Another AIM company receives an approach
Another AIM company receives a low-ball offer while there was a great news for a beleaguered micro-cap and an acquisition for one of our Stonking Small Cap opportunities
Tavistock Investments – short on detail Investment advisory group Tavistock Investments (AIM:TAVI) announced results for the six months ended 30 September 2022. This is a period of transition with the focus being on replacing the contribution from the Company's previous investment management business, Tavistock Wealth, which was sold in August 2021 for a profit of £36m. Revenue in the 6 month period rose 16% to £17m but the operating loss was £470k. The results failed to provide any information on where the £17m of turnover came from, or the value of assets in respect of which they are providing advice. Tavistock…