13-02-2024, 04:32 PM
Revenues were above $1B in FY2020 & FY2021. YTD FY2024, revenues were $0.16B. Oxley is self-liquidating.
To be fair, $1.4B debts are financing property development, investment property and hotel. Investment property plus hotel valued at about $1.2B and subsidiaries development properties at about $1.1B and a couple of hundred million dollar of DP under JV and associates. Oxley is not repaying the $1.4B debts with the known collection as of date of result release from alone.
Usually, each business will be responsible for their own debts unless unable to. And their hotel might be in this situation.
Anyway, to be fair, Oxley can always sell IP and hotel. And it looks like the end is near.
To be fair, $1.4B debts are financing property development, investment property and hotel. Investment property plus hotel valued at about $1.2B and subsidiaries development properties at about $1.1B and a couple of hundred million dollar of DP under JV and associates. Oxley is not repaying the $1.4B debts with the known collection as of date of result release from alone.
Usually, each business will be responsible for their own debts unless unable to. And their hotel might be in this situation.
Anyway, to be fair, Oxley can always sell IP and hotel. And it looks like the end is near.