Effective date of the Transfer is 21 February 2013. Trading of the Company’s shares on the Main Board of the SGX-ST will commence at 9.00 a.m. on 21February 2013. Oxley is up 0.5 c, now at 35 c. Whoopeee!
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[sana 21-01-2013]:
Oxley is doing nicely at 25 cents, unshaken by the Jan 11 govt measures. Like many forumers/investors, I believe the upgrade to mainboard will happen soon + be a catalyst for further stock price uptrend
Oxley is a very ambitious developer which has undertaken many a daring purchase of land. No surprise then that it is a S$1 billion company in a very short number of years since it entered the market.
The latest purchase is just as daring -- a leasehold estate
for a term of 103 years at 30 Stevens Road, Singapore whose vendor is Exklusiv Resorts Pte Ltd at a purchase price of S$318,000,000.
Oxley, one of my favourite holdings for more than a year, has performed very well this year. It had a SHARE SPLIT OF 18 FOR 10, and was upgraded to the Main Board.
In total, it has given me a return of roughly 125% over the last 12 months! Not counting the dividends.
The golden eggs are hatching! Oxley is recognising a lot more revenue from its pre-sold projects. Thus, a 105% rise in net profit of $31.2 million 9M13.
Is the stock price of 34 cents reflecting the results already?
Oxley will enjoy another record full year .... as the 9M13 earnings has already surpassed the $16.9 million recorded for the financial year ended 30 June 2012.
OXLEY Holdings' bond issue has been oversubscribed some 17 times by investors rushing to load up on the debt of the fast-growing property company with a huge order book backlog.
BT has learnt from arranger UOB bank that the $100-million launch received book order to the value of some $1.7 billion.
"We had to upsize the offer to $150 million to cater for the huge demand," said James Khoo, the bank's executive director for debt/capital markets.
The issue is part of a $300-million MTN programme the company announced on Tuesday.
Mr Khoo said that the yield for the four-year note was reduced to 5.1 per cent, from 5.25 per cent.
Though the issue has a four-year tenure, Oxley can buy back the bonds at the end of the third year.
Asked why the response was so strong, Mr Khoo cited the company's strong credit standing and the huge amount of liquidity in the market.
Indeed, Oxley has made a name for itself in the shoebox apartment category, and more recently ventured into industrial and commercial projects. Analysts estimate that with most of its projects almost sold out, the company could be sitting on an order book of almost $2 billion, with the funds expected to flow in through the next three to four years.
Oxley's managing director and co-founder Ching Chiat Kwong said he was elated and gratified by the response.
"It says a lot about the market's confidence in us, and for that I am grateful," he said.
Asked why he was tapping the market for debt now, he said he would use the funds for "opportunistic expansion".
