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Regal Partners Ltd (RPL)

ASX.RPL $2.84

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RPL $2.84

20 MINUTE DELAYED

TODAY

-0.35 %

1 YEAR RETURN

0.00%

VOLUME

99,662

DIV YIELD

3.52%

PE RATIO

450.79

52 WEEK RANGE

1.70

3.36

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	2.84
Change	-0.01 (-0.35)
Bid / Ask	2.75 - 2.84
Volume	99,662
Turnover	280,737
Open	2.90
Day Range	2.74 - 2.90
VWAP	2.82
Prev Close	2.85
Last Trade	19/04 4:10pm (AEST)

KEY INFORMATION
Sector
Shares Issued
NTA/Share	0.00
Last Dividend	0.05
Dividend Ex Date	02 APR 2024
Dividend Pay Date	18 APR 2024

CURRENT ()
Revenue
EBITDA
Profit
Earnings Per Share (EPS)	0
Dividend Per Share (DPS)	0
Yield %	3.52
Market Cap	0
Price to Earnings Ratio (P/E)	450.79

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	0.00
EBITDA	0.00
Profit	0.00
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation ()

0.00

OPINION

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.

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.

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.

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.

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.

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.

24/02/2023 16:26

Regal Partners (RPL) $3.14

RPL -1.26%: full-year results for the fund manager today, shares closed slightly lower on a volatile session. The numbers were solid, if not a little messy given the acquisition of VGI Partners in the middle of the year. FUM ticked higher, seeing $0.7b of net inflows, partly offset by $0.2b of negative performance in the second half.

01/02/2023 09:57

Regal Partners (RPL) $3.71

10/11/2022 17:06

Perpetual (PPT) $33.40 / Pendal (PDL) $3.91 / Regal (RPL) $3.01

PPT +14.82%, PDL –10.93% , RPL +4.15%: This morning the Regal/BPEA consortium increased the indicative offer put to PPT management to $33 up from the original bid at $30. While PPT knocked back the higher bid again, at $33 it represents ~28% premium to 1 day VWAP prior to deal and over the magical M&A level (30%) at 36% on the 30-day VWAP metric, so in other...

09/11/2022 10:31

Emerging Companies Portfolio – Amendment (s)

ACTION

RPL

UPDATED 27/02/2024 11:11

MM remain long & bullish RPL in the Emerging Companies Portfolio

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RPL

UPDATED 12/12/2023 09:47

MM remains long and bullish toward RPL

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RPL

UPDATED 02/11/2023 08:15

MM remains patiently long and bullish RPL

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RPL

UPDATED 24/08/2023 17:12

MM is bullish RPL ~$2.50

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RPL

UPDATED 10/05/2023 09:05

MM is bullish RPL and long in the Emerging Companies Portfolio

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RPL

UPDATED 19/04/2023 10:32

MM is long RPL in the Emerging Companies Portfolio, and bullish above $3

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RPL

UPDATED 24/02/2023 16:26

MM is bullish and long RPL in the Emerging Companies Portfolio

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RPL

UPDATED 01/02/2023 09:42

MM remains bullish & long RPL in the Emerging Companies Portfolio

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RPL

UPDATED 10/11/2022 17:55

MM is now long RPL in our Emerging Companies Portfolio

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RPL

UPDATED 10/11/2022 11:49

MM are buying RPL in the Emerging Companies Portfolio, allocating 4% around $2.84

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Business Summary

Regal Partners Limited, formerly VGI Partners Limited, is an Australia-based provider of investment management services. The Company manages capital for high-net-worth individuals, family offices, VGI Partners Global Investments Limited and VGI Partners Asian Investments Limited. The Company’s subsidiaries include VGI Partners Agricultural Investments No.1 Pty Limited, VGI Partners Asian Investments Management Pty Limited, VGI Partners Investments Pty Limited, VGI Partners Principal Investments Pty Limited, VPPI No.1 Pty Limited and VGI Partners, Inc.

WATCH

Portfolio Manager Harry Watt on Ausbiz, discussing Magellan (MFG), Regal Partners (RPL) & Perpetual (PPT) Recorded Monday 6th March @10.30am

06/03/2023 14:23

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Regal Partners Ltd (RPL)

ASX.RPL $2.84

14 DAYS FREE ACCESS

RPL $2.84

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Really bullish, there's more to go in the reflation rally

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