RCS - Oakley Capital Inv. - Update from QuotedData

Oakley Capital InvestmentsAnnouncement

20/12/2023 09:45

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RNS Number : 4677X  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 £240m 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/
(https://quoteddata.com/research/oakley-capital-investments-walking-walk-qd/)

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NB: Marten & Co was paid to produce this note on Oakley Capital
Investments and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities mentioned in this
report. Please read the important information at the back of this note.
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