Jarvis Securities (JIM)

Sector:

Financials

Index:

FTSE AIM All-Share

459.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 513.00
  • 52 Week Low: 435.00
  • Currency: UK Pounds
  • Shares Issued: 10.93m
  • Volume: 7,738
  • Market Cap: £50.16m
  • RiskGrade: 46

Jarvis Securities shares fall as company faced with regulatory changes

By Duncan Ferris

Date: Thursday 15 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Jarvis Securities shares fell approximately 10% on Thursday, despite strong dividend, revenue and profit growth, after the company's final results indicated it faces significant cost increases as a result of regulatory changes.
The company will be incurring increased costs on software, data feeds and higher staff numbers in order to ensure that newly required policies and are correctly implemented and monitored, management said in a statement.

Andrew Grant, chairman of Jarvis Securities, said: "The dominant theme for Jarvis during 2017 has been regulatory changes which have taken place and are due in the coming year. Considerable time and resources have been, and continue to be, spent preparing and satisfying the requirements of MIFID II and GDPR."

Aside from the issues with regulatory changes, Jarvis reported 34% growth in dividend per share, from 17.5p in 2016 to 23.5p in 2017, while profits before tax saw a 22% increase from £3,638,008 to £4,420,498 over the same period.

Revenues from continuing operations rose 13% from £8,322,844 to £9,423,436 between 2016 and 2017.

"I am urging investors to be realistic about near term results. As highlighted above our cost base has increased, so revenues will need to increase at a higher rate to maintain the growth of the past. That is not to say it cannot be done, especially if interest rates increase," said Grant.

The AIM-listed company has provided retail and outsourced financial services since 1984 and has worked with some of the world's best known financial names, according to the company website.

As of 1123 GMT, Jarvis Securities' shares were down 9.50% to 486.00p.

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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 459.00p
Change Today 1.00p
% Change 0.22 %
52 Week High 513.00
52 Week Low 435.00
Volume 7,738
Shares Issued 10.93m
Market Cap £50.16m
RiskGrade 46

JIM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.45% above the market average9.45% above the market average9.45% above the market average9.45% above the market average9.45% above the market average
18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average
Price Trend
14.93% below the market average14.93% below the market average14.93% below the market average14.93% below the market average14.93% below the market average
16.78% below the sector average16.78% below the sector average16.78% below the sector average16.78% below the sector average16.78% below the sector average
Income
27.40% above the market average27.40% above the market average27.40% above the market average27.40% above the market average27.40% above the market average
2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average
Growth
18.63% below the market average18.63% below the market average18.63% below the market average18.63% below the market average18.63% below the market average
50.41% below the sector average50.41% below the sector average50.41% below the sector average50.41% below the sector average50.41% below the sector average

JIM Dividends

  Latest Previous
  1st Interim Special
Ex-Div 20-Feb-20 26-Sep-19
Paid 12-Mar-20 22-Oct-19
Amount 6.75p 15.00p

Trades for 28-Feb-2020

Time Volume / Share Price
14:25 300 @ 457.15p
13:12 250 @ 457.15p
11:36 2,371 @ 456.60p
11:37 2,500 @ 462.00p
11:35 350 @ 462.00p

JIM Key Personnel

Finance Director Jolyon Christopher Head

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