Regal Partners just merged with VGI to create a new larger alternative fund manager that will be known by the former name. The company still trades under the VGI.AX ticker but is expected to switch to RPL.AX. It seems undervalued to me at a PE of 6 and so I bought some shares. Especially, as that is based on VGI's inferior track record to date.
Monday, June 06, 2022
New Investment: Regal Partners
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2 comments:
Hope it was a small parcel -- RPL.AX seems to have dropped about 19% since 6 June, and was down 11% today due to the general market sell-off amplifying whatever investors don't like about RPL in particular. A low PE usually indicates a general expectation that E is going to decline, so the 'future PE' is expected to be brought into line by the decrease in E, not that P is going to shoot up. Was there something in particular about RPLs investments that made you think that E would be robust and that P had simply dipped for some transient reason?
Down about 1/3 in two weeks... must be an even better bargain now :)
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