Oakley Capital Investments Share Discussion Threads

[yellowstoneadvisory] 11/2/2021 10:37

Steven Tredget, partner at Oakley Capital, gave an introduction to Oakley Capital Investments and updated on corporate performance at the latest Yellowstone Advisory webinar.

A recording of the webinar can be found on the Yellowstone Advisory You Tube channel here
hxxps://youtu.be/tf7AlxVAFdw

A write up of the event can be found on the Yellowstone Advisory website here

hxxps://www.yellowstoneadvisory.com/post/oakley-capital-investments-webinar-a-track-record-of-consistent-nav-growth

[ali47fish] 10/2/2021 07:28

director adds

[yellowstoneadvisory] 08/2/2021 16:33

Investor webinar at 12pm on Wednesday. OCI is one of the leading listed private equity investment vehicles. The company invests in private companies in the Technology, Education and Consumer sectors and has a well diversified portfolio. The NAV rose 18% last year and over 5 years is up 113%. Partner Steven Tredget will introduce you to the company and update on recent corporate performance.

Register here

hxxps://us02web.zoom.us/webinar/register/3016106378507/WN_n1ZtwZlBTFKxdpcETrXUTw

[crispfin] 05/2/2021 22:10

The way I’m starting to view this is that the discount gives you the margin of safety, whilst the underlying portfolio should provide double digit returns with or without the discount narrowing.

I already hold but definitely no plans to sell at the moment.

[deadly] 05/2/2021 21:21

Should be "buy" anyway with its consistently strong performance and big discount.

[mach100] 05/2/2021 20:29

Mab it simply means that you should not buy as a non holder nor sell as a holder. Fairly sensible in that it means it is not a bargain but perhaps solid enough to perservere with. Maybe 'weak buy' could be used.

[makinbuks] 05/2/2021 11:43

Yes shaker I agree, quite a let down right at the end. Hold is such a stupid expression anyway. I mean if your not a holder, what are you meant to do? Is it Buffet or one of the gurus who says you should look at your portfolio every day and only hold shares you are prepared to buy

[shaker44] 04/2/2021 15:26

Surprised questor doesn't say Buy after such a strong write up. Odd

[brexitplus] 04/2/2021 15:10

DT Questor

“Update: Oakley Capital Investments

Oakley Capital Investments last week reported a solid 14pc rise in the value of its assets in the second half of last year, continuing its strong run since we tipped the private equity trust in 2019.

The 30pc discount we identified as wide in view of the trust’s track record has narrowed only marginally to 26.9pc. That still strikes Questor as too wide for a portfolio that features the sort of fast-growing technology companies that command a much higher rating elsewhere.

Oakley’s trading update emphasises that focus: a dozen of the 17 companies held are delivering their products and services digitally; most are benefiting from the acceleration of this trend during the pandemic.

Questor suspects a holding in struggling Time Out and an unwise decision four years ago to issue new shares at a discount explain the stubborn discount.

But the company has committed not to repeat that mistake, while Time Out now represents a smaller portion of the portfolio, so continued strong performance should offset those problems.

Questor says: hold

Ticker: OCI

Share price at close: 294.5p”

[shaker44] 27/1/2021 12:34

I trust them and am happy for them to awsit the right opportunities. PE very competitive now

[makinbuks] 27/1/2021 11:26

Hard to believe we can't get over £3 as the NAV crosses £4. Good clear presentation focusing on the COVID impact. I would add to Essential's list of issues above Cash Drag. You can see this as providing safety but really we'd prefer to see it deployed, that's why we've invested

[shaker44] 27/1/2021 10:03

Yes. Steady as she goes. Hopefully strong portfolio performance will lead to shrinking discount too. Neat double whammy.

[crispfin] 27/1/2021 09:50

I originally bought in due to the discount which I hoped would narrow, but the return is now mainly coming from portfolio performance.

[spectoacc] 27/1/2021 09:36

Considering TMO's in there, that is indeed a great performance.

[deadly] 27/1/2021 09:23

Yes great performance over a catastrophic year for most, and over several years. Discount is still 27% so a bargain. I'll continue to add on any weakness.

[ali47fish] 27/1/2021 07:45

update sounds good

[essentialinvestor] 21/1/2021 11:34

GBP strengthening v Euro impacts NAV.

Further lockdowns very unhelpful for TMO

Peter Dubens arguably seen as key to OCI success.


They look the significant factors just fwiw.

[shaker44] 21/1/2021 02:20

Sure Smt is an investment trust but big into private equity- just like Oakley. And both very good at managing it. But market naturally suspicious of private equity valuations as not market tested daily, was my point. Really though Oakley has earned its spurs and values conservatively so discount should shrink after exits or new funding based valuations of underlying holdings.
Still a buy at these levels

[thewheeliedealer] 20/1/2021 21:30

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast recently and part of our discussion includes OCI which I think our Guest holds. This is an unusual episode because for the first time we had a Special Guest on the show and the response has been hugely favourable (here’s a clue: he’s not the usual ‘Guru’ that all Podcasts have).

And as always we chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management.

Anyway, if you use Youtube, Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 40) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!

Happy New Lockdown !! WD
@wheeliedealer

[riverman77] 20/1/2021 16:46

The discount is gradually coming in as the investment strategy proves itself, coupled with improved investor communication and governance. Discount was in the high 30s now around 20, but see scope to tighten further. There are a handful of PE funds that trade at premiums (3i,Draper Esprit, etc) and perhaps one day this could join them. Its had a few good write ups and been tipped recently so that should help as well.

[essentialinvestor] 20/1/2021 16:24

SM is an investment trust, understand the point you are making though.

OCI's long term record is good, so I'm guessestimating the market questions

sustainability and that may involve a key person 'risk' NAV discount.

How valid that may be, I can't say.


If anyone else can add a further view, would to interested to hear, thanks.

[essentialinvestor] 20/1/2021 11:57

3i Group trades at a significant premium to NAV.

[essentialinvestor] 20/1/2021 11:55

Really?, look at 3i.

[shaker44] 20/1/2021 11:53

Maybe just suspicious if private equity

[essentialinvestor] 20/1/2021 11:08

Why the continued discount - is it possibly the market assuming OCI performance

rests on a small number of key personal?.