All positive24 Dec 2016 22:45
iness performed solidly in what were turbulent times on the financial markets.
The first-half figures revealed the company swung from a loss a year ago to an operating profit of £109,000 on revenues up 6% at £16.9mln. It had cash at the period end of £3.8mln.
Funds under management more than doubled to £690mln, with £540mln managed on a discretionary basis.
Tavistock Wealth, the investment arm, was buffeted by Brexit, the collapse of sterling, Trump and the sell-off in the bond market, but remained profitable. Clients, meanwhile, benefited from Tavistock’s canny management of their money.
Growth in the coming months will be achieved via a mix of well-judged acquisitions and getting the most from what it currently owns or has recently bought, the company said.
Tavistock has always said it wants to start paying a dividend as soon as is financially practicable.
“In light of the heavy investment on recruitment and external business development, the earliest opportunity would now appear to be during the next financial year,” said chairman Oliver Cooke.
Share
Ian_55ae0ddd437b7.jpg
Ian Lyall
WHY INVEST IN TAVISTOCK INVESTMENTS? READ MORE HERE
REGISTER HERE TO BE NOTIFIED OF FUTURE TAVI COMPANY ARTICLES
TAVISTOCK INVESTMENTS
Market: AIM
EPIC: TAVI
Market Cap: 14.61M
Latest Price: 3.00p (7.14% Ascending)
52-week H/L: 7.75p / 2.80p
Sector: Tech
1day
1year
2015Dec
2016Jun
2016Dec
3
5
8
10
VIEW FULL TAVI PROFILE
TAVISTOCK INVESTMENTS TIMELINE
VIDEO
November 23 2016
PRICE BAILEY OPPORTUNITY 'TOO GOOD TO MISS' SAYS TAVISTOCK'S RAVEN
NEWSWIRE
November 23 2016
TAVISTOCK TO RAISE MONEY AS IT EYES UP FINANCIAL ADVISORY FIRM
VIDEO
October 27 2016
UK GOVERNMENT BONDS 'FACING THEIR DAY OF RECKONING', SAYS TAVISTOCK'S CHRISTOPHER PEEL
VIDEO
July 12 2016
THE FUTURE IS ABOUT ORGANIC GROWTH AT TAVISTOCK INVESTMENTS
ARTICLE
July 05 2016
TAVISTOCK INVESTMENTS SURGES AS IT MOVES INTO THE BLACK
BIG PICTURE
May 31 2016
TAVISTOCK INV: CAUTIOUS? CONSERVATIVE? YEAH, BUT EXCITING TOO!
VIDEO
May 19 2016
TAVISTOCK INVESTMENTS: "EXTREMELY FUSSY" ACQUISITION STRATEGY DRIVING PERFORMANCE
NEWSWIRE
March 14 2012
SOCIALGO REDUCED LOSSES IN 2011; LAUNCHES MAJOR FACEBOOK UPDATE FOR V2 TODAY
NEWSWIRE
March 13 2012
SOCIALGO SAYS NO REASONS FOR SHARE SURGE
ARTICLE
February 10 2012
SOCIALGO CHAIRMAN SAYS SOCIAL NETWORKING TRENDS ARE VERY HEARTENING
VIEW ALL
RELATED ARTICLES
the word wealth seen through the lens of a pair of spectacles.
TAVISTOCK INV: CAUTIOUS? CONSERVATIVE? YEAH, BUT EXCITING TOO!
May 31 2016
The company is gaining critical mass purchasing independent financial advisers and then plugging them into its discretionary fund management operation.
financialanalysis.jpg
BE HEARD AN 'AGILE COMPETITOR' TO BIG BOYS OF DIGITAL MARKETING
December 07 2016
Buy-and-build: Be Heard plans to build a mid-sized network that combines scale, expertis