Macau Property Opportuni... Share Discussion Threads

[woracle] 19/2/2020 09:17

The HSI PROP index looks horrible. The small dead cat bounce is headed down again.

"All other China/HK/Macau shares bouncing back." Fake news if applied to property sector.

hxxp://www.aastocks.tw/en/stocks/quote/detailchart.aspx?symbol=110003

DYOR :)

[quepassa] 18/2/2020 14:43

192p NAV per share as at six weeks ago on 31/12/19.

Share price today at 104p

The share is trading at a mere 55% of NAV.

Such a massive 45% discount is unwarranted - even if Macau property falls a few more percent.


All other China/HK/Macau shares bouncing back.

Vastly oversold.

ALL IMO. DYOR.
QP

[quepassa] 18/2/2020 14:42

YAWN. YAWN. YAWN

[zangdook] 18/2/2020 14:26

Since you like telling people they're wrong,

"All other China/HK/Macau shares bouncing back."

All? Not UVEL.

[quepassa] 18/2/2020 10:22

TWICE A DAY> JUST FOR YOU:-



192p NAV per share as at six weeks ago on 31/12/19.

Share price today at 104p

The share is trading at a mere 55% of NAV.

Such a massive 45% discount is unwarranted - even if Macau property falls a few more percent.


All other China/HK/Macau shares bouncing back.

Vastly oversold.

ALL IMO. DYOR.
QP

[lionheart79] 18/2/2020 10:17

you gonna post that every day QuePassa....

[quepassa] 18/2/2020 06:25

192p NAV per share as at six weeks ago on 31/12/19.

Share price today at 104p

The share is trading at a mere 55% of NAV.

Such a massive 45% discount is unwarranted - even if Macau property falls a few more percent.


All other China/HK/Macau shares bouncing back.

Vastly oversold.

ALL IMO. DYOR.
QP

[zangdook] 17/2/2020 13:45

"When the coronavirus outbreak is over"

In other words not yet. Not "during".

[woracle] 17/2/2020 13:37

3,000. Meh..its 10k anyway usually. Just a token gesture to buy extortionate priced masks :)

[quepassa] 17/2/2020 13:26

you are wrong.

specific additional payments during virus problem.

see article below

hXXps://www.insider.com/macau-to-give-residents-cash-to-boost-local-economy-2020-2

[woracle] 17/2/2020 13:14

Macau residents have been given free money for over 10 years now. Nothing to do with the virus.

[quepassa] 17/2/2020 12:43

Macau pumping millions into economy to stimulate activity.
Each Macau resident to receive hundreds of dollars from Government.
Macau Casino's scheduled to reopen on 20th February.
All Macau casino shares have bounced back significantly

[woracle] 17/2/2020 12:13

China's no 3 developer, operating in areas of GZ and S China are having a 2 month long 25% fire sale on all stock.

[quepassa] 17/2/2020 10:03

192p NAV per share as at six weeks ago on 31/12/19.

Share price today at 104p

The share is trading at a mere 55% of NAV.

Such a massive 45% discount is unwarranted - even if Macau property falls a few more percent.


All other China/HK/Macau shares bouncing back.

Vastly oversold.

ALL IMO. DYOR.
QP

[woracle] 05/2/2020 05:26

From bad to worse for now.

hxxps://www.nytimes.com/2020/02/04/business/coronavirus-macau-gambling.html

[woracle] 29/1/2020 14:20

The Macau economy is all about gaming. The virus is a black swan event for the city and its economy. Ouch, visitors 75% down for the 1st 4 days of the CNY



The city itself got its first case last week and now has 7.

[zangdook] 29/1/2020 09:36

Welcome aboard, but there's no-one home unless it's squatters.

[a0148009] 29/1/2020 09:00

Decidred to put a toe in the water with a tiny purchase this morning to see if anyome
is at home!

[grahamg8] 14/1/2020 07:48

Clearly the market doesn't believe these valuations. My house is worth £5m but has been on sale at this price for 3 years so I've incentivised the estate agent. It's still for sale with no buyers in sight. I can blame the economy, the buyers for not recognising what a fabulous house I have, or the agent for not working hard enough. Indeed any excuse I can come up with rather than admit the true value is perhaps nearer £4m or even £3m or maybe even less. Time to get real MPO.

[chevalierdaven] 12/11/2019 11:39

Indeed, £113p prices in a 25% discount (including the management divestment incentive fees), which does not reward the risk taken.

At this price, given the net leverage of 43% and the environmment with blood on the streets of HK, I would be selling. This discount is far too low, and the last assets will be very tough to sell, whatever the timeframe is, as always in those liquidations. Looks to me the manager Sniper are milking the investors dry, very nice exit deal for them with very misaligned incentives . Avoid!

[woracle] 12/11/2019 06:52

So the board agree with my complaint that its fees are a racket :) On the one hand reduced management fee to something reasonable. On the other hand, another racket of huge incentives to sell the assets in a timely manner. Surely that's been their job for the last year and achieved zilch. Assuming they sell the assets next near at a 20% discount, and values keep falling 15% next year due to HK sentiment, add a 10% GBP recovery post brexit. These forecasts are not impossible. There isn't that much value yet.

[zangdook] 11/11/2019 10:26

There now.

[zangdook] 11/11/2019 07:34

New fee structure is interesting.

An electronic copy of the AGM and Chairman's Letter is available at the Company's website at

Except it isn't yet, half an hour after the RNS. It happens a lot and it's quite annoying.

[zangdook] 07/10/2019 08:54

They're making the right noises, but selling a couple of bike parking spaces isn't quite enough.

[quepassa] 04/9/2019 09:09

Vastly oversold.

News article in today's South China Morning Post will put a floor to the market and help restore confidence.

all imo. dyor.
qp