Jarvis Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9552195 http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=9552195&action=detail Wed, 18 Apr 2012 22:22:00 GMT numberbiter tag:iii.co.uk,2003:tst.9552165
We all make mistakes; I lost on SCS Upholstery when they went bust. Shareholders received 0.2p per share and the directors bought the company off the administrator for next to nothing and are still trading.

We have to forget our disasters and move on. Jarvis' shareholders should, regrettably recognise they are fighting a lost cause. By numberbiter ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=9552165&action=detail Wed, 18 Apr 2012 22:09:00 GMT numberbiter tag:iii.co.uk,2003:tst.8081557 By totalnovice2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=8081557&action=detail Tue, 05 Apr 2011 08:49:00 GMT totalnovice2 tag:iii.co.uk,2003:tst.7758623 Hope you will have better luck in the future with your investments, like a lot of us.

Regards,
Aandeel By aandeeltje ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=7758623&action=detail Tue, 08 Feb 2011 19:01:00 GMT aandeeltje tag:iii.co.uk,2003:tst.7746139
From the Jarvis Plc website you can see that N B Kahn, N G Edwards, P S Bowers and I Brown were appointed administators on 26 March 2010. These guys work for Deloitte LLP.

I called Deloitte LLP and spoke with a chap from their Administrations Team (Chris Hurst). He said that there would be an update from the administrators on 25th March (although administration process would continue beyond that).

However, he assured me that ordinary share holders would receive NOTHING back. There will be no reimbursement / dividend / settlement of any amount (say 5p per share for example).

So, assuming that they make this clear on 25th March, then our repective positions SHOULD close out at zero. However, if the above fact is NOT stated explicitly, then the costs could roll on.

Now that I have this information I guess I might settle for zero now - and that way my daily funding charges with cease forthwith.

Cheers, and good luck all,
Betamax. By Betamax man ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=7746139&action=detail Mon, 07 Feb 2011 11:31:00 GMT Betamax man tag:iii.co.uk,2003:tst.7727240
The balance is also taken into account with my overall portfolio and when I use margin JRVS is included in the charge calculation. Doesn't seem fair but I'm not sure what to do about it. By Cromm ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=7727240&action=detail Thu, 03 Feb 2011 13:32:00 GMT Cromm tag:iii.co.uk,2003:tst.7711815
I'm guessing it might be a while to get a reply to this - if at all.

However, I was interested to know if anyone else was in the same position as I am, and what they have done about it.

I have a long cfd open with IG Markets on JRVS. I say 'open', because since JRVS went bust, the trade hasn't closed/settled. The reason that IG offer, is that it hasn't yet been determined at what value (if any at all) shareholders will receive any final settlement. It is possible that there will be a couple of pence of value after all other creditors have their slice of the pie.

The problem is, that as a consequence of an 'open' cfd, I incur a daily funding charge!!

What I wondered, was whether anyone had had previous experience of this. Also, whether anyone had any idea of any likely timeframe moving forward for repayment of anything due to ordinary shareholders.

It just seems that IG could hold the position open indefinitely, and charge myself (and all those in the same position) daily interest, ad finitum.

A nice little earner.

IG don't half milk the cash in.

Cheers and good luck all,
Betamax. By Betamax man ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=7711815&action=detail Tue, 01 Feb 2011 10:39:00 GMT Betamax man tag:iii.co.uk,2003:tst.6889396 http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=6889396&action=detail Fri, 10 Sep 2010 21:13:00 GMT P Podley tag:iii.co.uk,2003:tst.6643091 http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=6643091&action=detail Tue, 20 Jul 2010 10:31:00 GMT numberbiter tag:iii.co.uk,2003:tst.6632205 http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=6632205&action=detail Sat, 17 Jul 2010 06:48:00 GMT mazk231 tag:iii.co.uk,2003:tst.6599111
Over 1,000 employees of failed engineering firm Jarvis look set to lose 28 million pounds to which they are entitled in holiday pay, back wages and other benefits, according to Deloitte, the company's administrator. Deloitte said the failure to sell off assets beyond the 17 million pounds needed to pay secured lenders meant unsecured creditors, such as former staff, were unlikely to get the money they were owed. Trade creditors were also unlikely to be paid. Jarvis blamed government spending cuts for its collapse in March By kopkidie ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=6599111&action=detail Sun, 11 Jul 2010 19:46:00 GMT kopkidie tag:iii.co.uk,2003:tst.6331214 I wonder what will rise from the ashes.. By Agent X 20 ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=6331214&action=detail Thu, 13 May 2010 08:40:00 GMT Agent X 20 tag:iii.co.uk,2003:tst.6293748 In saying that i have watched shares go pop then simply change the name of the company on the very same day and its business as usual almost. At least jarvis went properly out the game. By popes11 ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=6293748&action=detail Thu, 06 May 2010 09:31:00 GMT popes11 tag:iii.co.uk,2003:tst.6293486
I have to disagree.

There is no point in assuming anyone who bought Jarvis must have done so because they read a BB.

Jarvis made statements to the market that gave no indication that they were likely to go into administration. In fact, they announced a contract that had not actually been signed.

So, Jarvis BOD's were misleading people. Investors.

And that is not right. And it is not down to BB comments that many people have lost money. It is down to foul play. Nothing more, nothing less. Sadly they will get away with it. By themanxman ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=6293486&action=detail Thu, 06 May 2010 08:56:00 GMT themanxman tag:iii.co.uk,2003:tst.6262531
By Bertybillion ]]> http://www.iii.co.uk/investment/detail?code=cotn:JRVS.L&display=discussion&id=6262531&action=detail Wed, 28 Apr 2010 04:30:00 GMT Bertybillion