Member Info for barchid

eccles
You did a good job in toning down my enthusiasm last month on these, although I am at a bit of a loss as to why they have out performed the market on the way down despite having a broker commence coverage with a 390p target. I know when markets fall, some items fall faster than others, but with share buy backs & a good yield not to mention a hardening in underwriting prices, especially in motor their performance has been less than encouraging.
Nonetheless everything has a price, every dog has its day, I'm inclined to think a bit of averaging around these levels ? Yield looks safe to me, any thoughts ?

We ALL know that HMRC may not approve something, but at present it certainly appears that IHT exemptions have been going through smoothly, else the Chairman & Board would never have put that paragraph in.
Remember I did say, nothing is certain in life ?
That is why I said it. I am well aware of HMRC IHT rules but what you are ignoring is the fact that although investment co's are excluded, generally, JIM never deals for its own account so is considered as a service company, which is exactly what it is.
Whether you intended to frighten fellow posters or not it is quite obvious that more than a few on here will be holding to use JIM as an IHT relief thus I respectfully suggest that you check your facts more thoroughly before you imply that experts like Wealth Club or an IHT specific ISA trust are unaware of the rules really was a little out of order, IMHO.
DYOR (properly)

Roy
In the absence of your ability to produce an "expert" showing that JIM is not IHT free I wonder if you would consider a letter from the Jarvis BoD ?
When JIM placed their shares via PrimaryBid in April this year there was a long EGM document & on page 11 was a letter from the board, part 2 of that letter has 3 paragraphs, the middle para states that by paying dividends which reduce excess cash balances will also support the companys eligibility to retain its BPR under current IHT rules.
Whilst nothing is ever certain in life that is good enough for me. Hopefully this will draw the rather tedious conversation to a close, however IHT relief is a very valuable reason for individuals or IHT funds to hold stocks like JIM and if the rules change negatively in the future it is far better to know facts about your investments rather than other people guesswork.

Yes I did read that but does this company trade in securities or does its customers do that & they simply supply the technology ?
Please read what I write & try to be open minded.
If Wealth Club & a leading IHT aim fund believe they are exempt why are you trying to scare the pants off of people who own it ?
Your friend, an ex HMRC man, turned IFA, doubted that they were IHT free. he could be right, he could be wrong.
But you are putting your friends opinion in front of Wealth Club who specialise in investment tax saving issues and a major IHT free fund.
You know as well as I do, that as I stated clearly earlier that these matters are never 100% certain, yet you pit your (sadly) deceased friend against 2 experts who have a lot of skin in the game.
You are saying clearly that I am wrong.
I said clearly that I was no expert & would be happy to be corrected if wrong.
Yet when I show you these (printed, not verbal like yours) opinions you still belive that you are undoubtedly correct.
Is there any chance you could become just a little bit more open minded as professional people such as I have quoted normally hold an opinion for a good reason ?
Just perhaps your old pal was incorrect ?

All IHT free aim sharesare subject to HMRC approval but if substantial funds, like wealth club/fundamental believe they are I go with that.
Did you find anyone who said they are not IHT eligible ?
I respectfully suggest to you that a stock run by quality directors would not be on the aim market for nothing ?
They have a market cap of 133mill so as the family/board own a large part are you suggesting that they are asleep at the wheel ?
I also respect the fact that we all have opinions on everything but can you substantiate that google & my memory are wrong ?
Many people on this board will urgently await your informed reply as this is/could be a major point.
Frankly I believe Boxall & Google, until I see something of substance which is substantially different.

Daave
Not sure if you still watch this board but wondered what your thoughts were on Leppington's posts, on the face of it they would appear to be trying to emulate Dicken's character Mr Gradgrind which long term can't work ?

Barny
I agree it is a compelling case imho. Just topped up a few at sub 1345, also they go xd a small amount on Sep 30.
Additionally at these levels they are yielding a tickle over 2%.

Aquae
Could have been Guy Fawkes but it certainly wasn't Mystic Meg !

Roy
If you look at Wealth Club, Fundamental Aim Iht fund has almost 10% of their fund is invested in "Investment Banking & Brokerage Sevices", which I think implies I am correct ?
Furthermore Shares magazine of 22 April 2021 quotes Chris Boxall of that Fundamental Aim fund as believing that JIM does qualify for IHT relief.
I simply googled "is Jarvis an IHT free aim stock" & they were 2 of the first 3 results to come up.

Roy
I must confess that I did think JIM was probably IHT free as it has only the UK quote which is one of the determinants.
I accept that some finance companies are not IHT free to holders of 2 years or more but thought that JIM, which offers outsourcing office services as well as a platform (which could be claimed to be tech?) avoided that trap ?
I am no expert on this but I am sure I read somewhere that JIM were iht free, though am perfectly happy to be corrected if wrong.
Nevertheless they surely do rank for entrepreneurs relief which at 10% cgt is a substantial asset saving device.

eccles
Well actually some do, Arnold Weinstock for one at GEC until it was all blown away by his successor in Marconi.
Warren Buffet never pays out cash either, he reinvests.
As Jarvis is essentially a family concern we have no way of knowing, bear in mind that if they sell up at any point the cash would be subject only to CGT & the entrepreneurs rate is a mere 10%, if however they are more concerned with IHT then as an aim share I believe JIM is IHT free so that could be another reason to keep it in the company.
As I said, I was wondering out loud but it is something that directors are surely going to consider ?
On the dividend cash front I hold the bulk of my Jarvis with AJ Bell who credited me yesterday morning with my divi & a much smaller number in i-web who when I just checked have still not credited me, I guess they are awaiting the share to rise a bit until they do their auto reinvestment ?

Shaun/Sigma
Agreed.
I just had to add to my holding in the sipp this morning, it really does seem to be yielding too much at present.

fairdealer
Agree, hard faced business tactics make regular punters run for the hills in what should be a friendly social atmosphere of the local pub.
So sad that they seem to be rowing in an opposite direction to their customers.

Royc
I appreciate if we own JIM in ISA or SIPP we are not affected but that was NOT my point.
We do not set the dividend do we, who does, the family who run this cash generative business of course, so might they feel less inclined to pay more tax than they need & perhaps leave the cash in the business rather than pay extra tax on it ?

Just wondering out loud here but as the family who effectively control our company pay themselves through dividend payments I wonder if this NHS raid might have an effect on their policy ?

Scharn
Thx for your reply, I did misunderstand what you meant by outlier ! One thing I would say with Sensebio is that it is not just a 1 trick covid pony, their system works very well in oncology and in boring things like flu detection which is usually a very big market.
Changes at the top are disturbing, admittedly, but I'm sure this plc has legs.
Axis Spine is really interesting and is being supported by US surgeons who specialse in spines, which gives me real hope for a sale at some time fairly soon.
But a lot of dogs lurk in the MERC kennels, though it's true to say that lemons ripen before plums....

Scharnhorst
You are indeed diligent with your research, although tbh Oxford Genetics was not really an outlier, all owners of it were aware of the huge potential, the only problem with it was Woodford's involvement.
Happily I do have locatebio in my funds but there are 2 others that you might want to look at which I believe are even better bets than Locatebio ;
I would be most interested in hearing your thoughts on Sense Biodetection & also Axis Spine Technologies (previously Bridging Bone) which seem to be better prospects than Locatebio. Also they have been marked up in estimated value rather more than Locate, though we do not know the price this latest funding in locate was at.

fat profits
I agree totally with you the SP has absolutely nothing to do with politics, but everything to do with a downgrade by a city scribbler. I see £39.40ish as an excellent topping up opportunity to realise a yield of almost 3.8%.
I have indeed added today and will do so again if it breaks £39. To me this is a "buy & forget stock"

dun48
For someone who has worked at ULVR I am astonished that you appear not to regard it as an international company
Sure its main listing is in London but it operates & manufactures in a plethora of countries, very much like Nestle which happens to have its main listing on the Swiss exchanges.

eccles
If it drops a bit further I'll have to reverse my top slicing.
Will hold off for the moment though as this is the first break we have seen so it is possible it might shake a few loose holders out, but am also bearing in mind the 3.5p divi is paid in a week & that reinvestment usually gives the MM's a chance to shear a few sheep, especially the platforms that auto reinvest, I think iweb must have rung the bell on my last reinvestment in their scheme !

My mental image is rug muncher....

@boards
Or perhaps Annie Lennox "Ndreams are made of this" ?