DJ Hardman & Co Research: Oakley Capital Investments (OCI): NAV: conservative, robust and with growth upside
Hardman & Co Research
Hardman & Co Research: Oakley Capital Investments (OCI): NAV: conservative,
robust and with growth upside
03-Dec-2020 / 16:50 GMT/BST
Hardman & Co Research: NAV: conservative, robust and with growth upside
In this note, we examine three aspects of OCI's NAV: firstly, why investors
can have confidence that it is conservatively calculated, evidenced by i)
realisations above carry cost, ii) no incentive to inflate valuations, and
iii) a tech-enabled business mix; second, NAV has been robust through
COVID-19, a feature we expect to continue, driven by digitally delivering
companies, largely defensive sectors and OCI's large cash balances; third,
upside from incorporating the market's "vaccine" recovery in OCI's NAV is
compounded by underlying structural growth and a unique sourcing model in
attractive markets. The 29% discount to NAV is an additional attraction.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/nav-conservative-robu
st-and-with-growth-upside/ [1]
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by clicking on the above link
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End of Announcement - EQS News Service
1152738 03-Dec-2020
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(END) Dow Jones Newswires
December 03, 2020 11:50 ET (16:50 GMT)
