Skip to Content

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. They still managed to gain $14.5m in performance fees despite difficult market conditions, positive 2H NPAT of $18.2m. The balance sheet is in great shape, even after the acquisition of East Point which they picked up earlier this month. Regal are doing a good job of growing organically and through M&A, we expect to see further consolidation in the space which will benefit RPL.

MM is bullish and long RPL in the Emerging Companies Portfolio
Add To Hit List
image description
Regal Partners (RPL)
image description

Relevant suggested news and content from the site

Back to top