||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Tavistock Share Discussion Threads
Showing 951 to 975 of 975 messages
|Looking good today...could be exciting times ahead|
|Nice to see the International development, £500m AUM is a siff task..!!|
|Directors keep Buying..........when will the market follow/wake up..???|
|Yep, saw the director share purchase announced, let us hope there is lots of good stuff going on in the background..|
|Well if it's good enough for the chairman...|
|Big volume day....................|
|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.
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.
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.
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.|
|I hope not !!!|
|Noticed AFH Financial and Harwood Wealth raising money, this sector is hot, wonder whether Tavistock are working on something similar...??!!|
|Nice to see someone else here, we certainly need to raise the profile..undervalued gem..!|
|Quite right chrisdgb !! This one is not on the radar yet !|
|Nice to see more volume ticking through, mostly on the Buy side and with markets at these levels the business should be flying..!|
|Mattioli Woods figures today show the sector is booming........all good news!|
|AFH Financial results today show how good this sector is at the moment, we need to get some buying...|
|Well said, we have the makings of a really decent long term growth story and let us hope we can push towards the 4.5p level...having said that things like AFH still languish..|
|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.|
|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.|
|Business should be very strong with global markets in buoyant mood.......!|
|Nice volume chugging through here, with delivery on targets, I am looking for a 3x bagger on a 24 month timeframe.....|
|Results today show a decent business emerging here, more conversion to discretionary assets and the market cap to assets under management will look like a steal........|
|Well, I am starting to take a maiden position here...remember the guys all the way back to the Card Clear days..they are good at building businesses and the markets are helping...good luck all|
|50000 shares geoff wow .whats he going to do with proceeds have a mcdonalds or a few beers Hardly a massive overhang from him is it|
|How do you work that out Geoff? They may be 1p shares but I thought that the exercise price was 5.25p? Not exactly in-the-money then aye?|
|2 Directors have over 80m shares between them and using their options they can buy at 1p. Options are supposed to be an incentive but it appears these were 'in the money' before they did anything. Feathering their own nests ?|
|Research by Allenby - Make of it what you will ...