Tavistock Investments (TAVI)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 1.45p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.05
  • 52 Week Low: 1.35
  • Currency: UK Pounds
  • Shares Issued: 575.30m
  • Volume: 0
  • Market Cap: £8.34m

Tavistock Investments falls short on earnings

By Iain Gilbert

Date: Thursday 14 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Fund manager Tavistock Investments warned investors on Thursday that results for its current trading year looked set to be "lower than previously anticipated".
However, Tavistock said its results would still demonstrate "meaningful growth", leading the group to retain its stated ambition of paying a maiden dividend.

The AIM-listed outfit pointed to headwinds, in the form of Brexit uncertainties, difficult global financial market conditions and investor anxiety, as reasons for its slowed pace funds under discretionary management growth and profitability.

Tavistock did note that, unlike many of its competitors, FUM were increasing year-on-year and earnings were expected to "grow significantly" - just not to the level management had hoped.

"Great strides have been made in the development of the business during the year, with the launch of two new protected products and significant investment in the development of i-stock, the Company's D2C smartphone app," said Tavistock.

"Strategic partnerships have also been signed with Lighthouse Group and the Law Society. All of these initiatives are expected to bear fruit during the next financial year."

As of 1030 GMT, Tavistock shares had slumped 10.45% to 3p.

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TAVI Market Data

Currency UK Pounds
Share Price 1.45p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.05
52 Week Low 1.35
Volume 0
Shares Issued 575.30m
Market Cap £8.34m

TAVI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.72% above the market average33.72% above the market average33.72% above the market average33.72% above the market average33.72% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Price Trend
68.47% below the market average68.47% below the market average68.47% below the market average68.47% below the market average68.47% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income
56.35% below the market average56.35% below the market average56.35% below the market average56.35% below the market average56.35% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
14.54% below the market average14.54% below the market average14.54% below the market average14.54% below the market average14.54% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

TAVI Dividends

  Latest Previous
  Final Final
Ex-Div 27-Jun-19 n/a
Paid 12-Jul-19 n/a
Amount 0.010p 0.000p

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

TAVI Key Personnel

CEO Brian Raven

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