Macau Property Opportuni... Share Discussion Threads

[hey50] 02/2/2021 10:19

After sitting and watching this for a while I finally decided to take a stake. Showed as a sell but looking for long term growth and NAV realisation

[zangdook] 21/1/2021 13:02

QuePassa
3.95%, not 2.95%

[brwo349] 21/1/2021 12:47

crazy price
strong buy

[livewireplus] 16/1/2021 13:24

Indeed ... I hope you are correct and we do get something closer to NAV. Time will tell ....

[zangdook] 16/1/2021 11:07

I don't think they could sell for that far below NAV, even to get rid of it all at once. They have just negotiated themselves an extra year's management fees - I don't see them throwing away both that and the bonus they get for realising a good price.

[livewireplus] 15/1/2021 15:42

Indeed ... they are working towards winding-it up so they may well unload in one go. So if it is flogged-off like that then my guess is not less than 15% premium to present share price Therefore just my personal ball park figure is that one way or another it may be 80 - 95p sometime during this year. And on that basis couldn't resist another top-up today :-)

[livewireplus] 15/1/2021 14:52

Indeed. Looks like it ....Am I correct in thinking that latest Discount to Adjusted NAV is 56.7% whilst previous at end of H1 2020 was 66.4% ? So unless some serious further problems in Macau can't see the Discount becoming wider again. So two upsides - increase in property / rental prices - & narrowing of discount. I'll be happy for it to get back to being half way between prsent share price and 52 week high - so I make that about 95p - then I would be a happy bunny :-)

[spectoacc] 15/1/2021 07:23

Seeing the end of NAV declines?

[livewireplus] 23/12/2020 09:26

Macau gambles on tech for its Covid-19 recovery - hTTps://www.bbc.co.uk/news/business-55420447

[zangdook] 23/11/2020 07:25

At least they're not resetting the values for the incentive fees. I wonder how much of the $100,000 a month is profit for the manager - what are their expenses like?

[spectoacc] 09/11/2020 20:33

"Sentiment" I guess - 169p last NAV, anything beaten up should bounce with the market.

[shavian] 09/11/2020 16:11

Will news of progress with vaccines spark interest in going gambling in Macau? Maybe that's what has provided today's activity

[zangdook] 09/11/2020 14:03

bit of activity today

[spectoacc] 06/11/2020 09:03

Looking at the path of the qtrly NAV declines, wonder if this is the last one.

[zangdook] 08/10/2020 14:19

I see rambutan2 pointed it out - post 746 - demoted 22 June 2020. The price is higher now than it was then, judging by the advfn chart. Maybe the demotion has held back the recovery.

[zangdook] 08/10/2020 14:13

Equally disappointing has been the material discount in the share price compared to NAV, which was affected by the combination of a market re-rating of real-estate shares and selling pressure from investors that allocate only to constituents of the FTSE 250 All-Share Index.

There's no such thing as the FTSE 250 All-Share Index. MPO has never been a constituent of the FTSE 250. It joined the All-Share Index in 2014. I don't know what the criteria are - presumably mcap - and I didn't notice when it left, but it's interesting that that may have been a factor in the price decline, which I regard as an opportunity, not a disappointment.

[spectoacc] 18/9/2020 08:16

First time back into MPO in a long time. First cautiously positive news for ages.

Loads of outcomes still possible, some not so good, but a lot in the price here IMO.

[zangdook] 18/9/2020 07:14

Nice update; nothing spectacular but all good. I hope they're not planning to use all of that five year term though.

[zangdook] 03/9/2020 08:22

The actual spread is pretty narrow atm. 64.76 - 64.95 for 5000 shares.

[spooky] 25/8/2020 08:08

Any particular reason for the sudden burst of activity this morning?