Tetragon Financial Share Discussion Threads

[makinbuks] 07/7/2021 11:21

Fully agree, this could move 20 - 25% and still be rated in as it was two years ago. Nothing has changed that I can see in that time with regards to the structure and ownership. Bear in mind too that the owners hold a substantial stake alongside us so will look eventually to extract full value

[spectoacc] 06/7/2021 10:22

Perhaps, but - it's been tighter, and if is NAV rising over time, the share price will follow even with the cavernous discount. Can't see it ever not being controlled for the management, but can still see upside.

[alpal2] 06/7/2021 10:15

As long as the company is run for the benefit of management [not shareholders] there is little chance of a reduction in the discount to NAV.

[makinbuks] 06/7/2021 08:49

Someone who is a bit more proactive was my thought but merely a gut feel

[rambutan2] 05/7/2021 22:25

Someone to cover the Stateside is my thinking? LONDON, July 1, 2021 -- Tetragon is pleased to announce the appointment of Jefferies International Limited as joint corporate broker, alongside J.P. Morgan Cazenove, with immediate effect.

[makinbuks] 02/7/2021 12:08

Polygon has launched a bid for WTG

[tula100] 01/6/2021 10:32

I was expecting Ripple to win against the SEC but now with so much sentiment turning against cryptocurrencies on the part of banks, governments, investment advisers etc. it is getting more doubtful.

[alpal2] 01/6/2021 08:46

Another monthly report with nothing on the investment in Ripple.

[protocol1] 24/5/2021 09:44

https://www.bloomberg.com/news/articles/2021-05-19/kkr-to-buy-u-k-infrastructure-group-john-laing-for-2-8-billion?utm_source=url_linkNice addition

[alpal2] 24/5/2021 09:02

XRP down but so are all cryptos. And not sure it's relevant to TFG investment [on which management have been very quiet]

[hugepants] 23/5/2021 22:11

XRP price currently heading straight down the toilet.

[makinbuks] 20/5/2021 10:49

Sounds like they're between a rock and a hard place. Some sort of loss of face required to resolve it

[hugepants] 19/5/2021 15:56

Forbes not impressed with the SEC case v Ripple May 18, 2021 https://www.forbes.com/sites/roslynlayton/2021/05/18/we-need-a-ripple-test-to-stop-the-secs-overreach-on-cryptocurrency/?sh=208fe11c69c2

[horndean eagle] 04/5/2021 12:01

Paddy launched the thing when XRP was 25c or so. Its now up 6 fold. When facts change......

[makinbuks] 04/5/2021 11:16

That's a lovely scenario Horndean but presumably Paddy Dear doesn't see it as straightforward otherwise he wouldn't have wasted time and money on the legal action

[alpal2] 04/5/2021 09:40

Another 'cut-price' dividend and not even a share buy-back. The $175m spent on Ripple Labs would have been better spent on a buy-back. Oh, I forgot, that would benefit shareholders and reduce management fees; so, a non-starter.

[horndean eagle] 03/5/2021 20:11

Ripple likely will win their case or come to an agreement and pay a fine. XRP will likely double if they do and the likes of paypal then allow XRP to be traded as they have other cryptos. Don't forget US investors not been able to touch ripple through any of the major exchanges. XRP market cap will be nearer $300bn at that point. Ripple labs will own over $150bn worth of XRP. TFG will likely make out like bandits given their in price is supposedly $10bn market cap.

[makinbuks] 03/5/2021 08:19

Hard to imagine there can be an IPO without a successful outcome to the case

[hugepants] 02/5/2021 22:07

"scburbs30 Apr '21 - 08:31 - 481 of 493 They continue to write up the value of Ripple Labs every month (presumably by the pref element) increasing management fees" Actually think the Ripple valuation is pretty solid. Worst case they get their money back. Or if Ripple spend their cash Id assume they'll get shares in Ripple. Ripple is going to be worth a lot with or without XRP if some recent news articles are anything to go by. And talk now of a ripple ipo. https://www.financemagnates.com/cryptocurrency/news/ripple-planning-for-ipo-after-settling-xrp-lawsuit-sbi-ceo/

[riskvsreward] 30/4/2021 17:44

As a shareholder I sincerely hope that the positive interpretation offered by some here will turn out to be true, but I am very doubtful about it. One needs to make a clear distinction about the Nominal NAV total return reported by management and the total return for the shareholders. The Nominal NAV total return means nothing to the shareholder if it is not properly reflected in either shareprice or dividend (ideally in both). Instead it is only a TRUE and REAL total return for the management as their income increases with it while the shareholder return, which can only be realised by either divesting his/her shares or receiving a dividend, has been decreasing over the time. The simple fact that the market has PERSISTENTLY valued the company with high and widening discount tells you that the market has no regard for both the NAV and the company management integrity. If a company management has no bother about their integrity and reputation, let alone any concerns about their obligations to their shareholders, you know you are not in a good position if you, myself included, unfortunately have become a shareholder in such a company. I have owned a few deep value trusts over the time and in comparison by far this one is the worst. For example, han, utl, nsi, nas etc, none of them used the pandemic as an execuse to halve the dividend and some of them even increased the dividend. They have also used meaningful buyback on the market paying their share holders a fair price to exit And their managers purchased shares themselves using money out of their own pocket. TFG has done none of these. As a result, all of them have outperformed significantly.

[ironstorm] 30/4/2021 16:43

I know what you mean about the discount - though I do fear that they will steal it off us either slowly through fees or quickly through worse!! Question is whether we can trust the management or whether they attended the Madoff wake!

[spectoacc] 30/4/2021 16:34

Agree they've not particularly done what they said on the tin, but that discount is irresistable for me.

[alpal2] 30/4/2021 15:50

No, I didn't see the video. How do they view 'total return' to a shareholder? I will buy it if it's a combination of dividend and share price. NAV accretion is not acceptable if they cannot get it reflected in the share price. My shares are in an ISA so don't care whether it's dividend or capital gain. But reduced dividend and lower share price doesn't please me.

[makinbuks] 30/4/2021 15:26

I don't know if you saw the video of the Q&A's after the AGM but the managers were very clear that they didn't see the dividend level as being that important in the context of total return. I would not therefore buy this fund if my primary objective were income. This is an absolute return fund hopefully operating independently of returns on bonds or equities. My annual question is has this produced an absolute return greater than cash or gilts. If the answer is yes I stay invested irrespective of whether the return came as a dividend or a rise in NAV. In fact dividends should really be reinvested to maintain the hedge position The discount reflects the excess of sellers over buyers for the share and there you have a point, the widening may indeed be caused by the dividend cut rather than the macro economic background. Certainly that would explain the lack of correction. The market is not always rational. People who need income invest for dividends, those who don't see them as part of overall returns, or should do