The specialist alternative investment manager has seen its share price fall more than 30% year to date.
According to Ord Minnett, it delivered a strong first-half FY26 result, though attention focused mainly on the announced transition to retirement of founder and portfolio manager Philip King.
Normalised net profit after tax reached $93 million, more than double the earlier corresponding period, and 3% ahead of consensus.
Based on this guidance, Ord Minnett lowered its price target on this ASX financials stock.
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According to Ord Minnett, it delivered a strong first-half FY26 result, though attention focused mainly on the announced transition to retirement of founder and portfolio manager Philip King.
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The article, shortened and in plain language
It has been a tough 12 months for ASX financials stock Regal Partners Ltd.
The specialist alternative investment manager has seen its share price fall more than 30% year to date.
In recent months, this ASX financials stock has been highlighted for its dividend yield – and for good reason.
According to Ord Minnett, it delivered a strong first-half FY26 result, though attention focused mainly on the announced transition to retirement of founder and portfolio manager Philip King.
Mr King is responsible for about 16% of RPL's funds under management, or $3.4 billion, and will remain in his current roles until at least 30 June 2027. Normalised net profit after tax reached $93 million, more than double the earlier corresponding period, and 3% ahead of consensus.
Ord Minnett also highlighted the standout contributor during the most recent half was performance fees which came-in at $119 million.
"Performance fees may moderate in the second-half of FY26 given the amount of FUM that is at, or within, 5% of its high-water mark, has fallen by $1.1 billion in the six months to 30 June 2026."
Based on this guidance, Ord Minnett lowered its price target on this ASX financials stock.
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