Oxley Holdings

Pine: I just saw the news! Yup, it is really dynamic, doing alot of things that are totally unexpected but had so far execute the projects very well.

Investing in Oxley is really betting on the CEO, the gearing is really scary but most of its S'pore projects sold well. London development is really the high point.

Now lets see how the other investment works out.

Oxley drop so much recently~

OXLEY was way ahead of may small developers in foraying into overseas markets and the results r encouraging.

London -- Royal Wharf (Residential)
Phase 1A: 99% sold
Phase 1B: 76%
Phase 2: 41%.



Cambodia -- The Bridge Phase 1
- residential units: 96% sold
- SOHO Units: 58%.

Including Singapore projects, Oxley has S$3 billion to recognise going forward!

infopub.sgx.com/FileOpen/Oxley2Q2015Resu...cement&FileID=334796

Does this company has a large discount to NAV like other property counters?

its outstanding no of shares is ~ 3 bil.

Hence, only $1.00 to be recognized. Then not to forget, need to include MOS (margin of safety). Applying 30% MOS, ~ 70 cents to be recognized going forward.

And not to forget, over how many years - if 3 years, then each year is about 23 cents only...

OSK-DMG, Sept 2014.

Value Seeker, you think investing in Oxley is 'betting on the CEO'? But the share price is currently at major discount to RNAV. It's value investing isnt it?