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OCL Oakley Capital Investments

169.00
0.00 (0.00%)
01 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Oakley Capital Investments OCL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 169.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
169.00 169.00
more quote information »

Oakley OCL Dividends History

No dividends issued between 02 Jul 2014 and 02 Jul 2024

Top Dividend Posts

Top Posts
Posted at 02/5/2017 16:03 by skyship
Peter Dubens bought another 100k @ 152.19p av'ge last Friday:
Posted at 02/5/2017 07:39 by cwa1
Acquisition of Plesk

Oakley Capital Investments Limited(1) (AIM:OCL, the "Company") is pleased to announce that Oakley Capital Private Equity III(2) ("Fund III") has completed a deal to acquire the assets and operations of Plesk, at an enterprise value of $105 million, as a carve out from the Parallels Group. Fund III has invested $27.4 million for a 51% controlling stake in the business. The Company's indirect contribution through its interest in Fund III is approximately GBP10.0 million (GBP/USD = 1.29).

The investment in Plesk represents another primary, proprietary deal in one of Oakley's core sectors, originating from long-standing relationships within the hosting industry.
Posted at 25/4/2017 12:49 by skyship
CWA1 - Thnx for joining us; I'm sure it will prove a profitable foray!

Simon Thompson has re-tipped OCL today in his IC Online column.

Closing para is as follows:

"The valuation is even more anomalous given that in the past decade Oakley's NAV has posted compound annual growth rate of 10 per cent, the board has committed to paying a dividend, so the yield is around 3 per cent, and from my view at least there is obvious scope for further valuation uplifts. So, having included Oakley's shares in my 2016 Bargain Share Portfolio at 146.5p, and banked 4.5p a share of dividends since then, I have no hesitation reiterating the buy advice I gave when I updated the portfolio earlier this year ('How the 2016 Bargain Shares Portfolio has fared', 2 Feb 2017). Buy."
Posted at 03/2/2017 10:15 by paleje
ST updated his 2016 top 10 bargain shares last night, OCL was one of them, it under performed but he regards it as anomalous and a buy. This was yesterday so today's TU couldn't or shouldn't have been known:-

"...However, despite making massive returns on some of its investments, and in the process lifting NAV per share by around 15 per cent in the past 12 months, Oakley’s share price discount to NAV has actually widened from 27 per cent to 30 per cent since I recommended buying the shares. This compares with a historic average of 20 per cent for the fund since inception and a current discount of 24 per cent for the direct private equity peer group (ex-3i). That’s anomalous and can no longer be justified by the lack of a dividend as Oakley’s board has just paid out a maiden dividend of 4.5p a share in respect of the 2016 financial year, and expect a similar payout this year, too, so the shares now offer a respectable dividend yield of 3 per cent.

I would also flag up that Oakley’s investment team has been making some potentially lucrative new investments, including the purchase of a portfolio of European real estate websites. These businesses have several key features including strong underlying structural market growth in their segments, are asset-light, which supports strong cash conversion, and offer potential to accelerate performance through effective management, especially around marketing. I wouldn’t bet on Oakley hitting pay dirt again, but rated on a massive discount to book value the shares are worth buying."
Posted at 03/2/2017 10:06 by spectoacc
Woodford's involvement always puts me off a bit! But agree OCL seems a good LTBH; the recent move to paying a dividend makes a difference too.
Posted at 24/1/2017 11:50 by skyship
Interesting last para - no more pre-emptive share issues
========================================================

Disposal of Treasury Shares

Oakley Capital Investments Limited(1) (AIM: OCL, "OCL" or "Company") announces that on 24 January 2017 it sold 15,000,000 ordinary shares at 157p per share from treasury to institutional investors for settlement on 7 February 2017. The average acquisition price of shares held in treasury was 146p and sale proceeds will be invested in line with the Company's investing policy.

Following this sale OCL holds 2,108,843 ordinary shares in treasury which the Board intends to cancel as soon as is practicable. The number of ordinary shares in issue less the total number of treasury shares is therefore 204,804,036.

Going forward the Board will maintain its policy of share buy backs as part of discount control management and will not sell stock from treasury nor issue new shares at material discounts to NAV.
Posted at 28/12/2016 09:04 by guyswonga74
Bought some more today. Nice dividend and big director buys at £1.60. Ex dividend tomorrow
Posted at 22/12/2016 16:06 by spectoacc
Lost access to BBs for a while, an IE problem I think, but was very pleased to see OCL introduce a dividend policy, and not before time.

Still very curious who sold (and bought) over 6% of the company - I see no way that failure to declare either transaction can be within the rules, but we're months on now.
Posted at 31/10/2016 17:25 by skyship
QS99 - OCL is a Private Equity play, high discounts are endemic. Nevertheless the sector is on a tear and the commonplace 30% discounts have closed in plenty of late.

OCL is a bit of a specialist in the field and one would normally accept that the discount would be higher than the more conventional trusts. The average discount is now less than 20%; but 25% for OCL would seem reasonable.

So if the NAV has climbed to 235p, then a 25% discount gives us 176p. I would be more than happy with 170p.

You can follow the Private Equity runners and riders on the PE thread:
Posted at 05/9/2016 20:55 by contrarian joe
Regulatory (RNS & others)

Oakley (LSE:OCL)
Intraday Stock Chart
Today : Monday 5 September 2016

Click Here for more Oakley Charts.
TIDMOCL

RNS Number : 8869I

Oakley Capital Investments Limited

05 September 2016

Oakley Capital Investments Limited

Oakley sells partial stake in PARSHIP ELITE Group to ProSiebenSat.1 Media SE

-- Transaction values the business at EUR300m, representing a return of 3.6x MM on original investment and an IRR of approximately 150%

-- Oakley retains an ongoing stake in the business to benefit from further growth and the value of ProSiebenSat.1 ownership

Oakley Capital Investments Limited(1) (AIM:OCL, OCL, the "Company"), has today been informed that Oakley Capital Private Equity II(2) ("Fund II") has reached an agreement to sell a controlling stake in PARSHIP ELITE Group (the "Group"), a leading online dating service in the German-speaking world, to ProSiebenSat.1 Media SE ("ProSiebenSat.1"), with Fund II and existing management retaining stakes totalling just under 50% of the Group.

The transaction values OCL's indirect economic interest in PARSHIP ELITE Group at EUR67 million, including its expected net cash returns of approximately EUR44 million. This will result in an expected uplift of GBP25 million (77%) over the carrying value reported on 31st December 2015, equivalent to a 9.4 pence per share increase to the interim NAV range announced in OCL's NAV trading update released on 4 August 2016. (GBP/EUR: 1.19)

This deal means that, since the initial acquisition 16 months ago, the equity investment has generated a 2.3x cash return and a money multiple of 3.6x overall, including Fund II's retained stake in the Group. In addition OCL provided GBP5.2 million of debt to PARSHIP ELITE Group, which is to be repaid as part of the transaction.

A new strategic investor for the rapidly growing PARSHIP ELITE Group

ProSiebenSat.1 is acquiring its interest in PARSHIP ELITE Group based on an enterprise value of EUR300 million. Fund II will receive gross proceeds of EUR129 million and retain a significant minority stake in the Group, providing OCL and other Fund II investors with participation in further potential value upside.

Over the 16 months under Fund II's ownership, PARSHIP ELITE Group has delivered strong organic growth and at the same time has consolidated its position as a leading player in the online dating market, through the acquisition of Elite Partner, signed just six weeks after the initial PARSHIP investment.

Peter Dubens, Director of OCL, commented:

"The sale of this stake in PARSHIP ELITE Group locks in an impressive return for OCL and a continued stake in a fast growth business.

Oakley Capital has a successful history of working with ProSiebenSat.1 with both parties currently invested in online consumer business, Verivox. We are excited by the opportunity that Fund II has created to once again partner with ProSiebenSat.1 and the management of PARSHIP ELITE Group, and believe that the value of our retained stake will be significantly enhanced within the ProSiebenSat.1 group of companies by allowing PARSHIP ELITE Group to leverage ProSiebenSat.1's leading position in the media sector."

Rebecca Gibson, Partner of Oakley Capital Private Equity, commented:

"The strong growth of this company is a further demonstration of Oakley's expertise in the online sector and its ability to identify value generating opportunities. We have worked in partnership with the management team to drive organic growth whilst encouraging ambitious strategic acquisitions that have brought scale and operational leverage. It also highlights our ability to deliver impressive returns in a relatively short amount of time, and we are highly confident that we will continue to see the business go from strength to strength. We would like to thank the PARSHIP ELITE Group management team, and look forward to working with them and ProSiebenSat.1 in creating further growth and value."

Completion of the PARSHIP ELITE Group transaction is pending subject to approval from the German and Austrian cartel authorities.

- ends -


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