As guided in June, Tavistock has reported a strong set of results for the year ended 31 March 2021. Furthermore, the disposal of Tavistock Wealth has completed and the Company is significantly net cash rich (currently c.£17m). Exciting times lie ahead which we expect to include an accelerated programme of acquisitions within the Advisory business, resumption of dividend payments and share buy backs given the shares are trading at 4.5p against an NAV of around 14p.
