Macau Property Opportuni... Share Discussion Threads

[quepassa] 12/10/2016 09:03

Hi Shavian,

Is this a non-subscription article - and is it possible for you to post a link? - I'd be interested to read it.

Thanks for your interesting post and info.

QP

[spectoacc] 12/10/2016 08:30

Could be because he's a muppet ;)

Could have sold it better too - a lot more potential for MPO than he stated.

Potential is just that until it's realised of course.

[shavian] 12/10/2016 08:25

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

[hpcg] 11/10/2016 11:07

Yes, mixed report for me. I only have a small and recently acquired position so I can afford tie at flat. The big discount is to the adjusted and not IFRS, so for me this is a call on Macau recovering, and to a certain extent not being in Sterling, though RMB is hardly a strong alternative.

[spectoacc] 11/10/2016 07:39

Whereas I read several bad (albeit historic) points about lease expiries and occupation levels, but attracted to the point about 39% NAV discount being based on $/£ rate of $1.32.

Onwards & upwards I hope.

[quepassa] 11/10/2016 07:32

Many nuggets of good or positive news in the Update continue to point to and give further credence to an improving economy in Macao.

The newly opened mega resorts will increasingly attract more visitors to Macao where visitor numbers and gaming revenues show strong signs of improving and beginning their long-awaited upturn from a low base.

I personally remain upbeat about the prospects and outlook.


ALL IMO. DYOR.
QP

[quepassa] 03/10/2016 08:05

Casino shares in Hong Kong powering ahead.

Further good omens for what now appears to be a rapidly improving Macao economy.

ALL IMO. DYOR.
QP

[luckymouse] 02/10/2016 17:41

So investors will move in anticipation - bit like house traders moving into an area before a new tube station is opened

[888icb] 29/9/2016 17:30

The share price is at a 53% discount to Adjusted NAV. There is massive scope for this to head back towards 250p as Investors realise Macau is on the up again.

[quepassa] 29/9/2016 17:03

absolutely!

Cycle turning positive for Macao

QP

[shavian] 29/9/2016 16:55

And the deck of the massively long Hong Kong - Macao bridge was completed this week. Opening in 2018/19, with a big boost to Macao

[shavian] 21/9/2016 17:25

Manufacturing data from China has bottomed, according to the PMIs. A more reliable indicator is the China power output data, as monitored at night by satellite by the likes of Goldman Sachs. It's up 7.8% y-on-y according to JPM. Floor space of newly started residential buildings throughout China has been gradually climbing for over a year. All good fundamentals for MPO.

[luckymouse] 21/9/2016 16:12

Exactly - who doesn't like catching the btm of a property mkt!

That looks like a technical btm on both charts - the upper share price is a bounce off prior demand and the lower is a discount breakout imho

[quepassa] 21/9/2016 08:38

Fully concur.

MPO has been off the radar and has been in a totally unloved sector for a while now.


These results will help refocus investor attention on the fund.

ALL IMO. DYOR.
QP

[spectoacc] 21/9/2016 08:29

@QP there's certainly plenty "in the price" - and if NAV starts on a multi-year move upwards instead of multi-year decline, then sky's the limit.

[quepassa] 21/9/2016 08:20

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

[silkywhite] 21/9/2016 08:03

up 7% on these results.

[spectoacc] 21/9/2016 07:38

Results out - the backward-looking part is inevitably bad, but finally with some positive noises going forwards - Chairman's statement is worth a read.

Also worth highlighting this para:

" An AGM and a discontinuation vote will be held in November, following presentation of the Board's recommendations to shareholders. These will include extending the Fund's life for another 2 years from November 2016. Thereafter, it is proposed that a 1-year extension be voted on annually, with the voting threshold reduced from 75% to 50% from 2018 onwards."

Turkeys don't vote for Christmas, so it seems to reflect a confidence that things will improve enough for the votes to be for continuation.

[luckymouse] 19/9/2016 13:21

v interesting if you have one eye on the Macau Property mkt.
Macau is the Las Vegas of China with some local regulatory latitudes - so behaves a bit like a local economy. This is clearly bottoming & on the turn.
Next resistance 150-160 area

[silkywhite] 07/9/2016 10:34

Ask price moving up. Someone is pushing this up.
GLA.

[silkywhite] 06/9/2016 13:29

Resuming upwards trajectory.
From a chart perspective I can see this at 150p before too long.

[luckymouse] 02/9/2016 19:09

perky bottom

[silkywhite] 18/8/2016 14:59

That's positive news. Macau is mecca for millions of Chinese.