Investments and investor services
Team PLC goes directly to Tavistock's shareholders after takeover talks rebuffed
Tavistock Investment said it would not engage with Team nor provide access to due diligence materials
Company
LON:TAVI
Tavistock Investments PLC is a UK wide financial services group dedicated to providing institutional quality investment services to private investors of any wealth. The group has separate advisory and asset management businesses. Tavistock Asset Management manages over £1.2bn on behalf of clients through a competitively priced and wide-ranging Investment Toolkit. Its advisory businesses provide compliance, administration, and accounting services to independent financial advisers.
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Investments and investor services
Tavistock Investment said it would not engage with Team nor provide access to due diligence materials
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A glance at some of the day's highlights from the Proactive Investors newswire
In a wide-ranging update, the company said its growth strategy remained intact
The fund management firm managed to grow profits despite a small decline in gross revenues
The meetings will be held at 11.00 am on Wednesday, September 23
Funds under management had risen by 6% to £1bn at end-March, 2020, while underlying profits jumped 24%
"I would anticipate new advisory business levels will return to normal in the next three months," says chief executive Brian Raven
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
“The performance of the ACUMEN Protection Portfolios has been exceptional, underpinning the profitability of the group's investment management business,” said chief executive Brian Raven
“Market turbulence is far from over and a potentially very deep recession lies ahead"
Of the 32.5mln shares issued at 2p each, 30mln were bought Hugh Simon, giving him a stake of just under 5%
Underlying profits [EBITDA] rose 95% to £1mln, while gross revenues picked up 2% to £14.3mln.
The company also agreed a new £630,000 loan facility to be provided by two of its directors and its chief investment officer to shore up its capital position
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A look at some of the top risers and fallers in London today
The AIM-listed financial services group reported a maiden pre-tax profit of £221,000, while underlying earnings (EBITDA) jumped 132% to £894,000 from £384,000 in 2017
The UK index of leading shares closed almost 84 points higher at 7,621..
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Friday
The top-share index rallied in the afternoon session to close at 7,164, up 24 points on the day