Macau Property Opportuni... Share Discussion Threads

[shavian] 09/5/2013 13:52

Even better NAV uplift than Stuffee's inspired estimate! Great work MPO.

[tyranosaurus] 09/5/2013 13:41

Nice day to be in MPO
Lots of trading going on.
Will see how many they have bought back as they have not been able to until today.
That will push the NAV up even more.

[badtime] 09/5/2013 10:31

Nice set of results

[tyranosaurus] 09/4/2013 18:11

4 million shares traded in the space of a minute.
Looks like they have bought back another 2 million shares.

[stuffee] 28/3/2013 11:13

Badtime
Agreed.
Sale of Sky House at 23% premium to Dec 2012 value boosts confidence in valuations.
Based on Dec 2012 NAV of US$3.19, allowing for this surplus on Sky House sale and on current $1.51 : £ exchange, NAV would be 213p.
Slight concern re likely dampener on HK residential market with new loan restrictions etc to cool speculation, with possible impact on Macao. However Macao still at 60% discount to HK and gap should narrow.
With continuing growth, 140p price still at too great a discount to 213p NAV imho.

[badtime] 28/3/2013 09:14

Nice sale over NAV...and share buybacks can now recommence

[woracle] 22/3/2013 11:39

HK getting toppy..A 20% fall there making it more competitively priced would likely put a cap and dampener on Macau too.

[shavian] 27/2/2013 19:49

Wish I had. I was back in tHe black at £1.22, so todays news and uplift was very welcome. Should also be good for the Apollo Multi-Asset funds which are big backers of MPO. They were predicting a serious re-rating of MPO over a year ago- a tad early, but seemingly spot on. the NAV of £1.91 gives us a discount of over 30% so still lots to go for as confidence and awareness of MPO grows.

[tyranosaurus] 27/2/2013 12:28

Interim results are out.
Looking good for the future.
Glad I topped up yesterday at 131p.

[tyranosaurus] 25/2/2013 13:38

Interim results are due late February which will include a net asset per share value at 31/12/12.
I`m looking for good news here.

[stuffee] 24/1/2013 22:43

Oregano, What I think is even more interesting is that the report states Macau's GDP per head in 2011 was US$66,000 compared to Hong Kong's US$34,000. This is forecast to continue to grow substantially, with the IMF forecasting it will eventually have the world's fourth largest GDP per head, (See Liberum report June 2012). Macau residential values are still only one third of Hong Kong's. With the limited physical space and huge new casinos and resorts opening, there has to be continuing increasing demand for residential units such as MPO's Waterside in One Central, which accounts for half its portfolio. Values could be considered as still far too low.....

[shavian] 23/1/2013 23:23

Phew...a retracement.. This was going too fast. A pause to consolidate would be healthy

[oregano] 22/1/2013 12:38

Macau once again tops the estimates from the Economist Intelligence Unit (EIU) on the world's fastest-growing economies in 2013 with a 14.3-percent growth forecast for gross domestic product.
The forecast is based on the belief that "new casino projects are resumed and Chinese visitors (with rising wages) continue to raise gambling revenues" in Macau, according to a ranking released by EIU last week.
EIU is an independent firm providing analyses on countries and industries that is part of the multimedia Economist Group.

[badtime] 22/1/2013 12:26

took a nibble..wish i had seen it earlier

[shavian] 21/1/2013 21:22

Thanks guys, nice to know I'm not billy no-mates here any more. I didn't know about the wind-up resolution either.

[tyranosaurus] 21/1/2013 21:00

The posters are slowly emerging from their hibernation as the price rises.
I think they have good prospects post Nov 2014.

[sammu] 21/1/2013 17:51

I have been buying on the dips and I'm happy to see this perk up. There recent sizable buybacks are welcome.
I had forgotten about the Nov. 2014 wind up vote. Yes this should help focus the mind.

[stuffee] 21/1/2013 12:11

Shavian , no you are not alone, but I don't think many analysts have twigged on the attractions!

MPOF has an obligation to present resolution to shareholders by Nov 2014 to wind up and distribute assets (set out in depth of prospectus published 6 years ago). Amazing that I don't think any of the analysts' reports mention this.

With its existing assets of 190p at June 2012, current growth and profits from imminent developments, this ain't going to hang around at 130p for long.

[shavian] 18/1/2013 19:00

Am I alone in enjoying this recovery? Outstanding fund update this week. Go go MPO!

[shavian] 28/12/2012 17:16

Share buy-backs. Like 'em!

[shavian] 02/10/2012 18:28

ssshhhhh! T-Rex, we are all lurking in the undergrowth..occasionally.

[tyranosaurus] 31/8/2012 13:36

Ignoring my previous post - make that no posts in 25 months.

Is this the quietest BB that there is ?

[tyranosaurus] 02/5/2012 13:43

"Ensure this thread keeps nice and quiet"

Is no posts in 21 months quiet enough for you ?

[sammu] 31/7/2010 00:29

This recent dip has led me to top up. Hopefully the slowdown in China is healthy and Macau will continue to boom.

[stocktrawler] 15/4/2010 08:31

bought on latest breakout - trading well below current assest value with great growth potential based on latest company report