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TAVI Tavistock Investments Plc

4.75
-0.50 (-9.52%)
28 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tavistock Investments Plc TAVI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.50 -9.52% 4.75 12:13:02
Open Price Low Price High Price Close Price Previous Close
5.25 4.75 5.25 4.75 5.25
more quote information »
Industry Sector
GENERAL FINANCIAL

Tavistock Investments TAVI Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
20/09/2023FinalGBP0.000730/11/202301/12/202315/12/2023
27/06/2022InterimGBP0.000707/07/202208/07/202222/07/2022
07/09/2021InterimGBP0.000516/09/202117/09/202104/10/2021
15/05/2019InterimGBP0.000127/06/201928/06/201912/07/2019

Top Dividend Posts

Top Posts
Posted at 27/1/2024 07:10 by russman
Most asset managers revenues have fallen in the last couple of years.
No idea how TWL has fared because TAVI / Titan is opaque reporting - why was the second payment only £5mn.
The deferred is still in the TAVI books for approx £18.5mn. - so TAVI are expecting 6mn which seems optimistic.
Lets hope for 5mn again.
Posted at 13/1/2024 07:09 by russman
ST uses BPM valuation of LEBC to give £5.6mn for TAVI's stake. Why do TAVI still value their stake at over £10mn.
Posted at 20/12/2023 15:37 by z1co
Tavistock Investments PLC (AIM:TAVI) enjoyed robust growth and operational success in the first half of its financial year, with revenues climbing by 19% yearly to £20.6 million on top of a gross profit of £7.7 million.

Adjusted earnings rocketed twelvefold to £1.7 million and earnings per share flipped from an interim loss in the first half of 2022 to 0.04p this year.

Though cash resources fell 73% year on year to £2.6 million, Tavistock announced a post-period deferred consideration payment from Titan Wealth Services which increased the group's cash resources by around £5 million.

The company paid an interim dividend of 0.07p per share in December 2023, maintaining the same level as the dividend paid in July 2022.

During the period, Tavistock completed the integration and rebranding of Precise Protect into Tavistock Protect, a key strategic move poised to contribute to the group's future profitability.

Precise Protect is a profitable and fast-growing insurance and protection business based in Bangor, Northern Ireland.

Tavistock now boasts a network of over 400 advisers and services more than 110,000 clients in the UK. Additionally, the company has effectively managed British Steel Defined Benefit Pension Transfer cases, incurring minimal uninsured costs.

Chief executive Brian Raven commented: "I am pleased with the company's strong growth during the first half of this financial year and the successful integration and rebranding of Precise Protect, now Tavistock Protect, which is set to be a major contributor to future profitability of the group.

“The company's cash resources have been bolstered recently by receipt of the second of three deferred consideration payments from Titan Wealth."
Posted at 25/11/2023 20:07 by quepassa
When a Company CEO needs to sacrifice a good chunk of his full contracted salary, it really doesn't send a very positive message.

Team Asset Management share price performance since IPO 90p to 36p.

Oh dear.

Bottom drawer performance and massive rapid destruction of shareholder value at Team.


Whereas, highly encouraging to see healthy solid shareholder dividends from Tavistock which can comfortably afford to pay its staff and Directors fully. As well as paying shareholders a healthy dividend.

One can anticipate outperformance from fast expanding Tavistock as market appetite for the small cap sector strengthens from a low base.


ALL IMO. DYOR.
QP
Posted at 22/11/2023 07:11 by quepassa
1.
Share now yielding a handsome 1.75% which for AIM is very good.

The interim dividend is 0.07p and share goes XD in less than ten days on 30th November with Pay-date a fortnight later on 15th. December.


Recent Dividend History is solid:-

2021 0.05p
2022 0.07p
2023 0.07p.


2.

The recent October Trading Update detailed out-performance and contained the magic words " SIGNIFICANTLY AHEAD" compared to prior year. At the same time, Tavistock declared their latest dividend and re-confirmed their commitment to deliver shareholder value through growth.


The latest dividend was declared just last month on 5th. October 2023.

The LEBC sale of Aspira Corporate to Titan was agreed 10/11/23.

It can be assumed that details and consideration for the Aspira sale were already known by Tavistock when they declared their dividend a month prior.

It seems highly unlikely in my view that Tavistock would have gone ahead with the dividend declaration if they had not achieved a satisfactory price in relation to their 20% LEBC/Aspira stake.


Against a maintained dividend and extremely buoyant Trading Update, the share looks compelling at this depressed level.


ALL IMO. DYOR.
QP
Posted at 21/11/2023 08:52 by quepassa
1.
Share now yielding a handsome 1.75% which for AIM is very good.

The interim dividend is 0.07p and share goes XD in less than ten days on 30th November with Pay-date a fortnight later on 15th. December.


Recent Dividend History is solid:-

2021 0.05p
2022 0.07p
2023 0.07p.


2.

The recent October Trading Update detailed out-performance and contained the magic words " SIGNIFICANTLY AHEAD" compared to prior year. At the same time, Tavistock declared their latest dividend and re-confirmed their commitment to deliver shareholder value through growth.



The latest dividend was declared just last month on 5th. October 2023.

The LEBC sale of Aspira Corporate to Titan was agreed 10/11/23.

It can be assumed that details and consideration for the LEBC sale were already known by Tavistock when they declared their dividend a month prior.

It seems highly unlikely in my view that Tavistock would have gone ahead with the dividend declaration if they had not achieved a satisfactory price in relation to their 20% LEBC stake.


Against a maintained dividend and extremely buoyant Trading Update, the share looks compelling at this depressed level.


ALL IMO. DYOR.
QP
Posted at 01/10/2023 10:36 by quepassa
Great SHAREHOLDER DIVIDEND from Tavistock.

Unlike Team PLC where the CEO needs to volunteer a 50% reduction in this year's salary and which has never paid any shareholder dividend.

Onwards and Upwards for the great management at Tavistock who are building a significant business.

Looking forward to the contributions of Tavistock's latest acquisition, Precise Protect to feed through into this year's performance.




With significant acquisition fire-power , a bright future lays in store which is succinctly summarised in an extract from a recent article in Investor's Chronicle:-


"They are massively oversold at the current level, as highlighted by a 14-day RSI relative strength indicator (RSI) reading of 17.9. There is material value on offer.

To put this into perspective, Tavistock's market capitalisation of £29.4mn is completely backed by the £13mn-worth of investments made to date in LEBC and Precise Protect, deferred consideration of £13.5mn due from the sale of Titan Wealth, and pro-forma net cash of £3mn. It leaves the advisory business in the price for free, even though it's grwoing its profit contribution and, to a trade buyer, could easily be worth as much as or even more than Tavistock's market capitalisation. Value buy."

See IC for full article and context.


ALL IMO. DYOR.
QP
Posted at 01/10/2023 08:21 by quepassa
Great SHAREHOLDER DIVIDEND from Tavistock.

Unlike Team PLC where the CEO needs to volunteer a 50% reduction in this year's salary and which has never paid any shareholder dividend.

Onwards and Upwards for the great management at Tavistock who are building a significant business.

Looking forward to the contributions of Tavistock's latest acquisition, Precise Protect to feed through into this year's performance.

With significant acquisition fire-power , a bright future lays in store which is succinctly summarised in an extract from a recent article in Investor's Chronicle:-


"They are massively oversold at the current level, as highlighted by a 14-day RSI relative strength indicator (RSI) reading of 17.9. There is material value on offer.

To put this into perspective, Tavistock's market capitalisation of £29.4mn is completely backed by the £13mn-worth of investments made to date in LEBC and Precise Protect, deferred consideration of £13.5mn due from the sale of Titan Wealth, and pro-forma net cash of £3mn. It leaves the advisory business in the price for free, even though it's grwoing its profit contribution and, to a trade buyer, could easily be worth as much as or even more than Tavistock's market capitalisation. Value buy."

See IC for full article and context.


ALL IMO. DYOR.
QP
Posted at 27/9/2023 14:02 by smithie6
Am I correct in saying that the
"deferred consideration of £13.5mn due from the sale of Titan Wealth"

....which ST infers is g'teed is in fact not g'teed because it is linked to performance ?

TAVI says that business is tough. And we all know that wages have gone up due to high inflation & look set to keep going up because inflation is still high.

If wages rise at the business that TAVI sold then the profit will surely fall & the performance payment to TAVI would also fall.

If the hoped for perf. money does not arrive then TAVI will not have free cash to fund acquisitions, or lower perf. cash would reduce the cash for acquisitions.
If TAVI can not make more acquisitions using free cash then it's valuation at ~£30m for a company at around break even does not look at all attractive to me.
Posted at 13/4/2023 18:15 by countup
Exploit Tavistock's discount£7mn earnings accretive acquisitionUpskilling and cross-selling opportunitiesAim-traded Tavistock Investments (TAVI:7.85p), a UK financial services group, has announced the earnings accretive acquisition of Precise Prospect, a fast-growing insurance and protection business based in Bangor, Northern Ireland.Having sold its profitable multi-asset manager to discretionary fund manager Titan Wealth for an initial cash consideration of £20mn in August 2021, Tavistock received the first of three deferred annual cash payments of £6.7mn (1.2p a share) from Titan Wealth at the end of 2022 to boost its pro-forma net cash to about £12.3mn (2.2p a share).The board's strategy is to replace the profit contribution from its multi-asset manager by recycling its cash pile into acquisitions. Tavistock purchased a 21 per cent stake in regulated IFA group LEBC Holdings last summer, the £4mn deferred element of the £10mn consideration is due later this month. It still leaves the group with proforma net cash of around £8.3mn which easily funds the acquisition of Precise Prospect.MOST READTodayOPINION April 11, 2023Bust-ups at Scottish Mortgage & RBGCOMPANIES April 12, 2023Growing pains: mining stocks' big conundrumAlpha small company research April 13, 2023Dine out on a royal investment for the coronationA smart looking acquisitionThe £7mn total consideration includes the issue of £0.25mn of new shares to the vendors as well as a cash payment of £2.75mn on completion. Sensibly, the balance of £4mn is being staggered as annual cash payments over the next three years linked to the future performance of the acquired business.In the 2022 financial year, Precise Project reported pre-tax profit of £1.45mn on revenue of £6.5mn, implying a sensible purchase price of less than five times profit and 5.7 times its net assets. It has strategic importance, too. That's because Precise Project has a network of over 200 advisers who work with more than 37,000 UK clients with an average below 40, offering them a range of products including private medical insurance, income protection, life and critical illness cover.The acquisition not only boosts the group's client base by almost 50 per cent to more than 110,000 private clients and doubles its network of financial advisers, but it provides Tavistock with an opportunity to boost revenue per employee by upskilling Precise Project's mortgage and protection advisers to become IFAs through the group's academy. Tavistock's fast-growing advisory business, which increased its cash profit contribution by 56 per cent to £1.4mn on revenue of £16.6mn in the first half of the 2022/23 financial year, will also benefit from financial advice leads generated from Precise Projects client base. There is scope to make cost savings in software, systems and regulatory oversight, too.Exploiting hidden valueAlthough Tavistock's share price has doubled since I included the shares in my 2022 Bargain Shares Portfolio, there is still material hidden value on offer in the £43.4mn market capitalisation company.After settling the LEBC deferred consideration and the initial payments on the Precise Project acquisition, proforma net cash should be around £5.5mn (1p a share) and that excludes £13.3mn (2.4p) cash payments due from Titan Wealth at the end of 2023 and 2024. In addition, the investments in Precise Project and LEBC are worth £13mn (2.3p).This means that the group's advisory business is effectively in the price for £11.6mn (2.1p), or less than three times the £4.1mn annual cash profit the unit reported in the 2021/22 financial year. As a standalone entity it could be worth five or six times that sum to support sum-of-the-parts valuations more than double the current share price. Buy

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