We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Speymill Mac. | MCAU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.8225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.8225 | 0.8225 |
| Top Posts |
|---|
Posted at 03/8/2008 17:17 by energyi Companies with Macau Business ExposureBank of China Macau Reduces HK$ and MOP Best Lending Rate - A news report recently released stated that Bank of China Macau Branch reduces its MOP best lending rate by 50 basis points to 5.25% p.a. with effect from 25 March 2008. Consultations on Public Transportation Continue - The Government is planning to create bus lanes in Macau's busiest streets and some other specific areas during peak hours to ease traffic jams. Currently, the small nineseat buses have been criticized for not going to Taipa. Company News Macau Business Update Continued... Scandal Puts Brake on Macau Development - The government approval process for property development had been protracted by at least 6-12 months in the wake of the corruption scandal brought on by former secretary for transport and public works AO Man-long. Several big property developers have faced approval delays for Macau projects but Speymill Macau is believed to be the 1st firm to walk away from a major investment due to the scandal issue. Speymill had pulled out from Bel- Lago project due to the protracted process of applying for and receiving certain building permits from the Government, according to the recent news reported by South China Morning Post. MCAU Headline NAV US$1.46 per share - Net asset value growth of 28.7% on net placing proceeds and NAV of US$1.46 per share (excluding deferred tax and performance fee accrual) Successful investment into US$197 m of gross asset value Growth in underlying property values of more than 35% since launch Sale of the Company's purchase rights in the Lot U development and a resulting gross return of 125% on invested capital is expected Termination of Bel-Lago (C9) forward funding arrangement due to delays in the planning process and a subsequent failure on the part of the developer to meet contractual deadlines Company Ticker Price as at 31/3/08 % Change since 17/11/06 Market Cap ($million) Speymill Macau Property Co PLC (1) MCAU.LN US$1.15 15% US$149.50 Macau Property Opportunities Fund Ltd MPO:LN £1.04 4% £108.68 Wynn Resorts Ltd WYNN US US$100.64 7% US$11,294.73 Las Vegas Sands Corp LVS US US$73.64 -19% US$26,168.19 Melco PBL Entertainment (Macau) Ltd. (2) MPEL US US$11.38 -40% US$5,009.26 Polytec Asset Holding Ltd 0208 HK HK$1.89 -25% HK$8,389.65 Shun Tak Holding Ltd 0242 HK HK$10.30 -14% HK$23,978.50 Esun Holdings Ltd 0571 HK HK$2.51 -71% HK$2,076.16 Galaxy Entertainment Group Ltd 0027 HK HK$5.77 -31% HK$22,708.64 /see: |
Posted at 28/7/2008 15:53 by energyi 11 June 2008High-end US$132 million Residential Investment Speymill Macau Property Company plc (AIM: MCAU), the Macau focused property investment company listed on AIM, is pleased to announce that, on 10 June 2008, it entered into a forward funding arrangement with Companhia de Construcao e Investimento Ho Chun Kei, Limitada, a local Macau developer ("Ho Chun" or the "Developer") to finance the development of a high-end residential building in the inner harbour area on the southwest of Macau Peninsula. At completion of the development, the Company has committed to purchase 259 residential units, ranging in size from approximately 870 square feet gross floor area for 2-bedroom units to approximately 1,300 square feet gross floor area for 3-bedroom units. The development will consist of 4 towers and aim to be a landmark residential development with a clubhouse and car park. The residential units will offer excellent views over to Zhuhai as well as landmark views over Penha Hill and Central Macau Peninsula. It is currently envisaged that the units will be sold prior to completion and handover in 2010. The total consideration is HK$1,028,036,000 (US$132 million), of which 30% is to be settled immediately, with the remainder becoming payable upon completion. The Developer has achieved all relevant government approvals, planning and building permits as well as licenses for the development. The development is currently undergoing the formal process of achieving government gazetting for its revised land conditions and this process is expected to be completed within the next 12 months. The location of the development should benefit from the opening of Ponte 16, increased accessibility through the development of the light transit railway and the continued regeneration of the inner harbour area. Ho Chun started developing Macau real estate in the late 1970s and is currently principally engaged in real estate development, property management, infrastructure construction and project management. It is one of Macau's prominent developers and has developed and constructed more than 100 buildings in Macau. Commenting on the investment, Peter Churchouse, a director of the Company, said, "This acquisition offers a great opportunity to invest in the emerging inner harbor area of Macau with its close proximity to the historic parts of Macau Peninsula, the central business and gaming districts. We believe that the smaller size of the units should be attractive for local residents as well as international buyers. We remain confident in the demand for modern housing units in a supply-constrained economy that is growing its labour force very rapidly. Further I would like to take the opportunity to thank our investors for their continued support of the Company and its strategy." /see: |
Posted at 11/2/2008 06:53 by energyi (Interesting posting on the GEI thread):MCAU.L fund has dropped out of buying stake in Bel Lago project due to delays in getting approval. There is a probable consequence of corruption scandal in Macau and locals/activists again hi-rises. Supply is large, but seems to have been delayed due to this. Meantime, MCAU also sold out of one project at 30+% gain after just over 1 year, while Taubman (big US retail fund) has bought a big stake in a project on Cotai strip. /see: = = Have people in the UK lost interest in this company? They seem to be doing rather well |
Posted at 23/12/2006 16:26 by don muang Looking at the first investment of MCAU it looks like they've purchased 243 residential units across the six tower developement. But t'other Macau fund (MPO) hads gone ahead previously and purchased a whole tower of the development. Therefore possibility exists that MCAU could have purchased units in the MPO tower. Will be interested to see which of these two Macau property companies perform the best over the next couple of years. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
