Share Name Share Symbol Market Type Share ISIN Share Description
Tavistock LSE:TAVI London Ordinary Share GB00BLNMLS43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.70p 3.50p 3.90p 3.80p 3.70p 3.70p 376,718 09:28:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 29.9 -2.8 -1.1 - 19.88

Tavistock (TAVI) Latest News

More Tavistock News
Tavistock Takeover Rumours

Tavistock (TAVI) Share Charts

1 Year Tavistock Chart

1 Year Tavistock Chart

1 Month Tavistock Chart

1 Month Tavistock Chart

Intraday Tavistock Chart

Intraday Tavistock Chart

Tavistock (TAVI) Discussions and Chat

Tavistock (TAVI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:01:203.60250,0009,000.00O
09:01:093.8451,7181,988.04O
07:06:013.8675,0002,895.00O
View all Tavistock trades in real-time

Tavistock (TAVI) Top Chat Posts

DateSubject
24/5/2017
09:20
Tavistock Daily Update: Tavistock is listed in the Software & Computer Services sector of the London Stock Exchange with ticker TAVI. The last closing price for Tavistock was 3.70p.
Tavistock has a 4 week average price of 2.75p and a 12 week average price of 2.58p.
The 1 year high share price is 8.10p while the 1 year low share price is currently 2.35p.
There are currently 537,186,045 shares in issue and the average daily traded volume is 238,393 shares. The market capitalisation of Tavistock is £19,875,883.67.
29/4/2017
11:11
glasshalfull: TAVI Chrisdgb, you're certainly not alone. Courtesy to declare I've also been a buyer here. I like the sector and have a stake in LGT (Lighthouse) and only recently top sliced AFHP (AFH Financial), switching some of the funds into bombed out TAVI. A little too early I may add. I initially took a small stake late last year which I increased via the December 2016 placing, watching in concern as the share price fell from the 4p pre-placing placing announcement, straight down & through the the 3p placing price...not my finest moment. I'm a long term investor, so remained unperturbed, although its nice to see first sign of life with the share price moving off lows this week. My thanks to origami74 on this thread. Post 938 is a very good summary of the current situation. As mentioned, if one compares the valuation of similar listed companies in terms of either an a sector average EV/EBITDA multiple or EV/AUI, they look significantly undervalued in relation to peers. Allenby in 2 notes released in Dec 2016 (see links below) indicated that this could imply a valuation of 6.1p to 11.5p which compares favourable to a share price of 3.4p at the moment. HTTP://allenbycapital.com/research/research-tavi_6_2894714661.pdf HTTP://allenbycapital.com/research/research-tavi_6_437777004.pdf I agree entirely with poster oragami74, the market does indeed require further evidence that the bolt-on acquisitive strategy is working and believe it offers decent risk/reward at the current price, especially with Chairman Oliver Cooke buying 800k in mid April, closely followed by CEO Brian Raven adding 900k shares just over a week ago. The appointment of Peter Horbye on Monday was also telling. He subscribed for 3.6m shares at 2.8p on the appointment & importantly was granted options over a further 3m at exercise price of 2.8p IF he introduces, "£500 million of assets into the Group's investment management operations before 18 April 2019." This recent director buying, Peter Horbye's appointment & £100k share subscription, aligned to the ambition of bringing a significant increase of funds into the company, prompted me to increase my holding this week. TAVI announced £690m Funds Under Management (FUM) at 30.09.2016 & I'd like to see signs of this increasing both through attracting further business & evidence of the migration of FUM from other investment managers previously utilised by Price Bailey. In conclusion, TAVI has a current market cap of £18.3m & EV of £16.7m & appears to have plenty opportunity for profitable grow. Kind regards, GHF
31/3/2017
14:33
origami74: Harwood Wealth have managed to raise 10M but the valuation placed on them is much higher than at TAVI. TAVI discounted at a low price to buy Price Bailey; an aquisition they had been negotiating with for two years. With the current buy price at 2.75p this stock looks pretty bombed out. It appears that the market requires further evidence that the acquistions and strategy is actually working. This evidence will drive the share price up. Until then the company is not in a position to raise money due to the supressed share price. Bull Points The company looks ridiculasly cheap based on turnover and projected EBITDA of the whole business. We need to consider bear points to understand why this is the case. Looking at multiples of other similar businesses fair value is about 10p - This is covered in the analyst notes on the company website. The structuring of the company is good - It allows acquired businesses to maintain thier brnad and realtionship with the thier clients. All the costly authorisations have now been accounted for. The Acumen portfolios how grown significantly in size since last year - The business has created serious in flow from somewhere. Bear Points Rather than acquistion the company is looking to recruit representatives to the Abacus Brand. I am worried this might be costly - However if the costs yield long term grow then we shouldn't be worried about the short term. The company is looking to market the Acumen Portfolios externally - I am concerned this is a bit of black hole. The funds have two years track record and are built on an active or passive investment strategy. If I was an external IFA not looking to join the group why would I not choose BlackRock or a more established brand. With a small number of key acquistions rather than a large number of small acquistions there is risk of conflict within the company. At this price I worry if there is. All the acquistions need to work if they are sizable ones. Overall Towards the end of April we should have an update from the company. The current share price indicates a similar level of losses with no prospect of dividend for 2017/18. It appears to me results have to pretty disasterous for a price fall from here however uncomfortable it feels to invest at this point. Any indication of increased profitability and integration of the business and the price could fly up. So TAVI this April/May it is time to start walking some walk and show the market that the aqcquistions add real value! Until you do acquistions could prove to expensive.
24/1/2017
10:21
origami74: Since the Price Bailey acquisition the share price has languished at around 3p. This has not been helped by the sale of £300,000 of shares by Mr Moseley to reduce exposure to company since his exit. At face value the company has offered discounted shares to Price Bailey as part of a long term acquistion strategy of 3p. However the second part of that deal values the shares at 4.5p minimum, yet the shares have not moved towards this figure. The Directors do not appear too concerned about the short term share price; which long term is reasonable but it does make acquisitions more expensive. Personally I think some of the Director's energy should be spent on attracting some smaller Co funds to take a stake at this level.
24/1/2017
10:10
origami74: It may be worth looking at the Harwood Wealth (HW.) results and valuation placed on this company. Harwood Wealth floated on AIM having had more systems and controls in place - i.e. a more established business. Acquistions have come from the cash pile with less equity dilution so HW. are a more established business than TAVI. That said if TAVI share price was trading on the basis on turnover to match HW. the share price would need to be nearer 12p - This of course is a generous valuation but with the share price languishing at 3p represents a significant discount.
05/7/2016
07:59
johnwise: Tavistock Investments PLC Final Results 05 July 2016 RNS Number : 2032D Brian Raven, Group Chief Executive, said: "We are extremely proud of what we have achieved this year. Tavistock has emerged from a period of consolidation more successful than ever, moving into profitability and increasing total revenue by a significant margin. We have exceeded market expectations and now look ahead to what I am confident will be another highly successful financial year. Financial Highlights: http://uk.advfn.com/stock-market/london/tavistock-TAVI/share-news/Tavistock-Investments-PLC-Final-Results/71887499
10/5/2016
07:49
johnwise: 10/5/16 Positive Trading Update "expected to be ahead of market expectations". "Each of the Group's operating businesses is now trading profitably" Tavistock Investments PLC http://uk.advfn.com/stock-market/london/tavistock-TAVI/share-news/Tavistock-Investments-PLC-Trading-Update/71411825
21/2/2016
12:28
origami74: I think you have highlighted the problem. No news means that the idea of acquiring regional hubs doesn't seem to be yielding results. Additional funds were raised to acquire IFA business but for some reason there doesn't appear to be much news on ket acquisitions. Are TAVI being choosey or are IFA firms being put off becoming part of the business. In addition to this the general stock market is in bear territory and the forecasts from the house broker did not look appealing at 5p+ per share. A share price of 3.4p gives forward projected earnings at 10X which is now attractive if firms can be added to the business and the general economy holds up.
01/8/2015
12:17
algorithmicx: Tavistock CEO credits 'effective business model' for rapid share growth hTTp://tavistock-investments.one49design.netdna-cdn.com/wp-content/uploads/2015/07/Tavistock-CEO-credits-effective-business-model-for-rapid-growth.pdf Tavistock CEO credits 'effective business model' for rapid share growth Karen Gilchrist Tavistock Investments’ share price increased significantly this month as awareness of its "highly effective business model" continues to grow. Between 2nd and 22nd July, Tavistock's share prices rose from 3.3p to 5.58p. Speaking to thewealthnet, chief executive of the AIM listed firm, Brian Raven, explained that recent organic and acquisitional growth had enabled the firm to offer its "professional investment standards" and "competitive prices" to a wider audience of retail clients. Tavistock's business model focuses on two primary areas, Mr Raven explained: the provision of advice; and, as of October 2014 when Tavistock Wealth was launched, the provision of investment management services. The latter provides what Tavistock has termed a Centralised Investment Proposition (CIP) for the clients of advisers. “The smarts of the model are twofold: firstly, by integrating those two services we can make a proportion of the business more profitable and; secondly, both the advice business and the investment management business are rapidly scalable. The advice business is scalable because all of the advisers are self-employed. So while we do have to have a central body to ensure all our advisers are compliant, it’s not a massive challenge to go from 270 advisers, where we are, to say 500, where we’d like to be. “On the investment management side, because we don’t provide a bespoke service, we’re a discretionary manager, we have a range of model portfolios across six risk ratings – which cover 90 percent of the market in terms of attitude to risk – we can as easily run £2 billion as we can £200 million. Already this year Tavistock has been putting this mantra into practice. In the past couple of months it has confirmed the acquisition of a proportion of assets from Cornerstone Asset Holdings Limited (see thewealthnet 1/04/2015) and the total acquisition of Duchy IFA based in the West Country (see thewealthnet 6/05/2015). In January it undertook its most significant acquisition: Standard Financial Group (see thewealthnet 20/01/2015). This transaction introduced a further 236 advisers to the firm, bringing its total number of advisers to 300 advising on approximately £3 billion worth of assets. This, Mr Raven said, has been the underlying key to Tavistock’s success: “I think the price has gone up because we are talking to an ever-increasing audience, both inside the business and out, and the simple fact of talking to 236 new advisers about what we do and our model means that word spreads and people are becoming more aware of our existence.” In terms of the firm’s strategy going forward, continued growth should be managed via a combination of organic growth, where possible, and acquisitions, explained Mr Raven. “We want organic growth but the nature of an advisers business is that their primary obligation is to look after the clients they already have. So while advisers want to attract new clients, the longer they’re in the business the more clients they have and the less time they have to seek out new ones. We do want to grow by acquisition as well but we’re very fussy about the businesses we want to acquire. We’re looking for businesses that share our client-focused philosophy who want to be part of a larger enterprise. “We’re actively looking at opportunities all the time and while I can’t say we’ll have another deal done by, say, October, but I’d be very surprised if we hadn’t done two or three more transactions by the end of next year. The real prize for us in terms of our shareholders is to make the business we’ve already got as profitable as we can by encouraging investors into the portfolio solutions we have. Because the bulk of our advisers are independent they will only push the solution if it truly adds up for their clients.” Mr Raven has been involved in financial services since 2010, having previously spent the most part of his career in software and computer services. In 1991 he founded Card Clear Plc, subsequently renamed Retail Decisions plc, a business engaged in combating the fraudulent use of plastic payment cards, which he later sold off in 1998. He then, alongside Tavistock’s current chairman, Oliver Cooke, built up loyalty card business Gladstone, which he then sold in 2005 before taking some time out of the industry to undertake a captainship at his local golf club and pursue his property interests.
29/7/2015
12:08
kingston78: Market makers must be keeping a very tight book, so a decent demand pushes up the share price quite significantly. This time round I expect the share price to break the resistance area of 5.8 p.
15/7/2015
21:03
kingston78: Today's rise in the share price is significant as it springs upwards to fill in the falling gap with a resistance level of 5 p. I am watching over the coming days / weeks to see whether it will firstly reach 5 p and secondly whether it breaks the 5 p level. Once the 5 p level is broken it will become a support level from which the share price will advance upwards. I would not be surprised to see the share price multiply from this level in the next few years.
Tavistock share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:34 V: D:20170524 19:33:51