JIM operates a successful low-cost trading model alongside an outsourced settlements and administration business for pension funds, wealth managers and the like. The company’s previous update in July ’18 was cautious given extra costs incurred as a result of the implementation of MIFIDII. This morning’s FY18A results show that the company has succeeded in offsetting the cost increases by higher revenues, a good achievement; and while profits are marginally down YoY, they are slightly better than ....
14 Mar 2019
Small beat to forecast, cost increases offset, ‘19E optimism
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Small beat to forecast, cost increases offset, ‘19E optimism
Jarvis Securities plc (JIM:LON) | 60.5 0 0.0% | Mkt Cap: 27.1m
- Published:
14 Mar 2019 -
Author:
Nick Spoliar -
Pages:
4
JIM operates a successful low-cost trading model alongside an outsourced settlements and administration business for pension funds, wealth managers and the like. The company’s previous update in July ’18 was cautious given extra costs incurred as a result of the implementation of MIFIDII. This morning’s FY18A results show that the company has succeeded in offsetting the cost increases by higher revenues, a good achievement; and while profits are marginally down YoY, they are slightly better than ....