Market's view on Tavistock
Published on April 2024
- Tavistock Investments owns 21% of LEBC Holdings Ltd, which is not currently in liquidation. Shareholder rights are highlighted, noting that until a majority approves liquidation, minority shareholders must wait, though they may receive a dividend in the meantime.
- Concerns are raised about the financial management at Tavistock, specifically questioning the value of strategic relationships and the silence from the company about these partnerships.
- There’s speculation about the possible financial outcomes from Tavistock’s involvement with Titan, with suggestions that the remaining balance of the earn-out could be negligible after legal fees.
- Tavistock’s acquisition strategy is discussed, including the 2023 acquisition of Precise Protect and the 2024 acquisition of Independent Financial Solutions (IFS), aiming to expand their network and client base significantly.
- A large transaction of 850,000 shares at 5p is reported, indicating active trading.
- There are criticisms about the lack of transparency from Tavistock’s board of directors, with calls for more frequent and detailed updates for shareholders.
- Discussions reflect disappointment with the company’s current strategy and management, with suggestions that poor decisions have led to significant financial losses.
- There is mention of a potential ‘material impairment’ looming, suggesting financial instability or expected losses related to Tavistock’s investments.