Macau Property Opportuni... Share Discussion Threads

[don muang] 10/11/2006 20:43

yes ... it should have been three Billion....

I'm happy with it being a specialist fund just for Macu and environs.... no doubt there'll be a boom and bust cycle ..... but personally I think there'll be a lot more boom yet.

[hectorp] 10/11/2006 18:06

Don M you meant to state ' 3 Billion' people.

- Intersting company, maybe the only thing I don't like so far is it seems to concentrate on MCacau. The other is I'd like a much grater cap. £102 M quid wont go very far in that neck of the woods. You could buy a lot of square footage in Mumbay or maybe still even Moscow for a quarter the cost ..
I can see there are definite advantages, but also clear weaknesses in this territorially limited strategy, and of course, this will be an entertainment and media paradise for China.. but so far I am not convinced so buyeee for the moment.

[flashheart] 06/11/2006 09:37

Thanks for the info Don.

[don muang] 06/11/2006 09:10

It's still building its portfolio of properties ... wouldn't think much chance of a dividend until it's fully invested.....
and personally I'd prefer they reinvest monies for growth then rather than pay dividends

[flashheart] 05/11/2006 21:49

Can anyone tell me if this stock pays a dividend and if so what the yield is please.

[don muang] 05/11/2006 11:39

Profile of Macao seems to be rising nicely now ..... article in the Independent on Sunday today. Like the fact included in the last paragraph that three million people (almost half the world's population) live within a five-hour flight of Macau.

[don muang] 02/11/2006 11:58

At least MPO has couple of mentions in the Far East Special section of todays 'Shares' mag. Brief mention in the China Shares part. Then a neat write-up in the Property Plays part. It's given as one of the four 'Hot Prospects'se

[don muang] 01/11/2006 22:10

Las Vegas Sands Profit Rises at Venetian, Macau (Update2)

By Oliver Staley

Nov. 1 (Bloomberg) -- Las Vegas Sands Corp., the world's largest casino company by market value, said third-quarter profit increased 21 percent because gamblers wagered more at its properties in Las Vegas and Macau.

Net income rose to $97.3 million, or 27 cents a share, from $80.1 million, or 23 cents a share, a year earlier, the company said today in a statement. Revenue climbed 26 percent to $553.2 million from $437.6 million, the company said.

Las Vegas Sands said revenue increased 39 percent at the Sands Macao and climbed 11 percent at Venetian Resort Hotel Casino, its flagship Las Vegas resort. Billionaire Chief Executive Officer Sheldon Adelson plans to build a 20,000-room project in Macau, a new addition to the Venetian and the first casino in Singapore.

``Sheldon's genius is that he's got this vision that is so grand and he's been able to assemble the management team that's able to execute on the vision,'' said Brian Summers, associate portfolio manager at Thornburg Investment Management in Santa Fe, New Mexico, with more than 3 million company shares among its $28 billion under management.

The company's shares fell to $75.55 at 4:55 p.m. in trading after U.S. exchanges closed. Before the results were released, Las Vegas Sands rose 12 cents to $76.32 in composite trading on the New York Stock Exchange.

They have almost doubled this year, better than rivals MGM Mirage, which gained 17 percent over the same period and Wynn Resorts Ltd., which climbed 33 percent.

Las Vegas Sands also owns the Sands Convention and Expo Center in Las Vegas.

Analysts' Estimates

Excluding certain items including development and opening expenses, Las Vegas Sands earned 33 cents a share.

Harry Curtis, a J.P. Morgan analyst top-ranked by StarMine Corp. who has an ``overweight'' rating on the company's shares, estimated earnings of 29 cents, the same as 15 analysts surveyed by Thomson Financial. Thomson does not disclose the basis of its estimates to Bloomberg.

Macau is an autonomous region in China and the only place in that country that allows gambling. The Sands Macao, which opened in 2004, was the first U.S. casino to open there.

The company is also building the $1.8 billion Venetian Macao, scheduled to open next year. That property will anchor the Cotai Strip complex Sands is developing with Hilton Hotels Corp., Four Seasons Hotels Inc. and Starwood Hotels & Resorts Worldwide Inc.

While Las Vegas Sands was the first company to break Stanley Ho's 40-year monopoly on Macau, others are moving in. On Sept. 6, rival Steve Wynn opened the $1.2 billion Wynn Macau and on Oct. 19 Hong Kong-based Galaxy Entertainment opened the StarWorld casino.

Macau Competition

Next year will see the opening of Crown Macau, a joint venture between Melco Interntaional Development Corp. and Australia's Publishing & Broadcasting Ltd, as well as a casino from Las Vegas-based MGM Mirage.

Las Vegas Sands president Bill Weidner said in July the company would invest $8 billion in Macau.

In May, Sands beat out rivals Harrah's Entertainment Inc., MGM Mirage and Malaysia's Genting Bhd to build Singapore's first casino. Sands has lined up $6 billion in loans to fund the project, which is expected to open in 2009. The bid for the contract was $3.2 billion.

Sands is also developing hotels and condominiums on China's Hengqin Island and is in discussions with the Japanese government about operating one of that nation's first casinos should Japan lift its ban.

In Las Vegas, Sands is building the Palazzo, a companion casino to the Venetian that is scheduled to open in the third quarter of 2007. The company is also bidding to open a casino in Bethlehem, Pennsylvania.

Of the 18 analysts who track Las Vegas Sands, eight rate it ``buy'' and nine rate it ``hold,'' and one says ``sell.''

To contact the reporter on this story: Oliver Staley in New York at [e-mail] .

Last Updated: November 1, 2006 17:01 EST

[don muang] 25/10/2006 17:44

Tiny Macau overtakes Vegas Strip.... Macau, a tiny special administrative region of China, appears to have overtaken the famous Las Vegas Strip as the world's top gambling destination.

Full story at:

[grippa] 17/10/2006 12:35

Initial Property Acquisition

As announced on 4 October 2006, Macau Property Opportunities Fund Limited,
managed by Sniper Capital Limited, is in negotiations to acquire a number of
sites with a total combined value of #70 million.

MPOF is now pleased to announce the completion of its first investment in Macau
for a well-positioned residential redevelopment site.

Key Points:

* Total investment of #8.5 million consisting of an acquisition price of #4.6 million and an expected redevelopment cost of #3.9 million.

* The 13,000 square foot site is located in an established residential area
on south west Macau Peninsula popular with local residents.

* The Company plans to redevelop the site into residential apartments,
targeted towards the increasingly affluent local population.

* The acquisition was funded entirely out of the Company's cash resources,
but the Company is seeking financing for the redevelopment portion of the
project.

As has been previously announced, terms have been agreed in principle by MPOF on two other developments (one a redevelopment of a prime central site for retail and entertainment use and the other a luxury residential development, both in Macau) with a combined acquisition value of approximately #43 million. Final due diligence is still being undertaken on these potential acquisitions.

Commenting on the acquisition, David Hinde, Chairman of MPOF said: "This
acquisition fits very well with the Company's stated investment strategy of
focusing on niche development and redevelopment opportunities. We are pleased
with the quality and consistency of investment proposals which the Manager is
presenting to the Board and are confident that a number of these will lead to
further acquisitions in the near future."

[don muang] 09/10/2006 21:03

The article does mention that the casino-gambling revenue in Macau is now only slightly lower than Las Vegas. However presently the non-gambling revenue from the punters is over 10 times higher per visitor in Las Vegas. The main reason is that many of the Macau gamblers are presently day trippers. The great growth opportunity in Macau is getting punters from Japan, Korea etc. And there are now signs that's starting to happen. So we can look forward to MPO taking advantage of this via their focusing on a mix of niche developments and redevelopment opportunities

[grippa] 09/10/2006 14:49

Not only is it rivalling Las vegas already but it will soon overtake las vegas in terms of gambling revenue! Macau is growing amazingly quickly.

[grippa] 05/10/2006 13:42

Yes very interesting...caution but optimism!

[don muang] 04/10/2006 22:55

Todays Q3 Update makes quite interesting reading.

[grippa] 29/9/2006 13:54

I have bitten the bullet and jumped in yesterday!

[don muang] 17/8/2006 14:08

seems their might be some institutional buying now given the £100k bought in one transation this morning - certainly makes a change from them selling this off - turning point?

[don muang] 16/8/2006 16:58

people are actually buying MPO today (5 buys, one xtrade) - which makes a change.
Not much public info since the IPO so must be some sort of update / RNS before too long....

[don muang] 14/7/2006 08:56

China B-shares close higher tracking A-share rebound, properties in favor

SHANGHAI (XFN-ASIA) - B-shares in Shanghai and Shenzhen closed higher,
tracking the rebound in the A-share market, with oversold property issues in
demand, dealers said.
The Shanghai B-share Index rose 0.45 points to 90.94 on turnover of 154.12
mln usd and the Shenzhen B-share Index was up 1.35 points at 288.86 on turnover
of 141.64 mln hkd.
The FTSE/Xinhua China B 35 Index was up 22.65 points at 3,979.34.
The benchmark Shanghai Composite Index, which covers both A- and B-shares
listed on the Shanghai Stock Exchange, closed up 9.44 points or 0.57 pct at
1,665.21. The key index fell 3.76 pct for the week.
Turnover fell to 24.61 bln yuan from 39.57 bln in the previous session.
The index moved between 1,633.90 and 1,676.75.

(1 usd = 8.00 yuan; 7.8 hkd)
[e-mail]
lx/zr

[spawny100] 04/7/2006 17:14

Hi again Wiganer. Wasn't aware of these but just hit upon the thread. Interesting read thanks. I have quite a few macau related domain names as my way into this market!

[grippa] 04/7/2006 17:02

Am still watching these...as yet havent moved so might be time to get in before they do.

[don muang] 04/7/2006 14:52

One month on from listing .... and the first RNS since then .... (and it's 'positive').

Holding(s) in Company

RNS Number:6290F
Macau Property Opportunity Fund Ltd
04 July 2006



Pursuant to rule 17, "any relevant changes to any significant shareholders", we
hereby make the following notification:-

On the 30th June 2006, Amvescap PLC and subsidiary companies on behalf of
discretionary clients, disclosed an increase in their holding of Ordinary
Shares US$0.01 from 18.21% to 19.16%, resulting from the following transaction:-


Name Trade Value Trade Total
Date Date Holding

Vidacos Nominees Limited 27/06/2006 30/06/2006 Purchase 1,000,000 20,128,000




This information is provided by RNS
The company news service from the London Stock Exchange

END

[don muang] 16/6/2006 16:19

Grippa.... looks like the Vietnam Holdings IPO went ahead yesterday. Epic is (unsurprisingly) VNH. Issue price was $2.00. Towards end of second day of trading it's at $2.03/2.10.