We view today's 3p DPS announcement from JIM (+78%) as highly encouraging, indicating a strong start to FY2021E after an excellent FY2020E (to be reported next month, but our forecast suggests profits up 42%). With trading volumes viewed as strong, we take this opportunity to upgrade our FY21E forecasts to revenues £13.85m (was: £13.4m), PBT £7.4m (was £6.95m) and EPS 13.7p (was: 12.7p). JIM provides a cost-effective and efficient trading offering alongside an outsourced settlements and admin ....
16 Feb 2021
WHI Flash Light: Jarvis Securities (JIM) - DPS at 3p indicates powerful trading momentum, we upgrade EPS +8%, fair value: 300p
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WHI Flash Light: Jarvis Securities (JIM) - DPS at 3p indicates powerful trading momentum, we upgrade EPS +8%, fair value: 300p
Jarvis Securities plc (JIM:LON) | 57.5 -0.9 (-2.5%) | Mkt Cap: 25.7m
- Published:
16 Feb 2021 -
Author:
Nick Spoliar -
Pages:
5
We view today's 3p DPS announcement from JIM (+78%) as highly encouraging, indicating a strong start to FY2021E after an excellent FY2020E (to be reported next month, but our forecast suggests profits up 42%). With trading volumes viewed as strong, we take this opportunity to upgrade our FY21E forecasts to revenues £13.85m (was: £13.4m), PBT £7.4m (was £6.95m) and EPS 13.7p (was: 12.7p). JIM provides a cost-effective and efficient trading offering alongside an outsourced settlements and admin ....