Oxley Holdings

Oxley has bought back 3.5 million shares in aggregate on 5, 8, and 9 April.
This is positive!

Catalysts:
Strong sales in S'pore residential market this year.
Award of massive Myanmar rail station project.

Chairman Ching's salary band in FY2018 was S$11,750,000 to S$12,000,000, according to the AR.

Still extraordinary sum but it is lower than the $15,500,000 to $15,750,000 band that he was in in FY2017.

The huge sum was the subject of criticism from shareholders at the FY2017 AGM, according to my friends. Basically, the formula for his remuneration was set during IPO and shareholders called for a revision.

Oxley to sell Mercure and Novetel hotels on Steven Rd for
S$950.0 million. (translating into $1.25m per room key).

proceeds will enable Oxley to settle $500m outstanding hotels' loan, so have $450m cash remaining. .

This should be positive for the stock price tomorrow.

infopub.sgx.com/FileOpen/Annc%20-%20LOI....cement&FileID=540141

Positive impact on Oxley this morning, spillover effect on Hiap Hoe. (88.5 cents). Never seen this vol. 100+ lots traded in a single day (let alone first 30 mins)

Oxley receives Expression of Interest to buy Chevron House for $1.025 b.
Oxley completed purchase of Chevron 12 months ago in March 2018 for $660 million, and spent x on Asset Enhancement Initiative.
All in, it's a hugely profitable sale if it materialises.

1,666,800 shares bought by Chairman Ching on 7 June 2019.
30.84 cents a share.

Looks positive