Coronavirus impact: 16 July - fabulous results from a modestly valued stockbroker
An AIM quoted stockbroker and provider of outsourced financial services issued fantastic results suggesting a substantial dividend increase is likely
Jarvis Securities; fantastic results push the shares higherJarvis Securities (LON:JIM), the provider of stockbroking and financial administration services, issued fantastic interim results for the 6 months to 30 June 2020. Revenue rose 31% to £6.82m while pre-tax profit leaped 50% to £3.59m. With earnings per share up 50% to 26.66p and cash flow strong, shareholders can surely look forward to an increased dividend. Our Premium Research report here highlighted the appeal of this excellent little business. The latest results have moved the house broker to materially lift forecasts for 2020 and 2021. For the year ending December 2020 pre-tax forecasts are for…