Tavistock Investments Share Discussion Threads

[quepassa] 03/8/2021 08:13

The purchase of the asset management unit is subject to due diligence by Titan and to full approval from The FCA.

It seems to me that Tavistock have got no issue - and never had any issue- in opening their books, despite the malicious scare-mongering and libelous insinuation by certain parties.

The offer from Team was derisory and that is why Tavistock did not engage.

If anyone thinks that Titan will part with their cash and that The FCA will give their approval without examining the books and doing exhaustive due diligence to their full mutual satisfaction, they just do not comprehend these matters.


ALL IMO. DYOR.
QP

[makeamillion3] 03/8/2021 07:52

I think MarkGordon was referring to the ongoing case against the ex Abacus adviser (can’t remember his name) where investigations where ongoing.
So basically he said the discount against what everyone agrees is a higher value is because
1- the ‘ongoing’; case against the playboy adviser
2- risk of potential skeletons in the accounts that TEAM couldn't get access to.

All I can judge it on is that I believed provisions had been made already for the adviser case and I’m sure Titan would have been more aware of that, and with the money involved here, surely Titan would have gone through all their due diligence.

There is no doubt of mistrust still. The BOD’s are now in a position they have never had. Money to build. Can they use this wisely and build value? That’s where the jury is still out. Let’s hope lessons have been learnt and this does finally get to the value it has the potential to achieve.

[markgordon1] 01/8/2021 21:21

Need to apply discount for the fraud case and risk of skeletons Remember TEAM didn't trust the accounts. They wanted to lift the drains.

[red army] 01/8/2021 21:14

Only 300 percent??

[markgordon1] 01/8/2021 20:41

Can someone pick up the phone to Raymond James.We don't want to be a wallflower What was the Allenby share price target. Come on 300 per cent to go.

[quepassa] 29/7/2021 08:58

Indeed.

Fully concur.

[chrisdgb] 29/7/2021 08:16

Bid for Charles Stanley this morning highlights the ongoing trend in the sector, still massively undervalued here.....

[quepassa] 29/7/2021 06:35

Blunt.
Stupid.

Libelous.
Defamatory.

Hope anyone has good lawyers when suggesting in writing in a public forum that an FCA regulated financial services firm would put dissenting shareholder votes into the dustbin.

ALL IMO. DYOR.
QP

[russman] 28/7/2021 06:53

Maybe dissenting votes were put in the dustbin. (except for the cleaner)
The Chairman has failed to engage with shareholders concerns to date.
Despite his verbiage, the share price performance is poor & shares illiquid.
Doubtful any "institution" would add to their meagre shareholding,

[markgordon1] 24/7/2021 20:52

I am a small shareholder and not an activist professional The other problem is the board and the associated cronies What is needed is a professional If there were any institutional shareholders they would have changed the management years ago.Next we need a replacement management team.Would happily support a change

[mandarin4] 24/7/2021 20:07

If you are that fed up with them why not call an EGM, after gaining enough support, and attempt to oust them then?

[markgordon1] 24/7/2021 18:40

I am fed up with this point and counterpoint.The shares will only reflect the value of the company once the existing board including non executives are replaced.That's what the current price is telling you. The market has zero faith in the management capabilities to invest this windfall wisely.To be fair to the market past record supports this scepticism Every past acquisition has been written down in the accounts to the point of requiring court approval So much equity has been written off.No value has been earnings or equity value enhancing.I am holding in the hope someone gets to the company before the spending begins.I need a white knight. 7p will do it for me.7p was the number I believe management promised large shareholders. Or the company can use the new found cash to have a tender offer at 7p.That would be the decent thing

[quepassa] 24/7/2021 08:46

nonsense.

only 30 against.

others didn't vote. -that means they were not against the proposed resolutions.

[russman] 24/7/2021 08:30

342,376,434 shares (equivalent to 56.33% of the Company's issued share capital)
is not a balanced view.
It is autocratic.

[mandarin4] 23/7/2021 08:28

Russman never have you made a more accurate statement.

“I can only draw all investors attention to the previous”

Don’t we know it as the record never changes FFS

[mandarin4] 23/7/2021 08:26

Mam3 of course everyone is entitled to an opinion however when it’s constantly bitter and repetitive do you actually believe it contributes anything?

Are the BODS incompetent? YES.

Are they guilty of greed yes

Have they historically done a bad job yes

Do I want them replaced. Yes

Am I happy that They have sold a chunk of the bus yes

Do I wish it was a full sale yes

Am I hopeful the share price will increase past 6p within next 6 months yes

Some, mainly Russman, ought to attempt at least a balanced view instead of the utter drivel they post that just regurgitates the same spiel

[russman] 22/7/2021 18:58

I can only draw all investors' attention to previous self serving resolutions.
Some of which the current BoD decided not to pursue when opposition appeared.
I vote objectively & cynically again.

[markgordon1] 22/7/2021 12:29

The reality is the TEAM approach lifted the price from 1.5 to 1.75/3p.So the deal has added 1.5pI hold in the hope the management goes and we get professional and compliant management. We get proper non executives and market standards of accountability and governance.If the management were any good they would have got private equity backing to take the company private.They probably tried to get backing but track record would have been a red flag.So carry on, big salary, big expense account, big pension contributions, big bonus and award yourself a pile of shares for the day the shareholders get rid of you and appoint decent management.That way you enjoy the fruits of others work and without taking a risk.The share are cheap The management is expensive We know the solution and that is what I am waiting for

[chrisdgb] 22/7/2021 10:29

Remember the Allenby SOTP 14P...........

[makeamillion3] 22/7/2021 10:20

Everyone is entitled to an opinion without being sent to the naughty corner. Yes it’s a vast improvement, obviously.
But, history doesn’t lie. It’s still way below the 7.5p and the fantasy talk that was made previously.
I’d assume any prospective investors would surely do their own research as opposed to looking on a forum board…
I’m certainly not celebrating the current price. Yes, an improvement from the embarrassing 1.4p. But who put it their? Then they are proud to spout about the huge increase to 4.5p….
I’ll give them all a pat on the back at 10p and above. My opinion, I’ve spoken out about this numerous times. The BODs need challenging by outside influences rather than the yes men they surround themselves with who sign off these share options.
But, it’s certainly improved from 3/4 months ago. Now time to push on.