Oakley Capital Investments Share Discussion Threads

[lizafl] 07/10/2021 13:33

A Questor item on private equity in today's Telegraph may be partly responsible for the rises today. I don't have access to the article, but I understand that HVPE and OCI were both mentioned as good value opportunities.

[hpcg] 07/10/2021 13:03

I wonder if the message is getting through that PE is eating the stock market for lunch?

[donald pond] 07/10/2021 12:37

The whole sector is still cheap EI, with NBPE, PIN and HVPE all on very similar discounts around 25/26%, though HVPE is much the better performer since the start of 2018, averaging 17.9% a year compared to 10.9% at NBPE and 12% at PIN.
OCI by contrast is on a discount of 19.3% and has managed 23% a year over that period. Though the discounts vary in part due to how often underlying assets are revalued and I think OCI is behind the curve, so its discount is likely bigger than stated

[888icb] 07/10/2021 12:30

Just 2p off the all time high of 369p set on 1st July 2021.Looking good.

[essentialinvestor] 07/10/2021 11:56

Nice day for NBPE as well, NMPE looks rather cheap to me.

We were overdue a move here, clue yesterday was the price holding steady amongst wider sector weakness.

[cwa1] 07/10/2021 11:55

Nice to see the |SP moving in the right direction. Hopefully more to come...

[essentialinvestor] 07/10/2021 09:24

It did look like a new upwards move was underway as mentioned last week, good to see.

[shaker44] 06/10/2021 11:25

Rye smile eh? He was drinking bourbon?!
I hold these in Iweb but they won't let me buy more as they think the listing is too risky for me! Hope the listing changes soon. OCI is a great investment in my view with excellent management.

[makinbuks] 06/10/2021 11:19

Agreed, I've seen him deliver essentially the same message on three or four platforms now. Mine was the question about whether he was satisfied with the results of the actions to reduce the discount. I liked his rye smile in response. I also agree with him that quarterly NAV updates will help

[donald pond] 06/10/2021 10:09

I thought Steven was excellent on Mello yesterday. After Fundsmith this is now my second biggest position

[melloteam] 05/10/2021 10:39

Just to let shareholders and prospective investors know that Residential Secure Income, Oakley Capital Investments and Strategic Equity Capital will be presenting at Mello Trusts and Funds webinar event tonight, Tuesday 5th October at 5:00pm-9:00pm. There will be over 200 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

The Programme is as follows:

5.00 pm Reg Hoare presents his selection criteria when investing in Investment Trusts and Funds
5.20 pm Company presentation by Residential Secure Income
5.50 pm Company presentation by Oakley Capital Investments
6.20 pm Andrew Hollingworth, fund manager, presents his investment strategies and ideas
6.40 pm Company presentation by Strategic Equity Capital
7.10 pm Investment Trusts and Funds Panel Session

It is free to register, just click here:

[makinbuks] 30/9/2021 11:39

Thanks for that explanation, you were spot on

[1968jon] 29/9/2021 17:44

It happens reasonably frequently in the closing auction. Someone needs to sell a handful of shares wherever they can and so offer them were they are certain of selling them. The market-makers don't always get involved as it is rarely worth their time. In this instance, with the closing best bid/offer 356/357, someone offered 43 shares at 348. Another punter took them - previously I might have bought them but currently my minimum commission makes it uneconomic. Barring accidents overnight, I am confident that it will open 356/357 in the morning.

[f56] 29/9/2021 17:16

So why the share price drop?

[essentialinvestor] 29/9/2021 13:04

Weaker GBP re Euro NAV accretive for OCI, recent share price consolidation phase
may be ending.

[hpcg] 23/9/2021 12:03

Indeed DP, how can (risk adjusted) total return not be the measure? Bizarrely there is a large overlap between those seeking dividends and those advocating re-investing dividends, making it a nonsense that they would ignore vehicles that do exactly that internally.

[deadly] 23/9/2021 11:55

Some people never sell anything, don't know how to, so a divi keeps them happy.

[shaker44] 23/9/2021 10:51

I agree. Just invest for capital growth and sell a few when you need some cash. I never look at divs. Just icing on the cake.

[donald pond] 23/9/2021 10:48

I think it's because so much U.K. money goes into income funds and so you need to pay a dividend to attract them. I think it's daft and folks should only think of total return but it is what it is

[hpcg] 23/9/2021 10:34

I think it depends on the size and maturity of the fund and equally what type of businesses it invests in. If the component holdings are paying dividends rather than requiring capital then some of that should be passed on IMO. I'm not a fan of large dividends but something to cover the costs of holdings is nice. 1% of NAV but with a decently growing NAV makes that 1% more substantial over time. N.B. I don't think OCI is in that situation and I would be happy with no dividend. I would much prefer them to use surplus cash to buy back stock at a discount, but preferably to deploy cash into growing firms.

[makinbuks] 23/9/2021 10:14

Strange thing a dividend for a PE fund. Completely illogical to pay one yet clearly supports demand for the shares. HVPE don't consider it on grounds of principle, APAX pay 4 or 5% , I don't recall exactly, of NAV and I sense Oakley are reluctant payers. Personally I think APAX have got it right and their rating reflects that

[cwa1] 23/9/2021 10:09

And the bid has trickled UP a copper for good measure :-)

[1968jon] 23/9/2021 08:56

......and I'll wager that 9 of the 11 market-makers didn't notice...

[cwa1] 23/9/2021 08:32

XD today for 2,25p, pay day 14/10

[makinbuks] 21/9/2021 19:21

I hold OCI (added last week), PSH (which is not a PE fund), and HVPE all looking for a re-rating. I also hold Apax and HGT who have excellent investments in my opinion but not such wide discounts