Macau Property Opportunities (Ordinary Share) MPO

Property Direct - Asia Pacific

Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Add to Virtual Portfolio | Print page

Estimated NAV (p)

301.00

Share Price (p)

234.52

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Macau Property Opportunities (Ordinary Share) Price 125.77%
Macau Property Opportunities (Ordinary Share) NAV 90.57%
Shanghai Property Index 10.37%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 243.0p -19.3% 301.00p 314.00p
31 Mar
124%

Discrete performance % over

Fund / BenchmarkOct '11
Sep '12
Oct '12
Sep '13
Oct '13
Sep '14
Macau Property Opportunities (Ordinary Share) Price-7.1773.8539.89
Macau Property Opportunities (Ordinary Share) NAV13.2735.7223.96
Shanghai Property Index-11.1732.30-6.09

Discrete performance over

Discrete Performance

Top 10 Holdings

The Waterside One Central 56.00%
Senado Square, Macau 16.00%
The Fountainside 14.00%
Cove Residence 10.00%
The Green House 4.00%

Sectors weighting

Property - Residential 72.60%
Property - Retail 15.70%
Property - Mixed 9.80%
Net Current Assets 1.90%
  • Investment trust info:

  • Sector Property Direct - Asia Pacific
  • Launch Date 05 Jun 2006
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 234.52
  • Share Type Ordinary Share
  • TIDM MPO
  • ISIN GB00B1436N68
  • Shares Issued (M) 79
  • Market Capital (£M) 192.89
  • Gross Assets (£M) 296.47
  • Net Assets (£M) 239.01
  • TER (%) 2.98
  • Last AGM 06 Nov 2013
  • Next AGM 06 Nov 2014
  • Last Annual Report Date 24 Sep 2013
  • Next due Report Date 30 Jun 2014
  • Next due Report Type A/R
  • Objective:

  • To provide attractive shareholder return through investments in property opportunities, primarily in Macau, with a focus on properties that require refurbishment, redevelopment, change of use or repositioning.
  • Management Group(s):

  • Heritage International FM
  • Sniper Capital Limited
  • Managed by:

  • Martin Tacon Start: 05 Jun 2006
  • Thomas Ashworth Start: 05 Jun 2006
  • Management Contract & Fees:

    The Manager will receive an annual management fee of 2.0% of net assets. The Manager will be entitled to a performance fee of 20% of the excess of the Adjusted NAV per Ord at the end of the relevant performance period over the higher of (i) the basic performance hurdle (an amount equal to the US dollar equivalent of the Placing Price increased at a rate of 10% p.a.) (ii) the Adjusted NAV per Ord at the start of the relevant performance period; and (iii) a high watermark, multiplied by the time weighted average of the Ordinary Shares in issue in the relevant performance period. The contract will continue until the next discontinuation vote in 2016 or 31-Dec-16; whichever is earlier. The Administrator will be paid an annual fee of 0.1% of the NAV, subject to GBP 75,000 minimum. The Nominated Adviser will receive an annual fee of GBP20,000 and will receive a further GBP20,000 per annum for its role as broker.