here is a link from todays SMH about Regal, or just read the snippet below and you get an idea. One day after we find out they increased their holding in Zoono.
Sydney investment guru Phil King says now is a good time to be short-selling stocks, after his firm signed a binding merger agreement with VGI Partners to become the country’s leading alternative investment house.
ASX-listed VGI Partners and Regal Funds Management announced on Wednesday a binding agreement to fully merge operations under fresh branding for a company that will be listed on the ASX under a new ticker.
Both firms have been pioneers of short-selling in Australia, using a strategy where the investor seeks to benefit from falling stock markets by leasing shares at a certain price, returning them when the stock falls and pocketing the difference.
ZNO Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
