Share Name Share Symbol Market Type Share ISIN Share Description
Tetragon Fin LSE:TFG London Ordinary Share GG00B1RMC548 ORD USD0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -$0.10 -0.82% $12.15 $12.10 $12.20 $12.225 $12.15 $12.225 2,550 15:52:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 200.0 167.8 0.0 - 1,058.27

Tetragon Fin Share Discussion Threads

Showing 151 to 171 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
05/11/2018
13:58
Didn't participate in the IPO as I expected a discount in the after market. Got that wrong but not tempted at a premium when a very similar portfolio represents 16% of BETM and that trades at an 8% discount. I like this strategy but its long term so a discount would be natural
makinbuks
24/8/2018
07:58
Well, it's divi day - big night out planned for the proceeds :-)
value hound
01/8/2018
16:38
Thanks Riverman, I didn't know BET owned some of them. Interesting because I like what BET are doing in Japan and was interested that they took a punt in Pershing Square which I was tempted by but passed on. I will research further. I've bought £6k of TFG for the reasons stated in your final para
makinbuks
31/7/2018
18:39
Rambutan - that depends if the fees go back into the company or straight to the directors as a bonus. Makinbuks - if you go to the British Empire investment trust website (which holds TFG) there is a copy of a Questor article from about a year ago which gives some background as to why these trade on discount. I'm thinking of buying a few - the performance has been consistently strong for years now, has a low correlation to wider markets and a nice dividend while waiting for discount to narrow.
riverman77
31/7/2018
17:42
Added, but via TFGS - on a Sterling only platform. Yes, fees are high, but then we are getting back those same high fees from the management assets owned.
rambutan2
31/7/2018
14:41
Still on the sidelines here.
spectoacc
31/7/2018
14:28
I can forgive high fees for their historic performance. Picked up a few more today.
tiltonboy
31/7/2018
11:02
Why does this trade at such a consistently large discount? Appears to have an excellent performance record with attractive yield and discount. High fees? Concerns over conflict of interest?
makinbuks
31/7/2018
09:48
hTTps://www.tetragoninv.com/~/media/Files/T/Tetragon-V2/financial-report/2018/monthly-factsheet-jun-2018.pdf
davebowler
26/6/2018
09:43
Is the fall in CWD significant ? Arn't Polygon or Oaktree large holders ? Not familiar with this stock.
gfrae
02/5/2018
18:11
hTTps://masterinvestor.co.uk/funds-and-investment-trusts/skin-in-the-game/?utm_source=Daily+Bulletin&utm_campaign=829b393e19-Daily_Bulletin_20180502&utm_medium=email&utm_term=0_25eff0bb7f-829b393e19-34956193
davebowler
30/4/2018
14:29
Agree SKY, although mainly down to huge write up in GreenOak. Still, that's the beauty of its diversification. I also noted the appointment of JP Morgan as joint broker. I'm happy to hold, get paid the div and wait for the double pronged rerate ie nav up and discount in.
rambutan2
30/4/2018
09:50
These were drawn to my attention last week by a fund manager friend. I have been investigating and so far all looks good. I would anticipate pressure on the Company to narrow the discount. Excluding the cash held the discount is rather higher! Sky - are you invested here? Bud
budsman
30/4/2018
06:24
A good March took the NAV back up to $21.19 - discount at 39%: http://www.tetragoninv.com//media/Files/T/Tetragon-V2/financial-report/2018/ monthly-factsheet-mar-2018.pdf
skyship
18/3/2018
16:10
hTTps://seekingalpha.com/article/4156878-tetragon-let-numbers-talking
hornets89
30/12/2017
10:34
hTTp://citywire.co.uk/investment-trust-insider/news/four-trusts-and-stocks-looking-to-be-the-next-lindsell-train/a1056655?ea=252901&re=51475&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly
davebowler
31/10/2017
14:36
hTTp://www.tetragoninv.com/~/media/Files/T/Tetragon-V2/financial-report/2017/monthly-factsheet-sep-2017.pdf
davebowler
01/9/2017
09:16
HTtp://www.tetragoninv.com/~/media/Files/T/Tetragon-V2/financial-report/2017/monthly-factsheet-july-2017.pdf
davebowler
10/8/2017
09:36
RNS Tetragon Financial Group (TFG) reported a 2.8% NAV total return for H117, with positive contributions made by all asset classes in the portfolio. Although below the target 10-15% range, annualised return on equity for the half year of 7.2% was ahead of the 6.3% achieved in 2016. Tetragon's share price total return was 7.4% for the six months to end-June 2017, with the discount narrowing by 2.1pp to 36.4% over the period. Dividends continue their steady progression, with the Q217 dividend increased by 4.5% from Q216 to US$0.1750 per share, and Tetragon's 5.3% dividend yield ranks as the second highest in the Flexible Investment sector. Tetragon's share price discount to NAV has steadily contracted since February 2016. The current 36.2% discount is narrower than its 39.5% five-year average but is wider than its five-year low of 20.4%, leaving significant scope for the narrowing trend to continue. Tetragon's 5.3% dividend yield ranks as second highest in its Flexible Investment sector peer group, significantly ahead of the 2.2% average.
davebowler
23/6/2017
13:43
htTPs://www.investmentweek.co.uk/investment-week/news/3012283/tetragons-dear-we-want-the-opportunities-when-disaster-strikes?utm_medium=email&utm_campaign=IW.SP_09.Daily_RL.EU.A.U&utm_source=IW.DCM.Editors_Updates&im_edp=fpcfinancial.co.uk&im_company=
davebowler
22/6/2017
09:25
Liberum; CLO funds Slowdown in loan spread compression Event Carador Income Fund and Blackstone GSO Loan Financing (BGLF) have both announced NAV gains of 0.9% for May. US CLO debt tranches performed relatively well in the month (gains of 1.1% and 1.8% BB and B tranches) during a broadly positive period for credit markets. BGLF completed a €50m investment in Blackstone / GSO US Corporate Funding, the adviser's US affiliate which established two new US CLOs in the month. BGLF now has exposure to three US CLOs in its portfolio. BGLF has also applied to the UKLA for a premium listing on the Main Market (currently specialist fund segment). The quote will also change to Sterling to enable the company to be included in indices. CLO funds - NAV performance May-17 YTD 12 months Fair Oaks Income Fund n/a 5.8%* 31.5%* Carador Income Fund 0.9% 3.7% 24.9% Volta Finance 0.6% 3.3% 19.3% Blackstone/GSO Loan Financing 0.9% 1.3% 7.3% Source: Liberum estimates *figures to end of April 2017 Despite relatively low supply, spread compression across the loan market has decelerated. Loan issuance was the lowest month YTD with €5.6bn in Europe and $44.3bn in the US. In Europe, low loan supply in addition to a high level of prepayments led to an increase in the supply shortage. Loan repricing remains relatively high in the US and this is expected to continue into the end of Q2 2017 with 68% of the loan market trading above par. CLO equity investors have largely been able to offset the reduced yield on loan portfolios by refinancing/resetting CLO liabilities although the pace of refinancing activity slowed in May. Carador reset once CLO during the month which resulted in a 16% increase in valuation. Liberum view The reduction in yield compression echoes what NB Global Floating Rate Income Fund has been experiencing in relation to a slowdown in repricing activity as the yield to maturity on new issues has remained steady. CLO equity investors have benefited from the ability to refinance/reset CLO debt tranches at a lower average cost to maintain the arbitrage of the portfolio spread over the cost of funding. The length of reinvestment periods is also increasing to the benefit of equity investors. The CLO funds trade on an average 0.7% discount to NAV (10.9% dividend yield).
davebowler
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