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Regal Partners Ltd V.RPL


Primary Symbol: VGIPF

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

Comment by InvestorSuperfanon Jun 14, 2013 12:17pm
188 Views
Post# 21525519

RE: Eric Nuttal

RE: Eric Nuttal

Eric Nuttall's Sprott Energy Fund only reports it's top 10 holdings on a quarterly basis and it's financial statements semi-annually (which is typical for mutual funds).  Thus, the latest financial statements for this fund were as at Dec 31, 2012. At that time, Nuttall's energy fund owned 3,500,000 RPL shares purchased at a total cost of $10,796,310 for an average purchase price of $3.08 per share. The $10M+ invested in RPL was also the #1 stock in his portfolio re. amount of money invested, with Crescent Point Energy at #2 (Crescent Point was #1 in terms of current market value, with RPL at #2, because CPG's share price likely wasn't down as much overall as RPL's since the time he bought shares in the two companies for his portfolio). The last "top 10 holdings" list was as at March 28, 2013. RPL was the 6th largest current market value weighting in the portfolio on that date. The drop of RPL from #2 current market value weighting on Dec 31, 2012 to #6 on March 28 could be due to RPL's stock price falling much farther than other stocks in his portfolio (ie, he may still have owned the 3.5M shares, but the sharper price decline vs. other stocks in his portfoilo may have dropped RPL's current market value from #2 to #6). The June 30, 2013 financial statements will give us an update on the number of shares he still holds in the fund at that point, his average cost per share, and the new current market value of RPL in his portfolio. Of course, if during his upcoming appearance on Market Call Tonight, he, like Bruce Campbell, has bailed out of the stock (provided of course, that someone calls in and asks about RPL or it's one of his "past picks"), all of the above is moot. If he still recommends RPL in his upcoming MCT appearance, we unfortunately won't be able to see if he's putting his mutual fund unitholders' money where he mouth is until the June 30, 2013 financial statements are released (The documents should be released sometime in August). I have seen him on MCT before, but I can't recall if the graphic they show on the screen during discussion of the stock indicated if he personally owns shares of RPL, or if he simply invested his mutual fund clients money in the stock....?

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