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OASIS CRESCENT PROP FUNDOASIS CRESCENT PROP FUNDOASIS CRESCENT PROP FUND

OASIS CRESCENT PROP FUND

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OAS trade ideas

Our opinion on the current state of OASIS(OAS)Oasis (OAS) is a property company that adheres to the principles of Islamic finance, managing a range of properties and offering financial services. The company also handles institutional investments and retirement portfolios for governments, parastatals, collective investment schemes, and private individuals. In addition to property management, Oasis operates through several wholly owned subsidiaries engaged in insurance, fund management, and property management. In its financial results for the six months ending 30th September 2024, Oasis reported a 10.8% increase in income and a 13.8% rise in net asset value (NAV). The company also saw a 23.3% increase in headline earnings per unit (HEPU), reaching 111.1 cents per unit, compared to 90.1 cents per unit in the previous corresponding period. This improvement was attributed to adjustments on financial assets at fair value through profit or loss. While the company's financial performance appears solid, there are concerns about the share's trading patterns. Despite substantial trading volume, the share price often remains stagnant for extended periods, which could indicate potential manipulation or unusual market activity. Investors should be cautious of these irregularities and closely monitor the stock’s liquidity and trading trends before making any investment decisions.
JSE:OAS
by PDSnetSA
Our opinion on the current state of OASIS(OAS)Oasis (OAS) is a property company that manages various properties applying the principles of Islamic finance. It also manages institutional investments and retirement portfolios for governments, parastatals, collective investment schemes and private individuals. It has a number of wholly owned subsidiaries that engage in insurance, fund management and property management. In its results for the year to 31st March 2024 the company reported revenue up by 20,1% and distributable income up by 13,5%. The company's net asset value (NAV) increased 13% to 2703c per share. In 2024 the share has moved up rapidly - so perhaps it has potential, but its behaviour is not normal in our view. There are many days where the share price does not move, but there is substantial volume traded. This may be some sort of manipulation.
JSE:OAS
by PDSnetSA
Our opinion on the current state of OASOasis (OAS) is a property company that manages various properties applying the principles of Islamic finance. It also manages institutional investments and retirement portfolios for governments, parastatals, collective investment schemes and private individuals. It has a number of wholly owned subsidiaries that engage in insurance, fund management and property management. In its results for the six months to 30th September 2023 the company reported total income up 31,7% and headline earnings per unit up 176%. The company's net asset value (NAV) increased by 5,7% to 2423c per unit. The company said, "...annualised total unitholder return of 10.3% relative to annualised inflation of 5.9% since inception, resulting in a real return of 4.4% per annum since inception. The Fund’s annualised total intrinsic value return is 11.3% per annum since inception and it is currently trading at a 22% discount to NAV taking into consideration the current HY2024 dividend of 53.2 cents per unit." The company appears to have a strong balance sheet with minimal debt. The enduring problem with this share from a private investor's perspective is that it is the closing share prices do not appear to reflect the value traded. The share price stayed the same for six months between May and December 2023 - despite the fact that on average R730 000 worth of the stock has been changing hands every day on average over the past 30 trading days. This seems to us to be some kind of manipulation. In 2024 the share has moved up rapidly - so perhaps it has potential, but its behaviour is not normal in our view.
JSE:OAS
by PDSnetSA
Our opinion on the current state of OASOasis (OAS) is a property company that manages various properties applying the principles of Islamic finance. It also manages institutional investments and retirement portfolios for governments, parastatals, collective investment schemes and private individuals. It has a number of wholly owned subsidiaries that engage in insurance, fund management and property management. In its results for the six months to 30th September 2023 the company reported total income up 31,7% and headline earnings per unit up 176%. The company's net asset value (NAV) increased by 5,7% to 2423c per unit. The company said, "...annualised total unitholder return of 10.3% relative to annualised inflation of 5.9% since inception, resulting in a real return of 4.4% per annum since inception. The Fund’s annualised total intrinsic value return is 11.3% per annum since inception and it is currently trading at a 22% discount to NAV taking into consideration the current HY2024 dividend of 53.2 cents per unit". The company appears to have a strong balance sheet with minimal debt. The enduring problem with this share from a private investor's perspective is that it is extremely thinly traded with almost no volume.
JSE:OAS
by PDSnetSA