Macau Property Opportuni... Share Discussion Threads

[oregano] 04/8/2015 11:37

odd there have been no share buy backs. it implies the shares have found some institutional support at this level.

[rupe1958] 28/7/2015 12:44

Thanks for the responses above. Looks interesting.

[stuffee] 28/7/2015 10:53

Jbar
In fact the HK / Macau bridge postponed to c 2020 due to technical problems.
I still remain enthusiastic re MPO but obviously short term sentiment badly affected by Shanghai market.
Still feel we should see 300p by end 2016.

[oregano] 28/7/2015 10:35

the wind up vote is an interesting one. it was not enacted in '14 to allow the fund to realise value in an orderly way up until 2016. So presumably they should be looking at disposals between now and then. the softer market presumably not helping them.

[zangdook] 28/7/2015 10:30

The NAV is RNSed from time to time.

[jbarcroftr] 28/7/2015 10:25

Simon Thompson says north of 300p
Also they have 38 p in cash so plenty of firepower to buyback

[rupe1958] 28/7/2015 10:10

What is the NAV here?

Doesn't the new bridge/road linking Hong Kong to Macau open in 2016?

[tyranosaurus] 27/7/2015 18:22

There appears to be no support for the price.
Roll on September 24 - results day.
Topped up recently at £2.10 and been watching then sink on a daily basis since.
Unwilling to put any more funds in this basket.

[zangdook] 23/7/2015 12:04

Presumably in the close period the directors will stop buying and so the buybacks might actually start happening again.

Unless the directors have set up their own arm's length arrangement.

[jbarcroftr] 23/7/2015 09:39

Today's announcement should put a floor under the price
17 months to the next wind up vote
Assets of circa 300 p a share
And the big kicker to Macau property values the bridge to Hong Kong to open in 2017 I think
Plus 50% of all new profits to be returned direct to shareholders
Seems about as much of a one way bet as you can get

[tyranosaurus] 22/7/2015 13:17

It will probably fall further if there is no buying by the company or the directors.

[badtime] 22/7/2015 11:27

200 breaks 170 next stop? ...just musing...i've been out of this share for a bit but always kept it on my watch list

[tyranosaurus] 13/7/2015 13:40

Maybe the company has no spare money.
Maybe the directors are being paid too much.

Would be nice to see the company buy back shares, even in small amounts like 50,000 shares.

[zangdook] 10/7/2015 14:17

The company has a share buyback program in place, yet the directors keep snapping up chunks of stock for themselves. Isn't there a bit of a conflict of interest here?

[shavian] 22/6/2015 20:49

Continued buying by directors between 210 -218 is a good sign

[zangdook] 20/4/2015 12:54

If that was Lazard, USS or Sniper, they'll have passed through a percentage point and have to declare it. It may well have been Invesco if clients are still leaving to follow Woodford.

[tyranosaurus] 20/4/2015 08:34

I stand corrected.
500,000 share buyback.

[tyranosaurus] 02/4/2015 13:46

No share buybacks made (even though they have the money), so it looks like none for the foreseeable future.
Has this money been earmarked for Penha/Green House conversion into one massive property at an equally massive cost.
I hope they can find a buyer for this $50m property when the time comes.

[oregano] 19/2/2015 10:03

this is surely a buy. Macro headwinds but strong $ remains key. 328p NAV the company will be back in the market buying shares after results.

[jbarcroftr] 19/2/2015 09:18

Well today's announcement means a resumption of share buy backs I presume

[tyranosaurus] 17/2/2015 12:45

I`m hoping for a positive update on the Penha luxury residence as $23m seems a lot when added to the cost of the Green House.
They appear to have emptied the bank account to buy it, which prevents the share purchases that they seem so keen on.

[stuffee] 17/2/2015 11:41

Lisboa fall out

I believe recent MPO share price weakness still reflects shock and adverse Macao sentiment following last month's raid on one of Stanley Ho's principal casinos, Hotel Lisboa, for operating a prostitution racket. 100 ladies marched off in trucks, including Alan Ho, the manager and Stanley's nephew, (who was privileged to be transported in car rather than truck). I have heard of, but sadly never experienced 2 in a bed, but 100 .....

With MPO's interims likely to be published around 28 Feb, hopefully confidence will be boosted a bit, particularly if punters (MPO's not Lisboa's) begin to focus on Dec 2016 liquidation resolution.

[stuffee] 26/1/2015 21:08

Tyro

MPO used its surplus cash to buy the Penha luxury residence for $23m in Dec 2014, where it appears there will be considerable synergy in a joint redevelopment with MPO's existing property, the Green House. Presumably this is why it has not been able to buy back any further shares in recent months, which accounts for the share price weakness. In any event with its interim results to 31 Dec 2014 likely to be published at the end of Feb, MPO presumably in a prohibited period for share dealing.

I thought the Penha purchase made sense to create medium term asset enhancement through a single ultra luxury development.

With the floor of the likely liquidation resolution in two years, I'm not concerned re potential short term price volatility.

[tyranosaurus] 26/1/2015 18:21

Chart is looking dodgy.
Down to October low and March low and looks like reaching January 2014 low.
Time for MPO to issue an update or start buying back shares.

[stuffee] 01/12/2014 18:13

Chorister

Liquidation resolution has to be put before Dec 2016, so I guess, if passed, proceeds will be largely distributed in early 2017. Thus I think 385p in 2016 v unlikely, but pretty confident your glass should be raised in 2017.