Tavistock’s interims for the 6m period ended September 2019 showed continued earnings growth with EBITDA increasing 95% yoy to £1.01m. The key driver behind this growth was the expansion in Funds Under Management (“FUM”) to £1.1bn, an increase of 18.3% on the prior year period. Management expressed caution for the rest of the year with particular reference to the uncertain political outlook. Furthermore, the termination of the alliance with Lighthouse Group plc (

26 Nov 2019
Solid interims, cautious outlook

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Solid interims, cautious outlook
Tavistock Investments PLC (TAVI:LON) | 6.8 0 0.0% | Mkt Cap: 37.6m
- Published:
26 Nov 2019 -
Author:
Matt Butlin -
Pages:
5 -
Tavistock’s interims for the 6m period ended September 2019 showed continued earnings growth with EBITDA increasing 95% yoy to £1.01m. The key driver behind this growth was the expansion in Funds Under Management (“FUM”) to £1.1bn, an increase of 18.3% on the prior year period. Management expressed caution for the rest of the year with particular reference to the uncertain political outlook. Furthermore, the termination of the alliance with Lighthouse Group plc (