Share tipping websites

John464

Thought I would share this one just for a laugh

link

https://www.tipranks.com/news/company-announcements/jarvis-securities-strengthens-board-with-appointment-of-paul-shackleton-as-non-executive-director

Quote

'The most recent analyst rating on JIM -6.25% ▼ stock is a Buy with a £9.00 price target.'

Current price 8 pence

No mention of them closing down

jifmoose

Is that like Fly Tipping or Cow Tipping?

Baldytyke88

When I look on Google finance there are a lot of gaps, 2024? Looks good but very risky.

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/81856427#Comment_81856427

In what way does a company that is winding down, look good?

Baldytyke88

https://forums.moneysavingexpert.com/discussion/comment/81856638#Comment_81856638

AI

Jarvis Securities (LON:JIM) is currently a high-risk, while its extremely low P/E suggests significant value if earnings stabilize, the stock is reeling from poor performance, making it a "cautious hold"?

masonic

…aaaand this is why you should not use AI to research investments.

Baldytyke88

https://forums.moneysavingexpert.com/discussion/comment/81857168#Comment_81857168

But 'tipranks' is even worse. It does depend on what question you ask.

"The aim of the wind-down is to return remaining cash to shareholders after liabilities, such as the FCA redress and wind-down costs, are settled.

The company is closing down its operations and returning cash to shareholders rather than continuing to operate as a broker. The share price has reflected this wind-down, experiencing significant declines in 2024 and 2025."

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/81857137#Comment_81857137

You seriously said something looks good just because AI told you it was? That's really a recipe for disaster.

John464

My understanding is that when a company is winding down shareholders get what is left over after everyone else has been paid.

I haven't looked at Jarvis accounts and just went on my feeling is they will help themselves to as much as they can get away with. And there will be unexpected costs. So the shareholders will get less than expected. Perhaps I am being too cynical. But it comes from past experience of buying Marconi shares after the crash in the naive belief that shareholders would get what Marconi was really worth when it was wound up. Needless to say I got burned.

Baldytyke88

https://forums.moneysavingexpert.com/discussion/comment/81857663#Comment_81857663

With no one commenting, the OP would get zero information. It wasn't advice to buy.