Buybacks and buys by Chairman in Oxley Holdings (5UX-OHL.SP), trades account for 17% of volume
There were buybacks and purchases by Chairman & CEO Ching Chiat Kwong in real estate developer Oxley Holdings Limited (5UX-OHL.SP) [MKT CAP 1.3B] with a combined 3.4 million shares purchased from September 9 to October 4 at an average of $0.42 each. The trades accounted for 17% of the stock's trading volume. The Company bought back 2.66 million shares from September 9 to October 4 at an average of $0.417 each. The Group bought shares on 14 out of the 17 trading days during that period. The Company last bought 250,000 shares from October 3 to 4 at $0.43 each [3MTH +3%(83%)/6MTH -4%(10%) 12 FILINGS-FEB 2016]. Aside from the repurchases since September, the Group acquired 1.15 million shares from August 29 to 30 at an average of $0.407 each. Prior to the repurchases since August, the Company acquired 989,000 shares from June 24 to 28 at an average of $0.41 each and 17.75 million shares from February 19 to April 12 at an average of $0.42 each. The repurchases since February are the Company's first buybacks since listing in October 2010. Chairman Ching Chiat Kwong, on the other hand, picked up where he left off in June with 745,000 shares purchased from September 27 to 30 at an average of $0.428 each [AI SCORE 4.0]. The trades increased his direct holdings to 1.251 billion shares or 42.78% of the issued capital. He also has deemed interest of 8.000 million shares or 0.27%. The purchases were made on the back of the 11% rebound in share price since August from $0.385. He previously acquired 59,000 shares on June 24 at an average of $0.425 each. Prior to his purchases this year, the Chairman acquired 12.8 million shares from January 2013 to August 2015 at $0.24 to $0.52 each or an average of $0.374 each. Oxley Holdings announced on August 28 a 49% gain in 4Q profit to $88.438 million for the 3 months to 30 June 2016. Earnings for the Full Year rose by 123% to $295.395 million. The counter was trading at $0.435 on October 6 (Asia Insider News Oct 5, 2016).
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