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TFG Tetragon Financial Group Limited

9.65
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 9.65 828 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.50 9.80 9.65 9.65 9.65
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 240.7M 141.1M 1.6163 5.99 845.06M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:04:36 O 548 9.785 USD

Tetragon Financial (TFG) Latest News

Tetragon Financial (TFG) Discussions and Chat

Tetragon Financial Forums and Chat

Date Time Title Posts
17/4/202411:40Tetragon723
05/6/200310:31The Bear Club...... Taylor & Francis Group50

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Tetragon Financial (TFG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:04:379.795480.00O
07:02:449.552800.00O

Tetragon Financial (TFG) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Tetragon Financial Daily Update
Tetragon Financial Group Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker TFG. The last closing price for Tetragon Financial was US$9.65.
Tetragon Financial currently has 87,300,000 shares in issue. The market capitalisation of Tetragon Financial is £845,064,000.
Tetragon Financial has a price to earnings ratio (PE ratio) of 5.99.
This morning TFG shares opened at US$9.65
Posted at 24/11/2023 16:53 by apple53
Is it true that you get what you bid in a Dutch auction, which I think is contrary to the PIN tender (when I think you got the strike price providing you were below)?
Posted at 15/11/2023 18:27 by riskvsreward
Thanks for confirmation and I have also just received notification from II.But nothing from AJ Bell yet. I have been in this too long and may just get out breakeven at about $10.50. There are better opportunities elsewhere and I have already missed many better investments holding this. The management,especially that top guy at the helm, is not going to do much for the small PIs and nothing can be done about it as they have the golden share.
Posted at 03/11/2023 17:09 by value hound
Tender offer via Dutch auction "at prices ranging from and including $8.75 up to and including $10.50 per share"
Posted at 16/8/2023 11:30 by alpal2
Yes, it may be on a 70% discount to NAV but there's no way the directors will let ordinary shareholders benefit. Their income / fees are based on spurious NAV not share price so they don't care about minorities.
Posted at 31/3/2023 20:01 by makinbuks
Yes there are many theories as to why a discount exists and what to do about it, but sometimes the most obvious theory ie, that demand for a share outstrips supply is the most powerful.
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 02/3/2023 17:12 by tula100
I have submitted the following questions for the investor call:
1. What are the board doing to narrow the gap between the NAV and the share price?

2. How can the board justify basing their remuneration on the NAV and not the share price?
Posted at 28/2/2023 22:12 by alpal2
Question: The interests of shareholders will be best served by closing the gap between the share price and the NAV. As the current directors are incapable of doing this, will they resign so that competent directors can be appointed to look after shareholders.
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 03/9/2020 13:42 by davebowler
Tetragon Financial Group (TFG) invests in a diversified set of alternative assets, including bank loans, real estate, convertible bonds and event-driven equities via hedge funds. However it also has investments in six management groups which manage a significant part of the portfolio. Together they are known as TFG Asset Management and represent 31% of NAV (as at 30/06/2020). The companies within this business currently manage around $27bn of assets in total. We understand that the long-term strategy is to continue to grow this business, effectively, as a group of asset management businesses under a corporate umbrella: with a view to a possible initial public offering and listing of its shares. If this were to be achieved, given the percentage of NAV the business represents, it would likely be a material development for the TFG share price. Nevertheless we would caution that the managers have stated that there is no short-term plan to crystallise value in TFG Asset Management.

The current discount to NAV that TFG trades at would suggest that investors are ascribing little or no value to the asset management business. The business is valued in the NAV at $703m (as at 30/06/2020). This valuation appears conservative in terms of an earnings valuation and broadly in-line with listed peers – as we illustrate in the tables above. When we apply the value ascribed by the market in the form of a 62% discount, however, the valuations appear compelling. TFG Asset Management companies certainly invest in alternative assets and have large performance fee elements to them, which makes direct comparisons difficult. However we would note that the funds and underlying assets tend to exhibit low volatility, and have an emphasis on the underlying stability of cashflows. As a result TFG Asset Management could offer compelling value for long-term investors, on both an earnings and AUM basis and based the valuation implied by the current price of Tetragon’s shares.
Tetragon Financial share price data is direct from the London Stock Exchange

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