Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Don't think I'm all things positive and complimentary on TAVI or on the BOD TTMaB, i most certainly am not.
I feel their Lighthouse adventure was a poor call and it also concerns me that Lighthouse still have quite a stake in TAVI, particularly with them being Quilter owned now, a direct competitor of TAVI (and a much bigger proposition than TAVI).
I'd also like to see a higher profile fund management team in place and an enhanced presence of the company in financial commentaries to promote their wares.
It's my only share in a pure financial stock at the moment so i feel im gonna try and sit this one out for better days. As for me being employed by TAVI or in PR, I'm not, but i am open to any offers that might make me some money as this share certainly isn't doing it for now.
An interesting response however I prefer to base my opinion on what the management have achieved and the only true indicator is the share price during their tenure. To put it bluntly your response sounds like either a PR job or you work for the company. It’s the type of stuff, dare I say excuses, that managers have used to cover their own inadequacies for years.
The share price has fallen 80% since launch, they have had six years at the helm, quite frankly it’s appalling.
That's a fair enough question to ask TTMaB.
For a start Brian Raven has a history of success. I believe he's very clear in what he wants to achieve and also believe he can be quite ruthless to get there (not a bad thing in my eyes).
The management team have got rid off or encouraged out, the advisers who weren't profitable for the company. They appear to want bigger producing advisers and ones that utilise TAVIs own investment propositions, hence increasing their funds under management.
Introducing a fund with a high level of capital protection and still with reasonable growth potential (backed by Morgan Stanley) i feel was excellent timing with the market falls we seen. The clients in these funds will be happier than most equity investors recently.
As for the potential of FUM increasing, their Capital Protected fund I see as a very attractive option for clients. Deposit savings rates are the lowest they've ever been and customers will want other options for higher growth potential. At the same time they may not be prepared to jump into the equities arena without any protection at all.
My concern with TAVI is that although they see themselves as taking over other companies and increasing their FUMs, I see them as a takeover target themselves at some point with some of the bigger DFMs or networks.
I'd want to see quite a rise in the share price before that might happen.
All just my thoughts. It will be interesting to see how this pans out.
TTNY, I am curious why you remain positive about the management team?
Have you seen the decline of the share price since 2014? The management team are the same and during their tenure the share price has fallen 80%. Goodness knows what it would take for your to lose that positivity?
Dividends- I suppose it all depends what is in the annual results. As these are up to March 31st, I'd like to think the forward/upward trend has continued... As much of the profit is driven by FUM and recurring income, these quarterly increases should surely dictate further or accelerating profit? There was talk of cost cutting also in previous reports, so more FUM and less costs surely dictate high profit? Unless I've missed something? But then the share price has reduced continuously for years despite rising FUM, so who knows.... I never thought we would see below 4p once upon a time so 1.4p and the current market cap is hard to understand.
I'm not sure the dividend reinstatement will occur with the uncertain market conditions at the minute. I'm also not convinced the dividend announcement was anything other than for positive PR reasons and to get the stock more noticed in the AIM marketplace (as it was a very minimal dividend amount).
There's nothing wrong with positive PR and I'm all for promotion of the stock. Personally though I'd rather the dividend was brought in at a time when there was more confidence that it could be maintained for the medium to longer term, rather than started and then stopped again.
I still remain very positive on this share and the management team in place to take it forward.
All in IMHO
this could be the precursor to final results ( which are a month late compared with last years ) and maybe- reversing the decision in the April RNS not to pay dividends ????
If a positive trading update with absolutely no data provided can give a 20%+ uplift, then im looking forward to the result some actual positive data can provide.
The Protected fund certainly seems to have performed in recent times and I imagine will have caught the eye of investors. Particularly when there's the volatility and uncertainty still in equity markets this could be a very good option for cautious investors still wanting growth potential above deposit savings rates.
Fingers crossed the FUM will make good reading when released.
So it’s not the annual reports, or news of the FUM, but a positive announcement. Not sure why it isn’t showing yet on the RNS but a trading update is clearly there. Maybe the start of a positive climb..... still a long way to go, but it’s a positive step.
Onwards and upwards....