Brian Raven, group chief executive at Tavistock Investments PLC (LON:TAVI), talks to Proactive Investors about the group's performance over the past financial year, with progress registered by every subsidiary business as they became more profitable.
Raven says the group's "extremely fussy" acquisition strategy is an endorsement of its ability to "pick winners rather than losers" after acquisitions boosted the group's second half performance.
Raven says recent acquisition Abacus is a "well-run" business providing lots of synergies. He expects increased profits from Abacus during the current financial year which will also help group performance.
He says the company is "significantly undervalued" compared to peers. His long-term growth plans include building the asset management business Tavistock Wealth and move the funds under management "north of a billion" very quickly and targets £5 billion under influence by the end of next year.