We note this morning’s H1 results from JIM which reflect the challenges posed by subdued trading volumes in the first half, as well rising costs in relation to the Skilled Person review, and show 29% decrease in PBT YoY. The company has announced that trading for the full year is now expected to fall well below expectations, pending the outcome of the remediation work expected in Q4. After due consideration, we withdraw our estimates and valuation, pending completion of the Section 166 review pr ....
08 Aug 2024
Jarvis Securities (JIM LN) - H1 results reflect challenges; forecasts and valuation withdrawn
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Jarvis Securities (JIM LN) - H1 results reflect challenges; forecasts and valuation withdrawn
Jarvis Securities plc (JIM:LON) | 17.0 0 0.0% | Mkt Cap: 7.60m
- Published:
08 Aug 2024 -
Author:
Nick Spoliar | Charlie Cullen -
Pages:
4 -
We note this morning’s H1 results from JIM which reflect the challenges posed by subdued trading volumes in the first half, as well rising costs in relation to the Skilled Person review, and show 29% decrease in PBT YoY. The company has announced that trading for the full year is now expected to fall well below expectations, pending the outcome of the remediation work expected in Q4. After due consideration, we withdraw our estimates and valuation, pending completion of the Section 166 review pr ....