Macau Property Opportuni... Share Discussion Threads

[shavian] 02/9/2013 17:09

I think what happened is that i looked at it just when they hiked the offer to 174, and just before the bid went up to 172

[badtime] 02/9/2013 16:12

Seems to have narrowed..often what is quoted isent the true sp

[shavian] 02/9/2013 15:32

Agreed. but why the huge spread today?

[tyranosaurus] 01/9/2013 14:15

The 1.5m share buyback is better news than confirmation of the sale.

[zangdook] 27/8/2013 10:17

well, it's not really news, just confirmation and detail. I doubt anyone was expecting the buyers to back out on completing dd.

[shavian] 27/8/2013 10:16

MPO is way below the radar of most investors, especially on a day when gold frenzy is back with a vengeance.

[badtime] 27/8/2013 09:28

disappointing share price reaction..but value will out in time

[shavian] 27/8/2013 07:56

Great RNS! Sale of APAC Centre and Cove properties in Zhuhai, mainland China. total cost to MPO stated as USD45m, just sold for USD64m.

[chorister] 20/8/2013 18:45

I guess they need authority to buy back more shares - I haven't checked, but may be the limits set by the previous authority have expired or been reached. Either way it sounds like good news.

[tyranosaurus] 20/8/2013 18:15

Why have they made this announcement.
It looks the same as the previous share buy back announcement.

[shavian] 19/8/2013 12:50

Please buy some more then!

[xlairways] 19/8/2013 11:32

A modest trade has a big impact here again.

[tyranosaurus] 13/8/2013 20:57

They can`t buy any back if there are none for sale.
Trading volume is peanuts.

[shavian] 29/7/2013 23:18

Oh, triffic. Triple whammy now. Liberium can only buy-back if share price is up 5% in the past 5 working days. Clear signal of re-rating of NAV imminent, followed by buy-back. Fasten seat belts.

[shavian] 24/7/2013 23:37

Any publicity on this could trigger a narrowing of the discount. Double whammy.

[sammu] 24/7/2013 20:34

Thanks woracle, it may be the $30m wasn't a finished product price given I think they recently completed the projects.
I recall that these assets were marked for possible sale in a release over a year ago.
The other properties are in Macau so I don't think there is much read through. Also a significant proportion are mature rather tahn new developments.
We might get a useful uplift from the development that is just completing.

[martincc] 24/7/2013 09:36

Last overall nav was 238p, so around 255p if this sale goes through, with current share price 162/166p.
With a sale well above book valuation price, gives an indication of the market value of the other properties and indicates the last nav of 238p as being conservative.

[tyranosaurus] 24/7/2013 08:40

We now know why there were no share buybacks recently.
We don`t know the background to this sale. Were they being marketed for sale as part of a plan to slowly dispose of all the assets or was it a case of an offer too good to turn down.
When they have received all the proceeds there must be a good chance of a special dividend being paid.

[woracle] 24/7/2013 08:28

Worth about $30m more than in the books. Thats about 7% increase in NAV should it complete. MMs agree.. marked up about 7%.

[martincc] 24/7/2013 08:19

Last valuation 30 march 2013 was $33.416m for the two properties, selling for $64m ?

[sammu] 24/7/2013 08:17

Does (edit) anybody know what the Chinese properties were on the books for? The RNS doesn't make it clear whether the land is being sold too or just the completed property.

[tyranosaurus] 15/5/2013 13:38

We now know that Invesco have reduced by 3.8m shares but no idea who bought them. Looking doubtful that MPO bought them back as no RNS has been forthcoming.
Invesco still have 25m shares so further sales cannot be ruled out.

[shavian] 13/5/2013 07:45

Good article in Sunday Times business news about the strength of the Macao gambling industry. Re-balancing of Chinese economy to boost consumer spending seems to be going well. All positive for MPO!

[dr contrarian] 09/5/2013 14:44

Good to see the underlying value being recognised here.

Would be glad to see the Chinese property development in PMHL achieve just half the valuation that has been recognised here.