Tetragon Financial Share Discussion Threads

[spectoacc] 03/1/2019 15:09

Nearly at the top of my list to buy when the 2nd referendum goes Remain's way, and the Pound rallies c.15%.

[skyship] 03/1/2019 13:58

A really ghastly chart with that large, perfectly formed 20month Head & Shoulders hanging overhead. But the 6.2% yield and 46% discount surely heavily discounts the CLO risk.

The tender offer a bit of an irrelevance as only c4.3% of holdings. They need to be more aggressive with Discount Control Mechanisms.

Still, decided to chance a few at c$11.60.


free stock charts from uk.advfn.com

[davebowler] 19/12/2018 20:13

htTPs://citywire.co.uk/investment-trust-insider/news/tetragon-greenoak-shows-value-in-47-discounted-fund/a1186347?re=60824&ea=252901&utm_source=BulkEmail_Investment+Trust+Insider+Daily&utm_medium=BulkEmail_Investment+Trust+Insider+Daily&utm_campaign=BulkEmail_Investment+Trust+Insider+Daily

[makinbuks] 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

[value hound] 24/8/2018 08:58

Well, it's divi day - big night out planned for the proceeds :-)

[makinbuks] 01/8/2018 17:38

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

[riverman77] 31/7/2018 19:39

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.

[rambutan2] 31/7/2018 18:42

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.

[spectoacc] 31/7/2018 15:41

Still on the sidelines here.

[tiltonboy] 31/7/2018 15:28

I can forgive high fees for their historic performance. Picked up a few more today.

[makinbuks] 31/7/2018 12:02

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?

[gfrae] 26/6/2018 10:43

Is the fall in CWD significant ? Arn't Polygon or Oaktree large holders ? Not familiar with this stock.

[rambutan2] 30/4/2018 15:29

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.

[budsman] 30/4/2018 10:50

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

[skyship] 30/4/2018 07:24

A good March took the NAV back up to $21.19 - discount at 39%:


monthly-factsheet-mar-2018.pdf