MacGyver wrote: This is an undervalued property company. The immature Singapore investors and analysts do not understand that a still RNAV is useless. Only when the RNAV continues to generate profitability, will it have a value.
I propose Mr Ching to delist this Company and relist in Hong Kong.
U sound so sure. Then I ask you what you value Oxley at.
Earnings is important but don't forget it has high leverage that needs to be moderated.
Things are going nicely for Mr GungHo aka Ching, the Chairman. He looks like a very robust, positive and confident character. He can even go gungho in ang mo countries (UK and Ireland). This year will be great, and the stock is still dirt cheap @ 46 cents.
Oxley is going to where no Singapore developers have gone: CYPRUS.
The Board of Directors of Oxley Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that the Company has, through its wholly-owned subsidiary, Oxley International Holdings Pte. Ltd., incorporated a new subsidiary in Singapore, namely, Oxley Cyprus Pte. Ltd. (“Oxley Cyprus”), with an initial issued and paid-up share capital of S$1. The Company’s incorporation of Oxley Cyprus is in line with the Group’s expansion plans.
In 2014, Terence Wong said he bought. Turns out he was too early and the price has gone a bit lower. Was 58.5 cents, now 48 cents. Good timing now to buy?
Terence Wong: I am buying OXLEY @ 49% discount to RNAV
NextInsight
a hub for serious investors
