Macau Property Opportuni... Share Discussion Threads

[bigmike100] 17/4/2014 17:33

Simon Thompson in IC still advises buy for mpo.

[badtime] 16/4/2014 13:13

Moving well post div

[badtime] 15/4/2014 09:24

bids at 225 ...was 246 last night...so there is your 21p divi

[envirovision] 15/4/2014 08:26

Fallen around 25p then

[brownie69] 15/4/2014 08:18

Fall due to stock going ex div?

[stuffee] 12/4/2014 14:54

Tyro

In absence of other factors, I would expect share price to fall by 21p on ex div date, which I think is 15 April (couldn't find announcement of exact date).

Think perhaps you are a trifle unfair suggesting MPO will "just plod on" after this date. MPO achieved a 24% increase in US$ value of assets in 6 months to 31 Dec 2013. With Macau's expected huge growth in GDP, the opening of the HK bridge in two years, together with other massive hotel / resorts, continuing growth highly probable.

Although I was originally expecting liquidation vote in Nov 2014, I am entirely happy with the (now approved) extension to Dec 2016. Although in short term, share price might have been higher with earlier liquidation, not sure it would be possible to find better real estate investment than in Macao over next two/ three years. Hardly "plodding on" performance!

[badtime] 12/4/2014 09:28

or will they fall less

[tyranosaurus] 12/4/2014 09:22

Will they fall by more than 21p ?
Are investors just waiting for the ex-div date to sell ?
It looks as if MPO will just plod on after this, with no spare money for new projects and the spectre of the next continuation vote in the distance.

[stuffee] 11/4/2014 11:17

Zangdook

Thanks - agreed! Wasn't thinking.

[zangdook] 11/4/2014 09:32

Stock price will obviously fall by around 21p the day after the ex-div date.

Probably, but ON the ex-div date.

[bigmike100] 10/4/2014 19:07

many thanks for taking the time to respond stuffee much much appreciated

[badtime] 10/4/2014 09:15

nice bump up

[stuffee] 09/4/2014 13:38

Big M

Assuming you are opting for the capital repayment (the default option in any event), you will receive a free scrip issue of B shares; you will never see these as they will be redeemed for cash. In effect you will thereby receive approx 21p cash at end April for every MPO ordinary you hold.

For capital gains purposes this will be deemed a partial disposal. The relevant cost price of the B shares will be based on your original cost of your ordinary times the relative value of the cash received to the market price of the ordinary at the time of the scrip issue. If MPO is very nice, they should publish the relevant fraction, which will be approx 8.5%.

These capital repayments are a neat scheme to distribute realised gains without the tax consequences of dividends.

If your nominee gets out of bed, they should have notified you of all this. In any event if you take no action you will receive the default option, namely the capital repayment as opposed to the divi.

[taabo] 09/4/2014 10:38

what if these are held in a nominee account?

[stuffee] 09/4/2014 10:32

BigM

MPO making a capital repayment of approx 21p per share at end of April. Shareholders can either elect to take the repayment as a divi or a return of capital. For individuals paying higher tax rates, the former attracts tax at 32.5% and the latter at 28%; not much difference if held in ISA or SIPP etc.

You have to make your election by 14 April, either directly to Registrars or to your Nominee if so held. There is a default option to receive the capital repayment if no election made.

Stock price will obviously fall by around 21p the day after the ex-div date.

[bigmike100] 09/4/2014 09:44

Is there anyone who can explain the following taken from the latest news dated 7/4/14 "Eligible Shareholders wishing to receive some or all of their return of capital in the form of a dividend should, if they have not done so already, complete the Dividend Election Form with which they have been provided and return it to the Company's registrars or, if they hold their Ordinary Shares in uncertificated form (that is, in CREST), send the appropriate TTE instruction as detailed in the Circular, in either case by no later than 1.00 p.m. on 14 April 2014."

[badtime] 07/4/2014 13:15

EGM ..all resolutions passed...so thats 21p to be returned

[bigmike100] 14/3/2014 22:23

cheers badtime

[badtime] 13/3/2014 21:23

Lol ,,,we were 250p bid at the time of your post...they do move the spread a lot with this share....no idea re rise..but i think we r now in a 240/250 range until they make the next return of cash and providing Ukraine doesn't get worse...but then there is also news of Chinas growth slowing..i might topslice if general market conditions turn negative

[bigmike100] 13/3/2014 15:12

Sorry badtime, I was in a bit of a rush and it was a hasty post. At the time I was interested to know what you were wondering. On reflection I suppose it was wondering about reasons for the rise in share price and turnover.