Compelling reasons to combine Skilled Group and Programmed Group
OC Funds Management
Skilled Group (SKE) (+11.6%) outperformed during the month after it agreed to re-engage with its previously rebuffed suitor, Programmed Group (PRG). SKE and PRG operate very similar labour hire businesses and there are compelling reasons (including significant cost synergies) to combine the two companies. SKE is back at the negotiating table after PRG agreed to discuss “enhanced terms” to the previous scrip for scrip merger deal which was earlier viewed by the SKE board to be inadequate. We believe both parties are highly motivated to agree terms and shareholders in both companies will benefit should a deal indeed be reached.
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OC Funds Management (OC) is a boutique small cap specialist which was founded by its investment staff and non-executive directors. OC commenced operated in December 2000 with the launch of two long only small cap Australian equity funds, the OC Dynamic Equity Fund and the OC Premium Small Companies Fund. in 2003 it launched its third product, the OC Concentrated Equity Fund. The Funds are managed by a highly experienced and well resourced team, lead by Robert Frost, with risk management heavily ingrained through all stages of the investment process. OC are in partnership with Copia Investment Partners who are the Responsible Entity and provider of all non investment related services to allow the investment team to focus on what they do best - investing.
OC Funds Management
OC Funds Management (OC) is a boutique small cap specialist which was founded by its investment staff and non-executive directors. OC commenced operated in December 2000 with the launch of two long only small cap Australian equity funds, the OC...
Expertise
No areas of expertise
OC Funds Management
OC Funds Management (OC) is a boutique small cap specialist which was founded by its investment staff and non-executive directors. OC commenced operated in December 2000 with the launch of two long only small cap Australian equity funds, the OC...
Expertise
No areas of expertise
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