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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Macau Property Opportunities Fund Limited | LSE:MPO | London | Ordinary Share | GG00BGDYFV61 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.80 | 31.20 | 32.40 | 32.00 | 32.00 | 32.00 | 52,032 | 16:35:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
03/10/2016 07:05 | Casino shares in Hong Kong powering ahead. Further good omens for what now appears to be a rapidly improving Macao economy. ALL IMO. DYOR. QP | quepassa | |
02/10/2016 16:41 | So investors will move in anticipation - bit like house traders moving into an area before a new tube station is opened | luckymouse | |
29/9/2016 16:30 | The share price is at a 53% discount to Adjusted NAV. There is massive scope for this to head back towards 250p as Investors realise Macau is on the up again. | 888icb | |
29/9/2016 16:03 | absolutely! Cycle turning positive for Macao QP | quepassa | |
29/9/2016 15:55 | And the deck of the massively long Hong Kong - Macao bridge was completed this week. Opening in 2018/19, with a big boost to Macao | shavian | |
21/9/2016 16:25 | Manufacturing data from China has bottomed, according to the PMIs. A more reliable indicator is the China power output data, as monitored at night by satellite by the likes of Goldman Sachs. It's up 7.8% y-on-y according to JPM. Floor space of newly started residential buildings throughout China has been gradually climbing for over a year. All good fundamentals for MPO. | shavian | |
21/9/2016 15:12 | Exactly - who doesn't like catching the btm of a property mkt! That looks like a technical btm on both charts - the upper share price is a bounce off prior demand and the lower is a discount breakout imho | luckymouse | |
21/9/2016 07:38 | Fully concur. MPO has been off the radar and has been in a totally unloved sector for a while now. These results will help refocus investor attention on the fund. ALL IMO. DYOR. QP | quepassa | |
21/9/2016 07:29 | @QP there's certainly plenty "in the price" - and if NAV starts on a multi-year move upwards instead of multi-year decline, then sky's the limit. | spectoacc | |
21/9/2016 07:20 | Well, that's what we were hoping for. Growing evidence that the recent property woes and downturn in Macau had bottomed - and that seems very much the case here with an incipient upturn. The Discount to NAV is not justified and perhaps represents a great opportunity. My reading is that there is next to no chance of the fund being wound up this year. Overall upbeat about prospects going forward against a gradually improving market. The new openings of the mega-resorts in Macau and their pulling-power are not to be underestimated. Personally comfortable and optimistic about share price going forward. ALL IMO. DYOR. QP | quepassa | |
21/9/2016 07:03 | up 7% on these results. | silkywhite | |
21/9/2016 06:38 | Results out - the backward-looking part is inevitably bad, but finally with some positive noises going forwards - Chairman's statement is worth a read. Also worth highlighting this para: " An AGM and a discontinuation vote will be held in November, following presentation of the Board's recommendations to shareholders. These will include extending the Fund's life for another 2 years from November 2016. Thereafter, it is proposed that a 1-year extension be voted on annually, with the voting threshold reduced from 75% to 50% from 2018 onwards." Turkeys don't vote for Christmas, so it seems to reflect a confidence that things will improve enough for the votes to be for continuation. | spectoacc | |
19/9/2016 12:21 | v interesting if you have one eye on the Macau Property mkt. Macau is the Las Vegas of China with some local regulatory latitudes - so behaves a bit like a local economy. This is clearly bottoming & on the turn. Next resistance 150-160 area | luckymouse | |
07/9/2016 09:34 | Ask price moving up. Someone is pushing this up. GLA. | silkywhite | |
06/9/2016 12:29 | Resuming upwards trajectory. From a chart perspective I can see this at 150p before too long. | silkywhite | |
02/9/2016 18:09 | perky bottom | luckymouse | |
18/8/2016 13:59 | That's positive news. Macau is mecca for millions of Chinese. | silkywhite | |
16/8/2016 09:17 | Sometimes it pays to wait. Got some more at 117.5p Sterling has weakened by 2% against the US dollar since the last NAV update on 3rd August so all things being equal the NAV will be over 227p now. ----- Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, announces that its estimated Adjusted Net Asset Value for the period ended 30 June 2016 was US$226 million. This is equivalent to US$2.96 (223 pence*) per share and represents an increase of 0.3% from the previous quarter. *Based on a US$/GBP exchange rate of 1.326 as at 30 June 2016. | silkywhite | |
10/8/2016 08:32 | I should really be buying more at this price since I think there is a comfortable 20% upside hear at least. | silkywhite | |
07/8/2016 14:48 | nice technical bounce | luckymouse | |
05/8/2016 09:15 | You are absolutely right. Still cheap. The current Discount to NAV reains a gift in my view. One of those investments which just lost traction and became out-of-fashion as Macao suffered a few years ago from the China slowdown and the China clampdown on conspicuous spending by VIPs and UHNWI's. When you find these bargains as the mood-music changes and the outlook for the chosen sector bottoms out and improves, there can be a dramatic narrowing of the Discount-to-NAV. It reminds me of Las Vegas after the global financial crisis where you could buy properties in 2010/2011/2012 at 40% discounts to peak. Now Las Vegas property is highly sought after again and buoyant. Macao is focusing more on bringing the masses in rather than mainly relying on VIP's/UHNWI's .This will stimulate demand for property. Everything is cyclical. Macao is rebuilding and opening new venues. The HK-Macao bridge is certain to boost the economy. All this points in my opinion to the beginning of the upturn. ALL IMO. DYOR. QP | quepassa | |
05/8/2016 08:13 | What I love about MPO is that it goes up 30p and is still cheap. Another +30p and it'd still be cheap. And that's based on current NAV, even before any (mooted..) Macau recovery. 1% off the £ yesterday won't have hurt either. | spectoacc | |
04/8/2016 20:58 | i read 2018. let's just say 2018/19. QP | quepassa |
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