Oxley Holdings.........the impending launch of its Ubi industrial site (comprising close to 1mn sq feet) is key to unlocking the hidden value.......BUT watch out for
Tuesday, 26 April, 2011 12:11 PM
Posted by Kevin Scully
I first wrote about Oxley Holding some months ago (see my earlier Blog) wherein I highlighted that using a discounted cashflow of its projects in hand - my fair value would be about S$0.51. Key to this valuation was the ability of the company to launch projects it had purchased at the prices it indicated to me. There were three large parts to the S$0.51 target - first was the launch of its 14 small residential sites of which more than half have been launched and which have achieved good take-up rates, second was the successful launch of its Ubi Industrial Project (about 1 mn sq feet) and ......
