Macau Property Opportuni... Share Discussion Threads

[zangdook] 10/2/2021 14:34

curiouser and curiouser. now it's 68 to buy and 68.05 to sell. Still not really arb territory... I have to think SETS doesn't work properly, if it can't put these buyers and sellers in touch with each other.

[zangdook] 10/2/2021 12:38

It's happening again, you can buy at 68 and sell at 68.0012.

I'd love to understand the mechanics of it. It feels like a few market makers not really paying attention to each other, but it's a SETS stock.

[zangdook] 09/2/2021 09:34

I can buy at 68.24 and sell at 68.25 this morning. Not that I have, mind you.

[zangdook] 03/2/2021 11:29

It could be a beneficiary in time, but at present anyone travelling in either direction between HK and Macau is subject to 14 days mandatory quarantine (with a few narrow exemptions at the HK end), and non-{China / HK / Taiwan / Macau} residents are not allowed entry to Macau at all.

Still, anyone willing to put their money aside for 1 - 2 years should do very well here. There's quite a bit of trading activity if you look at a few days together - I suspect the share price could pop up at any time.

[zangdook] 02/2/2021 10:55

Welcome to the club. With any luck, it won't be too long term.

[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 13:19

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 13:13

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.