|Macau Property Opp. Fund
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Macau Property Share Discussion Threads
Showing 551 to 572 of 575 messages
|You could argue its just catching up|
|Someone put 250k on the bid at 182p - keen.|
|MoneyWeek dated 10th March, quoting Nick Greenwood (Miton):
"Even though locally listed Macanese casino stocks have been moving sharply higher, MPO remains overlooked. It's stated NAV is 245p, yet the shares trade at a mere 161p. The problem isn't a concern about the future direction of this trust's properties, but that MPO has a total market cap of just £100m, which means that few in the UK market are able to buy it. MPO has begun attempting to realise the value of its assets. Should it sell its holdings for 245p and return the proceeds to shareholders over the next two years, that would generate a 65% uplift in the share price without any movement in the underlying value of its portfolio".
I can think of at least 6 flaws in the above paragraph, but the market open beckon.|
|The NAV per share is 245p and the shares are trading a long way below that. The recent rise is recognising this massive discount to NAV and narrowing the gap.|
|Seen nothing specific, gets the occasional mention (eg in MoneyWeek recently) as being cheap.|
|Another strong day. Anything actually driving this?|
|Just for CFDs.|
Thanks for that. Do you use DMA on a normal share dealing account, or for CFDs?|
|@madmix - think they charge me 10 pips, min £10, but yes - haven't noticed a "per fill" which could be very annoying if filled by a one-share bot!|
You mentioned elsewhere that you use IG for retail DMA. I currently use iDealing, who charge £9.90 + £1.70 "per fill". This is fine unless your order is filled in lots of small AT trades, where the costs can add up.
My understanding is that IG only charge a flat £5/£8 per deal, with no "per fill" charge. Is this correct?|
|That is a thing of beauty|
|Nifty move up today?|
|You'll have all seen this from earlier in the month, but interesting as to timescale:
"Chris Russell, Chairman of Macau Property Opportunities Fund Limited, said, "We believe a recovery in the property market is likely over the next two years - gradually moving from the low to the high-end segment, in which our residential assets are concentrated.
"While we are mindful of the uncertainties and risks posed by recent changes in the US administration and interest rate hike policies, as well as any further measures enacted by China's central government to curb capital outflows, the improving market sentiment should create a favourable environment for MPO to divest its assets, and ultimately, return value to shareholders," concluded Chris Russell. "
245p NAV, $18m unrestricted cash (from the same report).|
|Wynn Resorts is one of the biggest risers in New York today. Good sign. I know they have some Macao exposure, but I don't know what percentage that is of its total business.|
|Nice move today... Still heading up|
|Tiny UT so can't read too much into the closing price, but the long march back up continues.|
|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?|