This company is overstretched, taking too many projects in overseas where risks are much unpredictable and not easy to manage. One bad project may blow off shareholder fund substantially. Now properties are deemed overvalued in many countries .
i think oversea project is good? Somemore there are promoting their project in combodia( which i think good time to go in)
then malaysia penang( good location, still got potential) , london etc......
should be fine right?
also, based on his current value, and current share px and PE.
now i think the share price is almost fair value....
any drop is a good buy....( undervalue)
http://www.businesstimes.com.sg/premium/...t-20140922
PUBLISHED SEPTEMBER 22, 2014
Oxley unit signs deal on Myanmar project
BYCAI HAOXIANG
haoxiang@sph.com.sg @HaoxiangCaiBT
A SUBSIDIARY of property developer Oxley Holdings has signed an agreement on a Myanmar project. Oxley Myanmar will build a 20-storey commercial and residential development called Min Residence in Mayangon Township in northern Yangon.
The project will last around three years. It will be on a 3,185-acre (1,289- hectare) plot of land owned by U Yang Ho.
Oxley will pay for the construction cost of the project, to be determined after contracts are awarded to contractors and design consultants. It will clear the land, procure all construction works, appoint engineers, design, and advise on the marketing of the project.
It will split profits evenly with the land owner after deducting from sales proceeds a "land utilising cost" of US$58.9 million, and all construction costs and government taxes and fees, as well as other expenses.
When has oxley been cheap? Even at 58 cents today, it is still too expensive compared to many other local developers
Debt is high, but has drop so much since peak 83 to now 57 cent.
i think now it is almost good time to go in.
It is a company always has surprised me, both rise and fall...
(not vested)
Oxley’s 1Q earnings plunge 96% to $10.1 million
By PC Lee / TheEdge Markets.com | November 14, 2014 : 6:40 PM MYT
SINGAPORE (Nov 14): Developer Oxley Holdings ( Financial Dashboard) saw 1Q14 earnings fall 96% to $10.1 million, or 0.34 cents per share, from $250.8 million a year ago.
Profit before income tax came in at $25.6 million compared to $307.29 million a year dur to lower revenue and gross profit, as well as higher marketing and distribution costs and finance costs.
1Q15 revenue plunged 82% to $120.3 million from $685.9 million mainly driven by revenue recognition based on the percentage of completion method from progress made in the construction of 11 mixed-residential projects including RVPoint, Vibes@EastCoast, OxleyEdge, Suites@Braddell, ThePromenade@Pelikat, Vibes@UpperSerangoon, Presto@UpperSerangoon.
Oxley said the group remains cautiously optimistic on the business outlook for the next 12 months where factors that may significantly affect the group’s financial performance include the cumulative impact of the various cooling measures introduced by the Singapore government on the property market; the health of the Singapore economy and the recovery of the global economy, especially in China, Europe and the US.
Oxley ended today 1% at 52 cents.
http://www.theedgemarkets.com/sg/article...01-million
(22-09-2014, 05:55 PM)yeh Wrote: [ -> ]Debt is high, but has drop so much since peak 83 to now 57 cent.
i think now it is almost good time to go in.
From 57 cents now down to 40 cents
Why yesterday closing so strong - 46 cents?
i think if i am going to buy a corporate bond, i will first think will i buy it's share?
If i will then why i buy it's bond and not share?
There must be some good reasons, ya?
Anyone like to share?