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Jarvis Securities ( (GB:JIM) ) has provided an announcement.
Jarvis Securities plc announced a significant increase in revenue and profit before tax for the six months ended 31 December 2024, despite subdued market transaction volumes and ongoing remediation efforts. The company is in the process of selling its retail execution-only brokerage business to Interactive Investor Services Limited, with the transaction expected to complete in July 2025. If completed, Jarvis will focus on winding down its operations, potentially becoming an AIM Rule 15 Cash Shell, and may seek shareholder approval to cancel its AIM trading admission.
More about Jarvis Securities
Jarvis Securities plc operates in the financial services industry, primarily focusing on investment management and brokerage services. The company is involved in providing retail execution-only brokerage services and Model ‘B’ clearing and settlement services through its subsidiary, Jarvis Investment Management Limited.
Average Trading Volume: 287,701
Technical Sentiment Signal: Sell
Current Market Cap: £7.38M
For detailed information about JIM stock, go to TipRanks’ Stock Analysis page.