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Whatsisname (TAVI)     

hangon - 28 May 2015 17:36

What's in a name? - I thought this might be a sensible west-country finance co with feet firmly on the ground, yet I find they were formally ( DYOR), Bright Things and something else as well...so maybe Tavistock is a matter of picking names off a map?

I note the sp rose from zero to about 7-8p and than fell to current levels 2.5p a few months ago ... perhaps Tavistock was "Twinned" with some rogue foreign region and UK-investors got frightened. Maybe it was massive selling to make a quick buck...?
Such stock movements strike me as pump/dump, although it could have been much greater..... does anyone here have any interest in this business?

Are they actually nvested in something that might grow - ie not rise with tide ( difficult in Tavistock, unless my map's out of date).
EDIT(11May2016)- Thanks Stan..."Co is in Bracknell..." Now I get it...it's a fun-play on the EPIC and "Stock=Equities" . . . something that Mgmnt must find very amusing as they take their Salaries+Bonus for spending mostly other folks monies...if they follow the usual AIM pattern..... Currently 5.5p

kimoldfield - 10 May 2016 09:11 - 2 of 4


A good trading update. TAVI sees FY results ahead of market views.

Tavistock Investments said its recent acquisition of Abacus will significantly enhance the Group's performance in the current financial year and the Board remains committed to the introduction of a dividend stream for the benefit of shareholders within the next 12 months.

"To ensure the availability of sufficient distributable reserves to pay dividends, the Board plans to begin the Court process of offsetting accumulated losses (principally attributable to the historic discontinued SocialGo business) against the credit balance on the share premium account," it said in a statement.

It now has assets under influence of an estimated GBP4bn, and assets under management, whether discretionary or advisory, of more than GBP430m.

About 75% of the Group's net revenues are represented by recurring income, future performance has become significantly more predictable.

CEO Brian Raven commented:

"We have made remarkable progress in the two short years since completing our initial transactions, and this would not have been possible without our exceptional management and staff.

"With more than £9 million of net assets, including cash resources of over £3 million, we are well positioned to capitalise on the opportunities available to us. We look forward to the continuation of our rapid progress in the year ahead."

Read the full RNS

Stan - 10 May 2016 21:48 - 3 of 4

Called Tavistock, based in Bracknell (so no where near Devon) and trade on the AIM market = File under avoid for me.

kimoldfield - 11 May 2016 08:05 - 4 of 4

Aw, c'mon Stan, where's your sense of adventure?! 😀 There are some AIM companies which are not bent, TAVI might be one of them and may even pay a dividend. Allegedly! 😊
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