Tavistock Investments (TAVI)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

10.00p
   
  • Change Today:
      0.75p
  • 52 Week High: 10.35
  • 52 Week Low: 3.70
  • Currency: UK Pounds
  • Shares Issued: 558.38m
  • Volume: 806,883
  • Market Cap: £55.84m

Tavistock agrees to acquire asset research firm Hummingbird

By Josh White

Date: Monday 23 May 2022

LONDON (ShareCast) - (Sharecast News) - Tavistock Investments has agreed to acquire the entire issued share capital of LEBC Hummingbird, it announced on Monday, for £3m in cash.
The AIM-traded firm described Hummingbird as an unregulated business that provides research on the asset-class allocations to be used within funds and model portfolios.

Its service was designed to help investment managers match their investment solutions with the differing risk profiles identified through the use of 'attitude to risk' questionnaires completed by clients.

Tavistock agreed to acquire Hummingbird from LEBC Group, which is regulated by the Financial Conduct Authority, for total cash consideration of £3m.

It said £1.5m would be paid on completion, and £1.5m would be paid on 30 November.

Hummingbird launched in 2020 as a provider of financial research for the LEBC Group, with its audited accounts for the year ended 30 September showing gross revenues of £0.61m, profit before tax of £0.43m, and gross assets of £0.13m.

The company said the acquisition followed its announcement on 3 May that it had completed the purchase of 21% of the issued share capital of Hummingbird's ultimate parent company, LEBC Holdings, of which LEBC Group is a subsidiary.

"We are pleased to welcome Hummingbird into the Tavistock Investments group and look forward to working with [LEBC managing director] Derek Miles and his team as we extend our commercial partnership," said chief executive Brian Raven.

At 1340 BST, shares in Tavistock Investments were up 12.62% at 6.17p.

Reporting by Josh White at Sharecast.com.

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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 10.00p
Change Today 0.75p
% Change 8.11 %
52 Week High 10.35
52 Week Low 3.70
Volume 806,883
Shares Issued 558.38m
Market Cap £55.84m

TAVI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.19% below the market average74.19% below the market average74.19% below the market average74.19% below the market average74.19% 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
99.37% above the market average99.37% above the market average99.37% above the market average99.37% above the market average99.37% 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
27.34% below the market average27.34% below the market average27.34% below the market average27.34% below the market average27.34% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
24.28% below the market average24.28% below the market average24.28% below the market average24.28% below the market average24.28% 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 11-Aug-2022

Time Volume / Share Price
16:13 100,000 @ 10.00p
16:11 95,652 @ 10.35p
15:28 30,000 @ 10.00p
15:16 50,000 @ 10.00p
14:14 2,000 @ 9.37p

TAVI Key Personnel

Chair Oliver Charles Cooke
CEO Brian Raven

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