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
  +2.125p +1.26% 171.125p 169.00p 173.25p 169.00p 168.25p 169.00p 7,268 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -37.0 -44.9 - 130.80

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Date Time Title Posts
26/4/201707:28Macau Property Opportunities577.00
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 169p.
Macau Property Opp. Fund has a 4 week average price of 168.25p and a 12 week average price of 140p.
The 1 year high share price is 184p 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 26,363 shares. The market capitalisation of Macau Property Opp. Fund is £130,795,909.65.
spectoacc: MoneyWeek dated 10th March, quoting Nick Greenwood (Miton): "Even though locally listed Macanese casino stocks have been moving sharply higher, MPO remains overlooked. It's stated NAV is 245p, yet the shares trade at a mere 161p. The problem isn't a concern about the future direction of this trust's properties, but that MPO has a total market cap of just £100m, which means that few in the UK market are able to buy it. MPO has begun attempting to realise the value of its assets. Should it sell its holdings for 245p and return the proceeds to shareholders over the next two years, that would generate a 65% uplift in the share price without any movement in the underlying value of its portfolio". I can think of at least 6 flaws in the above paragraph, but the market open beckon.
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.
Macau Property share price data is direct from the London Stock Exchange
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