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MPO Macau Property Opportunities Fund Limited

31.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Macau Property Opportuni... Share Discussion Threads

Showing 476 to 498 of 925 messages
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DateSubjectAuthorDiscuss
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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