Oakley Share Discussion Threads

[jaws6] 02/9/2014 14:26

4,425,950 trade at 155

[dudishes] 03/7/2014 13:20

G'day jlo10, wasn't me, I along with a few others disposed on mine 26 Jun.
cheers Dud

[jlo10] 03/7/2014 12:34

Someone has just sold 14,236,762 shares at 158p

[dudishes] 25/6/2014 13:52

G'day, Problams at mill!



cheers

[bigdazzler] 14/5/2014 12:11

Oh blondeamon,You knock Simon Thompson so much as evidenced on a certain thread and then this happens.

Now is this coincidence that he puts a positive article out about Oakley just before you decide to force this thread back to the top of the posting tree thread?

Why do you this? I await your reply with interest.

Have you decided you was wrong and Simon Thompson is a true professional in his trade? If so a little more meat on the bones would have been nice than a simple . post.

[bamboo2] 09/5/2014 23:26

The company confirmed that it no longer had an operational relationship with Oakley Capital Management. Mr Newman said: "We would like to thank Peter Dubens and his team at Oakley for their support with the launch of Woodford Investment Management."

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I could not reconcile the Dubens character in partnership with Woodford.

[jaws6] 25/4/2014 07:55

Result out .nav up to 200 p from 181

[jaws6] 08/4/2014 09:10

Any one got next result date ?
Thanks.

[jaws6] 04/4/2014 13:06

Ready to go ?

[bamboo2] 03/4/2014 23:22

About 200,000 private investors were reassured today that their money would continue to be run by Neil Woodford, the renowned fund manager.

Mr Woodford, who produced handsome returns for investors in Invesco Perpetual's Income and High Income funds, will continue to manage three funds for St James's Place when he leaves Invesco at the end of this month.

St James's Place is switching management of three funds – UK High Income, Income Distribution and UK Equity – from Invesco Perpetual to Mr Woodford's new firm, Woodford Investment Management.

Nearly half of all St James's Place customers or about 200,000 people have money in the three funds, which total £3.65bn. Mr Woodford has managed St James's Place funds since 2001.

Meanwhile, Threadneedle will take over management of two St James's Place "strategic managed" funds, which currently have £3.35bn under management. Paul Boyne and Doug McGraw of Manulife Asset Management will take over the St James's Place Global Equity Income fund, with £720m under management.

Chris Ralph, chief investment officer of St James's Place, said the changes were "the most significant and high profile" in the firm's 23-year history. "These changes are important in terms of the number of clients affected and the scale of the assets involved," he said.

In total, St James's Place is withdrawing some £8m of client funds from Invesco Perpetual.

St James's Place offers face-to-face advice to more than 400,000 clients, who typically have between £50,000 and £250,000 to invest, through a national network of around 2,000 advisers.

Customers pay 1.5pc a year to St James's Place for its services, in addition to the fees to fund managers, which typically brings the total cost to between 1.8pc and 2.1pc a year. Total charges for St James's Place customers investing in the UK Equity fund are 1.96pc, while the ongoing fees for the Income Distribution fund and UK High Income are 1.96pc and 2.12pc respectively.

Mr Woodford has being replaced at the helm of Invesco Perpetual's Income and High Income funds, as well as at the Edinburgh investment trust, by Mark Barnett. Mr Woodford's new firm will launch a new UK equity income fund, run in the same way that he managed the Income and High Income funds at Invesco Perpetual, when regulatory approvals are in place.

[jaws6] 01/4/2014 12:15

small move up ?

[bamboo2] 22/3/2014 11:50

"As soon as all regulatory approvals are in place, the company will launch a new UK equity income fund, which Mr Woodford will run in exactly the same way that he managed the Income and High Income funds at Invesco Perpetual."



Neil Woodford, Britain's most celebrated fund manager, has handed over control of his two flagship funds, Invesco Perpetual Income and High Income, almost two months sooner than investors expected.


On Thursday responsibility for managing the two giant funds, worth a combined £21.5bn, passed to Mr Woodford's successor, Mark Barnett.


Mr Woodford will remain, as expected, at Invesco until April 29, but will no longer manage any money for private investors.


When Invesco announced his departure in October last year, it implied that Mr Woodford would play a role, if diminishing, in running the Income and High Income funds until the day of his departure.


The company said at the time: "Neil will remain responsible for all funds for which he is the named manager through a transition period during the six months prior to his departure.

At the end of the transition, Mark Barnett will be named manager of the Invesco Perpetual High Income fund and the Invesco Perpetual Income fund."

But in statement on Thursday Invesco said: "Mark Barnett has assumed responsibility for the Invesco Perpetual High Income fund, Invesco Perpetual Income fund and the Invesco Perpetual UK Equity Pension fund."

After he leaves Invesco, Mr Woodford will start a new fund management company called Woodford Investment Management, which is currently seeking regulatory approval.

The new firm will use the infrastructure of an existing investment business, Oakley Capital, in order to start operating quickly. As soon as all regulatory approvals are in place, the company will launch a new UK equity income fund, which Mr Woodford will run in exactly the same way that he managed the Income and High Income funds at Invesco Perpetual.

The new company, which has already recruited more than a dozen staff, intends to become a mainstream asset management business.

Mark Armour, the chief executive of Invesco Perpetual, said: "Client response to Mark Barnett has been extremely positive. Our transition plans have progressed well since October 2013, and Mark is ready to assume responsibility for the funds.

Mr Barnett said: "We will continue to take the active, value-driven investment approach with a long-term focus that has contributed to the funds' strong performance over the years."

In an interview with The Telegraph last year, Mr Barnett said he shared much of Mr Woodford's approach to investing.

"The way Neil thinks about how to extract value from the stock market is very much the way I think," he said. "We are both long-term investors who only buy companies we have conviction in. We both believe in carrying out fundamental research into companies before we buy their shares."

[bamboo2] 22/3/2014 11:40

Blimey, the price has almost perfectly followed my chart idea, although my red line was only meant to measure the target. looks like that was a head and shoulders then!

[bamboo2] 15/3/2014 19:32

By Bradley Gerrard | Published Feb 06, 2014 | 0 comments

Oakley Capital Investments Limited (OCIL) has delivered what it called a year of "very significant progress" in a trading update for 2013.

The update is in relation to the AIM-listed company which provides investors access to the investment strategy pursued by Oakley Capital Private Equity Limited Partnership and its other funds.

The Limited Partnership's portfolio of investments comprises six businesses: Daisy Group; Verivox Holdings; Time Out Limited and Time Out America LLC (together, "Time Out Group"); intergenia Holding GmbH; Broadstone Pensions and Investments Limited; and Educas Investments LLP ("Educas").

The update for the 12 months to December 31 said it expects that OCIL, the listed entity, will have a net asset value of roughly £245m-£247m creating a net asset value per share of £1.98-£2 - strong progress from the £1.81 level as at December 31 2012.

It added OCIL sold four investments of which two were "significant".

The update did not mention Neil Woodford's forthcoming arrival. He will join Oakley Capital Management on May 1 and will run a retail asset management business.

Peter Dubens, director of OCIL, said: "2013 has been a year of very significant progress for OCIL with [the net asset value] per share up over 9 per cent year on year based on strong exits made by the Limited Partnership and the underlying financial performance of the remainder of the investment portfolio.

"2014 has started strongly with an interesting pipeline of proprietary investment opportunities under consideration."

[bamboo2] 14/3/2014 19:53

IF he does remain in UK equities...

Assuming the new manager at Invesco holds on to existing shares, could we see a squeeze in sp's as Woodford attempts to build positions in the same markets?

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edit added, Possible Head and Shoulders here?

[bamboo2] 14/3/2014 19:45

A quick search reveals part of the answer,

Neil Woodford's new project at Oakley Capital will see him run money branded under his own name, Fundweb can reveal.

Woodford Investment Management LLP was incorporated on 15 January 2014. The firm is based in the same building as Oakley, which Woodford will join on 1 May.

The firm declined to comment on the news.

When Woodford's move to Oakley was confirmed, the firm said it would be providing the star manager with the infrastructure he needs to manage retail and institutional clients' money.

A number of Woodford's former colleagues have since announced a move to Oakley. Ex-Invesco Perpetual head of global equity products Nick Hamilton will join as chief operating officer while former Invesco Perpetual head of sales Craig Newman has already started as head of retail asset management.

Hamilton is a director of Woodford Investment Management LLP, alongside Richard Graham Catherwoord Smith.

Speculation is still rife over the exact nature of Woodford's new venture, with some commentators arguing he will remain within UK equity income while others are tipping a move into a new area such as private equity.

Oakley Capital, which has assets under management of more than $1bn, is best known as the part owner of Time Out magazine

[bamboo2] 14/3/2014 19:39

Hi Dudishes, thanks for the reply, having just re-read the last 20 or so posts, I now 'get' your stance.

One of CR's golden rules is '~Stay away from AIM if it's based overseas.'

Probably good advice.


So just WHAT is it that has attracted Woodford here?

[dudishes] 14/3/2014 16:55

bamboo2, sorry for late reply. I mentioned AIM and Bermuda because of Dubens. Tod date, seems their investment strategy has worked, but whilst prepared to take a gamble, do not trust this outfit and I cannot make the AGM this year. I'm sticking with it for now, button is easy to press at any time.
cheers

[tiger20] 31/12/2013 12:48

I am not a chartist but the stock rise looks good and should accelorate once we get into the new year nearer April/May when Neil Woodford joins the company bringing with him some wealthy punters (thats my take for buying the shares)

[spob] 31/12/2013 12:44

Good stuff

[bamboo2] 26/12/2013 13:50

Interesting about Woodford.

I never thought I would follow a Dubens headed venture again after Pipex, where I discovered the use of convertibles for the first time. I had got the impression the Oakley was mainly run for the benefit of the insiders. Things change I guess.

Du, what is your take on the significance of Bermuda?

edit, As of 4th November, Invesco Perpetual holds 31.65% shares.
Is there any possibility that there is a clash of interests here?

=======================================================

Ex-Invesco sales director Newman to join Woodford at Oakley Capital

23 December 2013 | By Jon Yarker


Craig Newman, who worked with Neil Woodford at Invesco Perpetual for 12 years, has joined Oakley Capital - which Woodford himself will be joining in 2014.

Newman, a former sales director at Invesco, joined Oakley Capital in November 2013 and assumed the newly-created role of head of retail asset management.

Newman departed Invesco in November 2012, after joining in 1993 as regional sales manager for the north of England.

[dudishes] 23/12/2013 15:30

bought moons ago at 70ish, you must be aware, Bermuda based and AIM so careful as one goes.

[tiger20] 23/12/2013 13:33

Just bought a few OCL - Neil Woodford is going to start up a fund in April 2014 and I imagine a few of his followers from Edinburgh Investment trust will switch over-which should help OCL share price.

CR probably wont like it as its an AIM stock based in Bermuda.

Neil Woodford no fool he overlooked £3bn upwards for Investec.just need some of this money to transfer to his new fund.

imo