26/03/2025 09:45

Regal Partners (RPL) $2.54

As at the end of December, Regal was managing $A18bn spread across long/short equities ($7.6bn), Credit & Royalties ($6.6bn), Real & Natural Assets ($2.2bn), Multi-Strategy ($1.2bn) and Private Markets ($474m).

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26/02/2025 17:52

Regal Partners (RPL) $3.34

RPL -6.7%: A softer than expected FY24 result today with top line revenue below expectations, and growing talk about when they will have another crack at Platinum (PTM), given PTM are languishing around ~60c (they were ~90c when Regal last had a crack).   

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18/09/2024 09:20

Regal Partners (RPL) $3.20

Yesterday morning it emerged that Regal was in talks with Platinum Asset Management (PTM) to acquire the well-known, but recently out of favour fund manager for around $660m. If successful, RPL would pick up $12.2bn of Funds Under Management (FUM), adding to RPL’s current $16bn pile. The deal makes sense on several levels, and after failing to ‘win’ Perpetual back in November of 2022, when RPL bid $33/sh (PPT closed yesterday at $18.57), they are back in the hunt for a big deal.

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09/05/2024 09:04

Regal Partners (RPL) $2.90

Alternative asset manager RPL delivered a strong 1H24 result earlier in the year, which saw FUM hit $11bn. This, combined with a strong balance sheet and solid performance, is an exciting backdrop for RPL.

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22/02/2024 17:17

Regal Partners (RPL) $2.75

RPL -0.72%: strong 1H24 result from the alternative asset manager, with FUM hitting $11bn, a strong balance sheet with $240m net cash, and performance holding up which is important for future FUM flows. Not a lot of analyst coverage on RPL, however, revenue up 17% to $112m delivered an underlying profit after tax of $32.7m, up ~32% on pcp – both solid.

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12/12/2023 09:23

Regal Partners Ltd (RPL) $2.46

RPL is a smaller $740mn Sydney-based fund manager that has shown an aggressive tilt towards growth, with FUM now sitting at ~$10bn. While we view the stock as reasonably expensive relative to their FUM, recent growth builds scale and diversification with a distinct skew towards alternative strategies. Phil King heads up the group and he is a deal maker, our view being that Phil is looking to get big, then get out.

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01/11/2023 16:51

Regal Partners (RPL) $1.89

RPL +7.71%: shares in the Fund Manager had their best session in 18 months today following a Funds Under Management (FUM) update alongside an acquisition. Regal is taking a 50% stake in Taurus Funds, a financing company managing $2.3b invested in junior to mid-tier mining companies.

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24/08/2023 17:06

Regal Partners (RPL) $2.50

RPL +5.49%: The fund manager announced strong 1H23 numbers today with Net Profit up 98.5% to $13.1m, covering more than half of the FY23 consensus numbers in the process.

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10/05/2023 09:24

Regal Partners (RPL) $3.18

Regal manage 5 strategies, largely geared towards alternative mandates (i.e. long/short, agriculture etc) with FUM as at the end of the 3Q of $5.5b. While they tend to have a higher fee structure than peers, Regal’s specific strategies justify the numbers. In the first 3 months of the calendar year, they had inflows of $200m, with net flows for the first 9-months just shy of $900m well and truly on track to beat their $1b net inflow target for the year.

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19/04/2023 09:23

Regal Partners (RPL) $3.28

The fund manager was out with a quarterly update on Monday night showing net inflows of $200m, with an additional ~$100m earnt through performance. This takes the group Funds Under Management (FUM) to $5.5b and only requires an additional $100m in net flows in the fourth quarter to hit the $1b mark for the year. While the numbers were in line with expectations, we were slightly disappointed with the flows given $200m was earmarked earlier in the year for their new Private Credit fund.

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