Trading Update

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

o  Over 16% up from year ended 31 December 2009

o  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	[phone]
Peter Dubens (Director)
Financial Dynamics	[phone]
Juliet Clarke / James Macey-White
Liberum Capital Limited (Nominated Adviser & Broker)	[phone]
Steve Pearce / Steven Tredget

 

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