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(01-07-2014, 10:36 AM)vbReader Wrote: Hi,
Am a regular reader of this forum for a long time and decided to sign up for an account, this is my first post. 
Was looking closely yesterday and judging by the quick sell down late yesterday for Oxley, there is a likelihood that there was shorting or maybe forced selling in margin account?
Just sharing my observation as it is a stock that I follow.
(Vested)
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The same case as Wee Hur.
Book NAV of Oxley was only 13.9 cents as of 31 March 2014. And it was trading in at 80 cents (highest point) and now dropping like a stone back to reality. Now it is trading at around 62 cents or 4.46 times its book NAV.
Has anyone computed the RNAV of Oxley? Is it close to 80 cents or much higher? Is market still trading way above RNAV ?
tks.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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what happened to Oxley? free fall?
anybody still vested.
so scary, drop from high 83 cent to current 0.535...
about 40% losses
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17-09-2014, 10:12 PM
(This post was last modified: 17-09-2014, 10:13 PM by Curiousparty.)
not surprising. Pls check out its book NAV and compare it with share price...
U may wish to also find out how much of its RNAV has been "locked in".
(17-09-2014, 02:16 PM)yeh Wrote: what happened to Oxley? free fall?
anybody still vested.
so scary, drop from high 83 cent to current 0.535...
about 40% losses
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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The share price will continue falling to a point where share price is roughly equal to "locked in RNAV"
"Locked in" - profits booked but yet to be reported as part of NAV.
(17-09-2014, 10:25 PM)morten Wrote: (17-09-2014, 10:12 PM)Curiousparty Wrote: not surprising. Pls check out its book NAV and compare it with share price...
U may wish to also find out how much of its RNAV has been "locked in".
(17-09-2014, 02:16 PM)yeh Wrote: what happened to Oxley? free fall?
anybody still vested.
so scary, drop from high 83 cent to current 0.535...
about 40% losses
U have the answer to your second point? Would appreciate your findings. Thanks.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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