Your comments on Jarvis Securities (JIM) is, I think, on the money. What appeared to be a control weakness in the AML and regulatory oversight area, requiring some improvement and investment, has ended up in a transaction, possibly mandated by the FCA, that has lost investors 75% of the value of the business. Surely exactly the sort of thing the FCA is supposed to prevent.
The full rational for the transaction should be made public for there is a very nasty smell about this one.
Always a pleasure to read these fish-eye appraisals behind company reporting. Thanks to Mark and Leon for their shrewd analysis.
Your comments on Jarvis Securities (JIM) is, I think, on the money. What appeared to be a control weakness in the AML and regulatory oversight area, requiring some improvement and investment, has ended up in a transaction, possibly mandated by the FCA, that has lost investors 75% of the value of the business. Surely exactly the sort of thing the FCA is supposed to prevent.
The full rational for the transaction should be made public for there is a very nasty smell about this one.
Great read as usual, thanks. A few snippets I hadn't picked up on during the week as well.
Have good weekend all
Thanks for the update, have a great weekend