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Oakley Share Discussion Threads
Showing 176 to 200 of 200 messages
|Someones just piled into the right shoulder - traders favorite
|Moving north again this morning on low volume.|
|Trouble with OCL is, never clear if you've seen a bottom or an a*se. Fingers crossed.|
|The NAV per share as stated on Monday is £2.25 per share. Today we have moved up to trading at £1.33 so the upside here is huge.|
|Don't think that quite clears Sarasin out? But agree they've previously been the seller. I'm hoping it's buyback rather than Invesco/Ruffer.|
|Hadn't realised how tightly this is held. The top 8 holders own 89% of the equity, so at least one of them must be the seller (approx. 3.2% in and out).|
|Sarasin selling, Woodford and Invesco/ Ruffer buying is my guess.|
|Would be very NAV-accretive if so - the reverse of their previous share issues at a discount! Time will tell, hope we don't have to wait too long for RNS.|
|Possibility that they have been bought for Treasury/cancellation.|
|Around 6.5% of the co over those 3 trades - what interests me more than who's sold is: "who's bought"?|
|There has been a disillusioned seller around, and if not cleared, it has at least dented the overhang.|
|No doubt these trades actually happened days ago, but just reported are 3 gargantuan blocks at 128p:
Who's sold? Who's bought? Hopefully this isn't another "placing below NAV" event.|
I dont intend to be around long. Already overweight in PE, especially JPEL, but also BCAP, PINR, and PEY.|
|tilton, they've done discounted placings twice. In March 09 and in March last year. So fails big time the trustworthy test. Ok perhaps for a quick trade but not for a longer hold. Been great for the manager, and LPs of the underlying funds must have done well, but not shareholders in this.|
|Ok, thanks tiltonboy.|
|I've bought in at this level.|
Marwyn issued shares to Invesco at a deep discount to the NAV.|
|There are certainly similarities - but at least OCL doesn't have Robert Ware managing things!|
|The one disturbing matter that I noted was that Invesco did a "Marwyn" on OCL as well.|
|Glad to read you've also decided to take a few on board - 42% discount at 130.5p.
There has to be a distinct possibility that Simon Thompson will mention today's RNS in his IC Online column - so if anyone else is wondering whether to BUY or top-up - perhaps do so before mid-day...|
|I've joined the party this morning, but with full-weight exposure to PE, not one that I will be buying widely.
Plenty on offer at 130p.|
|"As an update to the previous announcement made on 5 September 2016, Oakley can now confirm the transaction has completed following approval from the relevant regulatory authorities.....The transaction values OCL's indirect economic interest in the Group at EUR67 million, including its cash returns of EUR43 million. This will result in an uplift of GBP19 million (52%) over the carrying value reported on 30 June 2016. This is equivalent to a 10.1 pence increase to the NAV per share, which lifts the adjusted OCL NAV to GBP2.25 per share. (GBP/EUR: 1.11) "
Not new, but nice confirmation & a cavernous discount.|
|RAM - thnx for reminding us of that detailed work. Re yr 137, if you struggle with OCL's TMO valuation, what hope for the rest of us!|
|My guess is that it's more than the small sells - if they're delaying my trade that long, I bet we'll see some blocks go through in 2 or 3 days, ie late-reported blocks Particularly with the prices from the RSPs.
What I still want to know is - who's selling.
@rambutan2 - agreed re opacity comments, & did previously read your view on the TMO 7p valuation drop, which hopefully won't recur now it's listed. What I've never been clear on with OCL is - when will the shareholders see a return?
On the plus side - they hold a lot in Euros which should be assisting NAV, and I'm always a sucker for a fat discount.|