Macau Property Opportunities : MPO

Research History

• 07 Aug 2024 11 min read

  QuotedData’s Real Estate Monthly Roundup – August 2024

  August 2024 Winners and losers in July 2024 Best performing funds in price terms % Tritax EuroBox 13.3 Balanced Commercial Property Trust 10.5 TR Property 10.4 AEW UK REIT 9.9 Shaftesbury Capital 9.9 Picton Property 9.4 Schroder REIT 9.1 Tritax Big Box REIT 8.9 Capital & Regional 8.3 Unite Group 7.9 Source: Bloomberg, Marten & […]

• 11 Mar 2024 12 min read

  QuotedData’s Real Estate Monthly Roundup – March 2024

  Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was another month of disappointing share price performance for the real estate sector, as the timing of the fabled interest rate cuts that could kick start a recovery in the sector remains unclear […]

• 12 Feb 2024 7 min read

  QuotedData’s Real Estate Monthly Roundup – February 2024

  Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. Investors seem to be taking a ‘wait-and-see’ approach to the real estate sector at the start of 2024, as inflation in the UK lags behind other developed economies and anticipated interest rate cuts may […]

• 22 Jan 2024 10 min read

  QuotedData’s Real Estate Annual Review – 2023

  Real Estate Annual Review Kindly sponsored by abrdn Things can only get better The real estate sector endured a tough 2023, with much of the year characterised by falling values amid the high interest rate landscape. Values have since stabilised across sub-sectors. Optimism returned in the final couple of months of the year, on promising […]

• 19 Jan 2024 9 min read

  QuotedData’s Real Estate Monthly Roundup – January 2024

  Real Estate Roundup Kindly sponsored by abrdn Performance data December’s biggest movers in price terms are shown in the charts below. A challenging 2023 for the real estate sector was rounded off on a positive footing, with a median average share price increase of 7.1% across the listed sector in December (down 6.3% in the […]

• 17 Oct 2023 14 min read

  QuotedData’s Investment Companies Quarterly Review – Third Quarter 2023

  Third quarter of 2023 Investment Companies | Quarterly roundup | October 2023 Kindly sponsored by abrdn ‘Uncomfortable’ Following a fast start to the first half of the year, globally equities took a breather in Q3, as markets assessed the implications of the worst bond sell-off in a generation. Yields on 10-year US treasuries and UK […]

• 09 Mar 2023 64 min read

  QuotedData’s Economic and Political Monthly Roundup March 2023

  Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]

• 24 Jan 2023 10 min read

  QuotedData’s Real Estate Annual Review – 2022

  Real Estate Annual Review Kindly sponsored by abrdn The year the rug was pulled out 2022 will be remembered as the year that the rug was pulled from under the property sector. Having benefitted from decades of low interest rates, which had fuelled debt-ladened deals and piqued the appetite of global investors looking for more […]

• 05 Jan 2023 9 min read

  QuotedData’s Investment Companies Roundup – January 2023

  December 2022 Monthly roundup  |  Investment companies Winners and losers in December 2022 The Financials sector only has two constituents, one of these – Trian Investors 1 – has seen its discount narrow since it promised to return cash to investors by next June, and it has also benefited from underlying NAV appreciation. Last month’s […]

• 07 Dec 2022 8 min read

  QuotedData’s Investment Companies Roundup – December 2022

  Investment Companies Monthly Roundup Kindly sponsored by abrdn December 2022 Monthly  |  Investment companies Winners and losers in November 2022 As discussed in this month’s economic and political roundup, lower US inflation triggered a fall in the US dollar and drove equity markets higher over November. The big surprise was the resurgence of Chinese markets […]

• 03 Nov 2022 8 min read

  QuotedData’s Investment Companies Roundup – November 2022

  Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn November 2022 Monthly  |  Investment companies   Winners and losers in October 2022 Many equity markets recovered some of the ground lost in September. The swift departure of Liz Truss and her unfunded tax cuts helped the UK stock market and sterling. North America […]

• 13 Oct 2022 14 min read

  QuotedData’s Investment Companies Quarterly Review – Third Quarter 2022

  Third quarter of 2022 Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Piling on the misery In the face of rising inflation, exacerbated by the war in Ukraine, central bankers have condemned for their relative inaction. However, in the third quarter of 2022, they stepped up a gear. Last month’s economic and political roundup […]

• 06 Oct 2022 9 min read

  QuotedData’s Investment Companies Roundup – October 2022

  Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn October 2022 Monthly  |  Investment companies   Winners and losers in September 2022 September’s median total share price return was -6.4% (+0.4% in August). The median NAV return over September was -1.2%. See Appendix 1 for a breakdown of how all the sectors have […]

• 15 Oct 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – Third Quarter 2021

  Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]

• 08 Oct 2021 10 min read

  QuotedData’s Real Estate Roundup – October 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. With fears that economic growth will be stunted by supply chain issues, September wasn’t a great month for property stocks. However, development and regeneration specialist Harworth saw its share price rise 13.3% […]

• 06 Aug 2021 10 min read

  QuotedData’s Real Estate Roundup – August 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. It was no surprise that GCP Student Living topped the table for best performing property companies in July after it received a takeover bid 30% above its share price during the month. […]

• 11 May 2021 9 min read

  QuotedData’s Real Estate Roundup – May 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Diversified property companies were the winners in April as progress in the UK’s vaccination programme and roadmap out of lockdown continued unabated. Six of the top 10 best performing companies in price […]

• 16 Oct 2020 8 min read

  QuotedData’s Real Estate Quarterly Review – Q3 2020

  Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]

• 09 Oct 2020 10 min read

  QuotedData’s Real Estate Roundup – October 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]

• 07 Jul 2020 12 min read

  QuotedData’s Real Estate Roundup – July 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]

• 09 Jun 2020 11 min read

  QuotedData’s Real Estate Roundup – June 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data May’s biggest movers in price terms are shown in the chart below. Shares in property companies took another turbulent turn during May as the covid-19 pandemic continued to wreak havoc on property assets. The biggest mover in price terms during the month was an […]

• 08 Jun 2020 7 min read

  QuotedData’s Investment Companies Roundup – June 2020

  Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments  Table of contents  New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list  New research Here is a list of research we published over May: GCP Infrastructure – […]

• 07 Apr 2020 5 min read

  QuotedData’s Economic Roundup – April 2020

  Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 10 Mar 2020 12 min read

  QuotedData’s Real Estate Roundup – March 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]

• 30 Jan 2020 12 min read

  QuotedData’s Real Estate Annual Review – 2019

   Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]

• 24 Jan 2020 20 min read

  QuotedData’s Investment Companies Annual Review – 2019

   In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]

• 10 Jan 2020 7 min read

  QuotedData’s Real Estate Roundup – January 2020

  Real Estate Roundup  Performance data December’s biggest movers in price terms are shown in the chart below. December was a good month for listed property companies, with the sector experiencing a bounce following the convincing majority the Conservative party won at the general election. For the second month in a row, estate agency group Countrywide […]

• 12 Nov 2019 1 min read

  QuotedData’s economic roundup – November 2019

  Economic & Political Roundup

• 15 Oct 2019 7 min read

  Investment companies quarterly roundup – Third quarter 2019

  Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford  New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]

• 18 Sep 2019 7 min read

  QuotedData’s Real Estate Roundup – September 2019

  Real Estate Roundup  Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]

• 11 Sep 2019 3 min read

  QuotedData’s investment companies roundup – September 2019

  Investment Companies Roundup Kindly sponsored by Baillie Gifford  New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – appetite for risk was generally down in August, as […]

• 05 Jul 2019 3 min read

  QuotedData’s investment companies roundup – July 2019

  Investment Companies Roundup  New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and  Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – there was a greater appetite for risk in June as […]

• 22 Mar 2019 2 min read

  QuotedData’s economic roundup – March 2019

  QuotedData’s economic roundup – March 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 22 Feb 2019 1 min read

  QuotedData’s investment companies roundup – February 2019

  QuotedData’s investment companies roundup – February 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2019. Kindly sponsored by Baillie Gifford. December’s sharp sell-off in technology and growth stocks reversed somewhat in January. This was […]

• 16 Oct 2018 2 min read

  Quarterly Investment Companies Roundup – Third Quarter 2018

  Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018.  This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]

• 15 Aug 2018 1 min read

  QuotedData’s investment companies roundup – August 2018

  QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]

• 25 Apr 2018 1 min read

  Quarterly investment companies roundup – First quarter 2018

  Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]

• 10 Nov 2017 1 min read

  QuotedData investment companies roundup – November 2017

  QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]

• 19 Oct 2017 1 min read

  Quarterly investment companies roundup – Third quarter 2017

  Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]

• 14 Sep 2017 1 min read

  QuotedData investment companies roundup – September 2017

      QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]

• 10 Apr 2017 1 min read

  QuotedData investment companies roundup – April 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup    

• 14 Feb 2017 1 min read

  QuotedData’s round up of views on the global economy – February 2017

  QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. Kindly sponsored by Martin Currie. February Economic and Political Roundup

• 1 min read

  QuotedData investment companies roundup – February 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup

• 27 Oct 2016 1 min read

  Quarterly investment companies roundup – Third quarter 2016

  Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup

• 13 Oct 2016 1 min read

  QuotedData investment companies roundup – October 2016

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup

• 1 min read

  QuotedData’s round up of views on the global economy – October 2016

  QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup  

News

• 15 Aug 2024 1 min read

  QuotedData’s morning briefing 15 August 2024 – MPO, ESP, MPLF

  In QuotedData’s morning briefing 15 August 2024: Macau Property Opportunities (MPO) has seen a 12.2% slide in its NAV over the quarter ended 30 June 2024. It blames local developers discounting properties to boost their cash flow. It says that it continues to comply with all banking covenants and Loan to Value ratios. Empiric Student […]

• 04 Mar 2024 1 min read

  QuotedData’s morning briefing 4 March 2024 – HGT, PEY, MPO

  In QuotedData’s morning briefing 4 March 2024: Princess Private Equity Holding (PEY) announced its NAV performance for January, increasing 0.8% to €14.27 per share, equivalent to a total NAV of EUR 986.7m. Currency movements contributed 0.9%, while value creation added 0.2%. HgCapital Trust (HGT) has announced an investment in Induver and Clover, two leading independent […]

• 06 Oct 2023 2 min read

  Macau Property Opportunities makes sales despite difficult environment

  Macau Property Opportunities (MPO) has announced its annual results for the year ended 30 June 2023. During the first six months of the financial year, Macau was subject to strict dynamic zero-COVID regulations, in lockstep with mainland China. At the beginning of 2023, however, COVID controls were rapidly relaxed, triggering a dramatic economic recovery which […]

• 01 Feb 2023 2 min read

  QuotedData’s morning briefing 1 February 2023

  In QuotedData’s morning briefing 1 February 2023: Macau Property Opportunities (MPO) says its board has agreed to roll the terms of the investment management agreement with Sniper Capital, with effect (retrospectively) from 1 January 2023. Accordingly, a management fee of $100,000 per calendar month for the calendar year 2023 will continue to be payable. Realisation […]

• 19 Aug 2022 1 min read

  QuotedData’s morning briefing 19 August 2022

  In QuotedData’s morning briefing 19 August 2022: Temple Bar (TMPL) has upped its full year dividend forecast from 8.2p to 9.0p, as revenue has been better than expected. The trust outperformed the All-Share over the six months ended 30 June 2022, returning -4.0% to the index’s -4.6%. Shareholders ended up with a return of +0.2% […]

• 25 Feb 2022 1 min read

  Macau Property Opportunities agrees new Investment Management Agreement

  Macau Property Opportunities (MPO) has announced that it has agreed a new investment management agreement with the manager, Sniper Capital, retrospectively effective from 1 February 2022. A management fee of US$100,000 per calendar month for the calendar year 2022 will be payable, following an interim payment of $99,000 in January 2022. Realisation fees will continue […]

• 02 Dec 2021 3 min read

  QuotedData’s morning briefing 2 December 2021

  In QuotedData’s morning briefing 2 December 2021: ICG Enterprise Trust (ICGT) is investing in European Camping Group alongside funds advised by PAI Partners. The investment is being led by PAI Europe VII. ICGT will invest as a limited partner in that fund and also through a direct co-investment. Altogether, ICGT’s investment will be about €11.2m. European Camping […]

• 23 Nov 2020 2 min read

  Macau Property Opportunities rejigs management fee

  Macau Property Opportunities rejigs management fee – COVID-19 is delaying the realisation of the company’s assets. Macau Property Opportunities has been in realisation mode since 2016. During 2020 the manager has achieved asset disposals of the two remaining individual units in One Central Residences and two further residential units and a car park space in the […]

• 18 Sep 2020 2 min read

  Macau Property Opportunities updates on divestments and loan refinancing

  Macau Property Opportunities (MPO) has provided an update on its progress with its loan refinancing and portfolio divestment. To summarise, on the loan side, MPO has entered into a HK$540 million (US$69.7 million) five-year loan facility with Hang Seng Bank, while on the divestment side, MPO has entered into a provisional sale and purchase agreement […]

• 1 min read

  QuotedData’s morning briefing 18 September 2020

  In QuotedData’s morning briefing 18 September 2020: We have details of the GRIT Real Estate Income’s disposal of its stake in Anfaplace Mall, JLEN Environmental Assets acquisition of two hydro assets (one with a co-located battery storage asset), Macau Property Opportunities progress with its loan refinancing and its divestment of its remaining individual unit at One […]

• 15 Jul 2020 1 min read

  QuotedData’s morning briefing 15 July 2020

  GCP Asset Backed Income (GABI) said that so far, in the current financial year to 31 December, it has received all expected interest and principal on time and in full, while also generating significant fees from early loan repayments. In its outlook, GABI said: “The loan book continues to perform and the dividend remains fully covered. The […]

• 30 Mar 2020 3 min read

  Update from Macau Property Opportunities

  Macau Property Opportunities (MPO) released the following update on the impact of covid-19: “On 20 February, the Macau government lifted its 15-day suspension of casino operations. Whilst casino activity has resumed, tight immigration restrictions remain in force, which continue to impact the market. Visitor arrivals to Macau have declined by 57% year on year (YoY) […]

• 14 Jan 2020 4 min read

  Macau Property Opportunities reflects on growing optimism

  Macau Property Opportunities (MPO) has provided an update covering the six month period to 30 September 2019. Over the period, shareholders voted to extend the company’s lifespan by one year until the next continuation vote in November 2020, in order to enable an orderly ongoing divestment process. Revised fee structures for the manager and the administrator […]

• 11 Nov 2019 1 min read

  QuotedData’s other news 11 November

  In QuotedData’s other news 11 November – Civitas Social Housing (CSH), the real estate investment trust (REIT) dedicated to investing into regulated social housing across the UK, will report half year results for the period ended 30 September 2019 on Monday 2 December 2019. Yew Grove REIT (YEW), which owns a diversified portfolio of Irish […]

• 07 Oct 2019 3 min read

  Macau Property Opportunities reflects on tough year

  Macau Property Opportunities reflects on tough year – The value of Macau Property Opportunities’s (MPO) portfolio declined by 7.7% to US$311.1m, over the year to 30 June 2019. Reported figures for adjusted and IFRS NAV were down 17.0% and 23.7%, respectively. Mark Huntley, chairman of MCO, said: “The past year has unquestionably been challenging. We are also […]

• 24 Sep 2018 2 min read

  Macau Property Opportunities disposal plan is on-track

  Macau Property Opportunities disposal plan is on-track – Macau Property Opportunities Fund (MPO) reported on the progress of its gradual wind-up in its annual report for the period ending 30 June 2018. The chairman reported that the shareholders’ decision at the recent EGM to extend the company’s life until the end of 2019 placed them in a stronger position […]

• 05 Feb 2018 1 min read

  Macau Properties sells Senado Square

  Macau Properties sells Senado Square – Macau Property Opportunities Fund has conditionally agreed to sell its Senado Square retail redevelopment project to Ardent Success Limited and City Universe Limited, for HK$800 million (c. US$102.3 million. The sale price represents a premium of 14% to the property’s valuation of HK$703 million (c. US$90.0 million) as at 31 […]

• 28 Sep 2017 2 min read

  Macau Property Opportunities focused on sales efforts

  Macau Property Opportunities focused on sales efforts – Macau Property Opportunities Fund Limited has announced its results for the year ended 30 June 2017: Highlights: MPO’s portfolio value appreciated 9.7% over the year to US$425.7 million. Adjusted NAV grew 10.2% year-on-year to US$249.3 million, equating to US$3.26 (250 pence*) per share. IFRS NAV increased by […]

• 25 Aug 2017 1 min read

  Macau Property Opportunities escapes worst of Typhoon Hato

  Macau Property Opportunities escapes worst of Typhoon Hato – Macau Property Opportunities Fund Limited announces that the Company’s portfolio of properties has suffered minimal damage resulting from Typhoon Hato which caused widespread disruption and flooding in Macau on Wednesday. The company is fully insured for typhoon risk. The Manager has instructed the commencement of repair […]

• 29 Jun 2017 5 min read

  Miton Global discount narrows on strong performance

  For the year ended 30 April 2017, Miton Global Opportunities net asset value per share rose to 248.7p (2016: 182.4p), a total return of 36.3% (2016: 0.4%). The share price ended on an all-time high of 242.3p (2016: 164.3p), a total return of 47.5%. The fund has outperformed a number of other comparators such as the […]

• 03 Mar 2017 2 min read

  Macau Property Opportunities reports improving market sentiment

  Macau Property Opportunities Fund Limited has announced results for the period ended 31 December 2016. MPO’s portfolio value appreciated 2.9% over the six-month period to US$405.0 million. Adjusted NAV per share improved 2.4% in H2 2016 to US$3.03 (245 pence*) per share. IFRS NAV increased 4.2% to US$111.1 million or US$1.45 (118 pence*) per share during the […]

• 15 Nov 2016 1 min read

  UIL, Industrial Multi Property Third Quarter Winners – QuotedData

  LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]

• 22 Sep 2016 2 min read

  Gambling slowdown still weighs on Macau Property Opportunities

  Macau Property Opportunities Fund’s portfolio has registered a drop in value for the second consecutive year – a consequence of the continued decline in Macau’s gaming revenue and its slowing economy, largely attributable to China’s anti-corruption campaign. For the year in review (12 months to 30 June 2016), Macau Property Opportunities Fund’s portfolio of properties […]

• 14 Jul 2016 2 min read

  Lazard World Trust gets mixed results from China

  Lazard World Trust Fund reports that, for the year ended March 31st 2016, the fund’s Net Asset Value per share at the year-end was US$ 4.17 representing a total return of minus 8.04% since the prior year end. The fund’s benchmark, the MSCI All Country World Index, declined 4.3% over the same period while the fund’s reference […]

• 01 Jul 2016 3 min read

  Miton Global Opportunities flat after rollercoaster year

  Miton Global Opportunities has released results for the year ended 30 April 2016. The net asset value per share rose to 182.4p, a total return of 0.4% – there is no dividend. The manager says the company’s shares ended the financial year standing at an all-time high, moving from 162.75p to 164.25p during the year. […]

• 12 May 2016 1 min read

  Macau Property Opportunities’ Senado Square Project receives urban condition plan

  Macau Property Opportunities has announced that the Land, Public Works and Transport Bureau of Macau has granted an urban condition plan for the Company’s retail redevelopment project located in the Senado Square district of Macau. Senado Square is Macau Property Opportunities’ flagship retail development project. The company says that the project is well-located in Macau’s […]

• 18 Apr 2016 1 min read

  Best and worst performing investment trusts: Unloved commodity, Brazil and Russia funds finally come good

  Recovery in commodity prices has boosted investment trusts specialising in the sector Investors also hoping for Brazil revival if leader Dilma Rousseff is ousted Biotech and healthcare hit by fears Democrat party will squeeze drug prices if they win the US   http://www.thisismoney.co.uk/money/investing/article-3542148/Unloved-commodity-Brazil-Russia-funds-finally-come-good.html  

• 29 Feb 2016 1 min read

  Macau Property results reflect weak gambling market

  Macau Property Opportunities Fund has published its results for the six month period ended 31 December 2015. MPO’s portfolio value declined 12.3% over the period to US$405.7 million amid the slowdown in Macau’s economy driven by a weak gambling market which affected the property market. The adjusted NAV was US$245.5 million, translating to a per share value of […]

• 08 Jan 2016 2 min read

  Miton Global Opportunities underperforms in first half

  Miton Global Opportunities, formerly Miton Worldwide Growth Investment Trust PLC, has announced its interim results for the six-months ended 31 October 2015. During the period, the company’s NAV total return was -4.4% and its share price total return was -2.8%. These compare against a return of -3.6% on the MSCI world and a 1.3% return […]

• 05 Nov 2015 1 min read

  Macau Property Opportunities refinances debt

  Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, has announced that it has entered into a HK$282 million (US$36.3 million) five-year loan facility with Hang Seng Bank for its properties in One Central Residences. The new loan facility serves to finance the repayment of tranche 1 of the original loan which matures on 25 […]

• 24 Sep 2015 1 min read

  Macau Property Opportunities hit hard by gambling slowdown

  Macau Property Opportunities has published results for the year ended 30 June 2015. The adjusted NAV per share fell by 18.7% over the year as the portfolio value fell by 14% to $463.7m. The discount widened from 11% to 17% over the year and has widened further since – to 39% today. Assuming a full drawdown […]

• 27 Feb 2015 1 min read

  Macau Property Opportunities shrugs off falling NAV – looks to future

  Macau Property Opportunities results for the six months ended 31 December 2014 have been published. Over the period the fund’s net asset value fell by 3.6% to $4.71 on property valuations down 2.1% to $547.6m (on an IFRS basis, where assets held for sale are valued at the lower of cost and net realisable value, the […]

• 26 Nov 2014 1 min read

  Mixed results for World Trust Fund

  WTR : Mixed results for World Trust Fund World Trust Fund reports that over the six months ended 30 September 2014  its fully diluted net asset value in US dollar terms fell 0.2%, lagging the MSCI All Country World Index which rose 2.6%, though ahead of the MSCI All Country World ex-US Index which fell 0.5%. […]

• 21 Oct 2014 1 min read

  Macau Property spends $23.5m on house

  MPO : Macau Property spends $23.5m on house Macau Property Opportunities has bought a luxury private house adjacent to its existing investment, The Green House. Macau Property believes there is upside if they can convert the two properties into one single luxury residence, citing the scarcity of detached property in Macau. The house they have […]

• 08 Sep 2014 1 min read

  Macau Property Opportunities frees up $33m of cash

  MPO : Macau Property Opportunities frees up $33m of cash Macau Property Opportunities has refinanced some of its properties – debt facilities linked to One Central Residences and the Green House in Macao have been extended or renegotiated. the net effect is to free up $33m of cash giving MPO $55m of cash for future opportunities.

• 28 Feb 2014 1 min read

  Macau Property Opportunities : MPO – interims

  Macau Property Opportunities adjusted net asset value rose by 25.5% to $4.95 over the second half of 2013 as the valuation of its property portfolio increased by 24.7%. The disposal of the company’s Zuhai assets (announced recently) has added to the NAV since the year end. Shareholders did even better as MPO’s discount narrowed rom […]

• 24 Feb 2014 1 min read

  Macau Property Opportunities : MPO – disposal

  Macau Property Opportunities has completed the sale of its APAC logistics centre and Cove Residence properties in Zuhai, China for $65m. The price represents a profit of $29m and an IRR of 21%. Most of the proceeds have already been received but 10% will be held in escrow for six months.

• 14 Dec 2013 1 min read

  Miton Worldwide Growth : MWGT

  Half year results to 31 October 2013 show an NAV uplift of 6.5% and an increase in the share price of 5.6%. MWGT’s benchmark is the return on Sterling LIBOR +2% (equal to 1.3% over the period – so MWGT comfortably outperformed its benchmark). MWGT’s return lagged that of the FTSE All-Share and MSCI World Indices […]

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