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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oakley Capital Investments Limited | LSE:OCI | London | Ordinary Share | BMG670131058 | ORD 1P (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 0.85% | 477.00 | 474.00 | 480.00 | 477.00 | 474.00 | 474.00 | 321,422 | 15:25:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 57.09M | 47.49M | 0.2692 | 17.72 | 841.52M |
Date | Subject | Author | Discuss |
---|---|---|---|
21/6/2022 17:56 | but the buyback is still active? can't see a communication re it ending? | se81 | |
21/6/2022 16:52 | Perhaps because they now realise those buybacks were a waste of money with the discount widening after them? So why repeat the mistake? | kenmitch | |
21/6/2022 16:21 | Now at a 35% discount? Is there any reason why the share buyback isn't operating now when shares were previously purchased at much higher levels (and at a lesser discount)? | se81 | |
13/6/2022 09:14 | More private equity tips (continues from previous page) In addition to those, Numis added in a note last week: Extract .................... Oakley Capital Investments (OCI) on a 33% discount: ‘The bulk of OCI’s portfolio is performing well and delivering strong revenue and earnings growth. We believe this should support the outlook for returns going forward and that the headwind of multiple contraction may be somewhat insulated by a relatively low valuation multiple (14x). ‘In particular, we believe it has some interesting education assets, such as IU Group, and technology businesses, whilst some other assets look like an eclectic mix, this partly reflects the approach of backing a range of successful entrepreneurs. The performance of North Sails and Time Out remain key to near-term returns and we can see some improvement from a low base. We believe sales or reductions in exposure to these assets would likely be positive for sentiment.’ | davebowler | |
10/6/2022 11:59 | Analyst interview | Investment Companies Q&A with Mark Thomas on Oakley Capital Investments (OCI) | How OCI delivered impressive market and peer-beating 19% NAV CAGR growth 2017-21 Oakley Capital Investments Limited (OCI) is the topic of conversation when Mark Thomas Analyst at Hardman & Co joins DirectorsTalk Interviews. After having attended the Capital Markets Day Mark wrote a research note entitled ‘Capital Markets Day 2022 – let the sun shine’. We caught up with Mark to discuss the report and his findings. Mark explains the reason for the note title, the theme of the day, an overview of the group and explains what he discovered in terms of Oakley Capital’s education investments, technology investments and its digital consumer investments. Listen to the interview here: How Oakley Capital Investments delivered impressive market and peer-beating 19% NAV CAGR growth 2017-21 on Vimeo | someuwin | |
09/6/2022 11:12 | Donald, I agree with you, an interesting asset class. I haven't invested and slightly regret not participating in earlier IPO's in the space. I don't like the premiums offered now and fear rising interest rates are going to hurt the business model assumptions. Not sure either how wage inflation can be passed on through the pricing | makinbuks | |
09/6/2022 11:09 | BB and Rambutan, I agree with you. I love the fact that companies like OCI offer PI's access to the sort of deals KKR and others do for the benefit of institutions. I would also point out that OCI's stated USP is their understanding of, and access to, entrepreneurs and what they want/need from a backer. KKR and the like don't typically enter at that level but follow on when the business case has been established. Their forte, as you point out, is to scale up the growth opportunity, so its a perfect fit. | makinbuks | |
09/6/2022 06:41 | It's slightly off topic but when you comment about rolling out data centres I think some of the specialist digital infrastructure funds a worth a look. I own DGI9, but CORD and there's a Gravis open ended one are both alternatives. They are an interesting asset class because once you have something like a data centre, you have a reliable income stream but it is also much cheaper to add capacity to an existing one than start a new one from scratch, so the capital growth avenue exists too. | donald pond | |
08/6/2022 23:10 | Makinbuks, OCI have taken £22m CASH out of the deal. At the 31/12/21 Y/E nav, Contabo was valued at £13.7m. KKR are no soft touch at the negotiation table. They have every incentive in getting as good a deal as possible for their LPs and ultimately for themselves. Contabo will have been bought with the expectation of a long runway of growth ahead. And with the £37m OCI put back in they can ride on the coat tails of a very high quality and big pocketed fund. I don't imagine rolling out data centres is a cheap business and KKR will be able to turbocharge the process. | rambutan2 | |
08/6/2022 21:43 | KKR obviously feel the new valuation is good value because they have paid it. KKR have a pretty good record at making money from private equity and are no mugs. | biggest bill | |
08/6/2022 18:56 | Oakley Fund 4 sells to Oakley fund 5. OK KKR have invested alongside them this time but its just churn within the PE market. Doesn't prove the valuation one way or the other in my view. Never the less it can only be positive for OCI | makinbuks | |
08/6/2022 11:53 | Steeplejack, with the yellow strip showing 398/403, Numis have more than 100,000 shares on offer at 398.1 Deffo punters buying through their broker at that level but clearly there is the equivalent seller. Classic OCI price action. | 1968jon | |
08/6/2022 11:37 | Lot of buys being logged by ADVFN as sales.Stock available for purchase in 398s. | steeplejack | |
08/6/2022 09:46 | With this transaction, Oakley has shown how conservatively they value their companies. Hopefully, the discount should now start to shrink from the current ridiculous level. | biggest bill | |
08/6/2022 09:24 | I am happy that Oakley has reinvested in Contabo. Contabo is in a very strong growth sector and Oakley obviously think that Contabo can grow a lot bigger. One of the biggest mistakes that private investors do is selling their best performing investments too soon. | biggest bill | |
08/6/2022 08:02 | Make it a net increase in NAV of 13p. (post sale and reinvestment). Sale value 34p, reinvestment 21p. | elsa7878 | |
08/6/2022 07:37 | Annoying. Just started buying in the last couple of days. Market is sceptical of investment carrying value as investments are off market. All OCI can do is realise value as and when and prove that they know more than the sceptics. A 17p / 100% uplift from end of March valuation in this market is impressive. Not quite sure why they have reinvested the majority of the proceeds...why not just sell a smaller stake. | elsa7878 | |
08/6/2022 07:10 | Sounds good:- Oakley Capital Investments Limited Oakley Capital Investments Limited(1) ("OCI") is pleased to announce that Oakley Capital Fund IV(2) ("Fund IV") has reached an agreement to sell its stake in Contabo, a leading cloud hosting platform used by SMEs. OCI's share of proceeds will be c.GBP59 million and the sale represents a c.105% premium to the 31 March 2022 carrying value, an uplift of c.17 pence per share to the Company's NAV. As part of the transaction, Oakley Capital Fund V ("Fund V") will invest in Contabo alongside KKR. OCI's indirect contribution via Fund V will be c.GBP37 million. Note that the above figures only relate to OCI's share of proceeds and its share of Fund V's overall investment in Contabo. OCI's liquid resources available for future deployment (including this transaction) are estimated to be c.GBP178 million. Further details on the transaction can be found in the below announcement from Oakley Capital(3.) | cwa1 | |
06/6/2022 11:37 | Good value then | my retirement fund | |
06/6/2022 11:05 | I didn't think that I would be able to buy this at 381p again. The discount is now over 33%. Sometimes the stock market is irrational and I think that this is one of those times. | biggest bill | |
06/6/2022 10:05 | Liberum have this close to the top of their 'Cheap' buys in Investment Trusts due to the discount. | davebowler | |
06/6/2022 09:58 | Rather odd that they stopped buying back shares. IIRC they had plenty of firepower left and having been buying back at 430 a month ago, why not at 385 now? Material news in the offing? I don't think it's a closed period | donald pond | |
02/6/2022 12:45 | Numis Securities has tipped Oakley Capital. This is the relevant part of their article on private equity. Another strong core option is Oakley Capital, a trust that focuses on mid-market European buyouts in the consumer, technology and education sectors and has had a strong run in recent years. Indeed, it is among the top quartile of the IT Private Equity sector over one, three and five years, making three times more (149.8%) than its average peer (49.7%) over the latter period. However, it is in the bottom quartile over 10, making a return of 243.3%. Shares remain at a discount due to “legacy issues”, Lovett-Turner said, such as dilutive share issuance, confusing portfolio disclosure, high fees and a concentrated shareholder register. “We believe that not only have these been addressed, but the trust arguably has amongst the strongest corporate governance in the sector, which includes a repeated pledge to not issue at a discount, removal of fees on co-investments, and the most significant buyback programme in the sector,” he said. This, combined with a portfolio that is performing well and delivering strong earnings and revenue growth, makes it an appealing option for investors. | biggest bill | |
19/5/2022 17:41 | PE funds took a huge hit during the GFC and are usually highly correlated with wider stock market sentiment. I referenced the 3i 2007-2009 price action on that board earlier today - added some 3i at the same time. More interesting markets of late which will hopefully offer up opportunities. | essentialinvestor | |
19/5/2022 17:27 | Agree with that Bill and really, given the cash on the balance sheet the real discount is even higher. The businesses OCI owns are pretty robust and the current discount very generous | donald pond |
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