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Barchid
Don't think Mr Grant contemplates any take over, with he and his family's holding in the company. He gives me the impression he's passionate about his roll, judging by his statements and the pride displayed to his staff. The only thing that could change this situation in my experience that happened, was a death in the family, and members wanted to sell in the circumstances.
One never really knows
Hi Trek, yes I agree with you, I noted Jim's PEG last year was. 9 something, so I guess it was a freak, year calc.
I don't have a mortgage now, but as barchid corrected me a while ago On JIMs BPR listing after several discussions, my age and health, encourage me to invest in JIM from a IHT prospective. Under present law. Although I did take a massive some from it when it went over £3 but still hold a significant amount in I.
Morning Trek, interesting comments from you, some good points. Just like to mention, I remember, being an old git, when interest rates were extremely high, that the market went stale, as money in savings couldn't be matched by divies generally paid by businesses. But Jim are a cash generative business, with no leverage.This is before the 80s boom. The other thing I noticed, in the chairman's statement, was the mention of growth and based account figures stated, gave a PEG of 1.36 although my calcs gave a higher figure, but I won't go into it. A figure above 1 is considered as being not good, in the financial business. But maybe its a one off maybe, and the 1 to 4 split, the reserve shares sold, covid. All added into the melting pot. I end there, and think positive. I buy Jim's shares. Cheers
Hi Barchid again, reading the account, I see Jim Nominees a dormant company, states on page 32 that it holding in assets increased, from £49 Mill in 2020 to over £60 Mill in 2021. Looking at this dormant company,(research) holds assets of a company in liquidation, Direct Market Touch Ltd. Its interesting to read further the meaning of nominee companies and their responsabiilites and powers. Dormont Companies as well, intriguing. How does their value increase, being dormant. Beyond my thinking.
Hi barchid, well I think it's a buy opportunity, even if the total years divi is around 2021 level. It will give over a 5% for 22, which is good into today's circumstances. Only if interest rates go considerably higher, will that threat, buying shares, and that isn't the BOE`s plan going forward.
Hi again Barchid, I have been reading further on AIM IHT relief funds. Maybe I'm wrong on my understanding, but the fund has to be registered in a ISA to satisfy the terms of IHT, I don't know if you already new that, mine is in a ISA. Just a comment, bare in mind. Roy c