2227 GMT [Dow Jones]--Regal Partners's share price continues to trade well below all-time highs, despite positive operating metrics that include an 8% rise in funds under management over July-August. Bell Potter believes this may relate to the conversion of various classes of stock into ordinary shares. "There are currently 356 million ordinary shares on issue, with 13 million shares due to convert at end-September, and a further 62 million shares converting in the next few years," says analyst Marcus Barnard. Bell Potter raises its price target by 15% to A$4.10/share, and says this assumes full conversion of the outstanding stock. Regal Partners ended Wednesday at A$2.92. (david.winning@wsj.com)
(END) Dow Jones Newswires
September 24, 2025 18:33 ET (22:33 GMT)
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