We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -13.00 | -2.54% | 499.00 | 64,282 | 11:00:21 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 498.00 | 500.00 | 499.00 | 497.50 | 497.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 57.09M | 47.49M | 0.2692 | 18.52 | 903.26M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 11:29:40 | O | 1,000 | 499.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/11/2024 | 11:20 | ALNC |  Oakley Capital invests in insurance agent Konzept & Marketing |
| 20/11/2024 | 07:00 | UK RNS | Oakley Capital Investments Limited Oakley Capital invests in Konzept &.. |
| 11/11/2024 | 07:00 | UK RNS | Time Out Group plc Holding(s) in Company |
| 08/11/2024 | 16:52 | UK RNS | Oakley Capital Investments Limited Holding(s) in Company |
| 06/11/2024 | 07:00 | UK RNS | Oakley Capital Investments Limited Appointment of Non-Executive Director |
| 24/10/2024 | 06:00 | UK RNS | Oakley Capital Investments Limited Oakley Capital agrees sale of.. |
| 23/10/2024 | 09:57 | ALNC | Oakley Capital net asset value declines amid currency headwinds |
| 23/10/2024 | 06:00 | UK RNS | Oakley Capital Investments Limited Trading update for the 3 months ended 30.. |
| 21/10/2024 | 06:00 | UK RNS | Oakley Capital Investments Limited Holding(s) in Company |
| 07/10/2024 | 10:40 | ALNC | CORRECT: Oakley Capital invests in Assured Data Protection |
Oakley Capital Investments (OCI) Share Charts1 Year Oakley Capital Investments Chart |
|
1 Month Oakley Capital Investments Chart |
Intraday Oakley Capital Investments Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/12/2024 | 09:11 | Oakley Capital Investments | 1,354 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 11:29:41 | 499.00 | 1,000 | 4,990.00 | O |
| 11:26:27 | 499.00 | 7,197 | 35,913.03 | O |
| 11:24:55 | 499.50 | 3,000 | 14,985.00 | O |
| 11:17:14 | 499.89 | 995 | 4,973.94 | O |
| 10:51:18 | 500.00 | 1,100 | 5,500.00 | O |
| Top Posts |
|---|
Posted at 01/12/2024 19:38 by red ninja Oakley Capital linkedin feed :-Oakley Capital Investments 3,649 followers3,649 followers 3d • Edited • 3 days ago “The judges commended the company for the rich content and interactivity created through their digital first ESEF report. A very technical but innovative approach.” Oakley Capital Investments are pleased to have won ‘Best innovation in IR – Mid Cap award’ at the The Investor Relations Society Best Practice Awards 2024! Many thanks to Friend Studio for helping to produce the report, and were on hand on the night to join us on stage to collect our award. Thanks also to the Investor Relations Society for hosting such a great event and to the hashtag#oakleyteam who contribute to the success of OCI’s investor relations initiatives. This comes just days after OCI was 'highly commended' in Investment Week's investment company awards in the Private Equity & Growth Capital category. View the winners: Note, if you use the link look at the "Mid Cap" winner which is Oakley. |
Posted at 24/10/2024 09:08 by davebowler Panmure Liberum-Schulerhilfe sale, £40m to OCI and c.7p uplift to Q3 NAV per share Analyst: Shonil Chande Mkt Cap £888m | Share price 500.0p | Prem/(disc) -27.8% | Div yield 0.9% Event Oakley Capital Fund III (Fund III) has agreed to sell its majority stake in Schulerhilfe, a professional tutoring services company focused on Germany, Austria and Switzerland, to Levine Leichtman Capital Partners, at a valuation that implies net proceeds of c.£40m to OCI. This reflects a c.1% uplift to OCI’s Q3 NAV of 693p, reflecting c.+£12m in aggregate or c.+7p. Fund III acquired Schülerhilfe in H1 2017 from Deutsche Beteiligungs. The business generated revenues of €63.3m and reported EBITDA of €16.6m in the year to 31 December 2016. Panmure Liberum view Education-themed investments have been a principal return driver in recent years. While this deal is not as eye-catching on a premium to carrying value basis that OCI has regularly delivered, we think the more salient point is that OCI’s Schulerhilfe will take distributions YTD to OCI to c.£180m, which is impressive within the realisation environment context. Yesterday’s trading update noted that OCI expected to generate c.£135m in look-through proceeds from the sales of idealista and Ocean Technology Group, and the refinancing of Schülerhilfe. Based on announcements at the time, the idealista and Ocean Technology Group deals were due to generate £120m for OCI, leaving c.£15m from the Schülerhilfe refi. This implies up to c.£50m of total proceeds attributable to Schülerhilfe. We printed the following table in yesterday’s comment on OCI’s Q3 NAV. The table does not account for the Schülerhilfe sale announcement. |
Posted at 23/10/2024 09:13 by davebowler PAnmure Liberum -Q3 update, a year of significant investment Analyst: Shonil Chande Mkt Cap £888m | Share price 500.0p | Prem/(disc) -27.8% | Div yield 0.9% Event OCI’s NAV per share declined by 2%, to 693p, in Q3. This was driven by FX. The announcement notes that the underlying businesses continued to perform in Q3. OCI made £28m of new investments in the period (vitroconnect, Touring Capital, PROfounders, and Steer Automotive Group) and the total proceeds from the sale of Ocean Technology Group, the refinancing of Schülerhilfe, and from the sale of the stake in Idealista are expected to amount to c.£135m (we estimate c.£139m YTD including H1). OCI also announced a post-period investment of c.£26m in Assured Data Protection. At the period-end, OCI had net cash of £108m and £57m in the undrawn RCF, which was sized-up by £50m to £225m post-period. Total commitments were £777m, which are expected to be drawn over five years. Panmure Liberum view Most of the valuation growth in the portfolio has historically been driven by earnings growth, with multiple movements typically taking place at realisation. As we show in the table below, 2024 has been a high investment year for OCI, with c.£238m drawn the Oakley funds (including Assured Data Protection. NAV growth potential in Q4 will be dictated by exits. |
Posted at 27/7/2024 11:09 by davebowler Quoteddata research..Oakley Capital Investments (OCI) has released a trading update with its interim results for the six months to 30 June 2024. The company delivered a NAV total return of 3.8% over the period which was 5.6% before foreign exchange impact. The share price total return was 4.16%. The company noted that the underlying businesses in its portfolio continued to benefit from the long-term secular trends that Oakley invests behind, such as growing demand for quality education, businesses' shift to the cloud and the consumer shift to online. Valuation gains were split across Oakley's four core sectors, Technology, Consumer, Education and Business Services. The biggest contributors include IU Group, which continued to generate strong revenue growth, Dexters, which benefitted from sustained growth in its core London lettings business, and Cegid (previously Grupo Primavera), which continues to grow its SME customer base in France and Spain.During the period, Oakley continued to invest for future growth across its core sectors. OCI made look-through investments totalling £184m including transport and logistics software business Alerce (announced in Q4 2023), automotive services platform Steer Automotive Group, medical software provider Horizons Optical, and ProductLife Group, which provides regulatory and compliance services to the life sciences industry. During the period, OCI also announced an investment in broadband open access platform vitroconnect. The transaction is expected to complete in July 2024 and OCI's look-through investment is expected to be up to £20m. OCI is also expected to make a look-through investment of up to £39m in cybersecurity firm I-TRACING after Oakley Capital was granted exclusivity with a view to acquiring a co-controlling stake in the business.OCI's look-through share of proceeds during the period were £4m. Oakley's sale of its stake in idealista, southern Europe's leading real estate classifieds platform, was agreed during the period and is expected to complete in H2 2024. OCI's look-through share of proceeds from this transaction is anticipated to be c.£70m.OCI : Oakley Capital Investments continues to build momentum |
Posted at 28/6/2024 08:46 by davebowler LiberumExit from idealista at c.22% IRR Analyst: Joachim Klement Mkt Cap £890m | Share price 501p | Prem/(disc) -27.7% | Div yield 0.9% Event After rumours in newspapers a couple of weeks ago, Oakley confirmed today that it has exited its stake in idealista, southern Europe’s leading online real estate classifieds platform. Cinven buys idealista from EQT and Oakley Capital Fund IV in a transaction that values the company at €2.9bn. Fund IV will realise a gross return of 2.1x MM and c.22% IRR. OCI’s look-through share of proceeds will be c.£70m, reflecting the valuation as at 31 March 2024. Oakley invested in idealista in 2021 alongside EQT, following the combination of Oakley portfolio company casa.it with idealista’s Italian operations in 2020. Liberum view This is a strong result for Oakley, though not quite as good as other recent transactions at a MM of 2.1x vs. an average of the recently reported exits of 5.7x. However, much of this is owed to the short holding period of the idealista investment of just three years. As far as we can see, the exit from idealista happens at a time when Iberian assets are highly sought after, so the disposal has likely achieved a money multiplier at the upper end of the range that can be expected. On a look-through basis, idealista was OCI’s seventh largest investment and disposal happens at about the book value as at Mar-23. OCI did not publish book values at its latest quarterly update in detail so we have to rely on December 2023 data, but the idealista position amounts to roughly 5.6% of the portfolio providing ample dry powder to reinvest in a booming Iberian market. |
Posted at 09/1/2024 14:42 by davebowler Tom Biltcliffe update-OCI OCI invests in funds managed by Private Equity manager Oakley Capital which specialises in high-growth European businesses across Technology, Consumer, Education and Business Services. Oakley has a strong network of founders and partners that it leverages to find opportunities, often before these are seen by the wider PE market. The manager looks for tech-enabled or potential platform businesses with recurring revenues, especially those that are addressing a large market that has yet to be penetrated by technology. The most high-profile realisation last year was IU Group, an online university platform, which was realised at an 85% IRR. IU Group was a prime case of a tech-enabled solution taking market share in a large, growing market. Other sectors have included online residential property platforms in Spain, insurance comparison in Italy, and golf equipment, which have all lagged the online transition seen in other countries or sectors. Performance With a 5-year NAV total return of 178% and 5-year share price total return of 202%, OCI is established as a top name in the listed Private Equity sector. It is anticipated that the next few years will be a more challenging period for the broader Private Equity market, but we believe OCI is well-positioned to continue to outperform. Key concerns for the sector have centred around the resilience of portfolio constituents in tougher market conditions, excessive leverage with increasing debt costs, and the validity of the valuations. We explain why we think these issues have less relevance to OCI. Portfolio Resilience In the 12 months to June 2023, OCI’s portfolio had average organic EBITDA growth of 21%. Considering this period was marred by high inflation, rising rates and low consumer confidence, this growth is reassuring in showing that OCI’s portfolio companies are coping well in a more challenging environment. This is because it largely consists of established, profitable companies that tend to have sticky, recurring revenues, whilst their innovative solutions are continuing to see strong demand. Leverage OCI has no gearing at the company level and the average net debt/EBITDA ratio of the portfolio is 4x, which is low for the PE sector. When you consider that EBITDA in the portfolio has been growing at 20%+ per annum, this appears even more conservative. Valuations Private Equity valuations have come under the microscope over the last 12-18 months, with suggestions that multiples have not been adjusted to reflect the weakening seen in public markets. OCI takes a much more conservative approach to valuations, demonstrated by the fact that the average uplift to book value on exit has averaged 35%. Furthermore, the current average EV/EBITDA multiple of 16.9x is not demanding for a portfolio growing EBITDA at 20%+ p.a. Although realisations in the sector have dropped off, 2023 European deal activity remained relatively strong last year, fuelled by the amount of dry powder in the sector. Exit opportunities is another key point of difference with OCI. Whilst the larger buyout peers are heavily reliant on a healthy IPO market, Oakley operate more at the mid-market valuation range. As a result, OCI has very rarely used an IPO as an exit route, instead selling businesses to larger PE firms such as Backstone, Apollo and EQT. As already mentioned, and as seen below, there remains significant dry powder and pressure to deploy capital, which we believe will result in continued healthy exit activity for OCI. 2024 Whilst narrowing slightly in the last couple months, the 28% discount to NAV remains an attractive entry point to a fund with a quality portfolio that has continued to perform through a difficult period, has conservative leverage, and a track record of realisations at substantial premiums to carrying values (35% average premium on exit vs 28% discount at share price is quite stark). Rate cuts in 2024, an easing environment for OCI’s assets, and a general improvement in sentiment towards the sector, could see a return to double-digit NAV growth in 2024, combined with a further unwinding of the discount to boost shareholder returns. |
Posted at 25/10/2023 09:14 by davebowler Liberum-Private EquityOakley Capital InvestmentsStrong relative value, EBITDA growth the key driver of returnsAnalyst: Shonil ChandeMkt Cap £744m | Share price 422.0p | Prem/(disc) -37.8% | Div yield 1.1%EventOakley Capital Investments' NAV per share of 679p, as at 30 September 2023, reflected a 2.5% NAV total return in Q3. The Q3 NAV is based on a revaluation of all portfolio companies and the net impact from revaluation on NAV per share was +14p, or a +2.1% contribution to NAV per share. FX gains contributed 5p (+0.8% impact).Q3 Investment activity AI and dental buy and build dealOCI completed look-through investments of £23m in Q3, attributable to portfolio bolt-on acquisitions and Pixis, an AI marketing entity. Pixis was the first investment made by Oakley Touring Venture Fund, which was established to invest in next-generation enterprise software companies underpinned by generative AI. OCI has made a $100m commitment to the fund.OCI also agreed a £35m contribution to Fund V's acquisition of Flemming Dental, Excent, and Artinorway Group. The European dental laboratories market features many of the traits the Oakley funds have typically sought, including a large and growing addressable market, good potential for recurring business, and fragmentation. The relative fragmentation of the laboratories market, compared to dental groups, for example, means it is well-suited to the Oakley buy-and-build approachAt the quarter-end, OCI had net cash of £222m and an undrawn RCF sized at £175m. Total commitments were £1,053m. ?Liberum viewWhile this is still a challenging market for realisations, the underlying portfolio is growing well, benefitting from a focus on digital disruptors exposed to megatrends. The key driver of NAV growth will continue to be EBITDA growth, which has been the main driver of +22% NAV TR CAGR over the past five years.During the holding period, the valuation multiple for Oakley's portfolio companies tends to remain relatively close to the acquisition multiple. Ultimately, the quality and durability of the portfolio holdings drive performance.?While the outlook for NAV growth is the main driver of NAV returns and share price returns (both amongst the strongest across all investment companies over the past five years), a 38% discount to NAV also presents strong relative value, in our view. This level represents a 10.5ppt discount to peers. We are BUYers with a 653p TP on OCI's shares. |
Posted at 01/6/2023 07:22 by tudes100 Oakley Capital Investments(Discount: 31.3%/Contribution: +1.39%) Oakley Capital Investments ('OCI') was a significant contributor to your company's NAV over the period, adding +1.4% as the shares returned +21% and its discount closed from -42% to -31%. The share price was driven by Oakley reporting its stellar FY22 results, with its NAV growing +24% for the year despite a turbulent economic backdrop. OCI's underlying portfolio of asset-light, tech-enabled businesses delivered strong earnings growth in 2022, with 65% of total portfolio value growth attributable to the financial performance of the portfolio. The average EBITDA growth across the portfolio was 22%, a remarkable achievement reflecting the quality of the businesses that Oakley has assembled. The remaining 35% is from multiple expansion attributable to uplifts from divestments. The market environment has been one of scepticism towards private valuations and, ultimately, the only point when there is certainty about valuations of private assets is when they are sold. Oakley are paid fees on committed/invested capital rather than mark-to-market gains, leaving them no incentive to unduly mark up the portfolio. In fact, we believe that Oakley's portfolio carrying value is very much at the conservative end of the peer group. This was evidenced by OCI making five exits in 2022 at an average 5x gross money multiple and average premium to their carrying value of +70%. This only further highlights the conservatism of OCI's portfolio valuation approach Oakley were equally active on the investing side over the period, making £214m in new investments and £55m in follow-on investments. They also made a €30m commitment to Oakley Capital PROfounders Fund III. Of particular note was the performance of IU Group, which alone accounted for 51% of the NAV growth in 2022 (+64p). By way of reminder IU Group, Germany's largest private university group, is the crown jewel in Oakley's portfolio, now accounting for 21% of OCI's NAV. Despite its outsized position it remains one of the top three highest growth companies in the portfolio, growing EBITDA +38% year-on-year ('YoY') and student numbers +16%. Oakley had anticipated that IU's growth would almost certainly come from international expansion, but the European business has continued to perform resiliently, increasing student numbers by 16% YoY. The international business remains an exciting prospect and represents a future avenue through which IU can spur company growth if/when the European business begins to plateau. Only one quarter of the total student growth in 2022 came from the international cohort. Following the period end, Oakley's Fund III sold out of its position in German education business IU Group with Oakley's Fund V taking a stake alongside new third-party investors (thus ensuring validation of the transaction price). Although the sale price was equivalent to the most recent carrying value, we note that the asset had been written up by +85% over 2022. Over the life of the investment, it generated a multiple on cost of ~11x. On a look-through basis, IU Group accounted for 21% of OCI's NAV and has now effectively been resized at 6% given OCI's continuing exposure to the asset via Fund V. At Oakley's Capital Markets Day held on the day the transaction was announced, management discussed how IU Group's next phase of growth would require further investment into AI and M&A and that, given these investments would weigh on near-term earnings growth, the opportunity to realise some of the significant gains made sense. While we feel that IU Group's true value is higher than the current carrying/exit value, realising the largest portfolio investment at NAV not only returns a lot of cash to Oakley in a good environment to make new investments (c. £240m for OCI alone), but should help to underpin the NAV. The retention of a material stake in the business means OCI shareholders will continue to benefit from the company's long growth runway. OCI continues to offer the opportunity to own a fast-growing, high-quality portfolio of recurring revenue businesses, backed by a manager with a distinct deal sourcing strategy, and all available at a discount of 31%. We remain excited by our holding in OCI. |
Posted at 11/5/2023 08:53 by davebowler Bit more from Liberum- Mkt Cap £847m | Share price 477.0p | Prem/(disc) -28.6% | Div yield 0.9%EventOakle |
Posted at 27/1/2023 14:23 by 1968jon Classic OCI share price action prior to and then after numbers. Run up in the stock as supply seems thin - 7ish percent in a couple of weeks this time - and then settles, goes nowhere and supply reappears. Numis currently have plenty to go at 352 against a hopeless yellow strip of 348/358. Probably be here for a while. No criticism, just an observation. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
