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Britain’s Tavistock (TAVI) half-year report sees stock soar

By David Burrows

10:55, 6 December 2021

the words investment advice written in block letters on a mobile screen in a blue background of stock market charts
Tavistock is focusing on its advisory business – Photo: Alamy

Tavistock Investments, the AIM-listed financial advisory business saw its stock price jump in early morning trade before falling back sharply.

The stock price rose over 9% after the market opened as the company announced a sharp growth in its net asset value and a dividend increase for the first half of the year (to the end of September).

The company’s performance was boosted by proceeds from the sale of its investment management business Tavistock Wealth to Titan Wealth.

The advisory business saw 37% revenue growth in the first six months - to £124.7m compared to £10.7m - and full-year revenues are expected to exceed those for 2020.

Despite the early stock price gains, Tavistock was down 2.44% by late morning at 4.00p.


125.01 Price
-2.210% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.26


239.84 Price
-1.890% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.10


0.73 Price
+1.130% 1D Chg, %
Long position overnight fee -0.0253%
Short position overnight fee 0.0033%
Overnight fee time 22:00 (UTC)
Spread 0.0145


14.77 Price
-8.740% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.13

Acquisition targets  

Commenting on the latest figures Brian Raven, Tavistock's Chief Executive, said: "The strategic partnership with Titan and sale of TWL has transformed the shape of the business and its prospects.

“It has enabled the delivery of immediate enhancement in value to shareholders while providing the company with the firepower to accelerate the growth of the business through acquisitions, with some exciting prospective targets already being considered”.

He added: "Our advisory business continues to perform strongly and is already on track to deliver revenues ahead of the entire group revenues in the prior year. We are in a strong position to continue developing a much larger and more profitable distribution and wealth management group, to deliver enhanced value to shareholders."

Read more: Amigo shares plunge on call for rescue plan approval

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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