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HARDMAN & CO RESEARCH Hardman & Co Research on Oakley Capital Investments Ltd (OCI): 1H’22: results prove NAV real, resilient and growing

Directive transparence : information réglementée

20/09/2022 17:00

Hardman & Co Research
Hardman & Co Research on Oakley Capital Investments Ltd (OCI): 1H’22: results prove NAV real, resilient and growing

20-Sep-2022 / 16:00 GMT/BST


Hardman & Co Research on Oakley Capital Investments Ltd (OCI):

1H’22: results prove NAV real, resilient and growing

 

We believe a significant driver to the whole listed PE sector trading at a large discount to NAV is investors’ concerns about whether the NAVs are real and conservative, and whether they can grow. For OCI, the detail in its latest results disclosure should, once again, abate any of those worries. In particular, we highlight i) realisations, on average, 52% above carrying value, ii) 18% growth in investee company EBITDA (which accounts for around three quarters of NAV growth), iii) a PEG ratio of 0.8x,  iv) 93% of multiple expansion driven by exit uplifts, and v) average EV/EBITDA ratings below listed market levels, despite subsectors that attract high ratings. Oakley adds value to companies in all economic environments, especially uncertain ones.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/9395/

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mt@hardmanandco.com

 

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



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End of Announcement - EQS News Service

1446585  20-Sep-2022 

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