Tavistock Investments Share Discussion Threads

[quepassa] 15/2/2022 18:41

Good to see the share price up some 40% since the end of last week.

All bona-fide and right-minded shareholders will be absolutely delighted at the progress in the share price.

With more to come.


ALL IMO. DYOR.
QP

[mandarin4] 15/2/2022 17:50

Oh and the lunatic has reappeared copying and pasting to drop comments down the list

[mandarin4] 15/2/2022 17:49

Smithie

At 6p per share they’d walk away with 10% of the company rising to 19% if topped 9p. All this was being shoved through when they knew Titan deal was done at £40m which was obviously going to massively increase the share price.

[quepassa] 15/2/2022 17:21

Coming back onto the small-cap investor radar following the outstanding article in the Investors Chronicle where Tavistock Investments was TOP OF THE LIST for Bargain Shares of 2022.

ALL IMO. DYOR.
QP

[smithie6] 15/2/2022 16:37

Do you remember the exercise price for the previous options that they gave up in order to receive these options ?
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(If I was allowed I would make it illegal in the Company Act to
- issue new options <1-2 years after an IPO, any options should have been stated when ppl put up their cash in the IPO

- make it illegal to reduce or extend the perf. conditions for options.
If dirs. can not provide the perf. & their share options remain 'out of the money' then they should perhaps leave & let someone else have a go. Endlessly reducing the exercise price of options with the hope to cash in one day is immoral imo. While shareholders lose money dirs can make money.

- all options should require a % of annual pay to be invested in the co. shares. If a dir. won't risk his/her money then no share options.

But sadly none of these things are likely to ever be implemented by a UK Govt or by the LSE (which is owned/operated by/for the brokers I think). The brokers are there to make profit for themselves not for shareholders.

[mandarin4] 15/2/2022 16:22

Yes as I recall 2 of the big shareholders had the balls to tell them to FRO with their efforts to take a HUGE chunk of the company and along with many other smaller shareholders the BODS failed to get the support. This happened just prior to the Titan deal announcement which in my opinion is insider dealing but they appear untouchable.

[smithie6] 15/2/2022 13:18

Interesting
There has been a lot of tooing & froing between the bod & big shareholders about the subject of director share options.

[smithie6] 15/2/2022 12:16

Most AGMs have a vote on the report of the Renumeration Committee. Which I think covers the share options.

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What do you think about my suggestion to write to 1-2 big shareholders, to see if they share your concerns ?

Perhaps you need to either try to take some steps to remove these 2 exec. dirs or just live with it, no ?

It is quite common imo that dirs. & managers at finance companies get a sizeable % of the gross profit. Even at big companies like Black Rock, UBS they pay big bonuses if a fund mngr or trader makes a big annual profit for the company.

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Dirs. getting too many benefits etc.
And dubious director conduct.
Sadly it is very common.
Some examples lse:dkl, lse:lvcg
At these 2 companies the dirs have bought companies where they were significant shareholders. At LVCG the dirs paid £1 million to get 20% of just an idea. You couldn't make it.
And it annoys me as well. At DKL the dirs wanted to pay 18 million € for what appearred to be just an idea !!, to process cashew nuts; with the right to demand a higher price 4 years later if the co. did well !!. The final price was 6 million €.
At Craven House, lse:crv many people have questioned whether the co. is a con or not.
Tens of millions taken out of Persimmon by the dirs as bonuses. They then left !.
The above companies, I have posted my concerns on the relevant thread & sold my shares.

[mandarin4] 15/2/2022 10:47

Smithie6 No the 70,000,000 shares was not put to a vote, it was a gift from the remuneration committee who have of course acted independently and in the best interests of the shareholders!!! Not like they are mates is it?

As far as ousting the current BODS you have more chance of Shergar reappearing due to the number of shares they control and others within their circle.

[smithie6] 15/2/2022 09:17

Mandarin4
If there is a vote to remove the exec. dirs you have my vote.
I'm not impressed by poor director perf. at any co., especially if highly paid & if the dirs. have put themselves before the company.
And the share price chart shows poor performance.

But I think you have to organise a removal vote or just forget it, no ?

At this website you can put a peticion to change the change the exec. dirs & try to get enough votes to make it happen. (And/or write to big shareholders, you might find their address on RNSs for change of % or via the web)
Change.org

(I wrote to big shareholders once at a diff. company. I didn't get any visible action but the dirs. probably learnt about it & tried to be more co-operative with shareholders perhaps)

The UK has lots of financial companies & lots of experienced financial sector managers & directors. Plenty of people available to do the exec. dir. work if these 2 were voted out.

(But I assume that they have been voted to continue in office at past AGMs, is it every 3 years that such a vote must happen ?)

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Were the 70 million share options at 5.25p with no performance reqts. (!!) submitted to a shareholder vote ?
(eg. a vote on the renumeration report for that year)

[mandarin4] 15/2/2022 08:18

Morning QP. As I said before being top of THAT list is something the bods should be ashamed of. Thankfully the journo has rescued the price somewhat. If the bods would have done a half decent job I guess he wouldn’t have picked up on the dire financials over the years so thankful for small mercies. You never answer any question, simply spout rhetoric but where do you think the ceiling price is by say the end of this month ?

[quepassa] 15/2/2022 08:00

... with the share continuing its strong rise towards a more realistic market valuation, as it comes back onto the small-cap investor radar following the outstanding article in the Investors Chronicle where Tavistock Investments was TOP OF THE LIST for Bargain Shares of 2022.

ALL IMO. DYOR.
QP

[mandarin4] 15/2/2022 07:54

Smithie6. The sale bought the share price back to around 4p. It started at 7.5p and the bods have been in situ for almost 8 years now. I recall the price dropping to 1.5p at one stage. Even after a £40m deal and two trading sessions which have lifted the price due to a journalists pen, the mkt cap remains at only £35m. Some on here have had 8 years of this so do have reason to be less than ecstatic about the Bods performance. Crashing the price then seeing it get to half of what it was 8 years ago is not a reason to celebrate their success. If the 40m sale had lifted the price to 8p plus and it stayed there I would concede your point but the facts don’t lie.

[quepassa] 15/2/2022 07:50

More Sour grapes.....

[russman] 15/2/2022 07:29

16p valuation = 3m ebitda times 10, plus net cash, plus Titan receivable, divided by shares o/s after buyback.
Dont think the BoD bonus / share options have been subtracted from his valuation.

[smithie6] 14/2/2022 23:48

"A journalist has done more for the share price in 2 days than the BODS achieved in over 7 years".

But !
The bod. sold a part of the co. for £40 million I think I recall.
One assumes that the dirs. played some part in making it successful enough to be worth £40 million, no ?

The journalist didn't achieve that sale.

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If enough small shareholders want these 2 exec. dirs removed then you could write to a big shareholder & ask them if they are willing to call a vote in the next AGM or at an EGM.
But now that a sale has been achieved by the bod for £40 million I doubt that any big shareholder will want to rock the boat.

[markgordon1] 14/2/2022 22:40

Bravo. Well said. These two robbers are about to get the swag bag out again More dilution everyone Come on they deserve another 10%I can hear the bods complaining how ungrateful we riff raff common undeserving private shareholders are.

[makeamillion3] 14/2/2022 19:22

Mandarin4, that’s the best retort I’ve heard for years!! Brilliant! Maybe he should have some shares as an incentive scheme!! 👏🏼&#128079;🏼8079;🏼ԁ76;💰💰;

[mandarin4] 14/2/2022 19:12

Drivel QP, which bit?

A journalist has done more for the share price in 2 days than the BODS achieved in over 7 years.

[yump] 14/2/2022 18:13

Now I remember where my shares came from:

"Tavistock Investments has origins that extend back prior to more recent events
however the company as it is now known was established in 2013 with the
divestment of its then only business, SocialGO Ltd."

and the loss is currently 98%, so not quite recovered yet !

[quepassa] 14/2/2022 17:20

Drivel.

Sour grapes.



An excellent couple of days for all shareholders.

With more to come .

[russman] 14/2/2022 17:07

ST currently values TAVI at 16p per share on a sum of parts basis.
But ST does not elaborate on his myopic analysis.

[smithie6] 14/2/2022 16:14

4p to 6p in about 2-3 days !!

:-)