We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tetragon Financial Group Limited | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.65 | 9.50 | 9.80 | 9.65 | 9.65 | 9.65 | 2,021 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 240.7M | 141.1M | 1.6163 | 5.94 | 838.08M |
TIDMTFG
Tetragon Financial Group Limited
06 August 2018
London, UK, 6 August 2018
Edison issues review on Tetragon Financial Group (TFG/TFGS)
Tetragon Financial Group (TFG) delivered a strong relative performance in H118, with its +4.4% NAV total return comparing with the -0.1% and -0.7% US dollar total returns of the MSCI AC World and FTSE All-Share indices. The portfolio has been substantially diversified away from collateralised loan obligations (CLOs - now only 16% of NAV) across a range of other alternative asset classes in recent years, accompanied by lower returns. However, with positive returns from all but one asset class in the half year, Tetragon's return on equity (ROE) moved up to an annualised 10.5% in H118, back within its long-term 10-15% pa target range. Recent discount widening appears inconsistent with Tetragon's NAV performance, as well as its progressive dividend and peer group-leading 5.5% yield.
Tetragon's share price discount to NAV has experienced a noticeable widening in 2018 despite its NAV progressing steadily higher. The current 39.9% discount is wider than its 37.8% one-year average, but lower than its three-, five- and 10-year averages of 41.8%, 40.6% and 43.6% respectively. Quarterly dividend distributions continue to rise steadily and Tetragon's 5.5% yield is the highest in its peer group.
Click here to view the full report.
All reports published by Edison are available to download free of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Gavin Wood, +44(0)20 3681 2503
Sarah Godfrey, +44 (0)20 3681 2519
Investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
NRAFMGGRMVLGRZM
(END) Dow Jones Newswires
August 06, 2018 07:44 ET (11:44 GMT)
1 Year Tetragon Financial Chart |
1 Month Tetragon Financial Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions