viewTavistock Investments PLC

Tavistock Investments profits to soar after first half that 'couldn't have gone much better'

Brian Raven

Brian Raven, fund manager Tavistock Investments PLC's (LON:TAVI) chief executive, says the growing momentum in their discretionary funds business can see profits jump to £5mln in the not too distant future.

Tavistock swung into profit in the first half and has forecast more to come as funds under its management more than doubled. The launch of three new funds under its Acumen brand helped the amount under management rise by 130% to £745mln.

Revenues in the discretionary business, which fully manages investors’ money, was £1.52mln in the six months compared to £1.66mln for the whole of the previous year.


Quick facts: Tavistock Investments PLC

Price: 2.05 GBX

Market: AIM
Market Cap: £11.79 m

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Tavistock Investments 'demonstrating rapid growth' as it announces maiden...

Tavistock Investments PLC (LON:TAVI) CEO Brian Raven tells Proactive London's Andrew Scott the year to March 2019 was a very successful period for them in terms of continued growth. ''EBITDA's doubled which is part of the story we've been explaining for the past several years - as funds...

on 15/5/19

2 min read