Forward looking and dedication will make "Jarvis" a name to remember. IMO

It is not looking as if Jarvis will survive its numerous debt problems unless the Management Team is drastically changed. The present team do not seem to have the necessary skills or competence to turn this company around.

Personally I would not think about investing in this company again unless the share price dipped to less than 18p. Unless the Senior Management Team is changed immediately my advice would be to sell what remainder holding you have in this stock and look elsewhere to pick up other stocks that have a future and but are selling at lower prices due to over selling in this bearish market.

Personally I sold my holding in Jarvis immediately after the recent results.

Jarvis Announces UPP and Estonian Railways Sales
01/09/2004

Jarvis announces that it has appointed Alistair Rae in an executive capacity as its new group finance director with immediate effect. The company announced on 15 April 2004 that Mr Rae had been appointed the acting group finance director. Mr Rae is a non executive director of LTG Technologies plc.
At the date of appointment, Mr Rae holds no shares or options over shares in the Company and there is no information to be disclosed in respect of paragraphs 6.F.2 (b) (g) of the listing rules.

Kevin Hyde, group chief executive, said today:

I am delighted that we have been able to confirm the appointment of Alistair in this important role. He has undertaken the responsibilities of group finance director at the most difficult and exacting time, and has guided us through a very complex situation. In a very short time he has established himself as a leading figure in the group and gained the respect of all those with whom he works, both within and outside the company. He is a crucial figure in the recovery process we have underway.

Biographical Note

Alistair joined Jarvis as director of corporate affairs in 2001 from HSBC investment bank. Prior to HSBC he worked for Cazenove & Co in their corporate finance department in the U.K. and was also the Managing Director of their Asian business, based in Hong Kong. He qualified as a chartered accountant with KPMG in 1983 and subsequently worked for Deloittes.


For further details contact Paul Ravenscroft on 020 7017 8127
Email paul.ravenscroft@jarvis-uk.com

or

Andrew Honnor/David Trenchard at Tulchan Communications 020 7 353 4200

So this (news new appointment) nutter holds no shares - wow. Well my defeatist attitude to Jarvis is it's time the past directors were put out of their misery - and the misery they have inflicted on their employees and shareholders has been great.

If you took a straw-poll of the retail-investors (forget institutions, they only operate your pension - it's not their money so why would they care?) the overall consensus would IMHO be to oust the lot. Shareholders should demand a new breed of management with knowledge of the business itself - someone promoted from the ranks who understands the employees.

(recent news) they lost the School contract - well thank goodness, at least now, they can't lose money on it.

I know this is a n unpopular share (here and elsewhere!) but I can't let S.Norris' comment about Director Bonuses go without comment....he is saying that the Directors received bonuses for for a period BEFORE the profit warning in 2004 - well strike me - would they have been considered had they fallen due After? - Then wait a bit - surely the PW was AFTER it had occured? Rarely if ever will a company issue a PW before there is any evidence.
Let's face it the bad deeds involving the shambolic Operation of this Company were done long before the bonuses were due to be paid. In reality, had the bonuses been put to a vote at the AGM they would (at least) have been delayed until the full story became clear.
Does Mr Norris think he is a suitable boss of a company that has lost 2/3rds of its shareholder-value in little over a year? Perhaps he can increase the losses say in the next 12 months?
If the truth dared to speak its name the Directors have behaved with little regard to shareholder value; and as such have no value to shareholders - they should be replaced by the TV chimps - that would entertain us, during a lull in the dreary waffle that is the AGM.
Ask yourself, were you entertained?
What lies for the year ahead - yes indeed Mr Norris, What Lies?

jarvis seems too low,must be due a bounce,especially as the bull will run wild next week with the market.its in the services sector and still has massive contracts ...http://jarvis

expect bounce tommorrow ?

gg, downwards you mean?? ;-)

as u may have heard guys theyve lost a norfolk schools contract,the news wasnt released till after market close....so im afraid down it goes .....http://jarvis

-er, it is rumoured (by me) that Directors at a little-known construction company are aware of the current situation and have taken steps to improve the contracts' cost-base. To that end certain contracts have been cancelled at no cost to the company and will result in considerable savings; they were taken for strategic reasons and expected to be cash negative in their fulfulment.
Directors of said company will achieve shareholder-value in the 2004-2005 period and have awarded themselves performance bonuses which will require meeting stringent milestones during the period.

Translation...
Shucks, can we string this dead sheep out, by giving it a good lather? We'll double our previous year bonuses if the sp rises above its current low for more than three days in the year. There that should baffle those stupid shareholders. Anyone for golf? I understand there's money in constructing golf-courses - we can leave the place in a total mess as Golfers will think their play just isn't p to it.Ho!Ho!

what happenened to the further falls ?

In fact up it went 25%!

ps M/Makers still on lunch ref sp stactic even though mega buys + my 50k @ 16!

M/M fannying aroung with the ps @ the mo. keep shaking that tree boys i'm still clinging on;

Well I must admit I was surprised it was up during the day but it enede the day down.

it was a great bounce on tuesday,big risks ,but big profits made..
overall it will go lower b4 it recovers....http://jarvis

not so rosy today bought @ 15.5 two days ago hoping for 20p saw 18p but not so sure now any eductated views around ??,

T1ps.com have a price target of 1p if that helps. Tho personally don't see that happening. My local authority has ditched contract for Jarvis to do work on schools.

can see 20p before too long then im out

GG - 20p will see me with a 8100 profit, b/even @ 14.6p, first bought last mon @ 16p 'cut my hands' twice buying on the way down on the falling knife! was down 6.5k @ one time deeh!
Good luck all holders....

Some chunky buy trades going through, school conrtact back on?

azhar do you mean 1p or 1?