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To achieve capital appreciation through investments in a diversified portfolio of private mid-market businesses primarily in Europe.
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Year-end cash of £223 million so £1.29 of every share is cash
Dividend of 2.25 pence per share, to be paid on 15 April 2021 to shareholders on the register on or before 26 March 2021
During 2020, the Company did not issue any shares.
Five share buy-backs were completed during the year, pursuant to which 18 million
shares, or 9.1% of the total shares in issue as at the beginning of 2020, were cancelled at a
weighted average price of 230.0 pence, with a combined estimated positive impact on NAV
per share of 12.6 pence.
FY results next week.
NAV progression is a thing of beauty here
And sooner or later the OCI share price will follow.
We look in a consolidation phase currently,
they only last so long, before we move swiftly Over £3
A share Upwards.
Strong Buy for me.
All imv and as always please dyor.
This very profitable trust reports next week and with directors all buying should be in line for a nice increase in share price.
It is followed by Simon Thompson and I would expect him to again to reccomend a purchase as it is very cheap.
Asset value could also see a nice increase.
There seems to be a huge overhang of shares that are being off-loaded - all I see are huge quantities of shares being sold. This is depressing the share price which should be a LOT higher with a NAV of 403p - this in itself is hugely conservative and is probably nearer 600p.
Does anybody know where this overhang is coming from?
Steven Tredget, partner at Oakley Capital, gave an introduction to Oakley Capital Investments and updated on corporate performance at the latest Yellowstone Advisory webinar.
A recording of the webinar can be found on the Yellowstone Advisory You Tube channel here
https://youtu.be/tf7AlxVAFdw
A write up of the event can be found on the Yellowstone Advisory website here
https://www.yellowstoneadvisory.com/post/oakley-capital-investments-webinar-a-track-record-of-consistent-nav-growth
Investor webinar at 12pm on Wednesday. OCI is one of the leading listed private equity investment vehicles. The company invests in private companies in the Technology, Education and Consumer sectors and has a well diversified portfolio. The NAV rose 18% last year and over 5 years is up 113%. Partner Steven Tredget will introduce you to the company and update on recent corporate performance.
Register here
hxxps://us02web.zoom.us/webinar/register/3016106378507/WN_n1ZtwZlBTFKxdpcETrXUTw
Update today . Asset value 403p with cash of £233 million -. Share price of only 292 p which is a discount of over 26% to the asset value. Increases in value year after year at a great rate-well undervalued-more share price buybacks in the pipeline also to narrow discount. A Simon Thomson favourite.
Brilliant update this morning. Great uplift in NAV. Fantastic share to own. Trading at a massive discount. What's not to like ?
OCI webinar coming up: Feb 10th at 12:00
Steven Tredget, Partner at Oakley Capital, will provide an introduction to Oakley Capital Investments (OCI) and an update on company performance following the 2020 year-end trading update on 27 January.
Register: https://us02web.zoom.us/webinar/register/3016106378507/WN_n1ZtwZlBTFKxdpcETrXUTw
Another great divestment at a substantial premium to carrying value. With almost 300 million quid soon to be on the balance sheet, lets hope a few million are earmarked for further buybacks. When you can buy £3.63 of assets [including £1.57 of cash] for £2.54 there is no better investment on offer. Let's clear out some weak holders and move on upwards!
A really detailed [40 pages] and positive broker note which is free to access. Excellent value still on offer here for the long term investor. If net cash is stripped out, then portfolio is still being valued at a discount to book value of >50%. Some of the valuations are quite conservative to boot. Looking forward to interim results on 10.9. Management always keen to reduce discount so could be looking at another share buy back or possibly even a tender offer. A hike in the dividend would also be welcome. They can certainly afford it with the cash mountain on the balance sheet.
Net Asset Value per Share
31/12/2015 = 196.72p
31/12/2016 = 225.69p
31/12/2017 = 258.44p
31/12/2018 = 295.90p
31/12/2019 = 353.14p
31/12/2015 = 196.72p
31/12/2016 = 225.69p
31/12/2017 = 258.44p
31/12/2018 = 295.90p
31/12/2019 = 353.14p
Loosely linked but Peter seems to be throwing his cash about recently. He picked up circa £750k of Time Out (TMO) shares last week. Oakley a great bet though..
NAV 350p , seems very good value.
Yes sounds very positive . I came back in first thing this morning, had just been waiting for a sign.
Yesterday RNs announced share buyback programme. Then bought 2.5m quid. Today Dubens bought another 1m quid so owns about 40m quid/10%. Another director invested 0.25m quid today. Watch this space.....
We are hosting a ShareSoc Webinar with Oakley Capital Investments (OCI) on 19th May which may be of interest: https://www.sharesoc.org/events/sharesoc-webinar-with-oakley-capital-investments-oci-19-may-2020/
Is strange that certain brokers won’t allow you to buy this. I use ii and have never had a problem, but my daughter uses iWeb and we couldn’t buy OCI there. Apparently it’s classed as for professional investors only which is crazy
More great business by the board. OCI is a very well run operation, glad to be a long term holder.
Can a licenced broker refuse to deal in a listed company, surely against stock exchange rules. Could of course rereister with another broker unless certificated when unnecessary
Could transfer e.g. to a spouse or bed and is a thus avoiding dilution
Directors buying volumes mid June and price now lower. Iweb are refusing to hold after relisting 23/8, unlike other brokers.So all iweb holders need to sell oci, pushing the price down as mms know this of course! So right now it's a screaming buy unless you are with iweb!
You keep talking of a premium to so. It is at a discount to nav which is why it is such good value. You need to read a stock market glossary.