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You are here: Announcement

Tuesday 18 January, 2011

RNS Number : 6114Z
Oakley Capital Investments Limited
18 January 2011



18 January 2011


Oakley Capital Investments Limited


Trading Update for the 12 months ended 31 December 2010


·      NAV (unaudited) expected to be in the range of £1.64 - £1.67

Over 16% up from year ended 31 December 2009

Over 18p up from 30 June 2010


Oakley Capital Investments Limited (AIM: OCL, "OCIL"), the AIM-listed company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. (the "Limited Partnership" or the "Fund"), today announces a trading update for the 12 months ended 31 December 2010.


The Limited Partnership's portfolio of investments comprises Daisy Group plc, Verivox Holdings Limited, Headland Media Limited, Monument Securities Limited, BDO Investment Management Limited and Time Out Limited.  Oakley Capital Limited, OCIL's investment adviser, estimates that the Company's net asset value per share, which is subject to the completion of the 31 December 2010 audit of both the Limited Partnership and the Company, will be in the range of £1.64 to £1.67.  The OCIL net asset value is made up of cash, the investment in the Limited Partnership and loans provided to a number of the portfolio companies.



Peter Dubens, Director, commented:

"The second half of 2010 has been very busy for the Limited Partnership with its first realisation in the Fund and two new investments, in BDO Investment Management and Time Out.  The exit was from Host Europe Corporation Limited, the Fund's previous largest investment, for total consideration of £222 million, after a holding period of just 31 months.


"The Fund's portfolio companies continue to perform well with an improvement in underlying profitability in the remaining investments driving an increase in net asset value per share of at least 14p in the year."


For further information please contact:

Oakley Capital Investments Limited

+44 20 7766 6900

Peter Dubens (Director)

Financial Dynamics

+44 20 7831 3113

Juliet Clarke / James Macey-White

Liberum Capital Limited (Nominated Adviser & Broker)

+44 20 3100 2000

Steve Pearce / Steven Tredget


This information is provided by RNS
The company news service from the London Stock Exchange
Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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