|Macau Property Opp. Fund
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Macau Property Share Discussion Threads
Showing 551 to 574 of 575 messages
|True @spooky, NAV has a habit of being a moveable feast. You'd fancy it being as likely to tick up as down tho, with recent performance and where it's come from.
But a lot priced in with a discount this large.|
|Go mpo! China fund inflows helping here|
|If you believe their valuations. I have a small long position.|
|What I like about MPO is, it goes up, but is still glaringly cheap :)|
|Hmm. Came good in the end. With two price monitorings...|
|Lazard trimming again?|
|Wynn's new mega-resort in Macau Cotai pulls in an astonishing $400m in just the last financial Quarter.
Wynn's existing city centre casino in downtown Macau slipped just 10% to $490m, less of a reduction than many may have expected given the new opening in Cotai.
All positive news that Macau as an economy and a visitor destination is on the up.
ALL IMO. DYOR.
|Nice NAV uplift.|
|Re today's RNS
Quarterly NET ASSET VALUE performance and recent history.
Look at the pattern.
Three cosecutive quarters of increases - albeit small increases - tell the story:-
The Quarterly NAV has been positive for three consecutive quarters now/nine months.
Also, coming off a low base, the velocity of increase in quarterly NAV from +0.3 to +1.3 is noteworthy.
This is very positive and supports the thesis that the Macau property market has not only bottomed but now turned and heading up.
The opening of the new Cotai mega-resorts are pulling in visitors again in increasing numbers and the 17/18 opening of the HK-Macau road bridge will further boost visitor numbers and Macau property values.
The gaping discount to NAV of MPO remains an as yet undiscovered honey-pot.
ALL IMO. DYOR.
|66 share UT to get that 142.5p close, but plenty more to come based on Macau/NAV/likelihood of eventual wind-up & capital return.|
|Strong recovery from the dip down to the end of the year I must say. Tax loss selling from a US holder?|
|Are they really sells coming through today? Quite a significant resistance level approaching...|
|Good luck; yes, not seen him return, seems he was active for a few weeks over Xmas only. The good RNS either cleared him out or made him change his mind!|
|Indeed, but has been grinding up, so I've got some here now... Been waiting and watching for a drop, but the seller seems to have gone?|
|Hoped for a bit of follow-through this morning/press, but pretty dead. Never mind, marathon not a sprint.|
|Nice rise. NAV should be +240p given sterling performance, more if the properties have increased in value.|
|I suspect in 2018 MPO will offer an exit at no more than a 10% discount to net assets.Probably be creating a new fund
Anyway I am prepared to wait for another couple of years given the discount|
|I've let go the ones from post no.519 (trade not showing), not because I don't think it's going higher, but because it was only ever a trade & have enough of an "allocation" to MPO already.
Can't claim any great prescience; if I had that, I'd have bought a bucketload at 116.5 offer yesterday..|
|I saw the following article in The South China Morning Post a few days ago during a recent visit to HK/Macau.
The newspaper article was headed "Fortunes seen turning bright for Macau" and highlights a report on anticipated economic growth and visitor numbers by Morgan Stanley. - For Macau watchers, further evidence of an upturn.
Herewith link to digital version (28th. December) of same article in the SCMP:-
ALL IMO. DYOR.
|Yes. Annoying that I was waiting for this to drop further... Too greedy!|
|Seller must be licking his wounds - he was on at 116.5p offer yesterday morning, & it just AT'd at 131 (still, I might add, a quid below a slowly rising NAV).|
|Also, the GBP/USD rate used is at 30th September, which was about $1.30 to the GBP.
That was just before Theresa May's disastrous speech to the Conservative conference,, which caused so much offence across the EU and caused the GBP to plunge to its current levels. Another triumph for British diplomacy!|
|Interesting things to me are that the valuation is as of 30th Sept - would hope it's ticked up again since then, after two consecutive quarterly rises - and that it's got a long way to still recover in both NAV & share price terms.
Add to that, the exchange rate used (already about 4% better), and the possible winding-up 2 years from now.|
|Happy to see if the seller uses this rise to unload more...|