Jarvis Securities - forecasts look too cautious and there could be plenty more to go for
This low-cost stockbroker and financial outsourcing business has delighted investors since we last covered it in our Dec 2016 research. With the forecast dividend yield of approx. 5% and a supportive environment there could be plenty more to go for as our latest Blog suggests. Read on..
Update: 15th June 2017 (share price: 448p) Last covered: 19th December 2016 (share price: 370p) Premium Company Research ‘Shareholder return is a priority for this terrific little business’ - Results for 2016, released in February 2017, turned out stronger than originally expected. The Chairman, CEO and majority shareholder Andrew Grant described a “dramatic improvement” compared to H2 2015, which he attributed to improved investor confidence following the result of the Brexit referendum. Trading activity increased after it became apparent that markets were not suddenly collapsing as a consequence of the outcome! Market conditions improved to “excellent”. This allowed for a…