Share Name Share Symbol Market Type Share ISIN Share Description
Macau Property Opp. Fund LSE:MPO London Ordinary Share GB00B1436N68 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +3.50p +2.30% 155.50p 154.00p 156.00p 156.00p 152.00p 152.00p 17,126.00 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -37.0 -44.9 - 118.85

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Date Time Title Posts
24/2/201719:49Macau Property Opportunities556.00
05/3/201414:38*** Macau **-

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Macau Property Daily Update: Macau Property Opp. Fund is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker MPO. The last closing price for Macau Property was 152p.
Macau Property Opp. Fund has a 4 week average price of 146.71p and a 12 week average price of 136.86p.
The 1 year high share price is 156p while the 1 year low share price is currently 92p.
There are currently 76,432,964 shares in issue and the average daily traded volume is 37,741 shares. The market capitalisation of Macau Property Opp. Fund is £118,853,259.02.
spectoacc: Interesting things to me are that the valuation is as of 30th Sept - would hope it's ticked up again since then, after two consecutive quarterly rises - and that it's got a long way to still recover in both NAV & share price terms. Add to that, the exchange rate used (already about 4% better), and the possible winding-up 2 years from now.
shavian: Big tip for MPO in this week's Money Week by David C Stevenson: 'Take a punt on Macau's casinos'. Pointing out the 28% discount to NAV and the likelihood of returning cash to shareholders.I'm surprised it has had so little effect on volume and share price
quepassa: 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
spectoacc: £/$ is, but Macau property market isn't! Fees not very pleasant either, HL quotes 3.28%pa - 2% of Net Assets is surely near 4% of share price when at a c.50% discount. Daylight robbery, that'd be a lot of the share price had doubled, let alone when it's halved! Next continuation vote could be interesting, notwithstanding that it'd be a very poor market to fire-sale into.
quepassa: Not so very happy that Sniper Investments keep on buying. On the one hand, you can argue it supports the price. On the other hand it gives them a growing influence as a significant shareholder in the Company which is not necessarily such a good thing. I am always very wary of stake-building by the "Principals" when the share price is so weak. You'd think it was a good thing and positive sign for shareholders - but in my experience that isn't always the case. I would prefer Sniper to manage the fund not to own it. Sometimes this leads to mixed motives and intentions. ALL IMO. DYOR. QP
tyranosaurus: Are all those people who voted to extend the life of MPO happy that we have all lost getting on for 50% of what we could have got ? Why have there been no buybacks in a period where the share price has gone down by 20% ? How much has their mountain top palace gone down in value since they doubled it in size ?
tyranosaurus: Share price slowly sinking to who knows where. NAV probably sinking also. No buybacks recently No news recently Yawn.
stuffee: 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: 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.
bigmike100: Ok Shavian lets have a go. By the way blondeamon nice to see you aboard. I follow your posts on THT. I have tried to précis the article bySimon Thompson in Investors Chronicle week beginning Sept 27th "MPO announced sparkling set of results. Adjusted NAV per share rocketed by 31% driven by a 28% rise in the value of the property portfolio. Strong demographics should provide ample scope for further upside. Shares still trade on a wholly unwarranted 26% discount to book value. Macau property has been making some eye watering returns on its investments. They have agreed sale of the Zhuhai properties for £41m. the deal has been priced at a 42% premium to the carry value in the june 2013 accounts. That is after a 56% year on year valuation uplift. When the sale completes NAV value will receive a further boost of almost 14p per share. Expect more upside from other developments ie Fountainside and Waterside. (details in the article) Good news does not end there. Company aggressively buying back shares to take advantage of the share discount to NAV. AS a result this is helping to underpin the steady increase in the share price. Share repurchase will continue to remain a top priority as long as share price trades on an unwarranted discount to book value. Moreover even if my conservative target price of 220p is achieved as seems highly likely on the back of these sensational results, the share price discount to pro forma discount NAV of 273p ( taking into account the completion of afore mentioned property sale) would still be 20%. Needless to say I still rate the share a value buy on a bid offer spread of 192/193" I have done my best now time for a cup of tea.
Macau Property share price data is direct from the London Stock Exchange
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