Oakley Capital Investments (LON:OCI) has confirmed that the portfolio strength has driven an 11% NAV uplift as the investment company released a six-month trading update that closes in June 2021.
NAV Growth
Oakley Capital Investments (OCI)’s unaudited NAV at the end of June was £84 million, equivalent to 445p NAV per share. Total NAV profit per share, including dividends, was 11% from December 2020 and 26% from June 2020.
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performance
While the Oakley Funds maintained its solid performance level and EBITDA growth, the impact of Covid-19 continues to hit its operations. Of the current portfolio, 14 companies, equivalent to 52% of NAV, increased their revenues over the six-month period. Four companies, which account for 14% of NAV, had a minor impact on their financial performance due to Covid, but three companies, which account for 29% of NAV, continue to be heavily affected, the company said.
investment
Over the past six months, OCI has made a look-through investment of £905 million. This was attributed to the acquisition of four new platform investments, apart from some minor successor investments. , ICP Education (Fund IV) and Ecommerce One (Origin Fund).
Cash and cash commitments
Balance Sheet – OCI has no leverage, cash on the balance sheet of £172 million on June 30, 2021, including 21% of Navrecent commitments – Oakley, closed in January 2021 OCI’s total commitment to the Capital Origin Fund was 129 euros (129 euros) (£111) million outstanding commitments – the outstanding Oakley Fund commitment is £438 million
OCI is a specialized fund segment trading investment vehicle aimed at providing shareholders with consistent long-term capital growth beyond the FTSE all-stock index by providing liquid access to private equity returns through investments in Oakley Funds .
Oakley Capital Investments will rise 0.85% during Wednesday morning sessions.
