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.

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Regal Partners Ltd

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Post by witekon Jun 18, 2013 3:13pm

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Post# 21538734

from today's Globe and Mail

What is happening with the “strategic review” at Renegade Petroleum (RPL)? Should we hold on or sell out now?

by David 11:26 AM
I'm holding my shares and even bought more when the stock hit ~ $1.20. I thought PDP reserve value would serve as a floor value. they are more than 1 month into the process...

by Eric Nuttall 11:27 AM
the problem with RPL is not one of the assets, but is strictly of a balance sheet issue. management spent and incurred $40MM of expenses that they had not expected. this blew the d/cf to almost 3x

by Eric Nuttall 11:28 AM
everyone that I have talked to agrees that there is much more value in the assets than the current share price/enterprise value. you need someone to come in that is better financed and then suddenly the overleveraged problem disappears and the real value of the assets can be realized

by Eric Nuttall 11:29 AM
I don't think the company exists in its current state. that is my bet.