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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: 42.00
Bid: 40.00
Ask: 44.00
Change: 0.00 (0.00%)
Spread: 4.00 (10.00%)
Open: 42.00
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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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TRADING UPDATES: Brighton Pier revenue up; MyHealthChecked on Amazon

Tue, 26th Jul 2022 14:52

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Johnson Service Group PLC - Cheshire-based textile rental - In the six months to June 30 reports revenue of GBP176.2 million, up from GBP99.6 million the year before. Says that the increase reflects the continuing recovery of its Horeca business, where total revenue more than doubled to GBP110.2 million from GBP35.1 million year-on-year. Notes that it continues to implement price increases to offset cost inflation. Expects full year results to be in line with market expectations. Says it intends to re-commence dividend payments when interim results are announced on September 1.

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Brighton Pier Group PLC - operates Brighton Marine Palace as well as bars and indoor mini-golf sites - Reports that in the year to June 26 revenue nearly triples year-on-year to GBP40.1 million and was up 25% from 2019. Says earnings before interest, tax, depreciation and amortisation exceeded market expectations at GBP10.8 million. Says that strong performance reflects demand for its leisure experiences across a range of demographics in the UK. Adds that it continues to generate "strong" cash flows, enabling the repayment of GBP7.7 million of debt during its financial year. "The cash-generative nature of the group's diverse businesses puts us in a unique position to capitalise on new opportunities as and when they arise," Chief Executive Officer Anne Ackord comments.

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OnTheMarket PLC - Aldershot, England-based property search portal operator - Says during its financial year to January 31 it saw the continued application of its 4 Pillar Strategy to establish a tech-enabled property business across the broader property market. This includes launching a new website, logo & branding, the completion of its acquisition of Glanty, and a new marketing strategy, with a new TV creative to drive increased levels of consumer awareness. Notes that at January 31 its cash balance was GBP8.4 million, with no borrowings. Says it has made a positive start to its new financial year and is trading in line with the board's expectations.

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MyHealthChecked PLC - Cardiff-based healthcare company - Says its cheek-swab DNA at-home wellness tests are now available on UK site of online retailed Amazon.com Inc. The GBP54 tests available include: intolerance & sensitivities, weight management, heart profile and vitamins & minerals. Chief Executive Penny McCormick says: "Following the success of our partnership with the UK's top high street pharmacy retailers for our Covid-19 testing service, we have seen the real value that additional retail partners can bring to the business by broadening our customer base and significantly increasing our market share."

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Water Intelligence PLC - London-based leak detection services company - Wins two multi-year customers in Australia for its Water Intelligence International business. Renews contract with existing customer Sydney Water. Wins new contract with Iota Services Pty Ltd operating in Southeast Melbourne. Both contracts to begin in August and together are expected to generate AUD1 million revenue annually, beginning in 2023. "Steve Gayler, who runs our WII business and Chris Medcalf, who runs WII Australia, have continued to navigate difficult operating conditions in Australia especially with respect to Covid and extreme flooding earlier this year. Our operations are off to a good start for second half 2022," Chair Patrick DeSouza adds.

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Macau Property Opportunities Fund Ltd - Guernsey-based investment firm - Sells four units in its flagship property the Waterside Macau for USD14.4 million. Says the combined transaction value represents an average 6.8% discount to the units' latest valuations. Notes that the sale of its units is in line with its ongoing divestment programme and the funds will be used to reduce debt and meet future debt repayments.

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By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 Apr 2024 14:08

Macau Property reduces debt by 18% after latest round of divestment

(Alliance News) - Macau Property Opportunities Fund Ltd on Tuesday said it welcomes legislative changes in Macau as the company continues to improve its balance sheet.

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16 Apr 2024 10:32

SMALL-CAP WINNERS & LOSERS: TClarke agrees GBP91 million takeover

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4 Mar 2024 14:13

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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19 Jan 2024 13:26

IN BRIEF: Macau Property optimistic as region's GDP set to grow

Macau Property Opportunities Fund Ltd - Macau, China-focused investor - Says it is "cautiously optimistic" for improved investor sentiment, despite "sluggish" property sector amid higher interest rates and post-Covid recovery in China. Looking ahead, Macau's gross domestic product has been forecast to grow by 27% in 2024, according to the International Monetary Fund. "This could provide a much-needed boost to the market, as Macau's interest rates are set with reference to US rates," says the firm. Looking ahead, Macau Property will focus on the divestment of its portfolio and debt reduction.

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14 Dec 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 15 December 
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Tristel PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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6 Oct 2023 11:40

Macau Property Opportunities loss narrows on reduced investment loss

(Alliance News) - Macau Property Opportunities Fund Ltd on Friday reported a narrowed annual loss as its loss from investment property contracted, but lamented the economic downturn in mainland China.

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14 Jul 2023 10:28

IN BRIEF: Macau Property says benefit of reopened China slow to arrive

Macau Property Opportunities Fund Ltd - Macau, China-focused investor - Adjusted net asset value at March 31 is USD1.52 per share, down 5.4% from USD1.61 per share at December 31, as the end of pandemic-era travel restrictions in China failed to give an immediate boost to property prices. Notes a decline in average rents across its residential property market in the first quarter of 2023, with average rent per square feet of usable area of USD1.50, down 2% from the previous quarter and 7% on a year before.

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23 Feb 2023 20:02

Macau Property net asset value falls but eyes resurgence on Covid ease

(Alliance News) - Macau Property Opportunities Fund Ltd on Thursday said its interim loss widened, blaming a difficult trading backdrop during the half-year period, though it believes an easing of Covid-19 curbs will be a tailwind.

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1 Feb 2023 16:49

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 Feb 2023 16:48

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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13 Jan 2023 19:32

TRADING UPDATES: Premier Miton assets grow; Taseko Mines gets funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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13 Jan 2023 19:32

TRADING UPDATES: Premier Miton assets grow; Taseko Mines gets funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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6 Dec 2022 15:51

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Wednesday 7 December 
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Copyright 2022 Alliance News Ltd. All Rights Reserved.

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7 Oct 2022 21:48

TRADING UPDATES: IQE, IQGeo win deals; MPOF assets fall on Covid-19

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Aug 2022 09:20

IN BRIEF: Macau Property completes USD5.4 million sale of two assets

Macau Property Opportunities Fund Ltd - Guernsey-based investment firm - Completes the sale of its two remaining units located in its flagship property the Waterside Macau for USD5.4 million.

Read more

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