AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
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Highlights
- Stable NAV Amid Currency Challenges: OCI reported a NAV per share of 693 pence, with a total NAV of £1.222 billion, facing a -2% total NAV return impacted by foreign exchange fluctuations.
- New Investments and Strong Financial Position: The company made £28 million in new investments and reported cash and undrawn debt facilities of £165 million.
- Increased Credit Facility: OCI expanded its credit facility by £50 million post-period, enhancing its financial flexibility and capacity for future investments.
Oakley Capital Investments Limited (LSE:OCI) has released its quarterly trading update for the three months ending 30 September 2024. The company, known for its commitment to delivering long-term returns exceeding the FTSE All-Share Index, continues to focus on investments managed by Oakley Capital.
Investment Strategy and Portfolio Overview
OCI invests primarily in unquoted, profitable businesses across Europe, focusing on sectors such as Technology, Education, Consumer, and Business Services. The firm's investment strategy centers on fostering growth in its portfolio companies through strong origination capabilities and value creation drivers. This approach has enabled OCI to assist founders and management teams in enhancing their business performance and achieving superior returns.
Key Financial Highlights
For the quarter, OCI reported the following key figures:
- Net Asset Value (NAV): The NAV per share stood at 693 pence, with a total NAV of £1.222 billion.
- Total NAV Return: The total NAV return per share was reported at -2% (a decline of 15 pence), though it remained unchanged when excluding the impact of foreign exchange fluctuations.
- New Investments: OCI made £28 million in new investments during the quarter, reinforcing its commitment to expanding its portfolio.
- Financial Position: The company maintained cash and undrawn debt facilities amounting to £165 million, positioning itself well for future opportunities.
- Credit Facility: Post-period, OCI successfully increased its credit facility by £50 million, enhancing its financial flexibility.
- Outstanding Commitments: The company reported outstanding commitments totaling £777 million, indicating a strong pipeline of future investments.
Currency Headwinds Impact
Despite the robust performance of its portfolio, OCI faced challenges due to currency headwinds, which impacted its NAV return. The company remains focused on mitigating these effects while continuing to identify and pursue attractive investment opportunities across its core sectors.
