Strong H1 results prompt 24% upgrades; attractive model and underlying drivers
JIM has announced outstanding H1 results this morning, showing that the positive drivers highlighted earlier in the year, and which led to previous upgrades, have continued unabated. PBT up 50% YoY reflects average daily volumes which have moved ahead sharply and exceed expectations, coupled with a significant margin uplift. JIM provides a well-designed low-cost trading offering coupled with an outsourced settlem ....
16 Jul 2020
WHI Mornign Comment: Jarvis Securities (JIM)
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WHI Mornign Comment: Jarvis Securities (JIM)
Jarvis Securities plc (JIM:LON) | 60.0 -0.9 (-2.4%) | Mkt Cap: 26.8m
- Published:
16 Jul 2020 -
Author:
Nick Spoliar -
Pages:
4
Strong H1 results prompt 24% upgrades; attractive model and underlying drivers
JIM has announced outstanding H1 results this morning, showing that the positive drivers highlighted earlier in the year, and which led to previous upgrades, have continued unabated. PBT up 50% YoY reflects average daily volumes which have moved ahead sharply and exceed expectations, coupled with a significant margin uplift. JIM provides a well-designed low-cost trading offering coupled with an outsourced settlem ....