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: 1.35
  • Currency: UK Pounds
  • Shares Issued: 607.80m
  • Volume: 319,225
  • Market Cap: £8.81m

Tavistock secures loan from directors, trades in line with expectations

By Iain Gilbert

Date: Friday 27 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Wealth management firm Tavistock Investments said on Friday that it had secured a loan from chief investment officer Christopher Peel and two other directors as it looks to meet increased regulatory capital requirements.
Tavistock's £630,000 loan facility can be drawn down at any point over the next twelve months and comes with a facility fee of 5% of the funds committed and an interest rate of 10% of the amount drawn down upon.

The AIM-listed group also said the loan came with a non-utilisation fee of 3% of funds committed but not drawn down, payable on 30 September 2020.

Tavistock said it opted for the loan as it considered that raising capital via a share issue would be unduly dilutive for shareholders.

In terms of recent trading, Tavistock said it was in line with market expectations despite challenging market conditions caused by political instability, anxieties over Brexit outcomes and international trade disputes.

"It is impossible to determine how much more challenging conditions may become over the short term and any potential impact on the company's future trading before more normal conditions return," the group said.

As of 1025 BST, Tavistock shares had slumped 5.88% to 2.02p.

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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 1.35
Volume 319,225
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 27-Nov-2020

Time Volume / Share Price
16:28 100,000 @ 1.50p
10:47 142,454 @ 1.55p
10:27 63,807 @ 1.55p
10:11 12,964 @ 1.55p

TAVI Key Personnel

CEO Brian Raven

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