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TAVI Tavistock Investments Plc

4.25
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tavistock Investments Plc LSE:TAVI London Ordinary Share GB00BLNMLS43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.25 4.00 4.50 4.25 4.25 4.25 36,091 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 33.95M -1.4M -0.0025 -17.00 23.82M
Tavistock Investments Plc is listed in the Finance Services sector of the London Stock Exchange with ticker TAVI. The last closing price for Tavistock Investments was 4.25p. Over the last year, Tavistock Investments shares have traded in a share price range of 3.55p to 8.75p.

Tavistock Investments currently has 560,429,005 shares in issue. The market capitalisation of Tavistock Investments is £23.82 million. Tavistock Investments has a price to earnings ratio (PE ratio) of -17.00.

Tavistock Investments Share Discussion Threads

Showing 1426 to 1447 of 3500 messages
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DateSubjectAuthorDiscuss
26/11/2020
16:51
Tavistock shares now trading at 1.3p an all-time down, in which planet is it acceptable for management to even begin to discuss a long-term incentive plan? The real 75% approval rate should be on how quickly shareholders can get those clowns off the board.
tomgold
26/11/2020
16:50
Tavistock shares now trading at 1.3p an all-time down, in which planet is it acceptable for management to even begin to discuss a long-term incentive plan? The real 75% approval rate should be on how quickly shareholders can get those clowns off the board.
tomgold
26/11/2020
09:14
Raven and Cooke have been forced to resign in shame from their last 3 public companies. Maybe the GM should have a new resolution for shareholders to ponder?
tomgold
24/11/2020
15:49
Where is the press coverage on this, the media is usually quick picking up on Raven's dilutions? Was there an exclusive given to a publication on the basis they would only stick to the RNS script so no one else bats an eyelid? Bad move!
tomgold
24/11/2020
15:44
Don't tell me how you are going to enhance profitability by £400k and then not find a way of binning it as a write-off.
phillzy1
23/11/2020
15:54
Fill her boots

hxxps://tavistockinvestments.com/announcements/

mandarin4
23/11/2020
15:40
tavistock investments . com / announcements

Its "General Meeting – Circular Re Creation of new share class and other amendments to the Company’s articles of association"

I guess the £5m write down might have been website design....

raph_andrew
23/11/2020
15:10
Where is the full document with more ‘meat’. Struggling to find anything.
Many thanks

makeamillion3
23/11/2020
14:28
The unclear RNS is no mistake, they don't want shareholders to look at the "meat" of what they are proposing, "if it reads well it must be good for me" type of mentality.

This is one of the biggest capitalisation changes to date of this company and they are passing it off as a 'notice of GM' where they will cancel circa 60m shares and all is well. Raven and Cooke have had a free lunch so far at the expense of everyone else, now they are after the dessert, the milk and the cookies.

They are expecting enough votes in favour with an attractive headline to get it over that 75% approval rate. Would be nice to hear from the corporate advisor on this.


A "tougher" performance incentive and the cancellation of the current incentive scheme sounds attractive until you read the full document. Management has realised they have screwed themselves here too, now they need a plan B.

tomgold
23/11/2020
13:07
The RNS gives none of the rationale, or details, of this new Award. Any sensible person would realise that nothing is done for free, so the Board must be on to a winner !

I cannot be bothered to look at the details again. However, the targets seem to be on getting to £10m EBITDA and £100m valuation. Well, the Board has issued paper like confetti over the last five years, so they could reach those targets just by acquisition, and issuing shares, such that reading do not rise at all, and the share price does not move accordingly.

graham1ty
23/11/2020
11:51
Crucial details missed on the RNS but posted on their website. Disgusting move by management... Also I am guessing these shares are only available for 'management' and exclude all the shareholders that have been screwed since 2014
tomgold
23/11/2020
11:20
I have just seen that the Board get 25% of the share capital on any takeover before 2025. As this is the most likely exit, that is outrageous.
graham1ty
23/11/2020
09:00
If ordinary shareholders are stupid enough to approve this, the company is done..
tomgold
22/11/2020
13:43
Wrong company
markgordon1
22/11/2020
13:13
Thinking about it Has anyone else out there got anything to add to Graham 1TY stories.This is like CluedoI can't see shareholders voting this one through. But then they seem to just go along with Board recommendations. Maybe the shareholders are happy with the board. Maybe the management has the support and the big holders like the new chap are on side.I am not that interested. I am more interested in the past "glories". Hysterical
markgordon1
22/11/2020
13:00
Have you any more stories on the management or board.I see that one of the independent NED's and Raven breached disclosure Rule 17. Pretty serious.Rennison was a director of two businesses that left creditors with a deficiency of gbp5.6 millions. That is a serious amount. How can he just forget that?Surely in a normal company that would warrant resignation. Well as you pointed out Raven and Cooke have previously resigned for non disclosure reasons.I am surprised the FCA or Stock Exchange have not looked at this Rennison character. Do you know anything about him? Any other skeletons in the cupboard?As an old buzzard with not much to do this is all rather entertaining. A bit like Inspector Morse. Showing my age.
markgordon1
22/11/2020
08:48
Any company that whinges about its share price is dodgy:

“The Directors consider that the Company is chronically undervalued with a market capitalisation of some £10.0 million and have confirmed this view in discussions with independent experts. At its current microcap scale, the Company's share price is susceptible to volatile movements based upon extremely low trading volumes and values. For example, in the month of October 2020 there were just 55 trades, for a total of 868,000 shares at an aggregate value of less than £14,000. This represents less than 0.15% of the Company's issued share capital. Yet this very low level of activity resulted in a 30% adverse movement in the share price.

The Directors believe that such disproportionate volatility can only be eliminated effectively through the development of a much larger, dividend paying business with a higher proportion of the Company's shares in public hands. This would be best achieved by combining continued organic growth with an accelerated, acquisition-led growth strategy. The Directors are actively focused on how best to achieve such a strategy in a manner that delivers value to shareholders before rewarding the leadership team. I look forward to updating you in due course.”

graham1ty
21/11/2020
21:53
Strangely that Bio does not mention Gladstone:

INVESTIGATORS from the Department of Trade and Industry have raided software tiddler Gladstone following allegations that documents were doctored. Insiders said they seized minutes of board meetings and a report on working capital. Chairman Simon Preston said: 'Yes, they have made a visit. Why and what for is unclear to us. It's something we hadn't expected. You do what the regulatory authorities require.'

The shares plunged 32% to 4 3/4p in early trade, a fresh low. Gladstone, based in Wallingford, Oxford, is a gym membership software specialist. It has been dogged by controversy, its shares collapsing from a peak 199p. Last November, in a radical board shake-up, Preston took over from chairman and founder Brian Raven, who had previously survived attempts to oust him.

graham1ty
21/11/2020
21:50
From when they were appointed:

Brian Raven was a director of Card Clear PLC until June 1998 when he and Oliver Cooke resigned as a consequence of having agreed to treat a payment, forming part of a severance package of a former director, as a consultancy fee to a Channel Islands company. There was no element of personal gain for Mr Raven in the payment made. Despite subsequently providing a full explanation and an apology for initially having misrepresented the true nature of the payment to one of Card Clear Plc's advisers, the incident led to an irreconcilable breakdown in the relationship with the adviser. Accordingly, Mr Raven considered that the interests of shareholders of Card Clear Plc would best be served by his resignation.



Brian Raven resigned as a non-executive director of Digital Graffiti Limited in February 1997. In October 1997 a creditor presented a petition for winding-up the company. In November 1997, an order was given in the High Court for the company to be wound-up. As at 14 January 1998, the date of the Official Receiver's report, Digital Graffiti Limited had an estimated deficiency as regards creditors of £146,961.



Impact Performance Limited, of which Brian Raven was a director, was the subject of a creditors' voluntary winding-up which was completed in August 1995. After the costs of the winding-up had been met, the holder of a debenture secured on the assets of the company received 8.17p per pound of the amount secured and there was no distribution to unsecured/other creditors or members which amounted to £86,666.



Brian Raven was non-executive chairman of XL Communications Group Plc, a company traded on AIM. On 14 January 1998 Mr Raven resigned as a director of XL Communications Limited, a subsidiary of XL Communications Group Plc. On 28 January 1998 XL Communications Group Plc requested a suspension of trading in its shares and warrants pending clarification of its financial position. On 30 January 1998 a receiver was appointed over the assets of that company. On 1 April 1998 the court granted a winding up order in respect of XL Communications Group Plc. The liquidator was the Official Receiver. As at 1 April 1998, the date of the winding up order, XL Communications Group Plc had an estimated deficiency of assets available for unsecured creditors of £482,353 and an estimated total deficiency of £1,528,028.



Broc Investments PLC of which Brian Raven and Oliver Cooke were both directors and the sole shareholders, was the object of a member's voluntary liquidation and was dissolved on 7 April 2000.

graham1ty
21/11/2020
21:47
Mark G, google Brian Raven CardClear, and find the original articles, not what BR has claimed since, and those on Gladstone. I was staggered they could ever make a comeback.

However, memories are short. Two ignominious departures, ten years in the wilderness, then suddenly a miraculous comeback. And lazy, or stupid journalists take it hook line and sinker. Zero to Hero.....national player.....yeah, yeah, yeah

graham1ty
21/11/2020
19:08
Interesting I hadn't looked at their past. Tell me more. I am intrigued
markgordon1
21/11/2020
19:07
Further on incentivesThis is from a 2018 Deloitte report on FTSE100 COMPANY DIRECTOR REMUNERATION not some micro cap.OpportunityThe median usual performance share award has increased from 250% to 275% of salary for chief executives and from 225% to 230% for other executive directorsIn the top 30 companies the median usual performance share award to for chief executives is now 400% of salary (having decreased to 365% last year) and for other executive directors it is now 340% (increase from 290% last year). These increases in part reflect that some companies have simplified their arrangements and removed other long term incentives, increasing awards under their performance share plan.The median overall maximum limit (typically used only in exceptional circumstances such as recruitment) is unchanged at 300% of salary but has increased slightly in the top 30 companies from 400% to 440% of salaryNOT 25% OF THE COMPANY
markgordon1
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