Jarvis Securities (JIM)

Sector:

Financials

Index:

FTSE AIM All-Share

59.60p
   
  • Change Today:
      0.100p
  • 52 Week High: 155.00
  • 52 Week Low: 46.50
  • Currency: UK Pounds
  • Shares Issued: 44.73m
  • Volume: 22,156
  • Market Cap: £26.66m
  • RiskGrade: 164

Jarvis Securities sees profits rise after decent year

By Josh White

Date: Thursday 12 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Jarvis Securities reported an 11% improvement in profit before tax in its final results on Thursday, to ?4.8m.
The AIM-traded firm said its revenue for the year ended 31 December totalled ?10.52m, rising from ?10.05m in the prior year.

Basic and diluted earnings per share were 13% higher at 35.82p.

The board said it saw a 4% increase in year-on-year interest income, and confirmed a 7% rise in its interim dividend per share.

An additional special dividend of 15p per share was also paid.

"I am pleased to be able to report that we have built on excellent mid-year results and had a record-breaking year in spite of the market uncertainty caused by the political environment which prevailed throughout most of 2019," said chairman Andrew Grant.

"Trade volumes year-on-year up to 31 December have fallen, but the changes we made to the business model during 2018 have led to an increase in fixed income.

"This action was necessary to offset increases in our fixed cost base driven by recent regulatory and legal changes throughout the industry."

Grant said the firm's performance towards the end of 2019 and in early 2020 boded well going forward.

"The election result at the end of 2019 has added an element of political certainty that has been lacking since the initial vote to leave the EU, and market volumes are typically higher in times of political stability. I feel we are seeing light at the end of the tunnel."

Andrew Grant said the company was "well-positioned" to capture the financial gains of increased trade volumes which, being predominantly IT-focussed, would not see overheads increase proportionately.

"This will lead to increased commission and interest income as cash under administration balances are positively correlated with trading volumes.

"Increased volumes will also enable our commercial and Model B clients to thrive.

"The business remains highly cash generative which will enable us to continue returning cash to shareholders through the regular quarterly dividends and as reserves permit, special dividend payments assuming funds are not required for working capital or acquisitions."

At 1520 GMT, shares in Jarvis Securities were up 0.68% at 439.96p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JIM Market Data

Currency UK Pounds
Share Price 59.60p
Change Today 0.100p
% Change 0.17 %
52 Week High 155.00
52 Week Low 46.50
Volume 22,156
Shares Issued 44.73m
Market Cap £26.66m
RiskGrade 164

JIM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.16% above the market average98.16% above the market average98.16% above the market average98.16% above the market average98.16% above the market average
98.20% above the sector average98.20% above the sector average98.20% above the sector average98.20% above the sector average98.20% above the sector average
Price Trend
55.39% below the market average55.39% below the market average55.39% below the market average55.39% below the market average55.39% below the market average
55.17% below the sector average55.17% below the sector average55.17% below the sector average55.17% below the sector average55.17% below the sector average
Income
82.72% above the market average82.72% above the market average82.72% above the market average82.72% above the market average82.72% above the market average
75.38% above the sector average75.38% above the sector average75.38% above the sector average75.38% above the sector average75.38% above the sector average
Growth
92.12% below the market average92.12% below the market average92.12% below the market average92.12% below the market average92.12% below the market average
86.54% below the sector average86.54% below the sector average86.54% below the sector average86.54% below the sector average86.54% below the sector average

JIM Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 16-May-24 22-Feb-24
Paid 11-Jun-24 19-Mar-24
Amount 1.50p 1.75p

Trades for 15-Jul-2024

Time Volume / Share Price
15:08 10,000 @ 60.64p
11:54 3,000 @ 60.64p
10:48 1,989 @ 60.64p
10:09 1 @ 61.00p
09:20 166 @ 60.64p

JIM Key Personnel

Finance Director Kieran Mark

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