12th Mar 2020 11:17
(Alliance News) - Oakley Capital Investments Ltd on Thursday posted a rise in net asset value and the investor said it enjoyed "another successful year".
Net asset value at December 31 rose 19% year-on-year to GBP686.0 million from GBP574.8 million. NAV per share was 23% higher at 345.00 pence from 281.00p.
The stock was trading 4.0% lower at 224.06p each in London on Thursday morning.
Chair Caroline Foulger said: "It has been another successful year for Oakley Capital, with strong portfolio company trading and exits above book value delivering a market-leading total NAV return of 25%."
The company declared a full-year dividend of 4.5p per share, flat year-on-year.
Oakley Capital invests in four funds which in turn make investments in companies across various sectors like media and leisure business Time Out Group PLC and maritime-focused e-learning firm Seagull & Videotel.
Oakley Capital added: "The trading strength of the portfolio companies has continued into 2020. However at the time of writing, the full extent of the global covid-19 outbreak and resultant effect on the global economy is unknown. We anticipate a trading impact across the portfolio but remain confident that Oakley's investment strategy and sector focus will provide some resilience during this period of disruption.
"The board is satisfied that Oakley is closely monitoring the impact of covid-19. All investee companies have prepared response plans and proposed measures have been shared across the portfolio."
By Eric Cunha; [email protected]
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