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Oakley Capital Investments ( (GB:OCI) ) has provided an announcement.
Oakley Capital Investments Limited has repurchased 250,000 of its own ordinary shares at 562 pence per share for cancellation, reducing its share count and leaving 167,231,749 ordinary shares in issue on the London Stock Exchange’s main market, all carrying voting rights. The transaction forms part of the company’s ongoing capital management and has implications for existing shareholders’ relative stakes and voting power, as the lower share count can enhance per-share metrics and tighten the free float in the listed vehicle that provides public market investors with exposure to Oakley’s private equity funds.
The most recent analyst rating on (GB:OCI) stock is a Buy with a £7.25 price target. To see the full list of analyst forecasts on Oakley Capital Investments stock, see the GB:OCI Stock Forecast page.
Spark’s Take on GB:OCI Stock
According to Spark, TipRanks’ AI Analyst, GB:OCI is a Outperform.
Oakley Capital Investments exhibits a solid overall score driven by a robust balance sheet and attractive valuation. However, income volatility and bearish technical indicators present challenges. Strategic share buybacks are a positive corporate event, indicating management’s confidence and providing support to the stock’s outlook.
To see Spark’s full report on GB:OCI stock, click here.
More about Oakley Capital Investments
Oakley Capital Investments Limited is a closed-ended investment fund listed on the main market of the London Stock Exchange. It offers shareholders liquid access to private equity returns by investing in Oakley’s unlisted lower-mid to mid-market private equity funds and venture capital vehicles, which target buy-out and growth opportunities in sectors with strong potential for expansion, consolidation and performance improvement, as well as entrepreneur-led, technology-focused businesses.
Average Trading Volume: 292,820
Technical Sentiment Signal: Buy
Find detailed analytics on OCI stock on TipRanks’ Stock Analysis page.