Author Topic: TFG / TGONF - Tetragon Financial  (Read 22846 times)

MicroValue

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Re: TFG / TGONF - Tetragon Financial
« Reply #20 on: July 12, 2016, 08:08:53 AM »
Yes VIC has good write ups.  You can access company press releases on tetragoninv.com or look at the yahoo symbol tfg.as



MicroValue

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Re: TFG / TGONF - Tetragon Financial
« Reply #21 on: July 29, 2016, 05:28:00 AM »
Tetragon reports results with diluted NAV at 19.96 up just under a $1.00, in line with expectations.

Dividend a very slight increase, but I like the signaling that the dividend appears here to stay.

Getting paid 6.7% to wait at almost a 50% discount to NAV leaves enough margin for error in my view for market volatility, a unfavorable fee structure, and slop in the NAV calculation.

And next year if shares are still hanging out in this area, I will press for another tender offer.




brendanb22

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Re: TFG / TGONF - Tetragon Financial
« Reply #22 on: August 06, 2016, 05:46:11 PM »
Does anyone have a good reason why this is trading at 50% of NAV? Only thing holding me back from purchasing is confirming that I'm not missing something here

thepupil

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Re: TFG / TGONF - Tetragon Financial
« Reply #23 on: August 06, 2016, 09:22:03 PM »
Does anyone have a good reason why this is trading at 50% of NAV? Only thing holding me back from purchasing is confirming that I'm not missing something here

- Fee structure (no high water mark, externally managed), that deserves a big discount, I own the stock and think that the discount is too big but it is a shitty structure for sure


thepupil

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Re: TFG / TGONF - Tetragon Financial
« Reply #24 on: August 06, 2016, 10:29:15 PM »
And some diluting is coming

MicroValue

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Re: TFG / TGONF - Tetragon Financial
« Reply #25 on: November 08, 2016, 01:07:45 PM »
Tetragon will soon announce another tender offer for $50 million.  Accretive to NAV, clear out more sellers.

It has me quite pleased. 



MicroValue

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Re: TFG / TGONF - Tetragon Financial
« Reply #27 on: August 23, 2017, 08:04:10 AM »
Tetragon has been trading as low as 12.05 in Amsterdam and 11.94 OTC (although higher than that now OTC).  Has anyone heard news on it?

I suppose some investors were disappointed on no buyback news, but with an NAV of $20ish it still seems like a good deal in an expensive market. 

bskptkl

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Re: TFG / TGONF - Tetragon Financial
« Reply #28 on: August 23, 2017, 08:27:12 AM »
I haven't seen any news, but I noticed recently Fidelity charges me an extra $50 to trade this stock and had been for 3 years! They say they are passing along the fee to settle the stock. Something to do with being an "F" stock. Fidelity did credit me a bunch of free trades when I brought it up so no complaints with Fidelity.

Anyone else get charged extra? Never seen that before.

Jurgis

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Re: TFG / TGONF - Tetragon Financial
« Reply #29 on: August 23, 2017, 08:40:17 AM »
I haven't seen any news, but I noticed recently Fidelity charges me an extra $50 to trade this stock and had been for 3 years! They say they are passing along the fee to settle the stock. Something to do with being an "F" stock. Fidelity did credit me a bunch of free trades when I brought it up so no complaints with Fidelity.

Anyone else get charged extra? Never seen that before.

Fidelity charges additional $50 for a number of five-letter-F stocks.
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