Isn't it risky for the chairman , Mr Ching, to accumulate so much of Oxley ? He is overly concentrated in his risk as far as personal money management is concerned. He is putting all or most of his eggs in 1 basket, the proverbial action that could led to all the eggs being cracked.
The business clarity is however there, because of the pre-sales and what hugely successful presales Oxley 's projects have been. The near-term results would indeed be very positive as the company books in the revenue and profit from the progress payments. At 39.5 cents stock price now, Mr Ching is supremely confident about his investment. Just hope it stays that way for him, and others who are drawn into the stock by his accumulation over the past 1 year.
"Put all your eggs in one basket, and watch that basket"! PGL
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[Reck 07-06-2012]:
Nothing to worry if you look deeper. This property developer has already fully sold many of its projects, and the cashflow to come will fully support the repayments to banks and the interest cost . Oxley can continue to bid for land parcels and borrow against its pre-sold projects. If I were the banker, I would be fine with it -- that's why I continue to happily lend out money to Oxley
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[yeh 04-04-2012]:
Oxley's gearing is going to go higher still with the latest property acquisition in Joo Chiat.
