Gotta love the attitude, proven failure over 7 years so lets ramp up gross exposure from 150% to 200%. The get out stakes in the last!
So from the old prospectus days
- virtually whole team walked out the door - never focused on dividends but now investing to produce a high dividend LIC - previously quite concentrated now they seem to want to include more securities? - portfolio turnover since Regal came in seems to be now the extremely high turnover approach? - PK oversees the PM's but how many different portfolios is he managing, how many Regal acquisitions does he still spend his time thinking about?
Complete overhaul from the prospectus but sorry you are all locked in. Don't like it - sorry hit the sell button at 82c in the dollar, tough luck suckers.
And to think the idea of taking over PM Capital was to build Regal's relationship with the retail investor. Good brand building Regal.
Perhaps the only bright spot is if these mandate changes are so that Paul Moore gets the portfolio more to his liking?
VG1 Price at posting:
$1.83 Sentiment: Hold Disclosure: Held
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