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MCAU Speymill Mac.

0.8225
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Speymill Mac. LSE:MCAU London Ordinary Share IM00B1GJR404 ORD USD0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.8225 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.8225 USD

Speymill Mac. (MCAU) Latest News

Real-Time news about Speymill Mac. (London Stock Exchange): 0 recent articles

Speymill Mac. (MCAU) Discussions and Chat

Speymill Mac. Forums and Chat

Date Time Title Posts
11/9/201210:25Speymill's Residential property fund in Macau10
11/9/201210:25Speymill Macau Properties : casino-driven boom61
11/9/201210:24Speymill Macau Property Company plc26
22/12/200601:10Speymill Macau Propeties-

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Speymill Mac. (MCAU) Most Recent Trades

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Speymill Mac. (MCAU) Top Chat Posts

Top Posts
Posted at 01/3/2012 10:33 by zangdook
I was hoping for nearer 90c, but by getting out now I only lose a couple of cents a share, and it's not worth holding on - there was no clarity about when the tender offer would be, and I have other uses for the cash.

Also I don't like the tone of the RNS - 'as you appreciate, we have lots of expenses...' and I think there's a question of trust when everyone's voted to wind the company up and they turn around like that. What have they been doing all this time since they got the cash? Negotiating with the big shareholders about how to keep their jobs? I don't like it.
Posted at 01/2/2012 19:39 by badtime
chunky trades at full price
Posted at 30/1/2012 14:30 by zangdook
should be some news soon

The remainder of the purchase price, being HK$1,008,000,000 (one billion and eight million Hong Kong Dollars) shall be paid at the closing for the sale of the Property which is to take place no later than 17:00 Hong Kong time on 31 January 2012.

That's 9am tomorrow GMT
Posted at 01/12/2011 16:52 by badtime
bulky trades jus gone thru at close to price..wonder who sold them
Posted at 23/6/2009 09:43 by energyi
RELATED
(1)
== == ==
Fulton Mak, writing in today's SCMP:
"I'm surprised to learn that it quit the deal without securing a new buyer and was returning the property to the developers," said Gregory Ku Ka-ho, the managing director at Jones Lang LaSalle (Macau)

Many buyers had shown interest in the project and were willing to take it over at HK$3,800 to HK$4,000 per square foot, Mr. Ku said. Owners needed to spend about HK$700 to HK$800 psf to furnish the units, as they would be bare upon delivery, he added.

Units at One Central Residences, launched for sale in the second half of 2006, fetched more than hk$8,000 psf when the market peaked in 2007. But selling prices have dropped to between hk$4,800 and hk$5,000 psf in the secondary market.

(2)
== == ==
THE SALES EFFORT - described here, failed

Thursday, October 16, 2008
Iceland firms put properties on sale
Country's economic collapse prompts bid to divest holdings in Hong Kong and Macau.

Icelandic companies are offloading real estate in Hong Kong and Macau following the collapse of their country's financial system, raising fears other cash-strapped foreign investors are preparing to exit the local property market.

Iceland is among the countries worst hit by the credit crunch, with its financial system in virtual meltdown. Its banks have shortfalls or losses of about £37 billion (HK$504.23 billion), equivalent to £115,000 for each of its 320,000 citizens.

The small island nation's largest insurer, Sjova-Almennar Tryggingar, is selling its residential block at One Central Residence in Macau, while in Hong Kong, Iceland-based investment bank Askar Capital is putting it jointly owned luxury homes in Chung Hom Kok on the market.

"As the country is in big trouble, it is sensible that private institutions will try to repatriate funds back home," said a source familiar with the Macau deal.

Sjova-Almennar Tryggingar bought the Macau property, which is still being built in November 2006 at HK$782.74 million, or HK$4,410 per square foot, from a joint venture between Hong Kong Land Holdings and Shun Tak Holdings.

The insurance company has paid 30 percent of the purchase price and is required to pay the balance when the property is ready to be handed over next year.

/more:
Posted at 25/3/2009 08:31 by energyi
[quote name='DrBubb' post='51219' date='Aug 1 2008, 09:30 PM']Major Shareholders Pre-buyback % (Spring 2008?)
Invesco Asset Mgt........ 28.80
QVT Financial.............. 10.90
Insight Investment Mgt.. 9.29
ABN Amro Bank NV....... 8.80
Bank Sarasin Et Cie...... 5.70
Fortis Investment Mgt... 5.38
Hichens Harrison & Co.. 5.00
New Star Asset Mgt....... 3.71 :: increased, see below
Griffin Capital Mgt......... 3.30[/quote]
New Star Asset Mgt - 6 March
Number of voting rights..... : 7,728,438
Percentage of voting rights : 6.62%
[url="http://www.speymillmacau.com/news-item?item=96078418432432"]

Balance sheet============ 31 Dec 2008 : 31 Dec 2007
Net assets (US$'000)....................... 127,448 : 183,593
Net assets per share (US$)................... 1.09 : 1.41
Headline* net assets (US$'000)........ 133,899 : 189,212
Headline* net assets per share (US$).... 1.15 : 1.46
Total assets (US$'000).................... 328,498 : 209,049
Property assets (US$'000)............... 288,455 : 114,584
Therefore. the debt is..................... 201,050 : 025,456 / (tot.assts - headline net assets)

As of June 2008 the population in Macau stood at 551,900, as stated by the Macau Statistics and Census Service. It has projected that the population will grow by an average of 4.1% per year between 2006 to 2031, by which time it expects that the city will have 829,300 residents. According to the South China Morning Post, Macau is the most densely populated place in the world with a population density of 18,900 per sq km of land. Hong Kong was ranked in 3rd place with a population density of 6,736 per sq km of land. In a bid to ease its land shortage, Macau is seeking central government approval to reclaim five areas from the sea and add 5 sq km to its current land area of 29.2 sq km.

Gaming
Gaming revenue continues to be the key economic driver in the region and the Gaming, Inspection and Coordination Bureau reported gross gambling revenues of US$13.7 billion for 2008, up 31% on the previous year. Actual gaming revenue generated was 9 times more than the Government initially expected according to government officials and Macau remains the world's largest gambling destination in terms of revenue. According to the Lusa news agency, Macau gaming revenue was MOP$7.9 billion in February 2009, 15.5% lower than during February 2008. But this result is still 13% higher than the average monthly gaming revenue for 2007.

Adding to the gaming capacity Melco Crown Entertainment Limited's integrated entertainment resort, 'The City of Dreams', is set to open later this year opposite The Venetian on the Cotai Strip. It will provide almost 420,000 sq ft of gaming space, 550 gaming tables and 1,500 slot machines, a 2,000 seat theatre, over 2,200 hotel rooms and finally 175,000 sq ft of retail space.

Visitor statistics
According to the Statistics and Census Service ('DSEC'), there were 30 million tourist arrivals to Macau during 2008, an increase of 11% on the previous year, with the majority (approximately 58%) coming from the Chinese mainland. Whilst visitor numbers for 2009 are expected to slow, tourist spending is expected to remain fairly stable.

In June 2008 China imposed visa restrictions on mainland Chinese visitors to Macau with the aim of targeting the capital outflow to the only gaming city in China and to stabilise growth in order to allow infrastructure and regulations to catch up with the booming economy. Recent reports have suggested that the authorities in Hong Kong, Macau and Guangdong have agreed, in principle, to ease visa restrictions by extending the one-year multiple visit visas held by Shenzhen residents to all of Guangdong. The proposals are still to be ratified by the Beijing government.
. . .
Summary




The impact of the deterioration in primary capital markets caused by the global debt crisis will continue to impact upon the Macau economy and make 2009 a challenging year for the region. However, government-led initiatives (both local and national), such as the Chinese economic stimulus package for the region, public infrastructure projects and property purchase incentives, should help bolster the economy and provide support to property values. The region's economy is still underpinned by compelling demographic and economic factors that will provide a solid platform for future growth when market sentiment improves.

The Company will monitor investment opportunities and seek to exploit market dislocations, whilst actively managing a diversified portfolio and ensuring a comfortable level of liquidity


/more:
Posted at 14/12/2008 08:10 by zangdook
Why would a company listed on AIM price its shares in USD? I tried to buy some of this a few months back and got a funny tone of voice from my broker. Apparently the problem was the currency of the listing. Of course I'm glad now, though it might have stopped me buying something worse...but one day I might want to buy in. I certainly liked the look of it from the research I did before I failed to buy any.
Posted at 03/8/2008 17:17 by energyi
Companies with Macau Business Exposure
Bank of China Macau Reduces HK$ and MOP Best Lending Rate - A
news report recently released stated that Bank of China Macau Branch
reduces its MOP best lending rate by 50 basis points to 5.25% p.a. with effect
from 25 March 2008.
Consultations on Public Transportation Continue - The Government is
planning to create bus lanes in Macau's busiest streets and some other
specific areas during peak hours to ease traffic jams. Currently, the small nineseat
buses have been criticized for not going to Taipa.
Company News Macau Business Update Continued...
Scandal Puts Brake on Macau Development - The government
approval process for property development had been protracted by at
least 6-12 months in the wake of the corruption scandal brought on by
former secretary for transport and public works AO Man-long. Several big
property developers have faced approval delays for Macau projects but
Speymill Macau is believed to be the 1st firm to walk away from a major
investment due to the scandal issue. Speymill had pulled out from Bel-
Lago project due to the protracted process of applying for and receiving
certain building permits from the Government, according to the recent
news reported by South China Morning Post.
MCAU Headline NAV US$1.46 per share -
• Net asset value growth of 28.7% on net placing proceeds and NAV of
US$1.46 per share (excluding deferred tax and performance fee
accrual)
• Successful investment into US$197 m of gross asset value
• Growth in underlying property values of more than 35% since launch
• Sale of the Company's purchase rights in the Lot U development and a
resulting gross return of 125% on invested capital is expected
• Termination of Bel-Lago (C9) forward funding arrangement due to
delays in the planning process and a subsequent failure on the part of
the developer to meet contractual deadlines
Company Ticker Price as at
31/3/08
% Change
since
17/11/06
Market Cap
($million)
Speymill Macau Property
Co PLC
(1)
MCAU.LN US$1.15 15% US$149.50
Macau Property
Opportunities Fund Ltd
MPO:LN £1.04 4% £108.68
Wynn Resorts Ltd WYNN US US$100.64 7% US$11,294.73
Las Vegas Sands Corp LVS US US$73.64 -19% US$26,168.19
Melco PBL Entertainment
(Macau) Ltd.
(2)
MPEL US US$11.38 -40% US$5,009.26
Polytec Asset Holding Ltd 0208 HK HK$1.89 -25% HK$8,389.65
Shun Tak Holding Ltd 0242 HK HK$10.30 -14% HK$23,978.50
Esun Holdings Ltd 0571 HK HK$2.51 -71% HK$2,076.16
Galaxy Entertainment
Group Ltd 0027 HK HK$5.77 -31% HK$22,708.64

/see:
Posted at 28/7/2008 15:53 by energyi
11 June 2008

High-end US$132 million Residential Investment

Speymill Macau Property Company plc (AIM: MCAU), the Macau focused property investment company listed on AIM, is pleased to announce that, on 10 June 2008, it entered into a forward funding arrangement with Companhia de Construcao e Investimento Ho Chun Kei, Limitada, a local Macau developer ("Ho Chun" or the "Developer") to finance the development of a high-end residential building in the inner harbour area on the southwest of Macau Peninsula.

At completion of the development, the Company has committed to purchase 259 residential units, ranging in size from approximately 870 square feet gross floor area for 2-bedroom units to approximately 1,300 square feet gross floor area for 3-bedroom units. The development will consist of 4 towers and aim to be a landmark residential development with a clubhouse and car park. The residential units will offer excellent views over to Zhuhai as well as landmark views over Penha Hill and Central Macau Peninsula. It is currently envisaged that the units will be sold prior to completion and handover in 2010.

The total consideration is HK$1,028,036,000 (US$132 million), of which 30% is to be settled immediately, with the remainder becoming payable upon completion. The Developer has achieved all relevant government approvals, planning and building permits as well as licenses for the development. The development is currently undergoing the formal process of achieving government gazetting for its revised land conditions and this process is expected to be completed within the next 12 months. The location of the development should benefit from the opening of Ponte 16, increased accessibility through the development of the light transit railway and the continued regeneration of the
inner harbour area.

Ho Chun started developing Macau real estate in the late 1970s and is currently
principally engaged in real estate development, property management, infrastructure construction and project management. It is one of Macau's prominent
developers and has developed and constructed
more than 100 buildings in Macau.

Commenting on the investment, Peter Churchouse, a director of the Company, said, "This acquisition offers a great opportunity to invest
in the emerging inner harbor area of Macau with its close proximity to the historic parts of Macau Peninsula, the central business and gaming districts. We believe that the smaller size of the units should be attractive for local residents as well as international buyers. We remain confident in the demand for modern housing units in a supply-constrained economy that is growing its labour force very rapidly.
Further I would like to take the opportunity to thank our investors for their continued support of the Company and its strategy."

/see:
Posted at 11/2/2008 06:53 by energyi
(Interesting posting on the GEI thread):

MCAU.L fund has dropped out of buying stake in Bel Lago project due to delays in getting approval. There is a probable consequence of corruption scandal in Macau and locals/activists again hi-rises. Supply is large, but seems to have been delayed due to this.
Meantime, MCAU also sold out of one project at 30+% gain after just over 1 year, while Taubman (big US retail fund) has bought a big stake in a project on Cotai strip.

/see:

= =

Have people in the UK lost interest in this company?
They seem to be doing rather well
Speymill Mac. share price data is direct from the London Stock Exchange

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