Oxley Holdings

Hi,

Am a regular reader of this forum for a long time and decided to sign up for an account, this is my first post.

Was looking closely yesterday and judging by the quick sell down late yesterday for Oxley, there is a likelihood that there was shorting or maybe forced selling in margin account?

Just sharing my observation as it is a stock that I follow.

(Vested)

(01-07-2014, 10:36 AM)vbReader Wrote: Hi,

Am a regular reader of this forum for a long time and decided to sign up for an account, this is my first post.

Was looking closely yesterday and judging by the quick sell down late yesterday for Oxley, there is a likelihood that there was shorting or maybe forced selling in margin account?

Just sharing my observation as it is a stock that I follow.

(Vested)

Welcome on-board. I wish you all the best on your VB experience.

Regards
Moderator

(01-07-2014, 10:42 AM)CityFarmer Wrote:

(01-07-2014, 10:36 AM)vbReader Wrote: Hi,

Am a regular reader of this forum for a long time and decided to sign up for an account, this is my first post.

Was looking closely yesterday and judging by the quick sell down late yesterday for Oxley, there is a likelihood that there was shorting or maybe forced selling in margin account?

Just sharing my observation as it is a stock that I follow.

(Vested)

Welcome on-board. I wish you all the best on your VB experience.

Regards
Moderator

I am also vested recently. From my research, the top shareholders are also property bosses themselves like Fragrance, Heeton and Hafari CEO to name a few. Though high gearing, these bosses won't invest unless they see it is worth it. I am sure the market is reacting to the termination of the MOU of Sepang Goldcoast and Sepang Bay. There is a recent buy by a substantial shareholder TEE WEE SIEN on 27 Jun which mean he see value in it. This is just my thinking.

The same case as Wee Hur.

Book NAV of Oxley was only 13.9 cents as of 31 March 2014. And it was trading in at 80 cents (highest point) and now dropping like a stone back to reality. Now it is trading at around 62 cents or 4.46 times its book NAV.

Has anyone computed the RNAV of Oxley? Is it close to 80 cents or much higher? Is market still trading way above RNAV ?

tks.

http://www.businesstimes.com.sg/premium/...o-20140822

PUBLISHED AUGUST 22, 2014
Greener pastures lie overseas, says Oxley CEO
Developer eyeing Europe, Myanmar; full-year profit soars to S$286.7m
BYLYNETTE KHOO
lynkhoo@sph.com.sg @LynetteKhooBT

OVERSEAS pastures look greener now for home-grown developer Oxley Holdings, which has set its eyes on recovering markets like Europe and emerging markets such as Myanmar.
The group, which yesterday announced a quadrupling of net profit for the year ended June 30 to S$286.7 million, is now in talks on a mixed development site in Europe.
Oxley chairman and chief executive Ching Chiat Kwong said he hopes to make an announcement in the next quarter if a deal in Europe materialises.
"Two years ago, we have already decided not to participate in any land deals in Singapore because of the (cooling) measures," Mr Ching said. "We are still exploring further opportunities along the way in other countries, especially regionally."

(16-08-2014, 09:33 AM)Curiousparty Wrote: The same case as Wee Hur.

Book NAV of Oxley was only 13.9 cents as of 31 March 2014. And it was trading in at 80 cents (highest point) and now dropping like a stone back to reality. Now it is trading at around 62 cents or 4.46 times its book NAV.

Has anyone computed the RNAV of Oxley? Is it close to 80 cents or much higher? Is market still trading way above RNAV ?

tks.

Here's a 48 pg report from OSK - RNAV calculated at $1.14. Target price is 20% disc to RNAV at 91c. They do carry high debt, but most Singapore properties have sold out & some overseas projects seems to be doing well. Nett gearing projected to go below 1 in 2017. Has most of the risk been transferred to property buyers?

http://rhbosk.ap.bdvision.ipreo.com/NSig...3ab14f.pdf

what happened to Oxley? free fall?
anybody still vested.
so scary, drop from high 83 cent to current 0.535...
about 40% losses

not surprising. Pls check out its book NAV and compare it with share price...

U may wish to also find out how much of its RNAV has been "locked in".

(17-09-2014, 02:16 PM)yeh Wrote: what happened to Oxley? free fall?
anybody still vested.
so scary, drop from high 83 cent to current 0.535...
about 40% losses

(17-09-2014, 10:12 PM)Curiousparty Wrote: not surprising. Pls check out its book NAV and compare it with share price...

U may wish to also find out how much of its RNAV has been "locked in".

(17-09-2014, 02:16 PM)yeh Wrote: what happened to Oxley? free fall?
anybody still vested.
so scary, drop from high 83 cent to current 0.535...
about 40% losses

U have the answer to your second point? Would appreciate your findings. Thanks.

The share price will continue falling to a point where share price is roughly equal to "locked in RNAV"

"Locked in" - profits booked but yet to be reported as part of NAV.

(17-09-2014, 10:25 PM)morten Wrote:

(17-09-2014, 10:12 PM)Curiousparty Wrote: not surprising. Pls check out its book NAV and compare it with share price...

U may wish to also find out how much of its RNAV has been "locked in".

(17-09-2014, 02:16 PM)yeh Wrote: what happened to Oxley? free fall?
anybody still vested.
so scary, drop from high 83 cent to current 0.535...
about 40% losses

U have the answer to your second point? Would appreciate your findings. Thanks.