Macau Property Opportuni... Share Discussion Threads

[quepassa] 27/3/2019 09:50

Several days now at open, the market makers have been marking price down at open, only to see price rebound quickly.

In my experience, this sort of activity is frequently a sign that there are buyers around and that the stock is wanted. This type of tree-shaking activity by market-makers is designed to scare weak holders and to flush out sellers.

This stock remains very cheap in my view.

ALL IMO. DYOR.
QP

[quepassa] 15/3/2019 12:57

This share has enormous hidden value -

its value is often overlooked.

all imo. dyor.
qp

[quepassa] 15/2/2019 10:01

Fascinating article on page 26 of today's FT Insight Column written by Emma Dunkley, headed " Hot property prices in Hong Kong defy the chill from China".

Quote " Hong Kong residents sit on a large amount of savings which could be channeled into the property market as investors seek higher returns"

With the HK-Macau bridge recently opened, the softer HK property market apparent over the last 12 months may be strengthening again and Macau will likely be a major beneficiary in my view.

ALL IMO. DYOR.
QP

[zangdook] 15/2/2019 06:48

I'm not sure I would describe the update as upbeat. The only thing they spun positively was the bridge, and I only see that as (possibly) significant for the the economy, not for the high-end real estate market. Pretty much everything company-specific in the update was downbeat. I'm not too surprised the price has fallen, but there's still good value for those prepared to wait.

[galeforce1] 13/2/2019 13:59

QP - thanks for that view.

Am sure you are right and that MPO at this price is definitely a BUY.

[quepassa] 12/2/2019 08:16

At a STONKING discount to NAV of an eye-watering 40%, this overlooked fund looks outstanding value:-

Pretty upbeat Q4 Update.
Buoyant outlook.
Money recently flooding back into Chinese equities.
Full impact of recently opened HK-Macau bridge not yet felt and reflected.
Record number of Macau visitors in 2018.
Further multi-billion US$ upgrades to casino complexes by Sands and Wynne.


Indiscrimately, taken lower by China sell-off last year which has quickly reversed in January, opportunity knocks.

Time to stock up.

Thank you Mr. Market.


ALL IMO. DYOR.
QP

[galeforce1] 06/2/2019 10:43

Big slide down here over the last six months.

Any reason for this, or is it just an investor getting out of an illiquid trust and pushing the price down?

[jbarcroftr] 11/12/2018 17:05

Seems to have fallen back for no reason I can see
Time for a top up
Massive discount to net assets

[quepassa] 23/8/2018 11:08

Well, clearly Sniper still think that MPO offers great value judging by another chunky investment into the fund they manage.

Another 717,000 shares being about another £1.3million.

Sniper are not just investing for fun but see inherent value in the share which continues to trade at a whopping discount to NAV.

ALL IMO. DYOR.
QP

[zangdook] 03/8/2018 16:32

MPO?

MAO delisted in 2009.

[jbarcroftr] 02/8/2018 18:25

Recycling my dividend into Mao seems a no brainer to me

[quepassa] 02/8/2018 15:34

A blip in casino revenue growth.

Numbers still significantly up but a tad less than analyst forecasts.

Wynn Resorts share price fell badly fell.

Very interestingly, Wynn CEO blames lower than expected performance due to World Cup keeping gamblers at home. But says that "Best Years for Wynn Macau yet to come".

hXXps://www.cnbc.com/video/2018/08/02/wynn-ceo-best-years-for-wynn-macau-yet-to-come.html

Sounds like a storm in a tea-cup to me and a temporary blip rather than any deeper-seated problem in a strengthening economy for Macau. According to Wynn, recent Macau trading since World Cup has been excellent.


Personally, no concerns and perhaps a very nice buying opportunity.


ALL IMO. DYOR.
QP

[888icb] 27/7/2018 08:21

A good start today with the share price reaching £2.

[quepassa] 25/7/2018 08:08

FOR THE RECORD.

SHARE REDEMPTION PROCEEDS RECEIVED BY ME ON A/C AT STOCKBROKERS YESTERDAY 24/7/18.

MPO REDEEMED 19.1% (19.098265%) of SHARES AT A STERLING PRICE OF £2.618p PER SHARE.


ACCORDING TO MY CALCULATIONS, IF YOU PREVIOUSLY OWNED 1,000 MPO, YOU WILL NOW OWN 809 NEW MPO PLUS REDEMPTION CASH OF £500.04


ALL IMO. DYOR.
QP

[quepassa] 10/7/2018 07:25

Very buoyant performance and exceptional outlook as Macau fundamentals look increasingly strong and economy picks up greater speed.

A strong backdrop with increasing tourism and the opening of the road bridge to the Mainland will support property prices.

Looking very good and strengthened balance combined with low LTV's make the ongoing discount to NAV a real bargain.


ALL IMO. DYOR.
QP

[quepassa] 11/6/2018 11:28

well, they just had a massive portfolio sale and 18 months ago rejected a bid for thewhole portfolio .

the real estate market has taken off recently and their desire to sell is well known in the marketplace.

buyers will be nibbling and sooner or later biting in my opinion.

all imo. dyor.
qp

[jbarcroftr] 11/6/2018 11:09

Almost bound to be
As all properties are held in spv,s it shouldn’t be difficult to find a couple of buyers and achieve net asset value
Being cynical it’s probably all about snider keeping the management

[quepassa] 11/6/2018 09:59

Bid for rest of portfolio?????

[jbarcroftr] 08/6/2018 07:15

Better than I expected

[888icb] 08/6/2018 07:11

RNS regarding the redemption of shares worth 50p per share from the proceeds of a recent sale. Good news to end the week!

[quepassa] 10/5/2018 11:36

Could talk about the merits and demerits of brokers all day long.....

if you want personalised then a small voice broker can do more but they charge 1-2% per trade which is enormous compared the the £5/£10 to £12 for online.

i know that when ig started share dealing two or three years ago ( as a new dept to their excellent spread-betting services) that they were a bit rocky but hopefully they have better systems in place now.

good luck.

[zangdook] 10/5/2018 11:10

I've had problems with Hargreaves Lansdown which make me unable to recommend them. For example (sorry for OT) they routinely refuse trades in companies which have announced plans to delist at a later date, on the grounds that we "might not be aware" the company planned to delist. Pointing out that I am aware does no good. Also after certain events which involve a temporary suspension or corporate restructure, they delay the restoration of trading far longer than necessary. The last time ERET did a compulsory partial redemption, HL did not restore them to trading for over a week after the new shares were admitted. IWeb took 22 minutes. Thats 22 minutes too long, of course, but HL's performance was ridiculous, and it's not an isolated example.

I've opened an IG account now, so I'm spread over three brokers. Not ideal.