Tavistock Investments (TAVI)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

3.75p
   
  • Change Today:
      0.050p
  • 52 Week High: 5.75
  • 52 Week Low: 2.15
  • Currency: UK Pounds
  • Shares Issued: 560.10m
  • Volume: 104,684
  • Market Cap: £21.00m
  • Beta: 0.00

Tavistock Investments acquires Alpha Beta Partners

By Iain Gilbert

Date: Friday 22 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Financial services firm Tavistock Investments revealed on Friday that it has acquired London and Bath-based asset manager Alpha Beta Partners in a deal worth up to £18.0m.
Tavistock said the total consideration to be paid for ABP will be directly linked to its financial performance over the next five years, with an initial payment of £6.0m at completion of the acquisition and the maximum potential consideration capped at £18.0m, payable in cash.

The AIM-listed group stated acquisition strengthens its asset management scale and solutions provision in the UK retail investment market and was "a key step" in refocusing the company into a" much more significant asset manager" providing investment solutions to third party advice firms and networks, as well as to retail clients directly.

Chief executive Brian Raven said "Alpha Beta Partners is joining us at the ideal time. Their strategic plans and partnerships gel perfectly with ours, particularly in terms of how to improve investor services and value. We look forward to an exciting future together."

As of 1125 GMT, Tavistock shares were up 8.94% at 3.87p.









Reporting by Iain Gilbert 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 3.75p
Change Today 0.050p
% Change 1.35 %
52 Week High 5.75
52 Week Low 2.15
Volume 104,684
Shares Issued 560.10m
Market Cap £21.00m
Beta 0.00

TAVI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.83% above the market average21.83% above the market average21.83% above the market average21.83% above the market average21.83% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
21.28% below the market average21.28% below the market average21.28% below the market average21.28% below the market average21.28% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Income Not Available
Growth
48.16% above the market average48.16% above the market average48.16% above the market average48.16% above the market average48.16% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

TAVI Dividends

  Latest Previous
  Interim Interim
Ex-Div 24-Dec-24 30-Nov-23
Paid 16-Jan-25 15-Dec-23
Amount 0.090p 0.070p

Trades for 07-Feb-2025

Time Volume / Share Price
14:28 12,751 @ 3.89p
13:57 1,923 @ 3.90p
09:03 10 @ 3.80p
08:10 90,000 @ 3.72p

TAVI Key Personnel

CEO Brian Raven

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