Share Name Share Symbol Market Type Share ISIN Share Description
Macau Property Opp. Fund LSE:MPO London Ordinary Share GB00B1436N68 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 190.00p 2,652 08:55:11
Bid Price Offer Price High Price Low Price Open Price
190.00p 199.00p 190.00p 190.00p 190.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 21.0 23.2 8.8 145.22

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Date Time Title Posts
26/2/201808:21Macau Property Opportunities629
05/3/201414:38*** Macau **-

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Macau Property Daily Update: Macau Property Opp. Fund is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker MPO. The last closing price for Macau Property was 190p.
Macau Property Opp. Fund has a 4 week average price of 189p and a 12 week average price of 178p.
The 1 year high share price is 206p while the 1 year low share price is currently 150p.
There are currently 76,432,964 shares in issue and the average daily traded volume is 17,668 shares. The market capitalisation of Macau Property Opp. Fund is £145,222,631.60.
quepassa: JUST SPOTTED THIS FROM A FEW DAYS AGO. The Telegraph 4th. January. Influential QUESTOR column about MACAU PROPERTY OPPORTUNITIES headed "Questor’s trust bargain of the year: a 30pc discount – and why it should disappear in 2018" hXXp:// GOOD to see the share price break the 200p barrier today. All looking very positive for further outperformance this year. ALL IMO> DYOR. QP
quepassa: 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
zcaprd7: Share price a bit disappointing?
spectoacc: MoneyWeek dated 10th March, quoting Nick Greenwood (Miton): "Even though locally listed Macanese casino stocks have been moving sharply higher, MPO remains overlooked. It's stated NAV is 245p, yet the shares trade at a mere 161p. The problem isn't a concern about the future direction of this trust's properties, but that MPO has a total market cap of just £100m, which means that few in the UK market are able to buy it. MPO has begun attempting to realise the value of its assets. Should it sell its holdings for 245p and return the proceeds to shareholders over the next two years, that would generate a 65% uplift in the share price without any movement in the underlying value of its portfolio". I can think of at least 6 flaws in the above paragraph, but the market open beckon.
spectoacc: Interesting things to me are that the valuation is as of 30th Sept - would hope it's ticked up again since then, after two consecutive quarterly rises - and that it's got a long way to still recover in both NAV & share price terms. Add to that, the exchange rate used (already about 4% better), and the possible winding-up 2 years from now.
shavian: 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
quepassa: 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
spectoacc: £/$ is, but Macau property market isn't! Fees not very pleasant either, HL quotes 3.28%pa - 2% of Net Assets is surely near 4% of share price when at a c.50% discount. Daylight robbery, that'd be a lot of the share price had doubled, let alone when it's halved! Next continuation vote could be interesting, notwithstanding that it'd be a very poor market to fire-sale into.
quepassa: Not so very happy that Sniper Investments keep on buying. On the one hand, you can argue it supports the price. On the other hand it gives them a growing influence as a significant shareholder in the Company which is not necessarily such a good thing. I am always very wary of stake-building by the "Principals" when the share price is so weak. You'd think it was a good thing and positive sign for shareholders - but in my experience that isn't always the case. I would prefer Sniper to manage the fund not to own it. Sometimes this leads to mixed motives and intentions. ALL IMO. DYOR. QP
stuffee: Lisboa fall out I believe recent MPO share price weakness still reflects shock and adverse Macao sentiment following last month's raid on one of Stanley Ho's principal casinos, Hotel Lisboa, for operating a prostitution racket. 100 ladies marched off in trucks, including Alan Ho, the manager and Stanley's nephew, (who was privileged to be transported in car rather than truck). I have heard of, but sadly never experienced 2 in a bed, but 100 ..... With MPO's interims likely to be published around 28 Feb, hopefully confidence will be boosted a bit, particularly if punters (MPO's not Lisboa's) begin to focus on Dec 2016 liquidation resolution.
Macau Property share price data is direct from the London Stock Exchange
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