Regal Partners Ltd (ASX: RPL)
Hi James, RPL after reporting , the share price drops substantially. Is the performance of company still stack up and will perform better in 2027 ? Thanks for your insight. regards, John
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Answer
Hi John,
As you say Regal Partners (RPL) has fallen ~10% over the last 2-weeks despite reporting a solid 1H26 result – NPAT up 108% to $93.3mn, and its dividend being doubled to 12c. However, several factors have weighed on the share price short term.
- the announcement of Phil King’s pending retirement, which the market is treating as a material key-person risk event.
- The board’s buyback (up to 25m shares / ~$75m) is currently paused pending a capital management review — removing a mechanical source of share price support just as the stock is under pressure.
- The company’s exposure to private credit, via Merrick’s.
At this stage, we think RPL remains a buy (& we hold it), and with Phil leaving next year, we actually think RPL could be attractive for a suitor – maybe Magellan (MFG)/Barrenjoey at some point in the future.
