Macau Property Opportuni... Share Discussion Threads

[zangdook] 12/8/2015 09:09

It would have been nice to have a sentence or two of explanation about why the 10% drop in NAV.

[badtime] 05/8/2015 09:20

Anyone care to guess where this will fall too.

[jbarcroftr] 04/8/2015 13:44

38 p cash according to Simon Thompson

[zangdook] 04/8/2015 13:34

They've authorised their broker to buy up to 10 million shares "independently of, and without influence by the Company" so if they don't have the money they'll be getting their wrists slapped.

[tyranosaurus] 04/8/2015 12:31

They have only announced a share buyback programme to allow share repurchases in the close period.
They have not indicsted that they are actually going to buy any back.
I don`t believe they have much money to do so after buying that expensive property recently, which they will need to spend money on.

[oregano] 04/8/2015 10:37

odd there have been no share buy backs. it implies the shares have found some institutional support at this level.

[rupe1958] 28/7/2015 11:44

Thanks for the responses above. Looks interesting.

[stuffee] 28/7/2015 09:53

Jbar
In fact the HK / Macau bridge postponed to c 2020 due to technical problems.
I still remain enthusiastic re MPO but obviously short term sentiment badly affected by Shanghai market.
Still feel we should see 300p by end 2016.

[oregano] 28/7/2015 09:35

the wind up vote is an interesting one. it was not enacted in '14 to allow the fund to realise value in an orderly way up until 2016. So presumably they should be looking at disposals between now and then. the softer market presumably not helping them.

[zangdook] 28/7/2015 09:30

The NAV is RNSed from time to time.

[jbarcroftr] 28/7/2015 09:25

Simon Thompson says north of 300p
Also they have 38 p in cash so plenty of firepower to buyback

[rupe1958] 28/7/2015 09:10

What is the NAV here?

Doesn't the new bridge/road linking Hong Kong to Macau open in 2016?

[tyranosaurus] 27/7/2015 17:22

There appears to be no support for the price.
Roll on September 24 - results day.
Topped up recently at £2.10 and been watching then sink on a daily basis since.
Unwilling to put any more funds in this basket.

[zangdook] 23/7/2015 11:04

Presumably in the close period the directors will stop buying and so the buybacks might actually start happening again.

Unless the directors have set up their own arm's length arrangement.

[jbarcroftr] 23/7/2015 08:39

Today's announcement should put a floor under the price
17 months to the next wind up vote
Assets of circa 300 p a share
And the big kicker to Macau property values the bridge to Hong Kong to open in 2017 I think
Plus 50% of all new profits to be returned direct to shareholders
Seems about as much of a one way bet as you can get

[tyranosaurus] 22/7/2015 12:17

It will probably fall further if there is no buying by the company or the directors.

[badtime] 22/7/2015 10:27

200 breaks 170 next stop? ...just musing...i've been out of this share for a bit but always kept it on my watch list

[tyranosaurus] 13/7/2015 12:40

Maybe the company has no spare money.
Maybe the directors are being paid too much.

Would be nice to see the company buy back shares, even in small amounts like 50,000 shares.

[zangdook] 10/7/2015 13:17

The company has a share buyback program in place, yet the directors keep snapping up chunks of stock for themselves. Isn't there a bit of a conflict of interest here?

[shavian] 22/6/2015 19:49

Continued buying by directors between 210 -218 is a good sign

[zangdook] 20/4/2015 11:54

If that was Lazard, USS or Sniper, they'll have passed through a percentage point and have to declare it. It may well have been Invesco if clients are still leaving to follow Woodford.

[tyranosaurus] 20/4/2015 07:34

I stand corrected.
500,000 share buyback.

[tyranosaurus] 02/4/2015 12:46

No share buybacks made (even though they have the money), so it looks like none for the foreseeable future.
Has this money been earmarked for Penha/Green House conversion into one massive property at an equally massive cost.
I hope they can find a buyer for this $50m property when the time comes.

[oregano] 19/2/2015 10:03

this is surely a buy. Macro headwinds but strong $ remains key. 328p NAV the company will be back in the market buying shares after results.