Tavistock Investments (TAVI)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

8.90p
   
  • Change Today:
    -0.60p
  • 52 Week High: 10.00
  • 52 Week Low: 3.70
  • Currency: UK Pounds
  • Shares Issued: 558.38m
  • Volume: 1,443,673
  • Market Cap: £49.70m

Four more Tavistock shareholders set to reject TEAM takeover

By Alexander Bueso

Date: Thursday 15 Apr 2021

LONDON (ShareCast) - (Sharecast News) - The board of Tavistock reiterated its intention to reject a possible all-share takeover offer from rival TEAM at the proposed price.
It also announced that four more shareholders had expressed their intention to vote against the proposal.

Combined, shareholders representing 42.41% of the firm's issued share capital had now stated their intention to do the same, the firm said in a statement, while also showing support for the current management team.

In their opinion, the approach from TEAM "significantly" undervalued the business and there was no commercial logic that might justify a tie-up.

They also took issue with the all-paper nature of the proposal, "particularly one made using illiquid shares".

Those four more shareholders who had sent letters to the board rejecting the transaction were Neil Thomas, Kathryn McKimmie, John McKimmie and the estate of Alan Raven.

Up until 14 April, TEAM had only garnered the support of shareholders representing 15.03% of Tavistock's issued share capital.

Tavistock further noted the "strong" close to its recently-ended financial year as per its trading update issued on 8 April.

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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 8.90p
Change Today -0.60p
% Change -6.32 %
52 Week High 10.00
52 Week Low 3.70
Volume 1,443,673
Shares Issued 558.38m
Market Cap £49.70m

TAVI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.75% below the market average71.75% below the market average71.75% below the market average71.75% below the market average71.75% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Price Trend
98.63% above the market average98.63% above the market average98.63% above the market average98.63% above the market average98.63% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
27.69% below the market average27.69% below the market average27.69% below the market average27.69% below the market average27.69% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
24.2% below the market average24.2% below the market average24.2% below the market average24.2% below the market average24.2% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average

TAVI Dividends

  Latest Previous
  Interim Interim
Ex-Div 07-Jul-22 16-Sep-21
Paid 22-Jul-22 04-Oct-21
Amount 0.070p 0.050p

Trades for 16-Aug-2022

Time Volume / Share Price
16:10 111,111 @ 9.00p
16:12 22,279 @ 8.95p
15:24 11,046 @ 9.00p
15:15 533 @ 8.80p
13:59 125,000 @ 9.12p

TAVI Key Personnel

Chair Oliver Charles Cooke
CEO Brian Raven

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