Macau Property Opportuni... Share Discussion Threads

[lord orphan] 08/2/2008 17:53

At 105p this is a very cheap stock. I estimate it's on a 20% discount to NAV and yet asset values are growing at 30%pa ungeared. Time to top up.

[energyi] 24/1/2008 13:38

energyi - 22 Oct'07 - 08:02 - 141
let's see how these hold in the next few days

Back to 110p, and maybe a bargain now

Good news:

[woracle] 12/1/2008 19:40

Gov land sales fetched 10 times reserve price.. should push property prices 25% this year.

[madengland] 13/12/2007 08:38

Agree, no way of knowing but macau good long term bet nevertheless. Rgds

[hectorp] 12/12/2007 11:16

Morning,
I did say 'either that or' in my post. I have no way of knowing , if we did, I'd be very long or very short some major Banks etc.
I sense it will largely be limited to Finacials etc which have already let their positions be known, though some could still be reporting subprime problesm as late as spring, most of it is in the open. Also I no longer see a US 'Recession' simply some weakness. Macau and the events over there are to a certain extent, in a different world.

[madengland] 10/12/2007 09:57

Agree Hectorp on long term prospect MPO. Tell me how your studies have led you to believe the credit squeeze is nearly over?

[hectorp] 09/12/2007 13:51

I'm a buyer here, and at current prices. Also in DDC ( Poland Hungary etc)
I'm not worried about any possible retest of August.
I suspect on my studies that the credit squeeze is 'nearly' over in the West, either that, OR it will not much trouble China.
I am also addding to JMC ( China Trust).

H.

[grippa] 01/11/2007 08:58

Positive news!

The Board of Macau Property Opportunities Fund Limited received notification
today that Sniper Capital Limited ("Sniper Capital"), the Manager of the
Company, bought on 29 October 2007, a total of 262,500 ordinary shares of
US$0.01 each in the Company ("Ordinary Shares") at 117 pence per Ordinary Share.

The beneficial interest of Sniper Capital in the Company, following this
transaction, is 262,500 Ordinary Shares, representing 0.25% of the total issued
ordinary share capital of the Company.

Tom Ashworth, a non executive Director of the Company, is a shareholder and
director of Sniper Capital and such company is a connected person of him. In
addition, Mr. Ashworth currently has a beneficial interest in 750,000 Ordinary
Shares. Accordingly, the aggregate beneficial interest in Ordinary Shares of Mr.
Ashworth and persons connected with him is 1,012,500 Ordinary Shares,
representing 0.96% of the total issued ordinary share capital of the Company.

[energyi] 22/10/2007 08:02

let's see how these hold in the next few days

[qs9] 10/10/2007 06:21

All looks very strong and have tucked a few away for the next year or so as can only see this heading one way IMO

[energyi] 02/10/2007 07:06

The fundamentals of macau and the price action in property still look good

see:

[grippa] 19/9/2007 09:05

YTD up 10.6% WYNN up 62.8% and LVS up 49.3% due to Macau prospects (too many casinos?) The share price is actually up since your post from a low of 1.05 to today 1.14 so it has risen and you have missed your bottom buying oppurtunity.

[wassapper] 18/9/2007 06:14

I got out back in May - like energyi I will watch and wait.

[energyi] 18/9/2007 01:31

Rising?

Macau Property Opp
Wednesday, May 02, 2007
Open: 135
High: 137.5
Low: 134.5

Today: 114.0

That's a rise?? Not in my book

[grippa] 04/9/2007 13:02

If you haven't noticed the share price is rising!

[energyi] 03/9/2007 13:26

"Never £1, your buying opportunity was 7 days ago!"

I think the lows of mid-August will be revisited, and maybe lower.

= =

Actual post:

energyi - 2 May'07 - 02:58 - 115
-- be careful / macau government policies are not popular with everyone --
SHOTS FIRED AT MACAU RALLY

Macau Property Opp
Wednesday, May 02, 2007

Closing Price: n/a
Open: 135
High: 137.5
Low: 134.5

what are you talking about??

energyi - 16 Feb'07 - 11:26 - 85
TROUBLES AHEAD??
too many casinos? maybe... and Venetia's not open yet
the news flow is starting to turn, it seems.

D@mned accurate- followed up by the early May troubles.
= =

Now, I'm looking forward to an opportunity in these shares.
The NAV may actually be rising while the share price falls.

See:

[grippa] 29/8/2007 15:51

Your warning was on 16th feb when the price was £1.14 So please dont try and say you saw this coming!!

[grippa] 29/8/2007 15:50

Energyi...Never £1, your buying opportunity was 7 days ago! Think you have missed it for now!!! Better luck next time.

[energyi] 29/8/2007 03:45

not looking too swift, is it?
Dont you wish that you had heeded my warnings now?

This, from right near the top:
energyi - 2 May'07 - 02:58 - 115 of 119
-- be careful / macau government policies are not popular with everyone --
SHOTS FIRED AT MACAU RALLY
- -

I wanted to invest, but found it too risky, and am awaiting a better buying opportunity. I dont like to chase overpriced stocks

let's see how the Venetian fares. if it goes well, these shares may recover.
but i could see them back at 100p first (without gtee)

[grippa] 11/7/2007 15:43

"energyi - 16 Feb'07 - 11:26 - 85 of 129


TROUBLES AHEAD??

too many casinos? maybe... and Venetia's not open yet

the news flow is starting to turn, it seems.
The macau legislature wants to change the investment incentives,
because property prices are climbing too fast

i will visit Macau tomorrow for the lunar new year holiday"

The price was 115p on the 16feb...it is now 122.5...I am just pointing out that right from the beginning you have been negative...even at lower prices than this. So not sure why you are talking the price down...Are you invested?

[don muang] 03/7/2007 11:05

energyi ... thanks for the link to the new Asia property thread - plus your views from HK perspective ....

PS: it was 10 years ago this week that the Thai Baht got hit which devestated Thai reality prices - still plenty of areas in Thailand where you can pick up reality now at lower price (in Thai Baht) than 10 years ago - and it's even cheaper in Sterling terms given depreciation of Thai currency .....

[energyi] 03/7/2007 09:19

grippa - 21 May'07 - 15:47 - 121 of 127
Energyi has been negative from the start...not sure what his game is!

Price peaked at the end of April- weeks before that posting
what do you think "my game" is?
Telling it like I see it (from Hong Kong) perhaps??

Have a look at these comparisons:

[grippa] 29/6/2007 06:37

Nice Director and institution buying recently...very positive sign!

[banj] 19/6/2007 08:59

Las Vegas Sands Corp. plans Aug. 28 to open its highly anticipated Venetian Macao Resort Hotel in booming Macau, the only place in China where casino gambling is legal.

The 10.5 million square foot (945,000 square meter) property will be key to Macau's bold bet to transform itself from a casino town for day-tripping gamblers, to a multi-day tourist destination for conventioneers, shoppers and families as well as punters.


The Venetian Macao will feature 3,000 rooms, 1.2 million square feet (110,000 sq. meters) of convention space, a 15,000-seat arena, casinos and 350 stores, the company said Wednesday in a statement from Las Vegas.

The company said its resort will be the first property to open on reclaimed land called the Cotai Strip, which will eventually have 20,000 hotel rooms operated by some of the biggest names in the business: Four Seasons, Sheraton, St. Regis, Hilton and Shangri-La.

Macau - a peninsula and two islands off China's southern coast - was a Portuguese enclave before it returned to Chinese rule in 1999. After the handover, the government broke up a casino monopoly and allowed foreign companies to enter the market.

Last year, Macau raked in more gambling revenue than the Las Vegas Strip