26th Jul 2018 13:12
LONDON (Alliance News) - Oakley Capital Investments Ltd on Thursday said it expects net asset value to improve in the first half of its current financial year amid positive revaluation of its underlying portfolio.
The financial consultation provider said it expects net asset value per share in a range of 256 pence end 259p. In comparison, Oakley reported NAV per share at 245p as at the end of 2017.
Shares in Oakley were trading 1.7% higher on Thursday at 196.80 pence each.
During the six months to the end of June, the company said it saw a positive revaluations in the core sectors of its underlying portfolio. Uplifts have been driven by the portfolio companies' continued ability to exhibit strong performance and growth in profitability, Oakley said.
During the period, the company invested GBP62.1 million through the Oakley Funds, primarily relating to the acquisition of private higher education provider Career Partner Group and the reinvestment in contact lens manufacturer Facile Co Ltd and sailmaker North Sails.
In addition, Oakley said it sold its holdings in dating services company Parship Elite Group and energy products firm Verivox. These exits reflect Oakley's continued success in the digital consumer space as well as its ability to create value and identify long term attractive assets, it said.
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