Jarvis Securities (JIM)

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Engaged in the provision of stock broking services and all revenue is derived in the United Kingdom.

15-Feb-2018 – 537p – £58.8m – PER 16.9

Results For The 12 Months To End December 2017 – This is impressive – A 22% increase in PBT and EPS and a 34% increase in the Dividend. However, the outlook is cautious in that MIFID II will requirehigher costs.

There’s a lot to like here and it’s nice to see caution where it’s due. Tempted as I am for now I am just going to remain Neutral.

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