Tavistock Investments Dividends - TAVI

Tavistock Investments Dividends - TAVI

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Stock Name Stock Symbol Market Stock Type
Tavistock Investments Plc TAVI London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 8.75 07:44:08
Open Price Low Price High Price Close Price Previous Close
8.75 8.75 8.75 8.75 8.75
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Tavistock Investments TAVI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

russman: Once TAVI traded at 2p Once TAVI traded at 10p Do the BoD claim credits for the highs but not the lows on this rollercoaster.
quepassa: Interim dividend of 0.07p payable today. And already received. Thank you, Tavistock. Please keep them coming. ALL IMO. DYOR. QP
quepassa: "Maybe if the BoD explained their valuation; TAVI could be better understood" Sum of Parts Valuation. One is referred to the Allenby Capital Research Note dated 6/12/21 which gives a detailed explanation of the break-down of the Sum of Parts Valuation for Tavistock. Allenby gave a revised S.O.P. valuation of 16p as at that date. Allenby's Research Note can readily be found on their website. One trusts that Allenby will provide an Update shortly after the Preliminary Final Results have been released by burgeoning Tavistock Investments scheduled for mid-September. It would not surprise me if there were perhaps a further positive change in any S.O.P. Valuation for Tavistock Investments at that time. It is interesting to compare the current share price of Tavistock with Allenby's latest S.O.P. valuation. The market would appear now to be waking up fast to this disparity. ALL IMO. DYOR. QP
russman: In the last Annual Report, the BoD believed that TAVI had a "sum of parts" valuation of 15p per share. Maybe if the BoD explained their valuation; TAVI could be better understood.
quepassa: Astonishingly strong and extremely buoyant Trading Update. Very positive outlook re-affirming Tavistock's ambitions and growth strategy. "MOST SUCCESSFUL YEAR IN COMPANY'S TRADING HISTORY" A SECOND INTERIM DIVIDEND has been declared which is an amazing FORTY PERCENT HIGHER than the first interim dividend declared. Looking exceptional. ALL IMO. DYOR. QP
russman: BPM have doubled their valuation of LEBC. BPM own a majority. TAVI bought a minority stake. TAVI should have got a discount.
russman: TAVI would have to demonstrate that they could fund the whole deal from the start. I doubt BPM would be interested in a large minority stake even at a "cheap" price. Why does Titan need TAVI anymore.
smithie6: "So a minority share holder but full control? Is that correct…" imo no. It is because of FCA rules imo. And their definition. ('cause Tavi has bt the shares which give a right to equal the sale price of any normal shares & obtain them. But most ordinary shares are held by companies, whose directors can leave/change, people can pass away but there is no need to sell the shares owned. If shares are held in the name of 1 person one assumes it might be very different. (Can they transfer shares to their children or must TAVI be given the chance to buy them ??). With 20-21% stake then Tavi is not of course in day to day control.
smithie6: Btw TAVI paid £7.7 million for County, turnover of £2.8 million, profit of ~£450k. 3x turnover. ----- For Blacksquare TAVI paid £3.6 million 1-2 years later, based on later AUM For turnover of £177k & loss of £485k (!!) at the time of acquisition. Surely the co. paid way way over the odds ?? & could have picked up Blacksquare for small change since it seemed to be imploding. (But, the MD of TAVI owned about 1/3rd of Blacksquare. Perhaps that explains it. :-(. The perf. of the acquisition improved in the 1-2 yrs until the perf. payment was made. (I would have phps to tried/preferred to buy it cheap. With a turnover of only £177k & £485k loss it would surely have been cheap for a cash payment). ----- The company seems to have done well to grow these acquisitions from what I can see. And done well to grow & sell the Inv. mngmt section for £40 million. Maybe they can also achieve a good result from TAVI Plc ? ..looks like they have a £40 million injection to fund some growth/action. ----- The valuation of TAVI is currently ~ 1 x turnover , for '21-'22 turnover ! Very much cheaper than anything that TAVI has bought, or the valuation of LEBC or of the Tavistock Investment section that was sold.
smithie6: Control functions. That is perhaps just in the eyes of the FCA, such that it requires their advance permission, 'cause the TAVI 21% stake has first option on all the other shares. Otherwise in the LEBC boardroom it just has 21% of the shares. Whether will be incorporated into TAVI accounts adding in 21% of LEBC turnover, profit, debts, or via asset accounting, I don't know. My guess is via the latter. Update. I'm sure that will be accounted for using asset accounting. So, if the shareholder assets at LBEC increase by say £3 million , after taxes etc,(since cash goes up because EBITDA has doubled, they expect that), then the 21% that TAVI owns increases by 21% of £3 million, = £0.63 million. TAVI is paying £10 million, but £6 million & £4 million deferred. So, the asset would increase in value in the TAVI accounts from £10 million to £10.63 million. The +£0.63 million would count towards declared PBT & PAT at TAVI I think but would not be taxed at TAVI since it is only a gain on paper, not taken. (& tax would already be paid at LEBC)
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