Tavistock Investments (TAVI)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 4.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 8.50
  • 52 Week Low: 3.75
  • Currency: UK Pounds
  • Shares Issued: 560.43m
  • Volume: 2,050,572
  • Market Cap: £23.82m

Tavistock sells Hummingbird to LEBC subsidiary

By Josh White

Date: Thursday 01 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Tavistock Investments has sold LEBC Hummingbird to a wholly-owned subsidiary of LEBC Holdings, Aspira Corporate Solutions, it announced on Thursday, for £3m.
The AIM-traded firm had said on 3 May that it received consent from the Financial Conduct Authority to become a controller of LEBC, and that as a result, it had completed the purchase of 21% of LEBC which was initially announced on 10 January.

In its accounts for the year ended 31 March, released on 26 September, Tavistock's board said it was working with the management of LEBC to maximise the value of the investment for the benefit of both sets of shareholders.

"As a part of the arrangements, Tavistock agreed to acquire Hummingbird from LEBC Group, a wholly owned subsidiary of LEBC, primarily to provide that company with additional working capital, and this transaction was announced on 23 May," the board said in its statement.

"However, as an alternative source of working capital was subsequently identified for LEBC Group, Tavistock agreed to sell Hummingbird to Aspira on the same terms as those on which it had been purchased in May."

Hummingbird started trading in 2020 as a provider of financial research for the LEBC Group.

Its audited accounts for the year ended 30 September 2021 showed gross revenues of £0.61m, profit before tax of £0.43m, and gross assets of £0.13m as at 30 September.

"Tavistock has received approximately six months contribution from Hummingbird to the group's results for the year ending 31 March 2023."

At 1110 GMT, shares in Tavistock Investments were up 3.63% at 7.9p.

Reporting by Josh White for Sharecast.com.

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TAVI Market Data

Currency UK Pounds
Share Price 4.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 8.50
52 Week Low 3.75
Volume 2,050,572
Shares Issued 560.43m
Market Cap £23.82m

TAVI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.81% above the market average23.81% above the market average23.81% above the market average23.81% above the market average23.81% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Price Trend
38.51% below the market average38.51% below the market average38.51% below the market average38.51% below the market average38.51% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
88.65% below the market average88.65% below the market average88.65% below the market average88.65% below the market average88.65% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
59.74% above the market average59.74% above the market average59.74% above the market average59.74% above the market average59.74% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

TAVI Dividends

  Latest Previous
  Interim Interim
Ex-Div 30-Nov-23 07-Jul-22
Paid 15-Dec-23 22-Jul-22
Amount 0.070p 0.070p

Trades for 28-Mar-2024

Time Volume / Share Price
13:48 980,000 @ 4.00p
13:48 980,000 @ 4.00p
15:40 33 @ 4.50p
15:26 46,948 @ 4.31p
13:24 7,500 @ 4.31p

TAVI Key Personnel

Chair Oliver Charles Cooke
CEO Brian Raven

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