Jarvis Securities (JIM)

Sector:

Financials

Index:

FTSE AIM All-Share

61.86p
   
  • Change Today:
      1.36p
  • 52 Week High: 160.50
  • 52 Week Low: 46.50
  • Currency: UK Pounds
  • Shares Issued: 44.73m
  • Volume: 21,531
  • Market Cap: £27.67m
  • RiskGrade: 164

Jarvis updates market on review of investment management subsidiary

By Josh White

Date: Tuesday 04 Jul 2023

LONDON (ShareCast) - (Sharecast News) - London-based financial services provider Jarvis Securities updated the market on the ongoing skilled person review on Tuesday, being conducted by an independent third party appointed under the Financial Services and Markets Act (FSMA).
The AIM-traded company said the review was focussed on examining the systems and controls of Jarvis Investment Management Limited (JIML), a subsidiary of Jarvis Securities.

It said the skilled person, as part of the second phase of its work, completed the review and testing in accordance with the agreed terms with the Financial Conduct Authority (FCA).

The findings of the review and its recommendations were then presented in a report to JIML and the FCA on 24 May.

In response to the review, JIML formulated a remediation plan, which it aimed to substantially complete within the next two to three months.

The company said the plan was designed to address any identified issues and implement the necessary improvements to enhance the systems and controls of the company.

Looking ahead, Jarvis Securities expected that the skilled person would conduct a follow-up review in the fourth quarter to evaluate the progress made by JIML in implementing the remedial steps.

"The-voluntarily agreed restrictions, as set out in a previous update, remain in place," the Jarvis board said in its statement.

"JIML will continue to work with the skilled person and FCA with the aim of having the restrictions lifted on its impacted Model B clients as soon as possible.

"The board will provide a further update in due course."

At 1512 BST, shares in Jarvis Securities were flat at 150p.

Reporting by Josh White for Sharecast.com.

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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 61.86p
Change Today 1.36p
% Change 2.24 %
52 Week High 160.50
52 Week Low 46.50
Volume 21,531
Shares Issued 44.73m
Market Cap £27.67m
RiskGrade 164

JIM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.02% above the market average98.02% above the market average98.02% above the market average98.02% above the market average98.02% above the market average
98.15% above the sector average98.15% above the sector average98.15% above the sector average98.15% above the sector average98.15% above the sector average
Price Trend
53.89% below the market average53.89% below the market average53.89% below the market average53.89% below the market average53.89% below the market average
53.45% below the sector average53.45% below the sector average53.45% below the sector average53.45% below the sector average53.45% below the sector average
Income
80.86% above the market average80.86% above the market average80.86% above the market average80.86% above the market average80.86% above the market average
76.12% above the sector average76.12% above the sector average76.12% above the sector average76.12% above the sector average76.12% above the sector average
Growth
91.85% below the market average91.85% below the market average91.85% below the market average91.85% below the market average91.85% below the market average
83.49% below the sector average83.49% below the sector average83.49% below the sector average83.49% below the sector average83.49% 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 13-Jun-2024

Time Volume / Share Price
11:29 2,901 @ 61.50p
10:29 5,000 @ 61.50p
09:53 5,000 @ 62.90p
09:23 839 @ 61.08p
09:20 1,500 @ 62.00p

JIM Key Personnel

Finance Director Kieran Mark

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