Templeton Global Growth Fund Ltd.

ASX:TGG
Deleted on 2021-11-04 00:30:04

Templeton Global Growth Fund Ltd.

ASX:TGG
Deleted on 2021-11-04 00:30:04
$1.630 (+0.3%)
Last close price
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#Financials
stale
edgescape
Last edited 3 years ago
View author's company report

TGG to WAM Global allocation calculation

From the merger announcement which is something I should put in the previous straw, the ratio will be calculated on the NTA after tax price.

If we take the 31st of May price as an example (because I can't find the most recent weekly after tax NTA of Wam global)

TGG: 1.55
WGB: 2.55

So one TGG equals 0.6 WGB. But it will vary based on the weekly update.

Disc: I hold. Templeton has a few good names including Samsung, Taiwan Semiconductor and Sumitomo mining (part operator of Northparkes Gold/Copper mine) plus a few biotechs (they had J+J at one stage) and is why I invested. Also would be interesting how these will fit in the Wilson Global universe.

 

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#ASX Announcements
stale
edgescape
Added 4 years ago
View author's company report

Templeton Global to merge with WAM Global

Templeton Global and WAM Global have agreed to merge.

WAM and TGG merger announcement

Holders get the option of taking WAM Global shares and options or cash from TGG shares at the NTA price.

 

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Valuation of $1.600
stale
Bear77
Added 4 years ago
17-Mar-2020: The 13-March-2020 pre-tax NTA for TGG (the Templeton Global Growth Fund LIC, which is actually a value fund, not a growth fund) was $1.276, well down from their pre-tax NTA of $1.422 one week earlier. They also went ex-div for a fully franked 2c dividend during that week, which adds to the drop. They do hold BP and Royal Dutch Shell (two of the world's 4 largest oil and gas companies) as two of their top 10 positions, and those two would have been smashed. TGG are trading today at $1.05, so the NTA-discount is significant. Time to get back onboard? They are also not as exposed to the USA as many global funds are, as they have seen more value in Europe in recent years. They also pay good dividends, having a reasonable profit reserve built up years back when they had better performance than what they have exhibited over more recent years. Update: 16-Sep-2020: Weekly Estimated Net Tangible Assets (“NTA”) – Unaudited - Before Tax on 11th September 2020 was $1.369. [not holding TGG] Update: 17-Mar-2021: Weekly Estimated Net Tangible Assets (“NTA”) – Unaudited - Before Tax on 12 March 2021 was $1.601. [still not holding TGG]
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