Tavistock Investments Share Discussion Threads

[quepassa] 12/3/2021 18:53

Excellent performance today by Tavistock Investments with a major surge in share price today by 20%.


Bona fide shareholders will be delighted with today's performance.


With much more to come.


Would not like to be short here.


ALL IMO. DYOR.
QP

[makeamillion3] 12/3/2021 18:48

QP-
The alert system working well for you. A negative comment is once more pushed down the order with your constant supporting post..

The increase of share price only makes me more sceptical of why this was changed as they seam desperate to get this passed. Yes desperate.
So you can post straight over mine if u wish to try and smoother the post asking valid questions and I’ll keep copy and pasting it back on.

YOU mentioned the consolidation.
Can you answer the question? 2:1 consolidation.... what’s the trigger? 7p or 14p???

[quepassa] 12/3/2021 18:27

Excellent performance today by Tavistock Investments with a major surge in share price today by 20%.

With much more to come.

Looking significantly undervalued compared to peer group valuations such as AFH which is (subject to shareholder approval)being taken over by a USA private equity house after an increased bid.

Earlier posts refer.


Would not like to be short here.


ALL IMO. DYOR.
QP

[makeamillion3] 12/3/2021 18:26

To add to that regarding the target price of 7p and potential of a consolidation....

If the company merged for example and the share price was consolidated 2:1 or something.
Then on today’s figures it’s this equation....
Eg. I have 1 million shares. Consolidate 2:1 at 2.45p. So I now have 500k shares at 4.90p.....

What if, it was 4:1.....
I’d have 250k shares at 9.6p......
So, what is the ruling here? 7p achieved.... no added value??? Bonus paid???

Also.... share options being given up....
So, as I understand the share options would expire if someone leaves their position. How would the 7p deal work.

Let’s imagine the 2 superhero’s are voted out in a no confidence vote...
does this 7p bonus expire or have they a Guarantee of a 7p trigger at anytime in the future?
Can this be confirmed?

And finally, why oh why oh why have they changed this deal with ‘no concerns raised’. It’s so nice of them.. super greed to superhero’s? I can’t imagine that. Lots of unanswered questions.

Ps I’m not short here, a good 6 footer!

[mandarin4] 12/3/2021 17:49

QP, no they don’t. They need to achieve a price of 7p per share. What easy ways are there of doing that, without having to increase market cap? You actually said yourself last week they would consolidate the share, ie reduce the number of shares and take it away from being a penny share. You are either Cooke, Raven or one of their stooges.

[fillipe] 12/3/2021 13:42

TAVI - being very well bought today.
Lowest ASK on show -2.6p ... and that being paid in full.

f

[chrisdgb] 12/3/2021 13:22

Agreed, even if you throw in a big comfort/safety factor, we should be double where we are immediately and then further upside from acquisitions etc.........

[quepassa] 12/3/2021 11:25

Some simple maths: 2p to 7p = +250%

They have to achieve a 250% increase in current share price before the new proposal kicks in.

That seems fair enough to me.


At the current share price of c. 2p, Tavistock looks extremely cheap to me for a wealth manager with £1.1 billion of Assets Under Management especially when you consider that sector rival, AFH Financial is currently being taken over for almost a quarter of a billion pounds sterling (£231m).

AFH's AUM are £6.2 billion (31/10/20).


If you compare that a US private equity house is effectively prepared to pay a multiple of £37.25 million per billion of AUM in the case of AFH, the current £12m market cap/value of Tavistock looks far too low in my opinion.

Using the same valuation metrics of £37.25million per billion of AUM, this would drive a theoretical market value of some £41 million for Tavistock's £1.1billion of AUM.


Yet the current market cap of Tavistock is just £12million.



That's a big gulf between Tavistock's £12 million market cap and the multiple of £37.25million per billion which AFH is being sold on.



In my opinion, with a market cap of just £12million, this share looks very compelling.


ALL IMO. DYOR.
QP

[red army] 12/3/2021 11:08

I don't understand why investors are unhappy with the scheme as if it gets to 7/8p I would be very happy

[quepassa] 12/3/2021 10:57

Share price beginning move up again - yet some investors are unhappy at this good news.


Don't need to be Einstein to work that one out.......




Wouldn't like to be short here.


ALL IMO. DYOR.
QP

[mandarin4] 12/3/2021 10:15

Morning Mr Cooke, erm I mean QP.

You really don’t get it. If they had everyone on board and voting in favour then WHY out of the blue suddenly increase it to 7p. They have proved on many occasions that they do not have shareholders interests at heart so put aside your bias and question why they did that. I have told you previously that I have voted against, yet Cooke reckons everybody has voted in favour! Defend them all you like but you can’t escape the facts and the facts are they are up to something fishy, more fool you if you believe them.

[tomgold] 12/3/2021 09:34

It’s hard to believe that this pathetic saga has descended to such a low level.

Management are now threatening shareholders to back this final proposal or face even more dilution at strike prices below 7p.

Why? Because they arrogantly think they can. How wrong can they be? This has got to be put to an end. Raven and Cooke must be forced out NOW!

[quepassa] 12/3/2021 09:07

You don't need to be a rocket-scientist to figure out why the Tavistock Board now want to address and quell investor concerns and bring about a marked improvement in sentiment.

Even to the extent of yet again eating humble pie and improving the scheme for a second time despite not having received any formal objections or votes against the prior proposal.

Some investors need to put their pent-up frustrations and deep grudges to one side and look to a much brighter future.

ALL IMO. DYOR.
QP

[pepperspray01] 12/3/2021 08:38

Very greedy and you need a forensic team to work out the end result of their proposal.

No formal docs on their website yet but at the very least they can publish the final proposal instead of 'deleting' this word delete that word' approach.

Regardless of these technicalities, the principle of what they are trying to pass is still wrong. Why should I as a long-standing shareholder who has defended these guys on their BS claims and overlooked in no particular order: 1/ Ben Raven's appointment as the MD of wealth. 2/ The fruitless acquisitions over the years on AUM growth 3/ the unexplainable accounting practices/costs 4/ i-Stock 5/ Their rising compensation year on year

Most recently the lie that no one voted against the proposal, again why would you change something that everyone was in agreement with in the first place. It's shady practice after shady practice.

The board with the little credibility they had left have managed to alienate shareholders from the November proposal and the message could not be clearer. We have run this share price into the ground and would like to revise the options down here as we the 'leadership team' feel we should get rewarded for any upside.

I assume Tavistock back in November did not expect the revolt of the initial proposal and now are caught with their pants down looking for a solution.

Lies after lies, I like the business, I don't like the board and would very favourably vote to get them out.

Still don't understand why there is no Zoom links for the meeting, all happens behind closed doors, all smoke and mirrors and I would not put it past them passing this even if they don't get the 75% approval rate.

With regards to this proposal, it's still a no from me and if they want to raise money down here they can suffer too.

Regardless of what anyone's opinion is on this, you can't deny the facts.

[quepassa] 11/3/2021 14:22

MORE FALSEHOODS.

Last trade to go through was a large BUY order for almost HALF A MILLION shares at 2.05p.

To be precise 454,305 shares Bought at 2.05p .


If anyone would care to verify this, here is the OFFICIAL TRADE RECAP from The London Stock Exchange:-

hXXps://www.londonstockexchange.com/stock/TAVI/tavistock-investments-plc/trade-recap


Wouldn't like to be short here.


ALL IMO. DYOR.
QP

[pepperspray01] 11/3/2021 14:06

Have your fun QuePassa, aside from telling people not to short a 2p penny stock I haven't seen a proper argument from your side on some of the issues mentioned by other members of this forum.

I have done my research, so have others and soon we will see the outcome. But YES thankfully someone has traded £10k shares today and even £20k yesterday (hopefully it wasn't the directors!) Enjoy cutie x

[quepassa] 11/3/2021 13:41

If certain parties don't understand the difference between a share consolidation and a share buyback, it speaks volumes (about them).

I think the Company should consider a share consolidation. Maybe on a one-for-fifty basis.


Wouldn't like to be short here.


ALL IMO. DYOR.
QP

[quepassa] 11/3/2021 13:38

MORE FALSEHOODS.

Last trade to go through was a large BUY order for almost HALF A MILLION shares at 2.05p.

To be precise 454,305 shares Bought at 2.05p .



If anyone would care to verify this, here is the OFFICIAL TRADE RECAP from The London Stock Exchange:-

hXXps://www.londonstockexchange.com/stock/TAVI/tavistock-investments-plc/trade-recap




Wouldn't like to be short here.


ALL IMO. DYOR.
QP

[mandarin4] 11/3/2021 13:37

QP you are funny. You haven’t answered any of my previous questions and then point us to the company broker, Allenby Capital. Just remind me who employs and pays Allenby for their services?

[tomgold] 11/3/2021 13:26

The numbers quoted by Allenby Capital are blatantly wrong and misleading.The firm manages the 10 Acumen UCITS funds, which according to Bloomberg have AUM of approximately £950 million.

Any uplift in AUM over the last 3 years is almost entirely due to market appreciation as opposed to new money inflows. This speaks volumes for the sales and marketing personnel within the company.

[pepperspray01] 11/3/2021 13:26

The volume you're seeing here is on the sell-side.

If the recent posts on Tavistock are your genuine opinion and you are A/ Sober and B/not a company insider, you have lost your mind.

The company is not in a position of doing a share-buyback anytime soon.

[quepassa] 11/3/2021 13:02

Good to see trading volumes steadily picking up. -Though not particularly surprised after the recent AFH take-over after an increased bid.


The Company should consider a share consolidation to remove its penny share status.



Wouldn't like to be short here.


ALL IMO. DYOR.
QP

[davydoo] 11/3/2021 12:37

Falsehoods? Lol

Nothing false about the FT’s financial adviser magazine reporting on Tavistock buying advice firms whose revenue is based on the assets they advise on

[makeamillion3] 11/3/2021 12:16

Agree QP,

The FUM have certainly increased.
But, on the back of this, how have profits not increased?

These incentive options have certainly shown as a cost, was that a deliberate ploy to devalue the profits and SP, drive the price down and then take the reward on the way back up?