Tavistock Investments Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Tavistock Investments Plc LSE:TAVI London Ordinary Share GB00BLNMLS43 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 7.50 1,702 07:44:45
Bid Price Offer Price High Price Low Price Open Price
7.00 8.00 7.50 7.50 7.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Toys Diversified 34.00 29.64 5.30 141.51 42.03
Last Trade Time Trade Type Trade Size Trade Price Currency
09:53:57 O 1,616 7.17 GBX

Tavistock Investments (TAVI) Latest News

Tavistock Investments (TAVI) Discussions and Chat

Tavistock Investments (TAVI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 15:35:007.0035124.57O
2023-05-31 15:02:137.2069,5145,005.01O
2023-05-31 11:51:287.391,610118.98O

Tavistock Investments (TAVI) Top Chat Posts

Top Posts
Posted at 10/5/2023 20:34 by alaskan2
Very quiet of late. Share price moved a little today, first time in a while. BP Marsh appreciated by a few per cent.
Posted at 13/4/2023 19:15 by countup
Exploit Tavistock's discount£7mn earnings accretive acquisitionUpskilling and cross-selling opportunitiesAim-traded Tavistock Investments (TAVI:7.85p), a UK financial services group, has announced the earnings accretive acquisition of Precise Prospect, a fast-growing insurance and protection business based in Bangor, Northern Ireland.Having sold its profitable multi-asset manager to discretionary fund manager Titan Wealth for an initial cash consideration of £20mn in August 2021, Tavistock received the first of three deferred annual cash payments of £6.7mn (1.2p a share) from Titan Wealth at the end of 2022 to boost its pro-forma net cash to about £12.3mn (2.2p a share).The board's strategy is to replace the profit contribution from its multi-asset manager by recycling its cash pile into acquisitions. Tavistock purchased a 21 per cent stake in regulated IFA group LEBC Holdings last summer, the £4mn deferred element of the £10mn consideration is due later this month. It still leaves the group with proforma net cash of around £8.3mn which easily funds the acquisition of Precise Prospect.MOST READTodayOPINION April 11, 2023Bust-ups at Scottish Mortgage & RBGCOMPANIES April 12, 2023Growing pains: mining stocks' big conundrumAlpha small company research April 13, 2023Dine out on a royal investment for the coronationA smart looking acquisitionThe £7mn total consideration includes the issue of £0.25mn of new shares to the vendors as well as a cash payment of £2.75mn on completion. Sensibly, the balance of £4mn is being staggered as annual cash payments over the next three years linked to the future performance of the acquired business.In the 2022 financial year, Precise Project reported pre-tax profit of £1.45mn on revenue of £6.5mn, implying a sensible purchase price of less than five times profit and 5.7 times its net assets. It has strategic importance, too. That's because Precise Project has a network of over 200 advisers who work with more than 37,000 UK clients with an average below 40, offering them a range of products including private medical insurance, income protection, life and critical illness cover.The acquisition not only boosts the group's client base by almost 50 per cent to more than 110,000 private clients and doubles its network of financial advisers, but it provides Tavistock with an opportunity to boost revenue per employee by upskilling Precise Project's mortgage and protection advisers to become IFAs through the group's academy. Tavistock's fast-growing advisory business, which increased its cash profit contribution by 56 per cent to £1.4mn on revenue of £16.6mn in the first half of the 2022/23 financial year, will also benefit from financial advice leads generated from Precise Projects client base. There is scope to make cost savings in software, systems and regulatory oversight, too.Exploiting hidden valueAlthough Tavistock's share price has doubled since I included the shares in my 2022 Bargain Shares Portfolio, there is still material hidden value on offer in the £43.4mn market capitalisation company.After settling the LEBC deferred consideration and the initial payments on the Precise Project acquisition, proforma net cash should be around £5.5mn (1p a share) and that excludes £13.3mn (2.4p) cash payments due from Titan Wealth at the end of 2023 and 2024. In addition, the investments in Precise Project and LEBC are worth £13mn (2.3p).This means that the group's advisory business is effectively in the price for £11.6mn (2.1p), or less than three times the £4.1mn annual cash profit the unit reported in the 2021/22 financial year. As a standalone entity it could be worth five or six times that sum to support sum-of-the-parts valuations more than double the current share price. Buy
Posted at 03/3/2023 08:56 by russman
TAVI have missed the boat with their acquisition strategy.
About time TAVI communicated Plan B.

Posted at 28/2/2023 19:46 by mandarin4
Russman take your meds. Disgruntled ex employees who posts nothing but BS. You’ve sold your shares for peanuts and now peed off at the share price now. Why are you even on here ?
Posted at 25/1/2023 13:48 by davydoo
I am nervous about this. Is my understanding correct?

Titan buy the investment management arm from Tavistock
Tavistock spend some of the sales proceeds buying a share of LEBC
LEBC appoint Titan to manage their investments
Tavistock are still in an earnout with Titan dependent on their performance.

And someone at LEBC decided this was best for their clients? hmmm

Posted at 09/1/2023 10:50 by makeamillion3
Unfortunately though QP, there appears to be only you wondering what one thinks the future holds for oneself and one’s business.
meanwhile, I for one, wonder what you are on about and wish they just bought Tavi instead and one may finally get a return on ones long stressful and annoying invest and get some money in ones account.

One can only wonder what the management have been doing for the last 10 years.

Ps, a clever tip/spin for you. If/when the share price jumps back up again, used todays price as a reference and celebrate how fantastic it is again within a short time period, and quote the double digit growth again. Usually does the trick and keeps people happy for another few months…
‘DOOR’ (Do one’s own research)
AIOO (All in one’s opinion)

Posted at 26/9/2022 10:28 by quepassa
Allenby Capital.

Updated Company Note on Tavistock Investments issued today.

Citing their Transformational Year , Allenby comment that:-

"With up to another £20m of disposal proceeds to be received over the next three years the Company is in rude financial health and we expect additional acquisitions to further accelerate growth."

Allenby Capital increase their Sum of Parts Valuation by near 10% for Tavistock from last December's 16p to 17.3p per share - which is significantly above today's share price of 8p.

Some sector headwinds which all appear to be well-provisioned but with year-end cash resources of £15m, a committed growth strategy and another £20million to be received from undoubted Titan Wealth, Tavistock Investments continues to look very compelling.


Posted at 12/7/2022 09:28 by quepassa
"Maybe if the BoD explained their valuation; TAVI could be better understood"

Sum of Parts Valuation.

One is referred to the Allenby Capital Research Note dated 6/12/21 which gives a detailed explanation of the break-down of the Sum of Parts Valuation for Tavistock.

Allenby gave a revised S.O.P. valuation of 16p as at that date.

Allenby's Research Note can readily be found on their website.

One trusts that Allenby will provide an Update shortly after the Preliminary Final Results have been released by burgeoning Tavistock Investments scheduled for mid-September.

It would not surprise me if there were perhaps a further positive change in any S.O.P. Valuation for Tavistock Investments at that time.

It is interesting to compare the current share price of Tavistock with Allenby's latest S.O.P. valuation.

The market would appear now to be waking up fast to this disparity.


Posted at 23/5/2022 17:23 by quepassa
Excellent to see such a strong close today for Tavistock with the share price moving ahead by some 7%.

I am sure that all bona-fide shareholders will be delighted to see such a positive share price movement today.

After all, what shareholder in their right mind doesn't like to see a share price increasing!

With more to come.

Much more.


Posted at 17/2/2022 20:53 by smithie6

Free shares to the 2 exec. dirs.

On 31st July 2016.

21 million shares each.

At the time there were 363+22 million shares = 385 million

The 2 dirs. had G shares, convertible to 10% of the company, including the new shares. Without any performance conditions that are visible.

That is about 42.5 million shares, 21 million shares to each of the exec. dirs. to give a new number of shares of
~427 million shares.

This information is imo very difficult to deduce.

The information has been "intentionally" hidden imo by these directors. And no perf. conditions are revealed, all very opaque.


Despite getting 10% of the company for free in July 2016 these 2 exec dirs. have managed to get themselves another option for 70 million shares (40+30) @ 5.25p
~10% of the company, including these new shares

exercisable immediately it appears ('if' the AGM for the year to March 2022 approves the report of the renumeration committee, ie. these 70 million options).

There is another ~9% of share options for other staff. With no performance conditions.
10% (free, 31st July 2016) + ~10% @ 5.25p for these 2 directors (if approved at the next AGM + ~9% for staff

=29% !!



In return the company has effectively paid no dividends since it started in 2013-4.
And the share price is below the price of 7.5p/share that was paid for many new shares when issued.
They demand/take reward for high performance but are careful to avoid any perf. conditions on any options !!

And the share price has gone no where !!

Option price of 5.25p. Shameful !!
They already took 10% of the company for free. They should now show growth in the share price for any new reward. Many shares have been issued at 7.5p.
The exercise price should be higher.
eg. 10p.
If they claim they are stars & deserve their combined £750k/year pay then let us see it in the company results. And then 10p exercise price will be easy & they shouldn't complain.


I can see why 2 big shareholders refused to agree to the new option plan.

S6. :-)

Tavistock Investments share price data is direct from the London Stock Exchange
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