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Fantastic RNS !
At last some positive news here. The acquisition will in time prove its worth I am sure. Like so many other small caps there is not much cheer and at times like this and you need patience and liquidity to be able to wait for better economic times which will come around again - it always does.
Great RNS, should see a positive response from the SP to this.
GLA
Looks like another 0.07 p div ? No mention of dates ?
Why do i still login here daily hoping to see an RNS of an update on where we are ?
I still do it though and i'm hoping for some news soon (and hopefully positive news at that)
Well, this doesn't look good...
21-Aug-23 13:58:28 5.502 1,779,315 Sell* 5.50 6.50 97.90k O
21-Aug-23 13:58:18 5.50 1,779,315 Sell* 5.50 6.50 97.86k O
Perhaps general negativity re UK economy read through has made some nervous here. However, the directors' purchases at prices higher than 8p should give some confidence. Patience and strong nerves needed to hold on but long term should work out ok IMHO.
A trading update would be nice to see how the latest acquisition is going. Problem with AIM shares, in particular, is the low volume. We’ve had a couple £10k sells this week which puts downward pressure on the share price. Again though, the board ought to release a RNS at some stage to reassure investors.
Yes that is correct but they issued a trading update end of June last year as MoneyH pointed out so reasonable to expect a trading update by now.
So the investment guru has twice stated this share is undervalued yet plummeting once again. The board gave assurances that they were highly focused on 'shareholder value' but it appears they have forgot that statement !!!
According to Stockopedia full year results won't be published until 25th September, hope they are wrong!!
GLA
Still no trading update! Let’s hope that the latest acquisition will have a positive effect on the price as this is all very dull.
Trading update last year was on Monday 27th June, so here's hoping the trading update is released on Monday 3rd July.
Year end results must be due very soon . dividend ?
Updated yesterday.
https://www.investorschronicle.co.uk/ideas/2023/04/13/two-valuation-anomalies-that-are-worth-exploiting/
GLA
It looks a great deal for both Tavistock and Precise Protect, in terms of selling each others products. Need to train the PP agents up to IFA level. Looking forward now to updates over the next year.
Looks like a cracking deal announced today. Strange market cap
From Dec20 Interims.
<--- Investigating acquisition opportunities and exploring different financing options, as well as the wider development of the business, is a time-consuming process involving occasional dead ends at the due diligence stage. However, the Company is currently engaged in discussions with several well qualified acquisition targets, which it is well positioned to pursue. The Company's cash resources have been bolstered by the recent receipt of the first of three deferred consideration payments from Titan and further strengthened by an offer from the Bank of Ireland to provide a facility of up to £20 million to assist with its acquisition strategy. --->
It would not make sense to make an interim payment now if that means borrowing extra from The Bank Of Ireland. Am happy to be patient and let Tavistock find a suitable opportunity for expansion.
Taken a starter position here. Looks materially undervalued
Almost half of the issued shares are with loyal investors as per company disclosure and remaining half are also not much as relatively very small number of shares in the market. Given that, I don't understand who is selling these shares at such a low price as these share should ne in very short supply and buying from any serious shareholder of say even million or so shares can easily push price by 10%-20%.
On a separate note I am at a lost to understand that why no interim dividend was proposed by management with interim result in December , whereas they keep saying that they are keen to grow dividend stream.
It will be a couple of years but not a bad return. I assume the revenues will be maintained for the hived off Tavistock Wealth - that is the requirement for the subsequent sums being paid end of 2023 and 2024.
The sum of the parts valuation of the company is £100M which equates to 18p per share (as quoted), you can buy at just under 9p currently so good oppurtunity to double your money
Wondering the same - did I miss something. Wish I had invested more here but still a profit is a profit. If only all my shares could show the same return!!
Loads of buying going on. What have I missed with this blue book?
Been tipped as fantastic value as sp should be 18p.
(thanks to post from quepassa elsewhere)