Oxley Holdings

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6 years 7 months ago #23916 by Joes
Replied by Joes on topic Oxley Holdings
Oxley boss appears on BT video, giving quick overview of what Oxley is evolving into and new areas of businss: www.businesstimes.com.sg/videos/ching-ch...td-ceo-conversations

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6 years 6 months ago - 6 years 6 months ago #23951 by Poh
Replied by Poh on topic Oxley Holdings
Oxley announced it bought United Engineers shares. 7% stake, which is likely to cause the current Offer from Yanlord to fail because Oxley (& perhaps friendly parties) ain't subscribing for it and so Yanlord cannot do compulsory acquisition. .

Bought at $2.654 cents a share, no wonder trading price has been higher than offfer price of 2.60.

The question is , what does Oxley intend to do with its stake?
Last edit: 6 years 6 months ago by Poh.

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6 years 4 months ago - 6 years 4 months ago #24066 by Poh
Replied by Poh on topic Oxley Holdings
Oxley +4 cents --> 61 cents today.

Reasons (imho):

1. Singapore property sentiment has turned positive and who has the largest residential landbank today? Oxley! It bought the landbank this year, which is great timing. Can build 2,833 units (S$3.03b GDV).

2. Royal Wharf project (London) has hardly any default despite Brexit. The deliveries are accelerating and cashflows will be awesome.

3. Oxley's 2 hotels in Stevens Road, Singapore, have been completed. They should open soon!
Last edit: 6 years 4 months ago by Poh.

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6 years 4 months ago - 6 years 4 months ago #24121 by Poh
Replied by Poh on topic Oxley Holdings
Looking forward to AGM for the first time being held tomorrow at Oxley's very own hotel. Newly completed.

Polaris I, Level 1
Novotel & Mercure Singapore on Stevens
28 Stevens Road,
Singapore 257878
Last edit: 6 years 4 months ago by Poh.

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6 years 2 months ago #24169 by Poh
Replied by Poh on topic Oxley Holdings
Novotel opened in Oct 2017.
Mercure opened over the past weekend.
Room rate SGD155, looks like it's priced to sell in volume. Location is not near MRT station but can walk to Scotts Rd and Orchard Rd.

www.mercure.com/gb/hotel-9561-mercure-si...-stevens/index.shtml

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5 years 11 months ago - 5 years 11 months ago #24304 by Poh
Replied by Poh on topic Oxley Holdings
Expected weakness in Oxley share price because people who took placement shares selling their holding ahead of the receipt of the placement shares.

Short term.

The fund raising of $78 m is good for Oxley to cheong some more. Perhaps it is for the upcoming Myanmar Central Yangon Railway project. A monster project. 25.7 hectares, equivalent to about 35 football fields.

Big feather in the cap, already got lovely feather from London project (Royal Wharf).
Last edit: 5 years 11 months ago by Poh.

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