Tavistock Investments Share Discussion Threads

[quepassa] 11/3/2021 12:06

Funds Under Managemnet have massively increased over three or four years- contrary to the falsehoods posted above:-

2017 £603m
2018 £866m
2019 £945m
2020 £1.002billion

Currently £1.1billion.


Anyone wishing to verify these FUM figures and impressive growth in FUM is referred to the Allenby Capital website where you can view a copy of their latest November Company Note.

ALL IMO. DYOR.
QP

[pepperspray01] 11/3/2021 12:03

I'm guessing they have stopped reporting this post the Financial acquisition which yielded no funds being moved into their own proposition??? Just a thought.

[davydoo] 11/3/2021 12:00

The reason I would like to see them report AUA of the advice business, is so that we could see how much of growth into their own funds is net new money, and how much is just moving assets already under advice from another fund manager to their own.

Sure they'll get more share of the value chain that way, but it doesn't help to show if the business is growing.

[davydoo] 11/3/2021 11:55

It operates as a network to some firms, but it also owns firms outright, like the deal to buy price bailey

hxxps://www.ftadviser.com/your-industry/2016/11/24/tavistock-buys-advice-firm-in-3-6m-deal/

Which brought with it £313m of Assets under advice.

[pepperspray01] 11/3/2021 11:42

Tavistock only makes money on the £1.1B they manage so any valuation metric will be based on that.

If a firm has assets under influence as part of the network it does not matter as much but would be taken into consideration as goodwill on change of control.

So according to the house brokers at the end of 2017, the AUM stood at £1.1B, which is approximately the same number today. That is 3 years of no inflows... aka no expansion on the bottom line possibly hence the reason why the performance incentives were lowered. Tavistock have struggled to add AUM despite their multiple failed initiates.

[davydoo] 11/3/2021 11:40

I didn't mean you Que Passa, we replied to the same post at the same time.

But in your response it seems you are confusing them too. But it's easily done, because Tavistock have such bad naming and branding.

I know FUM of the asset management business are now £1.1bn. But though that's been their focus, that's the smaller side of the overall business when it comes to revenue. Most of their advisers, like AFHs advisers, have AUM too. Tavistock just dont seem to report that number for some reason.

How else did you think they generate £23m of revenue in the advisory business?

[mandarin4] 11/3/2021 11:33

QP sorry you are wrong. The £1.1billion is what they have in the Tavistock funds managed by Tavistock. These guys are IFA's so have many more millions invested/managed with other companies, think L&G, Aviva,Prudential that should be paying a regular fee income. My estimate is the funds total at least £2 billion

[quepassa] 11/3/2021 11:17

Confusing AUM and AUA???

Don't think so.

Assets Under Management (also known as Funds Under Management) are £1.1billion.

You are referred to the recent November Company Note by the house brokers, Allenby Capital which gives a detailed breakdown of FUM and their highly impressive growth from £603million at end 2017 to the current £1.1billion.


ALL IMO. DYOR.
QP

[mandarin4] 11/3/2021 11:03

QP you are quite right about the sector being hot and takeovers being the norm so why on earth would you think this deal, at any price, is worth voting for. Lets say a takeover happens at 7p you end up with less due to this deal diluting the value. If you vote against you'd still have got the same offer and be better off because you haven't handed the two of them 13% or so of the company. I reiterate that these pair are simply NOT capable of getting the share price back to a reasonable level, look at the accounts and their decision making over the last few years. You always say DYOR well take your own advise and tell me what evidence you see that they can achieve this? Whilst we are talking about their decisions I would begin by looking at this EGM debacle, its embarrassing and for me proves beyond doubt they are incapable of getting anything right. The reason I believe is that they start their decision making from a point of view of 'whats best for us!!!!!
So please DYOR and prove me wrong as I am interested in other points of view.

[davydoo] 11/3/2021 10:41

I think you're confusing AUM and AUA

I can understand why, Tavistock are rubbish at reporting on the assets their advisers manage/administer, as they've been so focussed on reporting their own funds business reaching £1bn

[quepassa] 11/3/2021 10:40

Great increase in share price by 75% in last three months.


All good stuff. A corner has been turned.

Wouldn't like to be short here.


One notes that sector rival, AFH Financial are being taken over after shareholders forced the acquiring USA private equity house to increase their initial bid.

A strong indication of a hot sector which is in growing demand.

With £1.1billion of Funds Under Management, the prospects look increasingly encouraging.

Wouldn't like to be short here.


ALL IMO. DYOR.
QP

[pepperspray01] 11/3/2021 10:38

You've lost it, no one is talking about being short here. You would have to be pretty stupid to short a penny stock at 2p.

Even with the AFH Financial acquisition as a benchmark which runs at circa £31m per £1Bn of AUM, this share would not get to the 7p.

A 75% increase in the last 3 months is a far cry from the 85% decrease in the last 6 years. Do the Tavistock compliance department know you're on this?

Do your own research sure, but frankly your research is not very good.

[quepassa] 11/3/2021 10:30

Great increase in share price by 75% in last three months.


All good stuff. A corner has been turned.

Wouldn't like to be short here.


One notes that sector rival, AFH Financial are being taken over after shareholders forced the acquiring USA private equity house to increase their initial bid.

A strong indication of a hot sector which is in growing demand.

With £1.1billion of Funds Under Management, the prospects look increasingly encouraging.

Wouldn't like to be short here.


ALL IMO. DYOR.
QP

[pepperspray01] 11/3/2021 10:18

QuePasa, how about we put your username to good use and ask Que Pasa Aqui, which is agressive spanish translates to WTF is going on here?

Through this RNS the board have admitted to all shareholders they have tried to take everyone for a ride with that 4p strike price, now all of sudden its 7p because 'everyone was on board'... a BIG jump in market cap demands.

Have a reality check, this is not gamestop and we are not going to the moon.

ALL IMO. DYOR.
PSSSSS

[quepassa] 11/3/2021 09:24

Wow.

Any collective short positions must really be hurting by now.

Problem is that the pain will just get worse as the share price continues to recover.

ALL IMO. DYOR.
QP

[pepperspray01] 11/3/2021 08:58

Tune in next month where the leadership team will throw in a Netflix subscription and popcorn so you can watch another comedy show somewhere else.

[paulixx1] 11/3/2021 08:40

Raven and Cooke are finished.

This is their second failed attempt to steal the company from long suffering shareholders.

Why would they postpone the GM if all the votes were in favour? What a load of rubbish. They are liars and crooks.

If they had any honour left, they would resign in the next RNS sent out by the company. If not, it’s time for shareholders to act together and vote them out!

[graham1ty] 11/3/2021 08:38

Today’s announcement does not say whether they have moved the ratcheted levels up. If they have just binned the sub 7p rewards, but kept the same rewards above that level, then the Board still get 13% of the Company at 7p.

Or have they moved everything upwards so that 7p nets 4% ( the reward at 4p in the just abandoned Scheme) and it would take about 10p to get 13% ?

They have not told shareholders

[chrisdgb] 11/3/2021 08:34

I think they are listening, all positive and as I said the markets should be helping.....

[quepassa] 11/3/2021 08:29

Excellent to see the share price UP by a MASSIVE 75% in the last three months.

And CLIMBING FAST.

ALL IMO. DYOR.
QP

[makeamillion3] 11/3/2021 08:22

Well well well.

Personally I’m delighted that the proposal has been changed.

My vote was due to be sent as negative today.

This is a much fairer trigger IMO and I’ll happily sign this and try and add to my shares.

Now let’s get on the road to recovery with the goal of 7p in the future.

[mandarin4] 11/3/2021 08:20

Nice post Mr Cooke erm I mean QP.

[quepassa] 11/3/2021 08:08

Great news this morning.

Looks like a win-win situation for everyone.

[tomgold] 11/3/2021 07:55

The last 6 months are a prime example of the leadership quality this company has had for the past 7 years. It’s hard to see a future with them onboard.

Great! ‘many shares have been voted in favour’? So just the board then?

You want to align interests? Leave the structure as is, cancel your existing options and resign.

[mandarin4] 11/3/2021 07:44

Phil is right as well. I voted against last week so Cooke is lying.