We note today's Q4-22 2.5p dividend announcement from JIM – 0.5p ahead of our revised FY22E forecast post the announcement of the Skilled Persons review on September 16th. The Review (on a voluntary basis) placed certain restrictions on JIM, though these affected only certain existing clients (and not in turn their clients). Notwithstanding those developments, we view this morning's announcement as serving to confirm that the company continues to be a beneficiary of the dramatic shift which we ....
