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OCL Oakley Capital Investments

169.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Oakley Investors - OCL

Oakley Investors - OCL

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 »

Top Investor Posts

Top Posts
Posted at 05/4/2017 07:32 by spectoacc
All fine but little we don't know already, seeing as it's results for y/e 31/12/16. "Post balance sheet events" the only real interest:


"The sale of HEG completed on 3 April 2017, with total proceeds of EUR42.2 million (GBP36.2 million) received by Fund II, of which the Company will receive EUR14.6 million (GBP12.5 million). This is a slight increase from the expected proceeds of EUR14.4 million (GBP12.2 million) used in the year end accounts. The exit generated a gross money multiple and IRR of 2.1x and 40%, respectively for Fund II. The Fund took a minority stake in HEG at the time it sold intergenia to HEG in January 2015. This deal means, since its acquisition of intergenia in January 2014, the combined return and IRR to Fund II across both the HEG and intergenia investments is expected to be 1.8x and 44%, respectively.

In February 2017, Steven Tredget joined Oakley, with responsibility for investor relations. Steven has worked in investment banking for 17 years and was a founding partner of our Nominated Adviser and Broker, Liberum Capital Limited. With his knowledge of the investment community and his understanding of and passion for the Company, he is well placed in this role."
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 06/9/2016 16:06 by paleje
ST reco'd OCL today, he's tipped them previously, his conclusion:-

Moreover, after factoring in the €44m cash proceeds from the Parship transaction, I estimate cash and interest receivables now account for 77p a share of Oakley’s top-end spot net asset value of 229p, so in effect its private equity portfolio, including a retained interest in Parship, and the holding in Time Out Group (TMO:142p) are being attributed a value of only 67p in Oakley's share price, or 56 per cent below their combined book value of 152p.

That's a huge share price discount for a company that posted a 33 per cent positive return on its investment portfolio in 2015, and has just made a 2.3 times cash return on its equity investment in Parship. True, Oakley’s shares are flat-lining on my recommended buy in price in my 2016 Bargain shares portfolio, but it would appear that investors are now warming to what I see as a clear cut investment opportunity. Buy.
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 -


For further information please
contact:
Posted at 04/8/2016 01:43 by rambutan2
SKY, by chance was looking at this earlier today. Including reading the last report and accounts. I really don't like how opaque it is. It breaks all my rules for PEIT investing. A good chunk of its money seems to be in €s, and the Time Out valuation has to be up by £10m+. Assuming (?!) everything else stays at 31/12 values in the 30/06 interim valuation, then approx 210-220p nav. But it remains too private investor unfriendly for me.
Posted at 17/12/2014 13:44 by skyship
LONDON (Alliance News) - Oakley Capital Investments Ltd Wednesday said it is selling internet hosting software supplier intergenia Holding GmbH to HEG Co GmbH for an enterprise value of EUR210 million in cash.

The company said it will receive EUR21 million from the sale. Completion of the intergenia disposal is conditional on approval from the German and Austrian merger control authorities, it said.

"intergenia has successfully executed its buy and build strategy during 2014 under the excellent management of its founders, further strengthening its business," said Director Peter Dubens in a statement.

"On completion this will be the first disposal for Fund II and represents a good return for investors over a short period of time," he added.

The company's shares were up 1.4% at 152.95 pence Wednesday morning.
Posted at 17/12/2014 10:46 by cwa1
Sounds Ok at first glance:-

Oakley Capital Investments Limited

Disposal of intergenia Holding GmbH generates 2.5x money multiple and 36% IRR for Oakley Funds

Oakley Capital Investments Limited (AIM:OCL, OCIL, the "Company"), the AIM company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. ("Fund I") and its successor fund, Oakley Capital Private Equity II ("Fund II", together the "Funds"), announces Fund II and its co-owner Bellaxa AG's agreement to dispose of intergenia Holding GmbH and its subsidiaries ("intergenia") to HEG Co. GmbH ("Host Europe"), for an enterprise value of EUR210 million. The consideration will be satisfied in cash.

The transaction is expected to generate a 2.5x gross money multiple for the Funds, with an IRR of 36%. Fund II's indirect share of the proceeds of the disposal will be distributed by the intermediate holding structure to Fund II and subsequently to its limited partners, including OCIL. OCIL will receive EUR21 million, which will be applied in pursuance of the Company's investment policy.

intergenia is headquartered in Cologne and is a leading supplier of Internet hosting solutions (in particular of managed and dedicated server hosting). intergenia provides a wide range of shared, dedicated and fully-managed solutions (also in the form of cloud hosting) through its brands PlusServer, serverloft, Server4You and Unmetered.com. In addition, intergenia operates Datadock, Europe's greenest data centre. The company also runs WorldHostingDays, the largest series of hosting trade shows worldwide. intergenia generated earnings before interest, tax depreciation and amortisation ("EBITDA") of EUR13.8 million in the financial year ending 31 December 2013. intergenia's current run-rate EBITDA is above EUR20 million following recent acquisitions.

This disposal follows Fund I's agreed divestment of its 13.6% stake in Daisy Group plc ("Daisy") for a gross consideration of GBP67 million following Daisy's acquisition by a consortium consisting of Matthew Riley (Daisy CEO), Toscafund Asset Management LLP and Penta Capital LLP.

Fund I is now fully invested and following the Daisy disposal will have generated a gross money multiple of 2.2x and an IRR of 38% on a realised and unrealised basis since its inception in 2007, and will have returned 115% of its drawn commitments to Investors.

Completion of the intergenia transaction is conditional on approval from the German and Austrian merger control authorities.

Peter Dubens, Director, commented:

"intergenia has successfully executed its buy and build strategy during 2014 under the excellent management of its founders, further strengthening its business as one of Germany's strongest suppliers of Internet hosting solutions. The complementary combination of intergenia and Host Europe Group will create one of the most successful and comprehensive hosting businesses in Europe and will create a strong platform for continued organic growth. On completion this will be the first disposal for Fund II and represents a good return for investors over a short period of time. This transaction is a great example of Oakley's expertise in the TMT sector and its ability to identify and back top performing entrepreneurs to rapidly grow their companies."
Posted at 25/6/2014 13:52 by dudishes
G'day, Problams at mill!



cheers
Posted at 03/4/2014 23:22 by bamboo2
About 200,000 private investors were reassured today that their money would continue to be run by Neil Woodford, the renowned fund manager.

Mr Woodford, who produced handsome returns for investors in Invesco Perpetual's Income and High Income funds, will continue to manage three funds for St James's Place when he leaves Invesco at the end of this month.

St James's Place is switching management of three funds – UK High Income, Income Distribution and UK Equity – from Invesco Perpetual to Mr Woodford's new firm, Woodford Investment Management.

Nearly half of all St James's Place customers or about 200,000 people have money in the three funds, which total £3.65bn. Mr Woodford has managed St James's Place funds since 2001.

Meanwhile, Threadneedle will take over management of two St James's Place "strategic managed" funds, which currently have £3.35bn under management. Paul Boyne and Doug McGraw of Manulife Asset Management will take over the St James's Place Global Equity Income fund, with £720m under management.

Chris Ralph, chief investment officer of St James's Place, said the changes were "the most significant and high profile" in the firm's 23-year history. "These changes are important in terms of the number of clients affected and the scale of the assets involved," he said.

In total, St James's Place is withdrawing some £8m of client funds from Invesco Perpetual.

St James's Place offers face-to-face advice to more than 400,000 clients, who typically have between £50,000 and £250,000 to invest, through a national network of around 2,000 advisers.

Customers pay 1.5pc a year to St James's Place for its services, in addition to the fees to fund managers, which typically brings the total cost to between 1.8pc and 2.1pc a year. Total charges for St James's Place customers investing in the UK Equity fund are 1.96pc, while the ongoing fees for the Income Distribution fund and UK High Income are 1.96pc and 2.12pc respectively.

Mr Woodford has being replaced at the helm of Invesco Perpetual's Income and High Income funds, as well as at the Edinburgh investment trust, by Mark Barnett. Mr Woodford's new firm will launch a new UK equity income fund, run in the same way that he managed the Income and High Income funds at Invesco Perpetual, when regulatory approvals are in place.
Posted at 22/3/2014 11:50 by bamboo2
"As soon as all regulatory approvals are in place, the company will launch a new UK equity income fund, which Mr Woodford will run in exactly the same way that he managed the Income and High Income funds at Invesco Perpetual."



Neil Woodford, Britain's most celebrated fund manager, has handed over control of his two flagship funds, Invesco Perpetual Income and High Income, almost two months sooner than investors expected.


On Thursday responsibility for managing the two giant funds, worth a combined £21.5bn, passed to Mr Woodford's successor, Mark Barnett.


Mr Woodford will remain, as expected, at Invesco until April 29, but will no longer manage any money for private investors.


When Invesco announced his departure in October last year, it implied that Mr Woodford would play a role, if diminishing, in running the Income and High Income funds until the day of his departure.


The company said at the time: "Neil will remain responsible for all funds for which he is the named manager through a transition period during the six months prior to his departure.

At the end of the transition, Mark Barnett will be named manager of the Invesco Perpetual High Income fund and the Invesco Perpetual Income fund."

But in statement on Thursday Invesco said: "Mark Barnett has assumed responsibility for the Invesco Perpetual High Income fund, Invesco Perpetual Income fund and the Invesco Perpetual UK Equity Pension fund."

After he leaves Invesco, Mr Woodford will start a new fund management company called Woodford Investment Management, which is currently seeking regulatory approval.

The new firm will use the infrastructure of an existing investment business, Oakley Capital, in order to start operating quickly. As soon as all regulatory approvals are in place, the company will launch a new UK equity income fund, which Mr Woodford will run in exactly the same way that he managed the Income and High Income funds at Invesco Perpetual.

The new company, which has already recruited more than a dozen staff, intends to become a mainstream asset management business.

Mark Armour, the chief executive of Invesco Perpetual, said: "Client response to Mark Barnett has been extremely positive. Our transition plans have progressed well since October 2013, and Mark is ready to assume responsibility for the funds.

Mr Barnett said: "We will continue to take the active, value-driven investment approach with a long-term focus that has contributed to the funds' strong performance over the years."

In an interview with The Telegraph last year, Mr Barnett said he shared much of Mr Woodford's approach to investing.

"The way Neil thinks about how to extract value from the stock market is very much the way I think," he said. "We are both long-term investors who only buy companies we have conviction in. We both believe in carrying out fundamental research into companies before we buy their shares."

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