We would love to hear your thoughts about our site and services, please take our survey here.
To deliver cost-effective and timely divestments of remaining properties, and to deliver further returns of capital to shareholders.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
China lifts the daily entry quota for the border crossing to Hong Kong, and resumes group tours to Hong Kong and Macau, starting from February 6.
This is huge for the Macau economy.
Hi-end property, IMO, a matter of time, before they return to the value of pre-pandemic + rental demand.
Besides, the discount to NAV is so huge, you could fit a barge ship through it.
This was a ghost town during covid
https://twitter.com/i/status/1618353020999278607
Reuters (@Reuters) tweeted at 6:25 am on Wed, Jan 25, 2023:
Tourists swarm gambling hub Macau over Lunar New Year after COVID curbs dropped https://t.co/fFPymdrSjA https://t.co/fRM7YPW8MR
https://www.google.com/search?q=hang+seng+index&oq=hang+seng&aqs=chrome.1.69i57j0i67i131i433j0i67j0i67i131i433j46i131i199i433i465i512j0i67l2j0i512l2j0i67.2150j0j7&sourceid=chrome&ie=UTF-8
Up 3.22% today.
Reflects reopening sentiment.
What a diff compared to its recent low in its 14000s.
Once herd immunity is out of the way, Macau's economy will be a completely diff ballgame.
22/12/22 -
#BREAKING
HKSTV says China will cut its inbound COVID-19 quarantine to just a three-day home quarantine by January 3, which means the country will be fully open starting in 2023.
Implications to Macau - big!
China, Macau is reopening
Directors, of course, having seen that sp is almost 1/3 of the NAV buying in heavily today.
China's covid policy is a radical shift now - so that responsibiity is on the people rather than the government.
MPO's sp fell because of covid and respective restrictions.
Now that restrictions have lifted., Macau's economy should take off from here.
Casino stocks in HK have rallied significantly since the covid policy shift.
Augurs well for the reopening of Macau:
https://www.reuters.com/world/china/chinese-capital-prepares-life-again-lockdowns-lift-across-country-2022-12-06/
BEIJING, Dec 6 (Reuters) - Residents of China's capital were allowed into parks, supermarkets, offices and airports without a negative COVID-19 test on Tuesday, the latest in a mix of easing steps nationwide after unprecedented protests against a tough zero-COVID policy.
"Beijing readies itself for life again," read a headline in the government-owned China Daily newspaper, adding that people were "gradually embracing" newfound freedoms.
Advertisement · Scroll to continue
Authorities have been loosening some of the world's toughest COVID curbs to varying degrees and softening their tone on the threat of the virus, in what many hope could herald a more pronounced shift towards normalcy three years into the pandemic.
"This might be the first step towards reopening," Hu Dongxu, 27, told Reuters as he swiped his travel card to enter a train station in Beijing, which has also dropped the need for tests to use the subway.
As they waited for news, some people, wary the virus might now spread faster, rushed to buy COVID antigen kits and fever medicine and market regulators issued warnings against hoarding and hiking prices. read more
Both of the city's airports also no longer require people to test to enter the terminal, state media reported, although there was no indication of a change to the rule for a negative test before boarding a flight.
Fairly positive article on Macau Casinos in this week's Economist. httpS://www.economist.com/business/2021/03/04/are-galaxy-entertainment-and-mgm-china-a-winning-bet
I have been in this for years, made some and then seen this decline. At the last NAV this is the best Asset play going if the Fund winds up. The if is the question, large shareholders keep extending the wind up date. I am going to buy , the managers are approachable and if the fund is wound up in the next 12 months should be good for the return. I have bought and sold shares over the years- but my last sale was £2.00 so well down on the current price.Averaging down now.
good move up ,should have bought this morning ,got distracted with news and how ncyt starting to move ,and missed this rns and and other shares should have bought this morning , hoping for more of a move up this afternoon ,looking like a nice finish to this week
In today at 67p
Did these calcs for possible returns for different sale price of the property. These take into account the 49% gearing and the management fees (not any other costs), but not the management incentives. I assume that the properties take an average of 2 more years to offload. At 60% of valuation the CAGR is -29% for each yearAt 70% of the valuation the CAGR is -2%At 80% of the valuation the CAGR is 26 %At 90% of valuation the CAGR is 45%At 100% of the valuation the CAGR is 63%
Nice writeup in the telegraph today. Saying the fund will close this year with all funds being distributed to share holders. Value of properties expected to sell higher than book value. GLA
Big downdrift since 180p in November and no signs of life short term. Affected by general negative China sentiment and gambling revenues not good. I definitely wouldnt be a buyer now so my logic is to sell and use the hit to mitigate CGT before April 5. Seemed a good idea when I bought!!
Still trading a big discount, but guess you have to have a view on Macau. Pretty confident things will improve as tourism increases, but the fall in Gambling revenue has had an effect, but in my opinion demand for property will continue. I view this as a short term blip and as MPO continues to buy in looks OK.
Prospects grim, well called Alex Might be interested at £1.27
blasted autocorrect
Sniper Capital performance fee and management fee from launch through to FY14 (i.e. not inc. HY15) = $88.928m, or roughly £59m. Sniper Capital total spend on shares = £13,295,956. However, I make their average to be £1.27. So they can be freely for shareholder morale without necessarily targeting more than the current SP. Recent buys nothing more than a dribble, despite initial appearances.
NAV down slightly at 302 p, but still means shares trading at in my opinion a ridiculous discount.
A Couple of £80 trades this nonth look like either a buy back or some-one who understands that this is trading a silly discount to NAV.
With last NAV at £3.06 and buy backs still happening, the discount to NAV is too large. For a top performing Asset based company the NAV should be aroung 10% max (look at the Investment Trust market average discount). HK is obvioulsy unsettled at we have seen volatility in many share prices, but MPO in my opinion is a well managed business with a good portfolio of quality assets. . The share price should be at least £2.70 and I personally feel should be nearer NAV. Share buy backs for the information for new investor increase NAV ( Assets divided by shares in issue). Charles
http://www.macaubusiness.com/news/estate-agent-expects-prices-to-fall-5-pct-in-2015.html “Visa restrictions have been tightened for mainlanders, gaming revenue is dropping and interest rates have been raised. All these factors have contributed to the instability of the real estate market,” Mr Cheung said. He forecasts that this year about 7,700 properties will be sold, 36 percent fewer than last year and the fewest on record.
http://www.cnbc.com/id/102148694 October was the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. Gambling revenues for the month fell some 23 percent year-on-year, the sharpest drop since the former Portuguese colony started keeping records, government data showed on Tuesday. October was also the fifth consecutive month of
rns http://www.investegate.co.uk/macau-prop-opp-fund--mpo-/rns/interim-management-statement/201411100700265321W/ OUTLOOK Worries about Macau's gaming revenues have taken centre stage and are likely to remain at the fore in the near term. Looking further out, however, we believe that Macau remains firmly on track to enter its next phase of growth as new integrated casino-resorts on the Cotai Strip open and complimentary developments on the neighbouring island of Hengqin gather pace. Against such a backdrop, we will remain focused on building and growing shareholder value through asset enhancement initiatives, the redevelopment of existing projects and prudent financial management.
short from 250 technical analyse much lower target 150