Oakley Capital Investments Limited Update from QuotedData
December 20 2023 - 3:39AM
RNS Non-Regulatory
TIDMOCI
Oakley Capital Investments Limited
20 December 2023
Oakley Capital Investments - Update from QuotedData
20(th) December 2023
Walking the walk
Despite broader economic challenges, Oakley Capital Investments
(OCI) continues to deliver outstanding, market beating shareholder
returns. Its focus on cash-generative companies with recurring
revenues and asset-light business models means the portfolio
remains well insulated as financial conditions have tightened,
highlighted by double digit earnings growth over the last financial
year. The staggered nature of its investments has provided a
consistent stream of realisations (at an average premium of 35%),
validating net asset values (NAVs) and providing plenty of
financial flexibility.
The latest of these was the GBP240m sale of its stake in IU
group, which crystalised an 85% IRR. Despite this execution and
market leading track record, shares remain at a considerable
discount to NAV. While this reflects broader market weakness across
unlisted assets, it is difficult to see how it can be justified
over the long term given the strength of the company's NAV
growth.
Full Research:
https://quoteddata.com/research/oakley-capital-investments-walking-walk-qd/
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