Regal Partners Ltd V.RPL

Primary Symbol: VGIPF

Financial Services Asset Management

Regal Partners Limited is an Australia-based company, which operates as specialist alternatives investment manager. The principal activity of the Company is the provision of investment management services, specializing in alternative investments. It is engaged in managing a diverse range of investment strategies covering hedge funds, private markets, real and natural assets, and capital solutions on behalf of institutions, family offices, charitable groups and private investors. The Company has seven alternative investment management businesses: Regal Funds Management, PM Capital, VGI Partners, Taurus Funds Management, Attunga Capital, Kilter Rural, and Merricks Capital. The Company operates offices across Australia, Asia, United Kingdom/Europe, and North America.

OTCPK:VGIPF - Post by User

Regal Partners Ltd > Monday dividend announcement

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Comment by InvestorSuperfanon Jun 13, 2013 11:06pm

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Post# 21523936

RE: RE: RE: Monday dividend announcement

Hawk, I think the debt will be higher in Q2. The Q2 numbers will probably be released around mid-August (last year the date was August 13). The reason I believe the bank debt will be higher is it stood at $275M on a $325M LOC limit on March 31, 2013 and RPL subsequently received a $10M increase in their line of credit limit (as I've stated before, I think they asked for more but were refused). The continuation of the montly dividend through Q2, capex requirements, and possibly no asset sales by the end of this month all make it hard to believe the debt for Q2 will be lower than $275M (wouldn't be surprised if it exceeds the $300M mark). I wouldn't rely on any expectation of Q2 cash flow to produce Q2 numbers that reduce the debt and fund Q2 capex while paying out the full dividend for all three months of Q2.

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