extract from the Regal stock in focus email from Friday
Life 360 (360.ASX) is a significant investment for Regal Funds. At time of writing Regal has an economic interest of 8.5% of Life 360, an investment spread across a variety of our Small Companies, Emerging Companies, Tactical Opportunities and Australian Long/Short Hedge Funds. 360 is a top 5 or greater long position in all of these funds.
Today, 360’s share price reacted strongly (+37%) to confirmation of better-than-expected CY2023 results (+30% vs consensus), a CY2024 guidance upgrade, and clarity on the monetisation pathway towards positive EBITDA in CY2025. The results and guidance also reduced the likelihood of 360 requiring any further equity capital to fund growth.
Ann: Weekly Estimate NTA for 01.03.2024, page-7
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Mkt cap ! $628.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 5379 | $3.30 |
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| Price($) | Vol. | No. |
|---|---|---|
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