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Is Oxley a good buy at current price? Post Reply Rate topic
mikewb21 Senior	18-Aug-2019 09:02        mikewb21 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha, dont know how to attached my screenshot, very un-user friendly. Attached the URL: https://www.ura.gov.sg/realEstateIIWeb/price/search.action You go click these properties, will show how many units sold and unsold to date
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mikewb21 Senior	18-Aug-2019 08:58        mikewb21 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Goldfinger      ( Date: 18-Aug-2019 08:47) Posted: Thanks - do you have the accumulated percentage sold for RR, Affinity, Kent and Mayfairs? Can PM me if preferred, tks. mikewb21      ( Date: 18-Aug-2019 08:43) Posted: Ox Sales for July 2019 Affinity - 21 1953 - 2 Kent Ridge - 19 Riverfront - 43 Mayfair gardens - 7 Mayfair Modern - 12 The Addition - 2 Total: 106 units sold in July
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mikewb21 Senior	18-Aug-2019 08:50        mikewb21 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry folks, forgot to change the month, updated liao. Data is from URA market data. They published every 15th of the month to reflect the previous month sale. Very useful index. Think for 2019, Oxley will sell approx. 1000-1200 units for their singapore residential properties. Quite credible, they should be among the top 5 singapore property developer for 2019, in terms of sale of singapore residential properties. Cheers :)
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Goldfinger Supreme	18-Aug-2019 08:47        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks - do you have the accumulated percentage sold for RR, Affinity, Kent and Mayfairs? Can PM me if preferred, tks. mikewb21      ( Date: 18-Aug-2019 08:43) Posted: Ox Sales for July 2019 Affinity - 21 1953 - 2 Kent Ridge - 19 Riverfront - 43 Mayfair gardens - 7 Mayfair Modern - 12 The Addition - 2 Total: 106 units sold in July mikewb21      ( Date: 15-Jul-2019 14:12) Posted: Ox Sales for June 2019 Affinity - 18 1953 - 1 Kent Ridge - 11 Riverfront - 30 Mayfair gardens - 2 Mayfair Modern - 3 The Addition - 0 Total: 65 units sold in June
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mikewb21 Senior	18-Aug-2019 08:43        mikewb21 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ox Sales for July 2019 Affinity - 21 1953 - 2 Kent Ridge - 19 Riverfront - 43 Mayfair gardens - 7 Mayfair Modern - 12 The Addition - 2 Total: 106 units sold in July mikewb21      ( Date: 15-Jul-2019 14:12) Posted: Ox Sales for June 2019 Affinity - 18 1953 - 1 Kent Ridge - 11 Riverfront - 30 Mayfair gardens - 2 Mayfair Modern - 3 The Addition - 0 Total: 65 units sold in June
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Goldfinger Supreme	17-Aug-2019 18:17        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do you mean July 2019? You updated earlier for June 2019. mikewb21      ( Date: 17-Aug-2019 16:09) Posted: Ox Sales for June 2019 Affinity - 21 1953 - 2 Kent Ridge - 19 Riverfront - 43 Mayfair gardens - 7 Mayfair Modern - 12 The Addition - 2 Total: 106 units sold in June
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Goldfinger Supreme	17-Aug-2019 18:00        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where do you get this data from? Very good data. mikewb21      ( Date: 17-Aug-2019 16:09) Posted: Ox Sales for June 2019 Affinity - 21 1953 - 2 Kent Ridge - 19 Riverfront - 43 Mayfair gardens - 7 Mayfair Modern - 12 The Addition - 2 Total: 106 units sold in June
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mikewb21 Senior	17-Aug-2019 16:09        mikewb21 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ox Sales for June 2019 Affinity - 21 1953 - 2 Kent Ridge - 19 Riverfront - 43 Mayfair gardens - 7 Mayfair Modern - 12 The Addition - 2 Total: 106 units sold in June
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peppergal_87 Member	06-Aug-2019 16:37        peppergal_87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Probably 13 Aug. Hopefully it is a dream, not a nightmare  Stocky901      ( Date: 06-Aug-2019 15:45) Posted: When is the result release? runaway      ( Date: 06-Aug-2019 15:40) Posted: It is a dream given the high volume of unsold units and upcoming new projects. For now, there are liabilities.
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Stocky901 Supreme	06-Aug-2019 15:45        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When is the result release? runaway      ( Date: 06-Aug-2019 15:40) Posted: It is a dream given the high volume of unsold units and upcoming new projects. For now, there are liabilities.
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runaway Senior	06-Aug-2019 15:40        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is a dream given the high volume of unsold units and upcoming new projects. For now, there are liabilities.
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peppergal_87 Member	06-Aug-2019 11:46        peppergal_87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are right, whether diamond or stone, it depends on the polisher.  But Oxley' s unsold units (and GDV) is at lower costs compared to many other developers.... runaway      ( Date: 06-Aug-2019 06:57) Posted: You are seeing diamond in stone. Unsold units and GDV are not realized value. I see them as liabilities until sold and developed.
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runaway Senior	06-Aug-2019 06:57        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are seeing diamond in stone. Unsold units and GDV are not realized value. I see them as liabilities until sold and developed.
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peppergal_87 Member	06-Aug-2019 00:09        peppergal_87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	From their corporate presentation slides, Oxley has $2.5 billion of Singapore projects and $4.5 billion of overseas projects to be launched  over next 2 to 3 years. And a further $16.5 billion of GDV remaining and a strong track record of executing projects and debt management, next 2 years will be more than " interesting" .  raptor87      ( Date: 04-Aug-2019 20:00) Posted: When the cash starts flowing in and adds to NAV/book value, the stock has to re-rate or else it trades at deep discount It can' t be trading at 50% NAV unless assets or industry is distressed like O& G sector. Overseas properties only book earnings/cash flow accrus when it is completed whereas in  Singapore with progess payments ~40% of cash/earnings come in once TOP. Next 2 years will be interesting for this stock.  There is incentive for Oxley to declare dividends once cash comes in and they redeem/refinance their debt - the CEO and co-CEO collectively own ~70% of the issued shares outstanding. It will be a big payday for them. They did so in 2014 as well when a wave of their developments were completed.    Qanghoo      ( Date: 31-Jul-2019 13:52) Posted: I for one have always thought ox is special.  Anyway, so many other apparently good stocks are also struggling.  It' s the mkt, or lack of interest in the equity mkt here, which is part n parcel of a famously known global financial centre, that is the real issue.
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runaway Senior	05-Aug-2019 08:11        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nothing is forever or certain la. But when a plane is overloaded with baggage (uncompleted and unsold projects), it can never lift off. This is the case with the company. Incidentally, Ox dollar is also down against S$.
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raptor87 Member	04-Aug-2019 21:39        raptor87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Are you saying that it will stay forever this way? Suspect need a set of very good results to push valuations higher.  Goldfinger      ( Date: 04-Aug-2019 20:22) Posted: Uh..  Stocks like Tuan Sing with even more blue chip office and hotel and commercial assets trade at like 40 per cent of NAV (and even more extreme for RNAV), and still languish at low prices. Oxley is no different.  ​ We have a lousy SGX market and the most distressed valuations.  Fact of life. raptor87      ( Date: 04-Aug-2019 20:00) Posted: When the cash starts flowing in and adds to NAV/book value, the stock has to re-rate or else it trades at deep discount It can' t be trading at 50% NAV unless assets or industry is distressed like O& G sector. Overseas properties only book earnings/cash flow accrus when it is completed whereas in  Singapore with progess payments ~40% of cash/earnings come in once TOP. Next 2 years will be interesting for this stock.  There is incentive for Oxley to declare dividends once cash comes in and they redeem/refinance their debt - the CEO and co-CEO collectively own ~70% of the issued shares outstanding. It will be a big payday for them. They did so in 2014 as well when a wave of their developments were completed.
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raptor87 Member	04-Aug-2019 20:45        raptor87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not very familiar with the counter - but its headline results were posting -ve YoY net profit and market cap < $500m. Perhaps why the deep discount.   Goldfinger      ( Date: 04-Aug-2019 20:22) Posted: Uh..  Stocks like Tuan Sing with even more blue chip office and hotel and commercial assets trade at like 40 per cent of NAV (and even more extreme for RNAV), and still languish at low prices. Oxley is no different.  ​ We have a lousy SGX market and the most distressed valuations.  Fact of life. raptor87      ( Date: 04-Aug-2019 20:00) Posted: When the cash starts flowing in and adds to NAV/book value, the stock has to re-rate or else it trades at deep discount It can' t be trading at 50% NAV unless assets or industry is distressed like O& G sector. Overseas properties only book earnings/cash flow accrus when it is completed whereas in  Singapore with progess payments ~40% of cash/earnings come in once TOP. Next 2 years will be interesting for this stock.  There is incentive for Oxley to declare dividends once cash comes in and they redeem/refinance their debt - the CEO and co-CEO collectively own ~70% of the issued shares outstanding. It will be a big payday for them. They did so in 2014 as well when a wave of their developments were completed.
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Goldfinger Supreme	04-Aug-2019 20:22        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Uh..  Stocks like Tuan Sing with even more blue chip office and hotel and commercial assets trade at like 40 per cent of NAV (and even more extreme for RNAV), and still languish at low prices. Oxley is no different.  ​ We have a lousy SGX market and the most distressed valuations.  Fact of life. raptor87      ( Date: 04-Aug-2019 20:00) Posted: When the cash starts flowing in and adds to NAV/book value, the stock has to re-rate or else it trades at deep discount It can' t be trading at 50% NAV unless assets or industry is distressed like O& G sector. Overseas properties only book earnings/cash flow accrus when it is completed whereas in  Singapore with progess payments ~40% of cash/earnings come in once TOP. Next 2 years will be interesting for this stock.  There is incentive for Oxley to declare dividends once cash comes in and they redeem/refinance their debt - the CEO and co-CEO collectively own ~70% of the issued shares outstanding. It will be a big payday for them. They did so in 2014 as well when a wave of their developments were completed.    Qanghoo      ( Date: 31-Jul-2019 13:52) Posted: I for one have always thought ox is special.  Anyway, so many other apparently good stocks are also struggling.  It' s the mkt, or lack of interest in the equity mkt here, which is part n parcel of a famously known global financial centre, that is the real issue.
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raptor87 Member	04-Aug-2019 20:01        raptor87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sales of their SG properties seem to be going okay.
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raptor87 Member	04-Aug-2019 20:00        raptor87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When the cash starts flowing in and adds to NAV/book value, the stock has to re-rate or else it trades at deep discount It can' t be trading at 50% NAV unless assets or industry is distressed like O& G sector. Overseas properties only book earnings/cash flow accrus when it is completed whereas in  Singapore with progess payments ~40% of cash/earnings come in once TOP. Next 2 years will be interesting for this stock.  There is incentive for Oxley to declare dividends once cash comes in and they redeem/refinance their debt - the CEO and co-CEO collectively own ~70% of the issued shares outstanding. It will be a big payday for them. They did so in 2014 as well when a wave of their developments were completed.    Qanghoo      ( Date: 31-Jul-2019 13:52) Posted: I for one have always thought ox is special.  Anyway, so many other apparently good stocks are also struggling.  It' s the mkt, or lack of interest in the equity mkt here, which is part n parcel of a famously known global financial centre, that is the real issue.  peppergal_87      ( Date: 31-Jul-2019 13:44) Posted: Struggling hard to understand why analysts and investors are worried about Oxley and hence weak price. Debt repayment plans are very defined and with interest rate projected to drop, they should be in good position. 2019 repayment is on track and Singapore projects are mostly selling well and they bought cheap.  https://links.sgx.com/FileOpen/Oxley%20May%202019.ashx?App=Announcement& FileID=559233
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