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Poor results today, with consistent loss (although this time it was a bit lower).
https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=OBE
Highlights
Funds under management and administration ('FUMA') increased 141% to £765m as at 30 September 2021 (2020: £317m)
Revenue increased by 186% to £3.4m (2020: £1.2m) with growth across all areas of business
EBITDA £295k (2020: loss EBITDA £436k), profit before tax: £128k (2020: loss before tax of £514k)
Strong balance sheet with net assets of £3.7m (2020: £1.9m) including net cash of £1.5m (2020: £0.7m)
Further strengthening of key teams across fund management, compliance and operations
Considerable investment in wealth technology platform to greatly improve customer experience as it rolls out across client base
Oberon Capital completed 12 fundraises in the period, raising money for clients through IPOs and private placings
Current Trading and Outlook
Post period end, Oberon continues to experience strong growth across all divisions
FUMA continues to increase rapidly, achieved entirely through organic growth and client recommendation
•
A number of corporate transactions are currently completing through Oberon Capital, supported by a strong future pipeline of deals. Oberon Capital is also increasing its retained client base through referrals from existing corporate clients
•
Oberon expects to launch a number of funds and new products for clients in 2022, which will further add to our service offering and generate new revenue opportunities
lots of good news, keep an eye on the OBE twitter feed. https://twitter.com/groupoberon or at the bottom of the Oberon home page
plenty of action here to be had. OBE advissed on a new IPO and placing into the Acquis market today , £5.2m raised. See the Oberon twitter feed.
A nice little top up!!
see the Oberon annoucements page , on their own website.
decent purchase last week 8/10/21
all good news in the sector , OBE in a sweet spot.
https://www.standard.co.uk/business/peel-hunt-to-float-at-ps280m-on-back-of-pandemic-trading-boom-b957088.html
Definitely woken up! Growing funds under management. Strengthened the management team. Looking very solid.
seems to have woken up.
Mr A adding to his stake. For whatever reason LSE don't put up the RNS on this stock. So check out the OBE website on the Aquis one.
Yep. Profit taking was always going to happen after the listing. Hopefully those left are here to stay!!
thorugh 5p , someone is accumulating, seems the main seller/s have been cleaned out and now a chance for a sensible price to develop.
Indeed Countback. The results were excellent. The team, including the non execs are highly credible, and extremely well connected. Onwards and upwards!!
Good seeing more trades go through, though not masses and seems to be plenty of buying (even if marked as sells) and rightly so on back of their numbers the other month, about time.
Oberon Investments Group plc
("Oberon" or the "Company")
Final Results for the year ended 31 March 2021
A transformational year, with continued strong growth post period end
Oberon, the boutique wealth management and corporate broking group, is pleased to announce its final results for the year ended 31 March 2021.
Highlights
· 237% revenue growth to £3.8m for the year (2020: £1.1m on a 12-month comparable basis)
· Over 340 % increase in Assets under Administration ("AUA") to over £550m (2020: £125m)
· Strong launch of Oberon Capital, driven by new retained clients and fundraisings
· Successful listing on the AQSE Growth Market
· Acquisitions of Hanson Investment Management and Smythe House (completed post financial period end)
· Strengthening of key teams across Fund Management, Compliance and Operations
· Strong cash position £1.9m (2020: £0.8m) and balance sheet at year end
Current Trading and Outlook
· Very strong start to 2021, with record Q1 revenues and maiden EBITDA profit in financial year 2021/22
· AUA growth continues, with over £600m at the end of June 2021
· Continued significant investment in technology and teams
· Continued growth in Oberon Capital:
o Over £30m raised for corporate clients since launch in June 2020
o First IPO was a great success: £3m raised in oversubscribed pre-IPO round; £9.5m raised in oversubscribed IPO; shares began trading at a strong premium
o Strong pipeline of business for the rest of 2021, with further IPOs and fundraisings expected
· New wealth management system, launching in Q2 financial year 2021/22, will provide further improved services for clients, making the wealth management division ever more competitive
· Ongoing talks with a number of new fund management teams which, if successful, would bring significant further AUA to Oberon
Simon McGivern, CEO of Oberon Investments Group, commented: "The results for last year, and in particular the start we have made to the current financial year, continue to exceed our own high expectations. The Oberon platform, with its complementary revenue streams and teams of talented professionals, keeps delivering outstanding returns for our clients.
"Future acquisition opportunities, some potentially transformational, continue to be analysed and negotiated. However, given the base we have now built, we will only consider future deals that complement Oberon's ambitions and integrate into what we are building.
"Year one of Oberon's journey has now been successfully completed; the future destination looks very bright indeed."
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).
The directors of Oberon accept responsibility for this announcement.
Check other sites. Mr Chris Akers has been increasing his holding.
https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=OBE
Quality Andy…
https://uk.advfn.com/stock-market/london/helium-one-global-HE1/share-news/Helium-One-Global-Ltd-Holdings-in-Company/85634874
They have also got almost 3% of Helium One
https://investegate.co.uk/truspine-technolgs.--tsp-/rns/holding-s--in-company/202107231132013067G/
Looks like Oberon keeps accumulating positions in good companies.
slowly , buyers are back pinching a few at the bargin price.
Certainly, looking at recent results and the statement that the new year has started strongly, I cannot see these hanging around at 5p for too long.
Good management team and they are happy to acquire to grow assets under management and revenue growth.
There has been strong buying since the results last week and expect more.
the hoards won't be long in arriving now. Seems tightly held, those who wanted out seem to have gone. Isn't going to take much for this to move at speed.