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| 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
|
|
|---|---|---|---|---|---|
| 0.05 | 0.39% | 12.75 | 0.00 | 14:25:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 12.60 | 12.90 | 12.75 | 12.60 | 12.70 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 240.7M | 141.1M | 1.6163 | 7.89 | 1.11B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 12.75 | USD |
| Date | Time | Source | Headline |
|---|---|---|---|
| 08/11/2024 | 11:32 | UKREG | Tetragon Financial Group Ltd - Statement re: Dividend Information |
| 31/10/2024 | 06:55 | UKREG | Tetragon Financial Group Ltd - Statement re: Monthly Factsheet |
| 29/10/2024 | 18:30 | UKREG | Tetragon Financial Group Ltd - Dividend Declaration |
| 14/10/2024 | 10:37 | UKREG | Tetragon Financial Group Ltd - Statement Re: Press Speculation |
| 30/9/2024 | 05:55 | UKREG | Tetragon Financial Group Ltd - Statement re: Monthly Factsheet |
| 30/8/2024 | 05:55 | UKREG | Tetragon Financial Group Ltd - Statement re: Monthly Factsheet |
| 12/8/2024 | 10:31 | UKREG | Tetragon Financial Group Ltd - Statement re: Dividend Information |
| 31/7/2024 | 18:13 | UKREG | Tetragon Financial Group Ltd - Half-Yearly Report |
| 31/7/2024 | 18:10 | UKREG | Tetragon Financial Group Ltd - Dividend Declaration |
| 31/7/2024 | 05:55 | UKREG | Tetragon Financial Group Ltd - Statement re: Monthly Factsheet |
Tetragon Financial (TFG) Share Charts1 Year Tetragon Financial Chart |
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1 Month Tetragon Financial Chart |
Intraday Tetragon Financial Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/11/2024 | 14:13 | Tetragon | 727 |
| 05/6/2003 | 09:31 | The Bear Club...... Taylor & Francis Group | 50 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 08/11/2024 14:13 by alpal2 I believe that management fees are based on NAV [not share price] so directors have no interest in looking after shareholders. I hope any deal for Equitix gives full disclosure. This will tell whether the NAV is genuine or just invented to push up director's income.Or am I just sore because I sold half my shares in last tender. |
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 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,especiall |
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 10:30 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 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 03/9/2020 12:42 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. |
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