Well, Oxley is certainly unconventional in many many ways.
I mean how many S'pore developers would jump into a market like Cambodia or take on such a big development in London given given its size?
Further more Oxley is very highly geared. The margin for error is very little, any misstep the company might just go under due to the weight of the debt, hence its performance is really dependent on how the management delivers.
That being said it is good to know that most of the projects are substantially sold. I just hope that there isn't any financial crisis in the next 2 years, after all it has been nearly 10 years since the last crisis....
The Board of Directors of Oxley Holdings Limited (the “Company”, and together with its subsidiaries,
the “Group”) wishes to announce that the Group’s wholly-owned subsidiary, Oxley Wharf Property 2
Limited (the “Vendor”), has entered into an agreement dated 24 July 2015 relating to the forward sale
to L&Q PRS Co Limited (“L&Q”) of 195 units intended for the Private Rented Sector at the Royal
Wharf Development. The block of units has been sold for GBP75,139,900 and is scheduled to be completed in 2018.
L&Q is one of London’s largest residential developers, owning or managing over 70,000 homes in London and the South East of London. It is also one of the largest landlords in London.
Oxley is out to defend its share price. Last Fri, bought 400K+ shares ot of the 900K+ shares traded. So the share price did not fall. Closed unchanged at 43 cents. Oxley has the fire power to continue buying out panicky sellers, i think