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It is nice....I'll be here as long as the market looks good...
Love to see this climb :)
Yeah, I think now through the winter is best time for casino companies IMO...
Yeah , I was getting ready to buy at 15.00 and it started down with the market, so I waited untill bottom hit...GLTY
Glad I just caught the dip.... in at 7.82 looking good! :)
Not bad for friday...Down 6 cents....ZzzzzZZZzzZzZZ..
Yeah buddy, I love this stock...Been waiting a long time for a good entry on this... :)
MPEL...8.00 looks like great entry point to me...
anyone know what is going on with this stock....i have heard it is setting up for a plunge??
Melco Crown up on initiation at Outperform at Macquarie, resistance at $13.14 (TheFlyOnTheWall)
Jun 29, 2011 7:37:00 AM
news on yahoo just hit mpel is on the move on the hong kong exchange
i love it tomorrow or should i say today we gap up
Thanks for keeping me in mind Minddoc -- I think we see a double by Christmas - From someone living in this part of the world, I think this is the beginning of a VERY profitable summer gambling season in Macau.
FYI...
DJ MARKET TALK:Melco Crown May Beat Rivals To Cotai Via Studio City-CS
03/06/2011 11:06 | Galaxy Enter. Group
1006 GMT [Dow Jones] Credit Suisse's new pecking order in Macau is Melco Crown (MPEL), SJM (0880.HK), Sands China (1928.HK), MGM China (2282.HK), Wynn Macau (1128.HK) and then Galaxy (0027.HK). It keeps the first 3 at Overweight, the last 2 Neutral and starts newly listed MGM China at Neutral. "While MGM China, SJM, and Wynn Macau have all applied to the Macau government to start new projects in Cotai, we believe MPEL may surprise by opening a new project ahead of the three operators mentioned," writes analyst Gabriel Chan. Melco Crown is "likely to get Macao Studio City which, in our view, will be a powerful re-rating catalyst, countering concerns about the lack of future growth drivers." Macao Studio City is a third-party casino project for which MPEL obtained the rights to operate the casino business on a revenue sharing basis. The project has been on hold amid a dispute among its stakeholders. It raises target on MPEL to US$14.60 from US$12.70, without pricing in any earnings potential from Studio City or a new hotel tower at MPEL's City of Dreams property. MPEL closed 0.2% higher at US$11.84 in the U.S. Thursday. (kathryn.okeeffe@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
Thanks, Minddoc, I like the last paragraph, it says it all.
Wall Street Journal Article....
From below linked article:
Macau's May revenue was at the high end of a May 26 forecast from Bank of America Merrill Lynch for gambling revenue to hit between 23 billion patacas and 24 billion patacas last month. Analyst Billy Ng said the strong growth was partly due to the May 15 opening of Galaxy Entertainment Group Ltd.'s new casino resort in Macau's Cotai area.
"We see Galaxy Macau driving traffic and injecting new VIP liquidity, with growth in both mass (market) and VIP for the rest of 2011," Mr. Ng wrote.
http://online.wsj.com/article/SB10001424052702303745304576358614169648994.html
Macau May's gambling up 42%
Macau says gambling revenue surges 42 pct in May HONG KONG, June 1 | Wed Jun 1, 2011 12:39am EDT
HONG KONG, June 1 (Reuters) - Gambling revenue in Macau, the world's largest gaming market, jumped 42.4 percent in May to 24.3 billion patacas ($3 billion), the Macau government said on Wednesday, bolstered by unabated demand from mainland tourists eager to gamble in China's only legal casino destination.
Does anyone on this board know about the new casino that opened up recently on Cotai? Galaxy Entertainment GXYEF. I have been watching it and so far not much activity on message boards and stock market.
Today's doji is worrisome, but imminent MACD crossover negates much of my worry. I think we see a little downside, and then the crossover and a,great, summer of appreciation.
Good week for MPEL. Nice positive trending. I am in at an average pps of $4.30 and still holding LONG. Glad I held during that apparent shake out following earnings. Memorial Day Holiday on Monday so Markets will be closed here in America.
Good luck trading!
I can't believe the congruency of Your thoughts to mine. On the HK trades, today, Melco was the only gaming stock to finish green.
I think, that those who can stomach volatility, will be richly rewarded. Summertime is here, and I, DO, believe that there will be much action, during the next couple of months.
I am hoping for double by year end (if not sooner). I am overweight silver, and would like to deploy half of MPEL double into some gold and more oil and natural gas.
Your friend,
mark
I, too, was tempted to sell some MPEL early in the day, but did not. I made that mistake with LVS. Since I have a very good understanding of addictive behavior, I used the recession to load up on LVS because of it's depressed pps. Sold after doubling my money and then watched it go to $50.00+ a share! Started looking for another depressed gaming stock and found MPEL. Liked the fact that it was located in a dynamic and growing region that catered to a cultural population known for it's gambling propensity. IMO, we will continue to see the pps increase, but not without some pull backs. As Mr. Buffett says, invest in what you know. I know people who gamble will continue to gamble and will do so with increasing frequency as the economic environment improves. GLTA!!!
Not too bad, at all.
Was, sorely, tempted to sell some, at the open ( and deploy, elsewhere), but decided to hold all.
Most of my problems, in the market, have been selling, when I should have held.
It's 7:00 am, here in Japan, and I have to run.
Perhaps, when I return, I'll find some words, from You, as to where You see MPEL going, in the future.
Thanks, for being around, to engage in discourse with me, concerning my largest holding.
Your friend,
mark
Not too bad considering how the pre market reacted. GLTA!!!
Thanks, Minddoc.
They were down in Chinese trading today, and consensus opinion on the Yahe*l board is that they're gonna miss by a penny, in about forty-five minutes, further shredding my dilapidated portfolio.
Looking fairly strong since your post. Sentiment seems to be positive, but tomorrow morning will tell. GLTA!!!
Holding nearly a year now -- just discovered this board -- ANY thoughts on weakness leading up to earnings, would be GREATLY appreciated.
Many TIA.
mark
Here you go from today's PR....
Melco Crown Entertainment Announces Earnings Release Date GlobeNewswire
Melco Crown Entertainment Limited (Nasdaq:MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced that it will file its first quarter results for 2011 on Form 6-K with the U.S. Securities and Exchange Commission on May 19, 2011, to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Hong Kong Time).
nice we touched the 52 week high
mpel will be 15 dollars short term and we will see a 2 to 3 dollar pop in 1 day before or next week
can anyone tell me when earnings are im now hearing mid may
great news today why is the stock down also when is earnings being released is it thursday? or tomorrow
EARNINGS UPDATE: MELCO CROWN ENTERTAINMENT RELEASES ITS QUARTERLY EARNINGS ON APRIL 28, 2011 (MPEL)
ASIANS love to gamble this stock use to be in the 30's plus
this might go to 20 over next 6 months
its on a uptrend for months this one is ready to pop in a big way
I hope you are hearing correctly
im hearing 15 with earnings this coming week
Very quiet board here
Im on board
GO MPEL!!!
9.50 and to the moon.
SHould be Raised Again
Will follow LVS now
Melco Crown Entertainment Target Raised To $6.50 Vs $4.65
Last update: 10/21/2010 3:26:05 AM(END)
Dow Jones NewswiresOctober 21, 2010 03:26 ET (07:26 GMT)
Melco Crown Target Raised To US$6.10 Vs US$4.73 - Deutsche Bank
Last update: 9/27/2010 5:07:30 AM
Dow Jones NewswiresSeptember 27, 2010 05:07 ET (09:07 GMT)
Melco Crown Target Raised To US$5.00 From US$4.70 - Morgan Stanley
Last update: 9/2/2010 12:49:55 AM
I Agree Macau is the Place to Be right Now ;o) Shes Taken a little more Pullback than Expected(From me Anyway LOL!) But Earnings are right around the Corner! GLTU
Morgan Stanley came out with an important BUY recommendation today on MPEL with a short term objective of $7.00.
Cramer was touting this last week. That, plus the positive fundamentals, should continue to propel the upward movement in this stock. For those that aren't aware, the amount of dollars waged daily is staggering - in the multi millions. All of this bodes well for MPEL.
MPEL Annotated Chart
More charts on my chartlist
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3627543
Please vote if you enjoy them!
LOL!! Yes its been Uncommonly Quiet,Too Much Momentum in Macau for it to Stay Down here Too much Longer Tho!! GLTU
next run to $4.40 i'm getting out this stock is like watching paint dry does nothing good for me
Melco Crown Entertainment Raised To Neutral From Underperform By Credit Suisse - ...
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MPEL Operates in Macau China, a former Portugese colony. MGM, WYNN, LVS are all active there. Good luck to us all
PIPELINE:
Already opened: City Of Dreams, Altira, Mocha Clubs.
Development: Peninsula Macau Site, Macau Studio City
Currently trading at 8.5X EV of 2010 while others like WYNN trading at 17X, LVS 15X, MGM 12.5X
Largest holder.
MELCO INTERNATIONAL and PACKER about 30mln worthed of ADS shares but they are not converted to ADS shares. (That is the good thing, it is not trading in NASDAQ.)
LONE CAPITAL, 15mln shares.
Each ADS shares equal to 3 ordinary shares. MELCO INTERNATIONAL holds more than 90mln ordinary shares.
OUTSTANDING SHARES (ADS WORTHED including MELCO's ordinary shares) as of 2009 SEPTEMBER 30: 527mln
Authorised Shares: 1.5bln
MARKET CAP: 2.1 BLN
NET CASH: $685mln (as of September)
Q3 09 EBITDA: $55mln
Q4 predicted EBITDA: $75mln
Net income: (-0.05)
Short term Target Price: $5.5 (Early December)
Mid term Target Price: $7 (End December)
Long term Target Price: $10 (February 2010)
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