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TFG Tetragon Financial Group Limited

14.95
0.10 (0.67%)
20 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tetragon Financial Group Limited TFG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.10 0.67% 14.95 08:23:55
Open Price Low Price High Price Close Price Previous Close
14.85 14.85 14.95 14.95 14.85
more quote information »

Tetragon Financial TFG Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
04/03/2025InterimUSD0.1106/03/202507/03/202531/03/2025
29/10/2024InterimUSD0.1101/11/202404/11/202427/11/2024
31/07/2024InterimUSD0.1105/08/202406/08/202430/08/2024
30/04/2024InterimUSD0.1102/05/202403/05/202428/05/2024
04/03/2024InterimUSD0.1106/03/202407/03/202403/04/2024
26/10/2023InterimUSD0.1101/11/202302/11/202327/11/2023
31/07/2023InterimUSD0.1102/08/202303/08/202329/08/2023
26/04/2023InterimUSD0.1102/05/202303/05/202326/05/2023
03/03/2023InterimUSD0.1107/03/202308/03/202331/03/2023
27/10/2022InterimUSD0.1101/11/202202/11/202225/11/2022
29/07/2022InterimUSD0.1101/08/202202/08/202225/08/2022
29/04/2022InterimUSD0.1129/04/202203/05/202226/05/2022
07/03/2022InterimUSD0.1108/03/202209/03/202201/04/2022
29/10/2021InterimUSD0.101/11/202102/11/202125/11/2021
30/07/2021InterimUSD0.102/08/202103/08/202126/08/2021
30/04/2021InterimUSD0.103/05/202104/05/202127/05/2021
26/02/2021InterimUSD0.101/03/202102/03/202125/03/2021
30/10/2020InterimUSD0.102/11/202003/11/202026/11/2020
31/07/2020InterimUSD0.103/08/202004/08/202027/08/2020
30/04/2020InterimUSD0.104/05/202005/05/202027/05/2020

Top Dividend Posts

Top Posts
Posted at 14/2/2025 09:36 by houseofpain1
That's a good summary. Just to give a bit more colour on Hawke's Point, most of the exposure there is to an ASX- listed mining company called Ora Banda. I don't know exactly when TFG/Hawke's Point began investing in that (as far as I can tell, a long time ago) but if you dig out the chart you can see that it has been a phenomenal investment, rising by +1,779.17% over 3 years. Its share price also explains the vol in the Wexboy's commentary. The shares previous peak was 0.95c on 31 October 24, after which they fell back to around or below 0.7c. They finished the year at 0.66c. Since then they've been on a tear again buoyed by postive developments at one of their mines and I expect the rising gold price. They are trading today at AUD$1 - +53.85% YTD which that equates to around +$120m or nearly +4% on TFG's 31 Dec 24 NAV.
Posted at 13/2/2025 08:53 by value hound
"Wexboy's" take on things - a great read...

hxxps://wexboy.wordpress.com/2025/02/13/2024-annual-review-out-of-sync/

2024 was (finally) a real inflection/breakout year for Tetragon Financial Group, with investors enjoying a +42% share price gain (& a +4.5% yield). This reflects a +15.4% NAV/share total return – its best in years, again reinforcing its longer-term record of low-volatility 9-10%+ pa net returns – and a narrowing of Tetragon’s NAV discount from 68% to a still astonishing 60%. [Worth highlighting: Even with zero NAV gains/dividends, that relatively small discount compression would have still delivered a +25% shareholder gain!] Crucially, it also helps silence the haters – who were always happy to trot out their usual misconceptions, lies & ancient history here – further improving sentiment, with the stock up an additional +10% YTD & hitting new all-time-highs). And I’d expect further gains ahead, based on anticipated developments this year with some key investments…not to mention a fresh wave of buying IF the shares ultimately trade $19/$20+ a share (per my usual rule – most punters only get interested after a share doubles!).

There were three main NAV drivers last year: The first was Hawke’s Point, which finances high quality mining projects in the Australian (& North American) resource sector – its value grew almost +70%/+$80 million last year, net-net, albeit masking significant (downside) volatility along the way from a peak $320M value as of end-October. [One can hardly complain about the overall net gain!] The second is Ripple Labs A&B Preferred Stock, which gained an astonishing 130%+/$135M+, in the last two months of the year, reflecting its SEC win earlier in the year, the election of Trump & a new crypto-friendly administration in November, and a subsequent four/seven-fold gain in $XRP’s market price. Third, we saw a +25%/+$185M gain in Tetragon’s 75%+ stake in Equitix, received the welcome news in October of an actual sale process (still ongoing today), and confirmation TFG’s stake had increased to 81.5% but would now accrue a tail/profits liability to former Equitix management (for the moment, I’m assuming it still nets back out to an effective 75% stake). All told, less dividends & a measly $25M tender offer – that’s less than 1% of NAV & barely 40%+ of the tender offers in 2023 – those gains in value net out to a near-$350M NAV increase last year.

This year, hopefully we see an actual sale of Equitix – a £1.5 billion price tag has been floated, vs. $14B+ of AUM, reflecting other recent deals & a voracious appetite for alternative/infrastructure asset managers. That price may be a bit rich, but I’d expect an actual deal to still offer significant upside for Tetragon’s 75%+ stake, vs. a year-end $922 million value. [Which would again confirm the (prudent) valuations assigned to TFG Asset Management, which is currently valued at $1.6B vs. $41.2B in AUM (up 50% from $27.4B at end-2019)]. And such a deal could obviously equate to 80%+ of Tetragon’s current market cap – and net debt’s still under 10% of gross assets, so there’s no pressing need to repay any of it – so that’s where the rubber really meets the road:

Either Griffith & Dear flex their control muscles, attempt to reinvest the cash & personally collect the fees on the management contract for another 5/10 years, OR they actually focus on enhancing/realising shareholder value via a massively accretive tender offer for a huge % of Tetragon’s o/s shares.he former was investors’ default assumption to date (& rightly so), but as the principals age out (& want to potentially revalue/realise their own stake), and TFG’s other management/employees lobby re their steadily growing stake, and noting the sheer scale of this potential deal, the odds shift in favour of the latter…clearly it’s still an entirely event-driven scenario, but IF we see a sale & IF we see a massive tender offer, then we’ll also see a step-change in sentiment & the NAV discount. Further, let’s hope we can also add some crypto pixie-dust to the equation – back of the envelope, Tetragon now owns somewhere between 2.25%-2.5% of Ripple Labs, whose private market (equity) value is currently worth something like $14/$15.5 billion today, vs. its actual treasury of 43.3B+ $XRP, which is currently worth something like $107B! That’s a hell of a value gap, one that could potentially be closed/realised via what I’d call an anti-$MSTR strategy, ie (gradually) selling $XRP crypto & buying Ripple equity.

And Ripple Labs has already started down this road – executing two/three tender offers in the last year, funded from $XRP sales – a strategy that could attract a lot more attention & be further refined IF Ripple & Brad Garlinghouse actually propose an IPO, now that Trump’s in the White House. So yeah, it’s definitely a good idea here to do the math & figure out the potential/asymmetric upside for Tetragon on its Ripple Labs stake…vs. its current $1.3B market cap (& a potential/impending sale of Equitix).
Posted at 10/1/2025 15:54 by bench2
Wow massive volume for TFG today , pushing price up to U$16 , any idea what is driving the Share Price .
Posted at 19/12/2024 11:23 by houseofpain1
Straightforward yes but your argument completely ignores Tetragon's structural/governance deficiencies the most pertinent one of which is the lack of voting rights which essentially means management can do pretty much what they like for as long as they like. Because of this, and irrespective of the underlying assets, TFG deserves to trade at a meaningful discount.
Posted at 02/12/2024 19:20 by f56
There are similar companies to TFG that are trading at a premium.
Posted at 14/10/2024 09:04 by chrisdgb
Interesting.............

In the news today, Tetragon Financial Group (TFG LN/NA) is looking for buyers for its infrastructure business Equitix according to reports. Equitix has c.$14bn AUM and a suggested price tag of $1.5bn. TFG acquired the business for £160m back in 2014 and currently owns a 75% stake.
Posted at 05/3/2023 17:11 by riskvsreward
The management claims they have a long term annual return on nav of over 10%, and the share price is under a third of nav, they should easily pay a 10% dividend and still have a dividend cover of more than three times, being conservative by any standards. Of course unless their nav return is all bxxx…
Posted at 05/3/2023 16:50 by hugepants
Dividend announcement and $25M tender offer
Posted at 28/2/2023 21:38 by tula100
Tetragon will host a conference call for investors on Monday, 6 March 2023 at 15:00 GMT / 10:00 EST to discuss its annual report and to provide a company update.
During the call, Tetragon’s investment manager will also seek to address questions raised by investors, including questions e-mailed to ir@tetragoninv.com.
Getting Access to the Call, Online Presentation and Q&A:

The call will be accompanied by a live presentation which can be viewed online by registering at the link below. In addition, questions can be submitted online while watching the presentation. We would encourage you to log in 15 minutes prior to the start of the call.

hxxp://onlinexperiences.com/Launch/QReg/ShowUUID=D92B9E59-82F3-4028-ADD0-94EFBC2F9BC5

Presentation Replay:
A replay of the call will be available for 30 days through the link provided above or by visiting hxxp://www.tetragoninv.com/shareholders where a recording will posted.

We hope that you are able to join the call.
Kind regards,
Yuko

Yuko Thomas
Head of Investor Relations
TFG Asset Management
Tetragon Financial Management
4 Sloane Terrace | London SW1X 9DQ | United Kingdom
Direct: +44 20 7901 8327 | Main: +44 20 7901 8300 | Mobile: +44 7920 006 990
ythomas@tetragoninv.com
www.tetragoninv.com
Posted at 31/8/2022 08:01 by alpal2
Overpaid and underperforming management. I find it irritating that they trot out the spurious NAV at every opportunity but never refer to the dividend yield as a factor of NAV. Maybe "Dividend yield of 1.3%" doesn't sound so good.