15th Jun 2021 18:18
Tavistock Investments PLC - Bracknell-based fund manager - For the year ended March 31, expects pretax profit of GBP1.2 million, swinging from a loss of GBP5.7 million the year before, due to a GBP5 million impairment against the carrying value of certain intangible assets.
Revenue meanwhile is set to dip to GBP28.7 million from GBP28.8 million, while fund under management at the end of the month are to remain similar at GBP1.1 billion.
Expects to release its annual results by mid-August.
Also, Chair Oliver Cooke has purchased 1.1 million shares in the company at 5.5 pence each, totalling GBP59,400. He now holds 30.0 million shares overall, reflecting a 4.9% stake.
CEO Brian Raven has bought 900,000 shares for the same price at a total of GBP49,500, meaning he now holds 68.3 million shares, representing an 11% interest.
Current stock price: 4.33 pence, down 8.8%
Year-to-date change: up sharply from 1.40p
By Dayo Laniyan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Tavistock