Simon Thompson 

Exploit Oakley’s deep discount to book value

Simon Thompson

Simon Thompson

Shares in Oakley Capital (OCI:193p) are within pennies of their autumn all-time high after the private equity investment company reported a 15 per cent-plus rise in net asset value (NAV) per share to between 278p and 281p in 2018, representing a sharp uplift on the half-year NAV per share of 259p when I covered the interim results (‘Oakley’s bumper realisations’, 17 September 2018). The board also intends to declare a final dividend (2.25p last year) when it releases annual results on Thursday, 14 March 2019.

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