8 November 2018 – interim results
The investment management group has announced interim results to 30 September showing that revenues rose 13% to £14.0m (2017: £12.3m) although the adjusted pre-tax loss was £0.12m (2017: £0.48m loss) as the company continues to invest in the business. The group has increased funds under management for the 16th consecutive quarter and these now total £941m. The group continues to expand its product range and it has recently launched Tavistock Law, a specialised business endorsed by the Law Society as its preferred provider of investment advice. Although the group is taking longer to be profitable than previously hoped, patient investors should be rewarded in due course. LONG TERM BUY.