Tavistock Investments (TAVI)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 1.45p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.25
  • 52 Week Low: 1.30
  • Currency: UK Pounds
  • Shares Issued: 607.80m
  • Volume: 15,122
  • Market Cap: £8.81m

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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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TAVI Market Data

Currency UK Pounds
Share Price 1.45p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.25
52 Week Low 1.30
Volume 15,122
Shares Issued 607.80m
Market Cap £8.81m

TAVI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.10% above the market average29.10% above the market average29.10% above the market average29.10% above the market average29.10% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Price Trend
69.68% below the market average69.68% below the market average69.68% below the market average69.68% below the market average69.68% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
2.06% below the market average2.06% below the market average2.06% below the market average2.06% below the market average2.06% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% 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 30-Nov-2020

Time Volume / Share Price
09:25 4,789 @ 1.30p
09:24 4,653 @ 1.30p
09:03 5,680 @ 1.55p

TAVI Key Personnel

CEO Brian Raven

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