I have checked back on what Kevin Scully said. His expectation of revenue for FY12 has been exceeded by Oxley. Kevin expected $140 m but It's S$159 million actually.
I expect revenue in FYE June 2012 to rise to about S$140mn from about S$70mn in 2011. Historical valuations are not compelling but if you are prepared to wait another one to two years you could enjoy upside of more than 50% !!! after taking into account their recent land purchases.
On a bad market day, Oxley still rose +2 cents to 44 cents. I think this is a record high. More gains are expected... it has been undiscovered for so long.
Who is interested to go to Oxley AGM ?
date is Tues, Oct 30. @ Raffles Country Club.
10 am , followed by EGM 11 am. Followed by sumptious lunch ? Let's see....if dont have, kaupeh kauboh after travelling so far to the country club