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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 18, 2013 6:50pm
114 Views
Post# 21539516

RE: more from the Globe and Mail interview today

RE: more from the Globe and Mail interview today

Oops....looks like witek beat me to the punch re. posting Nuttall's comments on this board.....plus, witek posted some additional info I did not see in my initial cursory scan of the discussion. Thanks witek. The additional info witek posted is interesting. Concerning the value of the assets, Nuttal states he is "........not talking a 100% premium or anything but the value of this company in my opinion exeeds the current share price by a fair margin". Thus it appears Nuttall believes the company is worth significantly more than the current price of $1.12 per share, but not as high as $2.24 per share or more. That is of little comfort to those who bought RPL shares in the $2.20s or higher. There are additional concerns: 1) Is there a company out there that has the cash, wants RPL's assets, and is willing to pay in the neighbourhood of $2 per share? 2) Would such a takeover offer be acceptable to RPL shareholders / management, or would it be rejected? 3) What will RPL's Q2, Q3, and Q4 numbers look like if no such cash-rich company and acceptable takeover / merger offer presents itself and RPL has to go it alone? Also, the idea that the huge decrease in RPL's share price is typical of what's been happening to Canadian O&G companies over the past year is false. RPL's share price went from $2.84 on June 18, 2012 to $1.12 on June 18, 2013 (a one-year decline of 60.6%). Over the same one-year period, other dividend paying junior O&G stocks fared much better: TBE went from $2.42 to $2.26 (a decline of 6.6%, and TBE produces heavy oil, not the light crude RPL has on its properties), WCP went from $7.27 to $10.81 (a huge gain of 46.7%, and WCP isn't even a pure oil play -  I believe it has about 30% natural gas), Even LNV only went from $8.08 to $5.00 (a decline of 38.1%). Thus, as it stands today, RPL shareholders have experienced one of the worst one year stock price drops among Canadian oil and gas stocks, senior or junior. It's not just the Canadian O&G market, price differentials, transportation bottlenecks, etc.  It's also RPL in particular.

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