Oxley Holdings

[propertyinvestor]

Hougang Plaza can be redeveloped into mini strata titled shop spaces and resold for an average 3000psf. Huttons will be appointed marketing agent. They do a good job in selling Oxley's projects anyway.

Hmm, that could be possible, perhaps capitaland's just too silly not to have thought of it

Capitaland so stupid, anyhow sell Scotts shopping center to Wheelock Properties for 126million last time. Wheelock redevelop it and earn 800million.

Capitaland also so stupid sell away their strata units in Adelphi to Guthrie at a cheap price. Now Guthrie take and resell it 30-40% higher.

WTF.

[money]

I am wondering whether am I missing out something in this property developer company ? This small cap company is currently trading at $0.40 per share. It generated $1.8 million net profit in 1Q 11 which translates to an EPS of 0.08 cents. It has equity of $13 million or a NAV of 0.94 cents.

Is there a reason why the market is valuing it with a PER of 125 and P/B of 42.55 ?

Perhaps, they are developing plenty of projects which they have yet to book in the P&L Statement ? Noticed they got quite a fair bit of properties under development in their current assets.

(Not Vested)

i hope the european crisis will spread to singapore. I will be very very interested to see how oxley survives when it is so leveraged.

Everyone thinks leverage is sexy.
Everyone thinks oxley has a wonderful business model.
Many analysts try to justify oxley's high share price.

i hope this crisis kills oxley, punish them hard for such high leverage. i have difficulty buying oxley even at 15 cents today.

by the way, SC global is another joker, doing sharebuyback now when it has difficulties selling its many unsold properties. Good luck to all who own oxley and SC global

*not vested in oxley & SC

[yaosheng]

roxy pacific is a high-leveraged sg property play as well

[Nick]

roxy pacific is a high-leveraged sg property play as well

I don't think Roxy is highly leveraged. The hotel market valuation alone is equivalent to their total debt. Significant sums of cash as well.

(Not Vested)

[propertyinvestor]

I am wondering whether am I missing out something in this property developer company ? This small cap company is currently trading at $0.40 per share. It generated $1.8 million net profit in 1Q 11 which translates to an EPS of 0.08 cents. It has equity of $13 million or a NAV of 0.94 cents.

Is there a reason why the market is valuing it with a PER of 125 and P/B of 42.55 ?

Perhaps, they are developing plenty of projects which they have yet to book in the P&L Statement ? Noticed they got quite a fair bit of properties under development in their current assets.

(Not Vested)

i hope the european crisis will spread to singapore. I will be very very interested to see how oxley survives when it is so leveraged.

Everyone thinks leverage is sexy.
Everyone thinks oxley has a wonderful business model.
Many analysts try to justify oxley's high share price.

i hope this crisis kills oxley, punish them hard for such high leverage. i have difficulty buying oxley even at 15 cents today.

by the way, SC global is another joker, doing sharebuyback now when it has difficulties selling its many unsold properties. Good luck to all who own oxley and SC global

*not vested in oxley & SC

You sound very ignorant. Obviously you dont know how the property market works. Most of Oxley's developements has been fully sold. The fully sold developments are used to borrow against the large sums of monies. The banks are obviously fine with it because its backed by progressive payments of the properties under construction.

[money]

5 years should be enough to tell who is ignorant.. haha, let's just wait

[money]

omg, this joker is doing a rights issue to raise capital...

what i find disgusting is even the price of $0.17 for the rights overvalues the company significantly.

http://info.sgx.com/webcorannc.nsf/Annou...endocument

[MattAtelier]

Interesting posts

I wonder if this Oxley is the same one named in the recent Cambridge Industrial Real Estate trust announcement -- CREIT has set up some sort of JV with Oxley for development. From the prior posts on Oxley, this sounds like a low quality partner

See July 20 announcement:
http://www.cambridge-itrust.com/phoenix....ents&nyo=0


Does anybody know if this is the same Oxley?

[Nick]

Interesting posts

I wonder if this Oxley is the same one named in the recent Cambridge Industrial Real Estate trust announcement -- CREIT has set up some sort of JV with Oxley for development. From the prior posts on Oxley, this sounds like a low quality partner

See July 20 announcement:
http://www.cambridge-itrust.com/phoenix....ents&nyo=0

Does anybody know if this is the same Oxley?

It is a different entity.

The announcement states that:

Oxley is an indirectly-held wholly-owned subsidiary of Oxley Global Limited, which is deemed to be an “interested person” of CIT for the purposes of the Listing Manual of Singapore Exchange Securities Trading Limited and an “interested party” for the purposes of Appendix 6 to the Code on Collective Investment Schemes.

Oxley Holdings isn't an interested person in this REIT - so who could this be ?

If one looks at the structure of the REIT Manager, it's ownership structure consist of NAB (56%), Oxley Global Group (24%) and Mitsui (20%). The REIT website states that 'Oxley Group is an innovative private investment house specializing in real estate and private equity investments across Asia-Pacific.'

http://www.oxleycapital.com/ [Website]

(Not Vested)

[Behappyalways]

very aggressive company.......hope the acquisition will bring up the value around the area and benefit Sing Hldgs's Robin site......

ACQUISITION OF PROPERTY
http://info.sgx.com/webcoranncatth.nsf/V...F003B1041/$file/Acquisition.pdf?openelement


no vested interest