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The spread certainly is not there to encourage anyone to buy. And, given the recent share price, it's hard to fathom why people are eager to sell at this price. I'm all tapped out until next month as I dipped a toe in another share, so no more top ups for a week or so. I will have to be patient.
Yeah the spread doesn’t help at times does it? Big percentage again. Still I’m happy buying at anything around 3p now.
3.07 to buy �10,000 worth on Hargreaves 15 minutes ago and 2.85 to sell same amount. Bargain now and feel a further top up is due !! Wish the spread was smaller though
I was only trying to buy a few hundred quid and the quote was 3.03. When I pressed confirm it then said trade failed. I’ve never had a issue buying before. I have often got a quote to sell the lot (just out of interest) and always get a far lower price.... just tried again and missed the 4.30 cut off!
Just curious as to what price you are being qouted. As I topped up earlier at around 3.02
I'm with barclays, but had no problem buying or selling. Which, in itself is interesting (to me, anyway) as historically, tavistock has always been a bit hard to sell when volume is poor. But can offload all mine in one..........not that I would
Been trying to top up today in SVS platform but keep getting ‘trade failed’. Tried at 3 different occasions now... any else had this?
It was scheduled for the 14th, so I wonder if we will hear something soon
Looks like it. I did try to get another 1.5ks worth, but the ask moved up to 3.20. Will wait and see what happens with the sp tomorrow before I try again.
Same as the �5,090 one yesterday, obviously a buy looking at the price.
Managed a top up today, shown as a sell. The share price info here is dreadful
On the company website it shows holders of shares over 4% - this list totals aprox 56% of total shares allocated - I would say an additional 20% portion is also held by the staff and advisors in Tavistock employment - All of these people are moving the company forward and have an interest in share price long term - I would like a divi some time this year fingers crossed- in the mean time will do a few top ups while sp low
I can, very much, echo that post. Followed a few oilers with limited success. One in particular burnt me more than once.......more fool me. But, I was a dreamer with visions of retiring by 40. I seem to be fairing much better with companies that actual have a product/service and are already producing or have sales. I still have a few years left before I hit 40, so it can still happen. But my approach is much more sensible these days, and that's what appeals to me about tavistock. They appear to be a sound investment, backed by solid revenue growth with exponential growth in profit, expected going forward. Will look to add today if the sp stays at this level
So why am I in this share. I, like Cheshiredentist, was made aware of this company around 3 years ago and have built a healthy stake. I have been bitten a few times on AIM, due to investing in companies that were/are digging a hole in the ground and 'hoping' there is Oil, Diamonds, Gold etc but most produce nothing but cabbages. These companies promise so much but after many years most produce no profit to the investor as they have no income/cash flow and keep diluting to cover costs or fold and you lose all you dosh. The sector Tavistock are in produces 'regular' monthly fees from their clients and looking at the funds under management AND the projections will increase massively. So ongoing income stream, dividend announced in next 12 months (Hopefully) should see the share price rocket.
Even if dividends were not to happen anytime soon, we are definitely in a much better position than this time last year, yet the sp does not reflect this. So, either way, in my opinion the current sp represents a bit of a bargain.
I'm hopeful for it to happen in the not-so-distant future. Recent large transactions and snippets from the interim results seem to point to the increasing likelihood of it happening. That, plus the actions taken to make it possible. Below are a few snippets from the interim that make me hopeful. FINANCIAL HIGHLIGHTS � -������ 130% increase in discretionary FUM to �745m -������ 40% increase in ongoing business revenues to �12.4m -������ 426% increase in reported EBITDA to �137,000 -������ 23% increase in net assets to �18.3m Future Prospects � The Company has made great strides over the last three years. Its business model is now firmly established and its prospects are excellent. � It is anticipated that with continued organic growth, the EBITDA contribution from the Group's advisory businesses will become sufficient to cover all of the Group's operating costs. The Group's profitability will then be directly linked to the profitability of its investment management business. � The Group's investment management business has a relatively fixed overhead base and, as a consequence, the revenue resulting from increased levels of FUM has a direct impact on Group profitability. � The Company enjoys a high retention rate of FUM. Similarly, it enjoys a high level of recurring income within its advisory businesses. This combination gives the business a very high degree of revenue visibility. � Given this visibility, and because the Group is making rapid progress, it is useful to illustrate the potential profitability of the business model. For example, if the FUM managed by Tavistock Wealth were to increase to �1.5 billion and the continuing Group's underlying cost base were to remain unchanged, the EBITDA produced on an annualised basis would be over �5 million. �
Dividend would be nice !!!!!, Not holding my breath for one.
Hi cheshire dentist and tryingtomakeabit, It would be nice if that was the case, and given that they have options at around 5.2p, it would seem prudent to help stabilise the share price and move it up. And that would go a long way in doing so. The problem I see that we have, is that there is little interest here, so it moves slowly. This is in part, due to the nature of the sector we are in. What is needed is for us to reach our targeted FUM, the sp to react accordingly and for dividends to be announced......nothing too demanding. And going by recent progress, it is possible if the recent trend continues. I'm not sure how likely that is, but my guess would be that it is likely this year, if not next. Going by the fact that they are positioning themselves to be able to pay dividends, im hopeful it will be this year. Once they do get into a position to start paying dividends, interest should grow here quite quickly, so it's best to be in a position where you are not having to pay a premium........ I guess I have also just talked myself into topping up. Will try to add by the end of next week.
Hi gents- I was recommended to Tavi about 2 years ago and managed to accrue a good holding in my ISAs- I wish you all good luck ! I reckon there's only about 45% of the shares that aren't held by the directors- so I'd love to hear people's thoughts about potential divs and future share price - thanks in advance
Thinking more about the big sell its not shown anywhere so must be a 'private' arrangement. Then got me thinking that there cant be that many holding that amount apart from directors or the owners of the companies Tavi has bought. Mr Harper has got a good deal I think and maybe the BOD did a deal to stop the constant trickle of sells which has been holding us back. Hopefully with a large seller out of the way the time has come to see this share hit the heights I feel certain it will. Definitely has the potential to explode upward and think with the right news, so many shares in few hands, meaning they will be hard to source when peeps click on to this share and want to buy, this could go real big real quick. Well talked myself into it they are too cheap not to have another sneaky top up !!!!!!!!!!!!!!!!!
Haha, thanks, you are a charitable soul. I reckon you may well be right, in regards to the 5.4m, seems like solid logic and I imagine that wouldn't be too hard to arrange. I think tavistock has made some substantial progress the last year and coupled with the intention to look to pay dividends when the bod decide it's appropriate, it seems like now is the time to be topping up. The rest is a waiting game.
Been watching from side lines and never usually post but felt sorry for you talking to yourself. Been buying these for 12 months or so at various price points and agree with you about coming good soon. Like all AIM stock seems we have to wait for news so hopefully High court OK next then results around June/July. The massive purchase at 2.5p seems bizarre, as not showing anywhere apart from the RNS, so traded privately ??? Is that possible??? There was an ex director dumping a load of shares who went below 3%, maybe he did a deal
Can't agree more. Seems somewhat unfair that someone can purchase that many shares and (if they so choose) realise am immediate profit. Whereas we have to purchase at the ask and be held subject to the spread. That aside, this will be tavistocks year......i just know it
Massively agree with both your sentiments here although I find it incredibly fraustrating when somebody can buy in at 2.5 yet at the same time I’m quoted 3.4? How does that work. No mention of options so how were they purchased so cheaply for such an amount? Have I missed something? Was there a sale on? I’m a small investor and these deals annoys me so god knows what the bigger investors must think.
That's good to hear. I've been in here for about a year and this has to be the quietest board I've ever visited. I am hoping that we will start to see some decent news arrive. Funds allowing, I'm hoping to add a bit more next week, if it stays around this price. I am assuming that court approval is merely a formality. I guess we will find out soon enough. But if granted, I can only imagine it having a positive impact to the sp, so I want to be as loaded up as I can financially be in preparation for any potential divis. Looking at some of the money coming in recently, I don't imagine I am alone