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12/10/19
18:29
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Originally posted by pastperformer:
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You realise your beloved Regal are one of ISX's biggest supporters. Phil King is not an idiot when it comes to picking quality small companies. IMO he is one of Australia's best stock pickers. Nobody lied about anything. He avoided disclosure for obvious reasons, there was no obligation. In hindsight they probably could have handled it better, but who could have known it would have blown up this much. Plenty of small companies on the ASX have large shareholders with private structures. Go and look for the owners of "Black prince" on the Bellamy's register. I dont care if you have been investing for 70 years, time in the market is not necessarily an indicator of a savvy investor.
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Regal got out according to their latest newsletter fyi. I believe they only held it in their Emerging Companies funds which has fully sold out (prob near the high).