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Has sentiment turned (JRVS)     

theresearcher - 29 Dec 2003 09:21

Been watching this one recently and price been rising from previous lows. Cleared the 2 barrier and still on upward trend. Any views on whether this has potential to be next W.S Atkins type PFI recovery stock.

FTreader - 29 Dec 2003 15:18 - 2 of 4

Yes. Why not, undervalued IMO.

theresearcher - 04 Jan 2004 16:59 - 3 of 4

Positive comment from paper today.

From the "Independent on Sunday" today:

By Clayton Hirst, Jason Nissand Abigail Townsend:

The support services company has come in for a lot of flak of late - some of it from this newspaper. In particular, Jarvis has been attacked for the way it has handled the Potters Bar derailment and problems with some of its schools PFI projects. The City has taken note, and Jarvis has seen its shares fall 46 per cent from their July high. But traders have overreacted to the flow of bad news. Paris Moayedi, the former chairman whom many blamed for Jarvis's troubles, has now left, replaced by Steven Norris, the Conservative London mayoral candidate. Hardly a shy and retiring type himself, he nonetheless has a decent business brain and could well steer Jarvis into calmer waters. And investors' biggest worry about Norris - that he'll quit if he becomes mayor - must surely be misplaced.

If Norris succeeds, then in 2004 Jarvis could be judged on its financial performance. The company recently posted a 77 per cent increase in pre-tax profits to 33.7m in the first half of the year, and at 206p it looks cheap.

mitzi - 04 Jan 2004 23:50 - 4 of 4

looking at the chart the share price has clearly bottomed out and all the bad news is in the price- I expect further rises next week to 215p plus.
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