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Pin to quick picksMacau Property Share News (MPO)

Share Price Information for Macau Property (MPO)

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Share Price: 40.00
Bid: 38.00
Ask: 42.60
Change: 0.00 (0.00%)
Spread: 4.60 (12.105%)
Open: 40.00
High: 0.00
Low: 0.00
Prev. Close: 40.00
MPO Live PriceLast checked at -
Macau Property Opportunities is an Investment Trust

To deliver cost-effective and timely divestments of remaining properties, and to deliver further returns of capital to shareholders.

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Macau Property sees fall in NAV

Mon, 12th Nov 2012 10:36

Macau Property Opportunities Fund said currency fluctuations resulted in its Net Asset Value (NAV) falling over the last quarter.The firm said in the three months to the end of September, NAV per share was $3.07, representing a rise of 2%. However, in Sterling terms this was 190p, a fall of 0.79% due to exchange rate fluctuations.It tried to reassure investors that new property cooling measures announced by the Macau government in October would not damage the business."We do not expect the new property cooling measures to have a significant impact on [our] portfolio and in the case of The Waterside, [an ultra-luxury residential site] they could help drive rental values," the firm said.The fund's property portfolio value was up 2.6% to $385m and it reported cash balances of $34.6m, of which $6.7m was pledged as collateral for the company's banking facilities. "[Macau Property] continues to hold the view that its share price remains significantly undervalued and does not accurately reflect the quality and positioning of its portfolio and potential for further NAV growth," the company said. "The board therefore remains actively committed to buying back shares at attractive levels of discount of share price to Net Asset Value." The fund has repurchased 2.57m of its own shares for cancellation since May, bringing the total number of shares repurchased since mid-2011 to over 5m - around 5% of the company's issued share capital.Shares were up 3.7% at 10:35 on Monday following the announcement,
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TUI directors make the most of rising share price

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4 Dec 2012 16:13

Bellzone Mining founder sells shares to other stake holder

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26 Sep 2012 15:56

Regenersis CFO buys stake as firm unveils strong results

Jog Dhody, the Chief Financial Officer of Regenersis, a consumer electronics repair specialist, bought a stake in the firm on Tuesday, opening his account on the same day it posted a 24 per cent rise in operating profits. Dhogy, who joined the board in March of this year, purchased 155,987 shares

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25 Sep 2012 16:26

Kingfisher CEO ditches exercised options

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Small caps round-up: Forbidden Tech, MediLink-Global UK, Conexion Media...

Forbidden Technologies' pre-tax loss for the first half ended 30 June widened to £57,758, from £25,697 for the prior-year period. Additionally, loss per share more than doubled, from 0.03p last year to 0.07p for this half year. Operating costs were up 37% to £214,730 on last year's results due to h

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16 Jul 2010 07:41

Macau Property Opportunities Sees Positive Momentum In 2H

LONDON (Dow Jones)--Macau Property Opportunities Fund (MPO.LN), an investor in commercial property and property-related ventures primarily in Macau and in the Western Pearl River Delta region, said Friday that the positive momentum in the first half of 2010 is expected to continue into the second ha

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24 Jun 2010 07:50

Macau Property Opportunities Fund Enters HK$105M Credit Facility

LONDON (Dow Jones)--Macau Property Opportunities Fund (MPO.LN) said Thursday it has entered into a credit facility arrangement for up to HK$105 million ($13.5 million) with Banco Weng Hang S.A., one of Macau's leading local banks. MAIN FACTS: -The credit facility will be used to finance the

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