Tavistock Investments Share Discussion Threads

[russman] 21/12/2024 06:32

The last buyback was 3mn shares @9.35p.
It appears that all shareholders are befuddled by the current share price

[quepassa] 21/12/2024 06:15

A certain poster has been bleating on for many, many years about:-

"Trying to find a way to get my 7.5p back from years and years ago, but I don’t see it."


But.....

in 2022, the share price did hit 10p.

Not only did it hit 10p in 2022 but it stayed between 8p and 10p for a FULL YEAR from mid 2022 to mid 2023.

So there was a VERY LENGTHY twelve-month period when a certain poster could easily have got his 7.5p back.

Therefore, it doesn't make sense that the same poster is now and still bleating on about this again.

Given that there was every possible to exit - even at a handsome 30% gain- one must draw one's own conclusions about the motives of this poster and a group of other posters on this bulletin board.

It is worth re-reading the FCA warning at the foot of this page.

ALL IMO. DYOR.
QP

[quepassa] 20/12/2024 06:44

Totally incorrect.

The pricing parameters for share purchases are clearly detailed in the BuyBack Scheme document.

[russman] 20/12/2024 06:35

the two crows have 70mn share options between them.
If they decide to exercise some of them, they can sell them under this buyback scheme.
They can decide at what buyback price; not the market.
That is unfair.

[makeamillion3] 19/12/2024 21:59

Surely the profit making part of the business has been sold……again.
So what is left other that a lump of cash cash in a certain persons holdings?

Soltus have cherry picked the profit making part of the business and left the parts they didn’t want.

The advice/recurring income is at saltus, so all I see is Raven once more with cash on the hip with no revenue or income currently?

So now what?

QP have I missed something?

Trying to find a way to get my 7.5p back from years and years ago, but I don’t see it.

Leopards and spots

DYOR but not to far….

[quepassa] 19/12/2024 05:46

Yawn Yawn Yawn.

Incorrect

Hasn't read the details of the Scheme.

[russman] 19/12/2024 05:37

This buyback scheme is inequitable.
For example, the last buyback at 4.7p from an ex-employee.
4.7p is a price decided by the BoD not the market.
One shareholder appears to have benefited to the detriment of other shareholders.

[quepassa] 18/12/2024 14:55

1.

No. It has been undervalued for a very long time.

As is only too well known by anyone with a shred of market knowledge, the UK market as a whole has been deeply unloved by investors for an extended period and is considered by any measure to be very cheap on any historic measure.

And this is especially the case for small-cap shares and in particular small-cap financial shares.

2.

Davydoo is there any point in the last few years, including when the share price was higher, that you haven't been intentionally bashing this share and its management?


3.

For someone of your background and affiliations, do you think your malicious share bashing activities are appropriate?

3927 refers.


ALL IMO. DYOR.
QP

[davydoo] 18/12/2024 13:41

QP is there any point in the last few years, including when the share price was higher that you haven't though it was undervalued?

[quepassa] 18/12/2024 07:54

On the contrary - it's an excellent scheme - and moreover only just approved so one can expect significant further buybacks in the coming periods.


Combined with strong cash balances, an increased dividend to the tune of 29% and an extremely well-capitalised and robust balance-sheet, the prospects for shareholders are excellent.

On the commercial side, recent strategic acquisitions, increasing AUM and a burgeoning insurance business leave Tavistock well-positioned for future growth and opportunities.

In my view, the share remains significantly undervalued and under-appreciated in the market-place.

ALL IMO. DYOR.
QP

[russman] 18/12/2024 06:52

This buyback scheme is grossly inequitable and inefficient.

[quepassa] 18/12/2024 06:24

Naive.

But more concerningly, intentionally malicious and intentionally misleading.

Russman knows only too well that the vast majority of trades go through on much tighter spreads which are significantly inside the public bid-offer spread.

Daily trade data refers.

all imo. dyor.
qp

[russman] 17/12/2024 06:33

For example, MM buy at 4p.
MM sell back to TAVI at 4.5p
Nice margin.

[kingston78] 16/12/2024 11:01

I am surprised that MMs still maintains a spread of 11% (4-4.5p)knowing that the company is on a share buy back programme. MMs make money far more than private investors.

[russman] 14/12/2024 07:24

The buyback is open to all current shareholders.
The BoD negotiates the share price {the max is 15% above some unknown market SP)
Considering the buyback may be greater than 15%, a tender would be more equitable.
Maybe the BoD welcome repeated buyback requests from small shareholders.
It would make a crazy market share price

[quepassa] 13/12/2024 07:18

Not at all. Incorrect

Fully within the parameters as clearly set out in the BuyBack arrangements.

[quepassa] 12/12/2024 18:19

An extremely unlikely scenario.

30/9/24.

"During the year the Board uncovered multiple breaches of the strategic partnership agreement entered with Titan in June 2021. Titan's failure to honour the undertakings that it gave regarding the management of the ACUMEN Funds led to a collapse in the performance of those funds. At one stage, whilst under Titan's management, they became the worst performing suite of funds in the UK over a 16-month period. Tavistock gave Titan a six-month period in which to restore the performance of these funds to an acceptable standard, which it failed to do.



In the best interests of investors in the funds Tavistock terminated the strategic partnership agreement with Titan. In the best interests of the Company and its shareholders, the Board has initiated legal proceedings against Titan and has intimated a multimillion-pound claim for the substantial commercial damage caused to the Company by Titan's disregard of its contractual obligations."


All imo. Dyor.
QP

[enough2021] 12/12/2024 16:59

The legal situation with Titan is far from over. What is the company worth if it needs to repay the £32 million received to date? Are the management's share options worth anything? Food for thought.

[quepassa] 12/12/2024 14:30

If Tavistock is prepared to pay 4.7p per share under their BuyBack authority, the current market share price is significantly lagging this news.

all imo. dyor.
qp

[kingston78] 12/12/2024 10:42

I can sit it out to collect for the interim dividend whilst I wait and see how the share develops. I am fairly optimistic about the future, as the company will or may receive more funds from Saltus for the sale that has gone through.

[russman] 11/12/2024 05:52

Basically the share options are dilutive to minority shareholders.
Buybacks do not mitigate the dilution.
If the options expire worthless, there would be no dilution.
The buybacks should (in theory) create value for all shareholders.

[russman] 10/12/2024 06:25

The Buyback Shares will initially be placed into treasury and may subsequently be placed into a trust for the benefit of the Company's employees or cancelled. Shares placed into trust would be used to satisfy the exercise of share options without causing dilution to the Company's other shareholders.
> It is not possible to know "without causing dilution to the Company's other shareholders" at this point in time.

[davydoo] 09/12/2024 17:58

It would be exciting if they had proved they are good at making acquisitions, but they haven't.