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.