Tavistock Investments Share Discussion Threads

[russman] 13/9/2021 19:00

A simple majority of votes cast for any resolution; except special which is 75%.

[markgordon1] 13/9/2021 16:32

The dividend is peanuts Derisory Almost may as not pay it Mine is gbp50Gutted

[digger2779] 13/9/2021 16:23

mandarin4 - maybe not but the dividend may act as a sweetener.

[mandarin4] 13/9/2021 15:55

Digger do you think that all those shareholders would vote with the board though. The directors deal got voted down so at least some of them must be unhappy.

[markgordon1] 13/9/2021 13:59

Like I wrote It is just a protest Red army

[digger2779] 13/9/2021 13:42

If you manage to vote out Raven he would probably start selling some of his 11% just to teach you a lesson. Don't think you will be able to though as they will call upon their chums to vote in favour.
Name Number % of
of Ordinary Shares
Shares
Brian Raven 68,759,362 11.31%
Andrew Staley 55,953,204 9.21%
Lighthouse Group
Plc 30,487,805 5.02%
Oliver Cooke 30,367,756 5.00%
Christopher Peel 30,035,277 4.94%
Hugh Simon 30,000,000 4.94%
Helium Rising
Stars 29,398,378 4.84%
Kevin Mee 27,930,050 4.59%
Paul Millott 26,902,417 4.43%
55% of the company is owned by the above. There are of course others owning under 3% so don't appear on that list.
Best you can do is vote against to show that you disapprove but I suppose it will be like water off a ducks back.
I now await my red vote lol.

[markgordon1] 13/9/2021 13:31

It is a protest like the M25 this morning

[mandarin4] 13/9/2021 13:14

Someone is busy voting all posts down. Resolutions 1,2 & 3 needs shareholder support but does anyone know what percentage is needed to vote them down ?

[markgordon1] 13/9/2021 12:40

I am voting against 1, 2, 3 and 77 looks very dangerous

[makeamillion3] 13/9/2021 11:42

Chris- points have been raised and concerning questions asked.
QP is just being a Pedantic idiot and this has created further resentment.
Another poor decision from a man who should know better.

[mandarin4] 13/9/2021 11:42

Those that want change see below todays RNS. Resolutions 1,2 & 3 will get some responses I imagine.

Company Number: 05066489

NOTICE OF ANNUAL GENERAL MEETING 2021
TAVISTOCK INVESTMENTS PLC
(the “Company”;)

NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at the Company’s offices at 1 Queens Square, Ascot Business Park, Lyndhurst Road, Ascot, Berkshire SL5 9FE at 11:00 a.m. on Thursday 7 October 2021, in order to consider and, if thought fit, pass resolutions 1 to 6 as Ordinary Resolutions and Resolutions 7 & 8 as Special Resolutions: -

Ordinary Resolutions
1 To re-elect Brian Raven as a Director in accordance with Article 26 of the Company’s Articles of Association.

2 To re-elect Roderic Rennison as a Director in accordance with Article 26 of the Company’s Articles of Association.

3 To re-elect Peter Dornan as a Director in accordance with Article 26 of the Company’s Articles of Association.

4 To receive, consider and adopt the Directors’ report and accounts of the Company for the year ended 31 March 2021, together with the report of the auditors.

5 To reappoint Crowe U.K. LLP of 55 Ludgate Hill, London, EC4M 7JW, as auditors and to authorise the Directors to determine their remuneration.

6 That, in accordance with section 551 of the Companies Act 2006 (the "Act") the Directors be generally and unconditionally authorised to allot ordinary shares of £0.01 each in the capital of the Company (“Shares”;) up to an aggregate nominal amount of £1,500,000, provided that this authority shall, unless renewed, varied or revoked by the Company, expire on the date which is 18 months after the date on which this resolution is passed or, if earlier, the conclusion of the next annual general meeting of the Company save that the Company may, before such expiry, make offers or agreements which would or might require Shares to be allotted and the Directors may allot Shares in pursuance of such offers or agreements notwithstanding that the authority conferred by this resolution has expired.
This resolution revokes and replaces all unexercised authorities previously granted to the Directors to allot Shares but without prejudice to any allotment of Shares or grant of rights already made, offered or agreed to be made pursuant to such authorities.


Special Resolution
7 That, subject to the passing of resolution 6, the Directors be and are hereby empowered, pursuant to section 570 of the Act, to allot equity securities, as defined by section 560 of the Act, for cash, either pursuant to the authority conferred by resolution 6 or by way of a sale of treasury shares, as if section 561(1) of the Act did not apply to any such allotment, provided that this power shall be limited to the allotment of equity securities up to an aggregate nominal amount of £1,500,000.
The power granted by this resolution will expire on the date which is 18 months after the date on which this resolution is passed or, if earlier, the conclusion of the Company's next annual general meeting (unless renewed, varied or revoked by the Company prior to or on such date) save that the Company may, before such expiry make offers or agreements which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred by this resolution has expired.
This resolution revokes and replaces all unexercised powers previously granted to the Directors to allot equity securities as if section 561(1) of the Act did not apply but without prejudice to any allotment of equity securities already made, offered or agreed to be made pursuant to such authorities.
8 To authorise the Company generally and unconditionally to make market purchases (within the meaning of section 693(4) of the Companies Act 2006) of its ordinary shares of £0.01 each provided that:
1. the maximum aggregate number of ordinary shares which may be purchased shall be such number as represents 10% of the aggregate nominal amount of the Company’s issued ordinary share capital as at the date of the passing of this resolution;
2. the minimum price (exclusive of expenses) which may be paid for any such share is its nominal value and the maximum price (exclusive of expenses) shall not be more than 5% above the average of the middle market quotations for an ordinary share (as derived from the London Stock Exchange’s Daily Official List) for the five business days immediately preceding the date on which the contract for the purchase is made; and
3. the authority will expire on the earlier of the date that is 18 months from the date on which this resolution is passed and the conclusion of the next annual general meeting, provided that before such expiry the Company may enter into any contract for the purchase of ordinary shares that would or might require a purchase to be completed after such expiry and the Company may purchase shares pursuant to any such contract as if the authority had not expired.


SHAREHOLDERS WISHING TO VOTE ON ANY OF THE MATTERS OF BUSINESS ARE STRONGLY URGED TO DO SO THROUGH COMPLETION OF A FORM OF PROXY which must be completed and submitted in accordance with the instructions thereon.

If Shareholders have any questions or comments relating to the business of the meeting that they would like to ask the Board then they are asked to submit those questions in writing via email to [e-mail] no later than 11.00am on 5 October 2021. The Board will publish a summary of any questions received which are of common interest, together with a written response on the Company’s website as soon as practicable after the conclusion of the meeting.


BY ORDER OF THE BOARD Registered Office: 1 Queens Square
Oliver Cooke Ascot Business Park
COMPANY SECRETARY Lyndhurst Road
Ascot, Berkshire SL5 9FE

Dated 13 September 2021









Notes :

1. A member who is entitled to vote at the meeting is entitled to appoint a proxy or proxies to vote instead of them. Members are urged to appoint the Chairman as the proxy, as any other appointed person may not be able to attend or participate in the meeting.

2. A form of proxy is attached.

3. To be effective, the form of proxy must be received at the offices of Share Registrars Limited, The Courtyard, 17 West Street, Farnham, Surrey GU9 7DR, not later than 2 business days before the time of the meeting or any adjournment thereof, together, if appropriate, with the power of attorney or other authority (if any) under which it is signed or a notarially certified copy of such power or, where the proxy form has been signed by an officer on behalf of a corporation, a notarially certified copy of the authority under which it is signed.

4. In the case of a joint holding, a proxy need only be signed by one joint holder. If more than one such joint holder lodges a proxy only that of the holder first on the register of members will be counted. Any alternations made to this proxy should be initialled.

5. If you submit more than one valid proxy appointment, the appointment received last before the latest time for the receipt of proxies will take precedence.

6. In the case of a corporation this proxy must be given under its common seal or be signed on its behalf by an attorney or officer duly authorised.

7. Any power of attorney or any other authority under which this proxy form is signed (or a duly certified copy of such power or authority) must be included with the proxy form.

8. Pursuant to Regulation 41 of the Uncertificated Securities Regulations 2001, the time by which a person must be entered on the register of members in order to have the right to vote at the Annual General Meeting is 11:00 pm on 5 October 2021, (being not more than 2 business days prior to the time fixed for the Meeting) or, if the Meeting is adjourned, such time being not more than 2 business days prior to the time fixed for the adjourned meeting. Changes to entries on the register of members after that time will be disregarded in determining the right of any person to attend or vote at the Meeting.

9. As at 10 September 2021 (being the latest practicable date prior to the publication of this document), the Company’s issued share capital consists of 607,795,801 Ordinary Shares of £0.01 each which each carry one vote. Therefore, the total voting rights in the Company as at 10 September 2021 are 607,795,801.

[markgordon1] 13/9/2021 11:21

I don't think it is just the ADVFN messages

[chrisdgb] 13/9/2021 11:18

Hardly surprising when there are so many knockers of the stock on this board..........

[markgordon1] 13/9/2021 10:36

Best price to sell is 4pWTF is going on

[mandarin4] 13/9/2021 09:56

Sum of all parts valuation 14p yet current price is a third of that. Oh and falling again as I type ?????

[markgordon1] 10/9/2021 17:02

White noise????????????????????????????????????)?????????????))??????????????????????????????)?)?????????))))))???))?34679952...,77? ChDYOR IMO

[quepassa] 10/9/2021 15:28

Excellent to see that Tavistock has started paying a shareholder dividend with the announcement of the latest highly encouraging results earlier this week.

A very good start for the new Corporate strategy with a great commitment to create further shareholder value and a sign of more to come as Tavistock accelerates its growth plans.

By comparison, wealth management company, AFH Financial,floated in 2011 with a market cap of just £11m and AFH was sold this summer for £240m, being 22 x original market cap, creating enormous gains for both early shareholders and management alike.

An example of what can be done in this sector.

Very good to have a highly motivated and financially incentivised senior Management Team in place who understand the value creation potential in ambitiously growing the business.


ALL IMO. DYOR.
QP

[makeamillion3] 10/9/2021 15:03

Desperation from QP
Does he actually believe this is doing any favours by acting like a pathetic, pedantic idiot.
Everything raised here are all valid.

[quepassa] 10/9/2021 15:00

Excellent to see that Tavistock has started paying a shareholder dividend with the announcement of the latest highly encouraging results earlier this week.

A very good start for the new Corporate strategy with a great commitment to create further shareholder value and a sign of more to come as Tavistock accelerates its growth plans.

By comparison, wealth management company, AFH Financial,floated in 2011 with a market cap of just £11m and AFH was sold this summer for £240m, being 22 x original market cap, creating enormous gains for both early shareholders and management alike.

An example of what can be done in this sector.

Very good to have a highly motivated and financially incentivised senior Management Team in place who understand the value creation potential in ambitiously growing the business.


ALL IMO. DYOR.
QP

[markgordon1] 10/9/2021 14:44

Do you ever read any of the posts I have had it with your copy and paste Emailed ADVFN to complain about your behaviour

[quepassa] 10/9/2021 13:48

Excellent to see that Tavistock has started paying a shareholder dividend with the announcement of the latest highly encouraging results earlier this week.

A very good start for the new Corporate strategy with a great commitment to create further shareholder value and a sign of more to come as Tavistock accelerates its growth plans.

By comparison, wealth management company, AFH Financial,floated in 2011 with a market cap of just £11m and AFH was sold this summer for £240m, being 22 x original market cap, creating enormous gains for both early shareholders and management alike.

An example of what can be done in this sector.

Very good to have a highly motivated and financially incentivised senior Management Team in place who understand the value creation potential in ambitiously growing the business.


ALL IMO. DYOR.
QP

[markgordon1] 10/9/2021 13:39

Without court approval of write down they could not issue sharesThey also knew they could not raise cash from existing shareholders Therefore stuck.Answer....sell the family silver (acumen) and carry on taking the money. Gbp300,000 plus each for just this year.It would take me 5 years to earn that.And I am trying to recover my losses from investing in this badly managed company. The results tell all.So QP, whoever you are DYORYou probably can afford the loss on your investment You can probably afford to average down. Down being the apt word.Anyone would be better than this expensive circus.

[markgordon1] 10/9/2021 13:31

Legacy It is the same management as 2014Exactly the same executives The legacy is their own legacy The burden their own burden The mess, the write downs theirsThe acquisitions they wrote down by not less than 50% wiped shareholders out They made those acquisitions I think unburdened means court approval of write down means they can issue more shares Without thacash because wkn

[quepassa] 10/9/2021 13:07

Freed of past burdensome and detracting legacy since the summer restructuring in 2020, Tavistock's new corporate strategy is already showing a great deal of impressive early results and compelling future promise.