Macau Property Opportuni... Share Discussion Threads

[quepassa] 07/11/2017 17:17

From 160p at the end of Septemeber to 190p now, just five weeks later is pretty dramatic (if not eyebrow raising) activity for this share.

Let me illustrate...

MPO declared their NAV per share at 30th September and it was 251p.

The share price has moved up almost 20% since 30th. Sep ( 160p to 190p). Whilst the NAV may conceivably have pushed up 1% or 2%, it most certainly has not pushed forward by 20% in five/six weeks.

Something, in my opinion only, is driving that massive movement and the massive, sudden reduction in discount-to-NAV per share.

One recalls also that Sniper further significantly added to their major holding on 18th. October at 170.25p.


An astute buy. With the price three weeks later at c.190p or some 12% higher, Sniper can pat themselves on the back. Well done, Sniper. I guess, however,if anyone knows MPO well, it must be Sniper who are putting more skin in the game.


In my opinion only, that unmistakable smell of something cooking just gets stronger and stronger.


ALL IMO. DYOR.
QP

[finkwot] 04/11/2017 17:39

...takes me back to MCAU days

[jbarcroftr] 03/11/2017 11:56

I think the managers will offer Investor’s a way out or option of continuing to invest in a Mk2 version of MPO 220/ 230 p

[quepassa] 03/11/2017 11:31

Fantastic Update today.

The referenced Q3 Investor Update published on the Company's website makes unmissable and scintillating reading.


www.mpofund.com.

The Q3 investor Update contains a very encouraging Outlook:

"We remain positive about Macau’s medium to
long-term growth prospects. Support
from the central and local governments,
as well as the completion of the Hong
Kong-Zhuhai-Macau Bridge, will facilitate
Macau’s development as a world centre for
tourism and leisure."

AND

" We believe investors will continue to be
drawn by Macau’s positive investment
climate, which will benefit the Company’s
divestment plan."



At a give-away discount of 28% to NAV against a rapidly improving economic backdrop and with a strong Outlook, this share looks extremely interesting to me.

The words " DIVESTMENT PLAN " feature again.

However, I think there is a good chance , in my view only, of another whole-portfolio bid coming through, this time at a better price than last December.

A very, very interesting situation.

ALL IMO. DYOR.
QP

[zcaprd7] 03/11/2017 10:32

Which happens to be the NAV, so that's fair....

[zcaprd7] 01/11/2017 09:42

Any targets in mind? I'm aiming for the previous highs at least, say £2.50...

[zcaprd7] 01/11/2017 09:32

Should be a bit of resistance at £2 I guess, the price action there will be interesting...

[quepassa] 01/11/2017 09:26

Up another 3% this morning...


that's not just the sweet smell of coffee brewing.....

..a two year high after a fleeting mid-year retrenchment

ALL IMO. DYOR.
QP

[zcaprd7] 30/10/2017 14:27

Yes, should be a technical push higher once the momentum traders spot it...

[quepassa] 30/10/2017 14:04

Up another 3% today again on no news and minimal volume.

...that unmistakable smell of something cooking gets stronger.....




A new 2 year high and now 100% above its 2016 lows.

The recent Sniper buying is not to be ignored or forgotten.


ALL IMO. DYOR.
QP

[zcaprd7] 30/10/2017 08:47

Technically it was up 5%, but they moved the quote up to the top of the spread (on advfn anyway), now it's back...

[zangdook] 27/10/2017 17:28

Up 5%? I don't see that.

[quepassa] 27/10/2017 17:16

Up 5% today on very low volume and no particular news or RNS........something is cooking in my opinion.


ALL IMO. DYOR.
QP

[zcaprd7] 20/10/2017 10:32

And again...

[zcaprd7] 19/10/2017 12:55

So those big red trades are sniper picking up stock?

[zcaprd7] 16/10/2017 15:21

I could live with divestments over time, particularly if property prices are growing over there... As long as they were chunky and regular.Would like to squeeze that last 10% out of the nav as well, especially as I have concerns the nav might be being held back by sniper?

[zcaprd7] 16/10/2017 14:36

Are we in play?

[zcaprd7] 13/10/2017 14:26

I mean, it probably makes sense to keep buying whilst the discount is there, and once they reach 30%, make an offer?

[zcaprd7] 13/10/2017 13:52

Could they have been the ones with the low ball offer? Or are the expecting a better offer in the future?

[quepassa] 13/10/2017 10:33

Well I guess that Sniper themselves think MOP must be a pretty damn good thing.

They just bought another £230,000 worth of MOP shares taking their holding to 16.8% or 12.83m shares. That's a holding of some c. £22m at 170p per share.

However, one cannot ignore when a parent continues investing heavily in their child.

Interesting times ahead methinks.

ALL IMO. DYOR.
QP

[riverman77] 29/9/2017 12:42

I agree and there seem to be a lack of bargains in the investment trust world recently, with discounts tightening across the board.

[quepassa] 29/9/2017 12:36

Interesting to hear that they had a bid approach for whole portfolio late last year.

That's a sign of the vastly improving times in Macau.


The management at that time were

" Driven by the clear attraction of offering shareholders a complete and clean exit within a short period of time, we engaged with the interested party but the final offer remained at a substantial discount to MPO's end-December 2016 Adjusted NAV. "

Who can rule out the possibility of another approach for the whole portfolio again, this time at a better price?

It seems to me that management have hereby nailed a "FOR SALE" sign to their mast for all to see.

It would not surprise me personally if other more attractive bids were forthcoming for the entire MPO portfolio given the current improving environment and great market liquidity.

Interesting times. The current Discount to NAV looks to me like a gift.

ALL IMO. DYOR.
QP

[zangdook] 29/9/2017 12:00

Depends what you're looking for. If you don't like 16th century Portuguese churches and so on it may not be to your taste.