Tavistock Investments Share Discussion Threads

[mandarin4] 11/3/2021 07:41

Let’s get this straight. They set it at 4p then someone tells them that the previous options were at 6p average. They can’t work out that 6p is higher than 4p all for themselves and they are trying to shaft shareholders. They are not fit to run to the toilet never mind running our business.
DONT be fooled, this is not generous, they have forward sold the business and you are voting for dilution. You will get the value without the dilution by voting this theft down.

[davydoo] 11/3/2021 07:30

Another Raven son has been used in marketing activity

[graham1ty] 11/3/2021 07:29

I have never seen any comments on here about the appointment of Ben Raven, as MD of the Wealth business. I wonder how independent the recruitment process was. I wonder who sets his pay ? Is he part of the Option scheme ?

Raven and Cooke run this like a private company. And appointing yr son to the management Board does look......well, quite odd.....

[phillzy1] 11/3/2021 07:13

Wow what a circus. No one voted against it so far apparently but we are going change the strike price at our leisure? Lies after lies, these guys have no shame.

Everyone is entitled to their own opinion but there are 2 facts you can’t get away from:

1/ the 2 director trades 10 days prior to a "positive" trading update are a form of insider trading.

2/ you don’t go and re-schedule a general meeting, adjust a resolution if "everyone" is in favour.

Can anyone defend this?

[pepperspray01] 10/3/2021 14:23

Also for 'research' purposes... do we remember the capital raise to buy financial at 2P that amounted to nothing.

Tavistock Lighthouse partnership = nothing
Tavistock Law = maybe a squid
i-Stock = as per other robo-advisors it will never break-even with the development costs

Leadership incentives? How about you return the £5m+ capital you have raised, added nothing to market cap and subsequently have either lined your own pockets with, written off on the year end accs or thrown into the sea?

I can do more research if needed, I will even ask Poirot who's probably been furloughed for help but you don't have to dig very deep to see Raven and Cooke are crooks.

[pepperspray01] 10/3/2021 14:12

The maths is simple for me here, if you have entered at 3.25p or below you might be tempted to vote for as you can see a guaranteed incentive to 4P, great.

If you believe their titanic-like track record then you buy now, hold but ultimately pray.

Given that most shareholders' entry point is way higher than 3.25p they have no incentive to vote for a resolution that entitles the management team to a performance bonus at the 4p strike price.

Now putting my crystal ball to work, this will not pass again... they will have to call the GM off which will be hilarious and then what?.. do we collectively show them the door?

My research has been done, it begins with a share price chart from 2015.

[makeamillion3] 10/3/2021 13:23

Thanks good luck to you also.

Not falling out with anyone, trying to stress an opinion. Sorry if that’s boring and creates a yawn, just where many people have found themselves...

All the best

[quepassa] 10/3/2021 13:19

yawn.

good luck to you.
life's too short to be so sour.
i hope you recoup all your losses.

all the best
qp

[makeamillion3] 10/3/2021 13:11

And finally, my 225% increase is only so high due how the BOD’s have killed the share price....
how can that even be a solid argument...

Do you feel that’s good leadership for 7.5p/8p down to 1.5p?

Do they deserve a reward back at 4p? Hell no.

Great work if u can find it...

[makeamillion3] 10/3/2021 13:08

Haha! That is actually laughable QP.

Do your own research on how this company was created..... how the promise of 7.5p per share would be worth 21p within 3 years to anyone from the previous business which was the nucleus of this Tavistock model and the way in for these ‘business men’..

The ongoing nonsense of lies and promises is what makes me sour.

The way they disrespect shareholders make me sour.


Many many share holders here are long standing holders and have seen 3 year plan after 3 year plan fail and the false promises and the how the share price has been blatantly driven down...

‘There will never be another share class’
‘We won’t dilute the share price’.
‘We did that for long term growth but never again’

It’s all very clever when you think about it. Obtain a company by issuing shares at 7.5p, drive it down, buy into it as the price is reducing and reward yourself for managing to get back to 60% of the start value.

That does make me sour yes.

I’ve defended and defended these people on here and also on another forum but I’m sorry, I’ve seen enough now.

Dress it how you like, it’s not aligning everyone until that initial share price is 6p as a minimum, not just for me but for many many others.

Good luck with your interests in here. If it suits you, Fair play.

I just know for many many others it aligns nothing, and creates more anger, and lines certain pockets as usual.

[quepassa] 10/3/2021 12:30

You are surmising and pre-judging that this is a one-time only incentive plan.

If they hit a 4p benchmark, who's to say that The Board would not subsequently grant further incentive plans at higher share price benchmarks? - This would be normal practice in many companies.

Your calculations and views are based on your personal losses which is somewhat shaky rationale underlying your argument.

Share prices do go up and down and you clearly bought - at your own choice, no-one else's- towards the peak around 2017. And now your are sour because the price has gone down. If you are not prepared to tolerate massive price swings in micro-cap companies, it is arguable whether you should have invested here in the first place. Especially so if this is a SIPP investment.

Seems to me that a target of an intial 100% increase in share price is absolutely reasonable. Whereas your suggestion of an intial 225% increase is unreasonable.

And in my guess, if they manage to march the price up to 4p, it seems highly likely they would be given further incentivisation plans which would likely meet and perhaps exceed your target of 6.5p.

ALL IMO. DYOR.
QP

[makeamillion3] 10/3/2021 10:48

I’ve read and re-read this proposal.
My view...

Positives- much preferred way of measuring growth relating to share value as opposed to FUM or other measures. So we can all see the progress.

Negatives- the 1st reward at 4p is EMBARRASSING low. Unless your a new investor this is a 2 fingers up to the long suffering people/investors from previous who have seen nothing but loses at the hands of Cook and Raven.

To allow Mr Cook and Mr Raven to gain rewards when I’m still 40% down just isn’t correct in any aspect.

I’ve supported these guys against previous ‘personal attacks’ (IMO) and kept the faith and looked for the increasing FUM to drive profits. Now they have proved me wrong and showed the full intention is self profit at the cost of others.

Here is another way to consider this.

I manage your home/investment/asset, worth 750k..
Through my decisions and poor management over the next 7 years the value is driven down to 150k.
What I’ll now do, is try my best to get it back up to worth 400k and I’ll take a bonus/reward for doing so.... (thanks)
oh while I’m at it, I’ll buy in at 150k and make some growth as well! Double Winner.
So your still worth 400k (some 350k down) yet me a my trusted partner are dancing off into the sunset with a great little double return.
Happy days.
My vote- A RESOUNDING NO!!!!!

Try a target price of over 6.5p and come knocking again.


I’m actually disgusted with such a low starting point and feel it’s actually disgraceful.

[chrisdgb] 10/3/2021 09:41

Management issues aside, I suspect that we should still be trading really well, FTSE heading back to 7,000 before too long...let us hope the funds are still performing well..

[mandarin4] 09/3/2021 16:35

Those compensation hungry management had an incentive scheme in place and watched the share price plummet to such an extent they now want a new incentive, with a 25% lower bar, of what they had and with higher rewards.

[quepassa] 09/3/2021 10:58

i don't need to be right. let's just say you are right.

righteousness is totally irrelevant to me.

UPWARDS share price performance is what matters to me.

and moving compensation-hungry management onto a scheme which now only pays off and which is concretely tethered to share price benchmarks is a tried-and-tested formula which generally brings about the required results.

all the best.

ALL IMO. DYOR.
QP

[peterdavids01] 09/3/2021 10:43

We will agree to disagree, you like it, I don't.

My sore feelings have a value in this case, a 70% loss and the ongoing promise of a share price increase for the next year.

I used to believe in the story until you realise this company underperforms in almost every metric and the director compensation has gone up year on year.

Again you have your view which I will not dispute, I have mine. By the end of the month we will see who was right.

Good luck TO YOU, I will be fine if enough shareholders look into this properly.

[quepassa] 09/3/2021 10:31

the point you are missing is that this is a NEW REVISED incentive plan which is based on FUTURE share price benchmarks.

that's good for shareholders - irrespective of past events and happenings over which you clearly have strongly held emotional views which are clouding your perception of the NEW incentives.

I think you would have a negative perception of any plan because of your losses and your sore feelings.

Take it on the chin.

But if you really believe that they will quickly march the share price back up to 4p, 5p, 6p or 7p because of the new incentive plan, isn't this just the opportunity you need to make back your losses?

good luck to you.

ALL IMO. DYOR.
QP

[peterdavids01] 09/3/2021 09:53

PS: how can I subscribe to £100k of A shares that potentially translate to a flat percentage of the company's value in the event of a change of control... or this is a 'leadership' team-only perk?

[peterdavids01] 09/3/2021 09:51

I respect your opinion but don't necessary agree.

Let's see who wins, it would be embarrassing for Tavistock to call the GM off again.

Are you suggesting management did not have an incentive before destroying the value of the company or need an extra incentive now to keep them interested.

Or perhaps let them destroy the value of the company, dilute everyone to shreads and then lower the strike for their own options, ow and also issue a new share class just to make sure they have a kicker at the end regardless.

[quepassa] 09/3/2021 09:40

interesting observations.

you might be right.

then again you might be totally wrong.

:)


You are fully out of your mind in rejecting this highly attractive revised proposal which is beneficial both to shareholders and to the incentivisation of management in creating shareholder value.

You know where my votes are going.

Let me remind you, IN FAVOUR.


ALL IMO. DYOR.
QP

[peterdavids01] 09/3/2021 09:02

@quepassa Either your entry price is low enough and you just want to pray and see if the share price ticks up to 4p for a quick buck; or you are fully out of your mind if you are in favour of this proposal.

Think how a long-term holder feels at over an 80% loss down here. Even at 4p most shareholders have lost money.

You know where my votes are going.

[quepassa] 08/3/2021 22:13

I have voted IN FAVOUR

[mandarin4] 08/3/2021 17:34

I will NOT be supporting the new proposal and vote against it. There is a formidable number who are very angry at OC & BR and the way they have run this company and despite some reservations we need to not allow them to lower their options to line their pockets for the failures over the years.

[makeamillion3] 05/3/2021 15:42

That’s my point. I’d be happy to reward them over and above 7p.

Not to reward them for driving the price down from 7.5p and above, to then buy in at 1.5p and then award bonus rewards at 4p worth some 53% of the 7.5p start...

That’s a double bonus. I wish I knew the long term plan years ago.

The 4p level doesn’t align all the shareholders whatsoever, only people who got in below 4.
So maybe those who were in from day one and a higher share price will be given a share of the new bonus? Or is that the select few? (2)....