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Is Oxley a good buy at current price? Post Reply Rate topic
ETLee8 Master	28-Sep-2021 08:09        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://research.uobkayhian.com/content_download.jsp?id=64504& h=5d6d1c0e9be7aeea751074bc7b4cfbfa Oxley has the highest potential upside at 33%, beating heavyweights like CDL, Ho Bee, Wing Tai,.. ETLee8      ( Date: 27-Sep-2021 22:09) Posted: Potential 33% upside according to UOb Kay Hian TP of 28 cts. Plenty of meat !!!!!!!, timing important, it will come very very soon. There are many developers (Ah Beng, Ah seng, CDL, Wing Tai, ..etc) doing very badly, Oxley is one of the few doing extremely well this year. RichardTeo      ( Date: 24-Sep-2021 14:11) Posted: --- Post Removed by User ---
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ETLee8 Master	27-Sep-2021 22:09        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Potential 33% upside according to UOb Kay Hian TP of 28 cts. Plenty of meat !!!!!!!, timing important, it will come very very soon. There are many developers (Ah Beng, Ah seng, CDL, Wing Tai, ..etc) doing very badly, Oxley is one of the few doing extremely well this year. RichardTeo      ( Date: 24-Sep-2021 14:11) Posted: --- Post Removed by User ---
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Stocky901 Supreme	27-Sep-2021 12:11        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nowadays still got people believe in analysts. 🤐 🤐 🤐
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ETLee8 Master	27-Sep-2021 11:42        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	UOB Kay Hian TP for Oxley .. 28 cts. almost 25% to up.  Potential very good returns.   ETLee8      ( Date: 24-Sep-2021 16:10) Posted: Bro, Agree and disagree. HK Land is good, gives good dividend annually.  However, not sure its impact from Evergrande.    Oxley guranteed next 6 months results is good.  Anyway I viewed one of their condo units, looks classy and very good finishing. RichardTeo      ( Date: 24-Sep-2021 14:11) Posted: --- Post Removed by User ---
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ETLee8 Master	24-Sep-2021 16:10        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, Agree and disagree. HK Land is good, gives good dividend annually.  However, not sure its impact from Evergrande.    Oxley guranteed next 6 months results is good.  Anyway I viewed one of their condo units, looks classy and very good finishing. RichardTeo      ( Date: 24-Sep-2021 14:11) Posted: --- Post Removed by User ---
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ETLee8 Master	24-Sep-2021 13:56        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, these have no impact financially as the cost has already been catered under other receivables.  If Oxley won the cases, it would be positively financially.  Anyway, all are minor cases that could happened to any other developers except some chose to setlle them privately. https://links.sgx.com/FileOpen/Clarification.ashx?App=Announcement& FileID=640056 ETLee8      ( Date: 24-Sep-2021 13:23) Posted: Can u list the legal issues ?,  it depends, sometimes it is good, it shows you dare to defend rather than just give away money.  Of course some may be outright no good. alsim55      ( Date: 24-Sep-2021 12:56) Posted: i like that you' re very optimistic. but until oxley resolves all its legal tussles, i think analysts will be a bit wary to upgrade. reason being so many lawsuits, banks also dont like it, esp when the developer is the defendant (instead of plaintiff). banks take negative view on this. regardless ... hope mr ching can put aside all the squabbles and focus on making everyone
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ETLee8 Master	24-Sep-2021 13:23        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can u list the legal issues ?,  it depends, sometimes it is good, it shows you dare to defend rather than just give away money.  Of course some may be outright no good. alsim55      ( Date: 24-Sep-2021 12:56) Posted: i like that you' re very optimistic. but until oxley resolves all its legal tussles, i think analysts will be a bit wary to upgrade. reason being so many lawsuits, banks also dont like it, esp when the developer is the defendant (instead of plaintiff). banks take negative view on this. regardless ... hope mr ching can put aside all the squabbles and focus on making everyone $ ETLee8      ( Date: 24-Sep-2021 10:08) Posted: Why I used CDL as a comparison is very clear.  Oxley has clocked more revenue and sales in FY2021 than CDL, a big conglomerate is a great achievement.  It certainly calls for an upgrade
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alsim55 Member	24-Sep-2021 12:56        alsim55 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i like that you' re very optimistic. but until oxley resolves all its legal tussles, i think analysts will be a bit wary to upgrade. reason being so many lawsuits, banks also dont like it, esp when the developer is the defendant (instead of plaintiff). banks take negative view on this. regardless ... hope mr ching can put aside all the squabbles and focus on making everyone $ ETLee8      ( Date: 24-Sep-2021 10:08) Posted: Why I used CDL as a comparison is very clear.  Oxley has clocked more revenue and sales in FY2021 than CDL, a big conglomerate is a great achievement.  It certainly calls for an upgrade. ETLee8      ( Date: 24-Sep-2021 08:30) Posted: Bro Teo, all property developers have Net Bank Borrowing, this is very normal. Oxley $2.5B is small as compared with CDL $9.0B CDL : Gross borrowings 11,781,878 11,825,845 Less: cash and cash equivalents as shown in the statement of financial position (2,651,396) (3,126,529) Less: restricted deposits included in other non-current assets (104,122) (110,620) Less: cash and cash equivalents classified under assets held for sale 17 (16,752) &ndash Net borrowings 9,009,608 8,588,69
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ETLee8 Master	24-Sep-2021 10:08        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why I used CDL as a comparison is very clear.  Oxley has clocked more revenue and sales in FY2021 than CDL, a big conglomerate is a great achievement.  It certainly calls for an upgrade. ETLee8      ( Date: 24-Sep-2021 08:30) Posted: Bro Teo, all property developers have Net Bank Borrowing, this is very normal. Oxley $2.5B is small as compared with CDL $9.0B CDL : Gross borrowings 11,781,878 11,825,845 Less: cash and cash equivalents as shown in the statement of financial position (2,651,396) (3,126,529) Less: restricted deposits included in other non-current assets (104,122) (110,620) Less: cash and cash equivalents classified under assets held for sale 17 (16,752) &ndash Net borrowings 9,009,608 8,588,696 RichardTeo      ( Date: 23-Sep-2021 16:09) Posted: --- Post Removed by User ---
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ETLee8 Master	24-Sep-2021 08:30        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro Teo, all property developers have Net Bank Borrowing, this is very normal. Oxley $2.5B is small as compared with CDL $9.0B CDL : Gross borrowings 11,781,878 11,825,845 Less: cash and cash equivalents as shown in the statement of financial position (2,651,396) (3,126,529) Less: restricted deposits included in other non-current assets (104,122) (110,620) Less: cash and cash equivalents classified under assets held for sale 17 (16,752) &ndash Net borrowings 9,009,608 8,588,696 RichardTeo      ( Date: 23-Sep-2021 16:09) Posted: --- Post Removed by User ---
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ETLee8 Master	23-Sep-2021 16:00        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The fact that the company is not pushig up its share price despite making money does not mean it is not doing well financially. To be able to get loan from banks means they hv confidence in you. My only concern is that it " throws away" money easily, more transparency is needed. ETLee8      ( Date: 23-Sep-2021 15:54) Posted: Bro, No way it is reaping good profits now, besides SG Banks are very prudent and strict. Its sales volumes even much better than CDL the so called darling of many. RichardTeo      ( Date: 23-Sep-2021 15:45) Posted: --- Post Removed by User ---
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ETLee8 Master	23-Sep-2021 15:54        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, No way it is reaping good profits now, besides SG Banks are very prudent and strict. Its sales volumes even much better than CDL the so called darling of many. RichardTeo      ( Date: 23-Sep-2021 15:45) Posted: --- Post Removed by User ---
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ETLee8 Master	22-Sep-2021 15:56        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	At this price, this is cheap sale already.  Accumulate some should reap good returns becuase its business for this year is very clear. ETLee8      ( Date: 22-Sep-2021 10:32) Posted: Let us down play where credit is due.  Profits of about $36million, assuming $10M deducted for taxation and transaction cost which is very high, the net profits is still a very substantial sum of about $25Million. Add that to the profits derived from the remaining $1.7B sales for this year plus the recurring profits of FY2020 sales when TOP, the profits for FY2022 sh be very good. Shares should break the high of FY2021 price of 27 cts easily. DYODD alsim55      ( Date: 22-Sep-2021 09:46) Posted: actually the way i read the phrasing (as we know ox is the highest leverage dev in SG) is that while there is no bank loan per se, highly likely its backed by some sort of credit facility ... so as usual while their announcement on the surface looks correct, there may be some technicalities they never write properly. probably drawdown the funds to purchase the property in cash (so if book value is $60m drawdown full cash since backed by asset guarantee). now sell abt $96m, so the " profit" is only $36m, but this doesnt disclose expenses incurred for holding land and like someone pointed out .. cap gains tax, property tax etc ...no nett figure... can only speculate as to why. just my $0.0
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ETLee8 Master	22-Sep-2021 10:32        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let us down play where credit is due.  Profits of about $36million, assuming $10M deducted for taxation and transaction cost which is very high, the net profits is still a very substantial sum of about $25Million. Add that to the profits derived from the remaining $1.7B sales for this year plus the recurring profits of FY2020 sales when TOP, the profits for FY2022 sh be very good. Shares should break the high of FY2021 price of 27 cts easily. DYODD alsim55      ( Date: 22-Sep-2021 09:46) Posted: actually the way i read the phrasing (as we know ox is the highest leverage dev in SG) is that while there is no bank loan per se, highly likely its backed by some sort of credit facility ... so as usual while their announcement on the surface looks correct, there may be some technicalities they never write properly. probably drawdown the funds to purchase the property in cash (so if book value is $60m drawdown full cash since backed by asset guarantee). now sell abt $96m, so the " profit" is only $36m, but this doesnt disclose expenses incurred for holding land and like someone pointed out .. cap gains tax, property tax etc ...no nett figure... can only speculate as to why. just my $0.02 superstartup      ( Date: 22-Sep-2021 08:05) Posted: This Ox. Did not indicate the nett proceeds. Surely can computate but don't want to show. Capital gain tax is high over at Australia. And it is the gain over Cost, not book value. . . So how much capital gain tax to pay?
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alsim55 Member	22-Sep-2021 09:46        alsim55 About Contact  Quote this Post!
x 0   x 0  Alert Admin	actually the way i read the phrasing (as we know ox is the highest leverage dev in SG) is that while there is no bank loan per se, highly likely its backed by some sort of credit facility ... so as usual while their announcement on the surface looks correct, there may be some technicalities they never write properly. probably drawdown the funds to purchase the property in cash (so if book value is $60m drawdown full cash since backed by asset guarantee). now sell abt $96m, so the " profit" is only $36m, but this doesnt disclose expenses incurred for holding land and like someone pointed out .. cap gains tax, property tax etc ...no nett figure... can only speculate as to why. just my $0.02 superstartup      ( Date: 22-Sep-2021 08:05) Posted: This Ox. Did not indicate the nett proceeds. Surely can computate but don't want to show. Capital gain tax is high over at Australia. And it is the gain over Cost, not book value. . . So how much capital gain tax to pay?
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SujantoHenry Member	22-Sep-2021 09:35        SujantoHenry About Contact  Quote this Post!
x 0   x 0  Alert Admin	Could it be suffering a loss against the book value? superstartup      ( Date: 22-Sep-2021 08:05) Posted: This Ox. Did not indicate the nett proceeds. Surely can computate but don't want to show. Capital gain tax is high over at Australia. And it is the gain over Cost, not book value. . . So how much capital gain tax to pay?
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superstartup Supreme	22-Sep-2021 08:05        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	This Ox. Did not indicate the nett proceeds. Surely can computate but don't want to show. Capital gain tax is high over at Australia. And it is the gain over Cost, not book value. . . So how much capital gain tax to pay?
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PhillipTan Supreme	22-Sep-2021 02:19        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Oxley divests Sydney property for $96.3 million Oxley Holdings announced on Sept 21 that it has divested the land parcels at 173-177 Walker Street, North Sydney, Australia. The group will be receiving gross proceeds of approximately $96.3 million, less payments for taxes and transaction costs.  The property had a book value of approximately $60 million as at June 30, 2020. As there is no outstanding bank loan secured by the asset, the entire amount of the net proceeds will contribute positively to the cashflow of the group. The sale is expected to have a material impact on the expected earnings per share of Oxley for financial year ending June 30, 2022.
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SujantoHenry Member	20-Sep-2021 14:14        SujantoHenry About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looking at the price dropping lower each day doesn' t seem normal especially, since none of the Directors are buying to support the price. ETLee8      ( Date: 20-Sep-2021 13:40) Posted: Waiting for Ching to buy back lor after all very small amount only. Haupapa      ( Date: 20-Sep-2021 13:14) Posted: its dropping :( what s happening
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ETLee8 Master	20-Sep-2021 13:40        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Waiting for Ching to buy back lor after all very small amount only. Haupapa      ( Date: 20-Sep-2021 13:14) Posted: its dropping :( what s happening
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