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squeezetracker 242 posts  |  Last Activity: Apr 15, 2015 3:50 PM Member since: Apr 5, 2011
  • squeezetracker squeezetracker Apr 1, 2015 8:55 AM Flag

    Goos,

    SunCity and two other large, quality junkets just opened their new VIP salons at Altira, but neither MPEL nor any of these junket players have suggested they are "moving over" to COD Manila; instead, they are adding new VIP rooms to the newly opened COD Manila. Check out the recent information shared by MPEL regarding room counts and tables in use so far... they exclude the 300 VIP suites there and it appears the VIP tables are not yet in operation, at least not in full scale.

    The comapny has told the street MPEL's new VIP facilities at COD manila will open 2Q, so that will indeed be a substantial bump boost for overall resort GR and overall activity. All of Packer and Ho's connectivity will soon be dialed in... and so will Sy's pals and all of his billionaire offsprings' friends from around the globe as their collective interests in and around Manila Bay will be under development for the next 10 years or so at least... including COD's expansion phase and all of the surrounding commercial, residential and military base come together.

  • Reply to

    BUYBACK WINDOW Starts this Week

    by squeezetracker Mar 23, 2015 6:58 AM
    squeezetracker squeezetracker Mar 31, 2015 3:28 PM Flag

    30 days prior is the general safe harbor "quiet period", though this company has no established history on the question (their October and December purchases would have adhered to the safe harbor intraquarter, but year end has the HK listing requisite of annuial financial results review/approval by the BOD as alluded to top of thread.... That said, given that they typically release during the week after the month following calendar Q closes, they still have a few days left to buy before the 30 days window would come up with respect to say May 4th (a Monday)... obviously releasing on say May 6 or 7 would add flexibility on this topic... but there is no certainty that they intend to buy any shares this quarter, even though the upside catalysts for MPEL more than any other macau player (incl manila that is) are glaring... and the stock is trading 10% below their average cost of shares repurchased last quarter.

    But who knows, perhaps they have a strategic deal in the works that precludes any buybacks just now...

  • Reply to

    BUYBACK WINDOW Starts this Week

    by squeezetracker Mar 23, 2015 6:58 AM
    squeezetracker squeezetracker Mar 31, 2015 1:51 PM Flag

    MPEL has not yet done any buybacks since the prerequisite filing of the BOD review and approval of the "annual financial results" and the 30 day dark safe harbor period is coming up within days now... but given their appetite last Q and closing timeline to opening Studio City as well as the initial success at COD manila (even though they have yet to get going with SunCity and other large VIP tours there), that has been a surprise unless they had material news coming first. The filings this morning end that mystery: they just filed option grants and restricted shares totaling some 1.3m ADS shares granted to Lawrence and members of the BOD, citing de minimus thresholds as excusing the need for disclosure prior.

    Hard to blame them for wanting their options and restricted shares granted prior to doing any serious buybacks or issuing a proposal to raise the buyback authorization... but cheesy nonetheless. The timing will be complete if they get busy over the next few days.

  • Of all the jack#$%$ posts he's made here on a dozen or so aliases, here's the one that best exemplifies his purpose to do nothing except to make an #$%$ of himself... talk about ironic.

    "toast22342000 • Mar 14, 2015 10:13 AM Flag

    I can't imagine anything more humiliating for the cabal than having to reply using multiple aliases, most of which I have on ignore because they are used to make replies so idiotic their sole purpose it to act as a distraction."

  • Reply to

    Sleeves are coming off

    by jane_tate Mar 30, 2015 12:27 PM
    squeezetracker squeezetracker Mar 30, 2015 1:47 PM Flag

    The smart money has been buying all the way down from $36 and continues to add. We have too sub $24, but only small chunks -- hand over fist is not a phrase I'd use. But hey you little pos, long the core at $17 (before hedge offsets which would adj basis to below zero. Just put on pair trade with WYNN and MGM. Suk on that too.

    That you don't understand street terminology has been clear for over a year... even before we sold out at $43 in jan 2014 and then again at $43 on the next round trip trading allocation in March for the reasons I've made fun of you many times before on -- long before you asked for my help getting you a Barron's article two months ago before you jumped off the cliff head first (obviously you are not a serious player). As for the "ad hominem attacks"? That is all your little pants wetting toast/drjackoff/janetat... you are the one with the plea to not be so ad hominem. LMAO at you -- you little putz.

    As for box trades (which you had no idea about until i explained it so that even a moron could understand), very little shorting present here period these days as noted... but likely most of the 12m peanut shares short this name are precisely box hedges of three hedge fund mgrs long the name at 12/31/14. I'd make fun of your ignorance more, but go ask drjackoff what he thinks playing incomplete frogleaps with your matrixputz alias.

    Now is that you David Bain or what? Surprised Bain is not fired (yet).

    Here's the "toast blah blah blah" part:

    "toast22342000 • Mar 14, 2015 10:13 AM Flag

    I can't imagine anything more humiliating for the cabal than having to reply using multiple aliases, most of which I have on ignore because they are used to make replies so idiotic their sole purpose it to act as a distraction."

  • squeezetracker squeezetracker Mar 30, 2015 1:41 PM Flag

    I see drjackoff/toast/janetate is now using even his "I am an idiot" alias matrixputz again. too stupid. LOL

    That is the alias he says the stock was going to $75+ on last year while posting about 100 times that my PT was $50 -- which it was when I explained why we sold out the trading sleeve at $43+ in January 2014, and then reloaded at $38 to blow out again at $43, saying then that the stock was simply way ahead of the story.

    And while this dufus continues to suggest the analysts have been right since early 2014, Grant Govertson (Union Gaming) was the first analyst to pull down his buy to neutral -- and that was done in LATE JUNE 2014. Grant was early/coirrect then, and he will likely be shown to be early/right again as the sector is now washed out and the analyst group is the most negative I've seen in since 2008. LOL

    nutty stupid top watch the gymnastics of the toastdrjckoff/janetate "cabal" playing leapfrog with itself here... has anyone ever sold out even 200 shares based on his bs? LOL

  • Reply to

    BUYBACK WINDOW Starts this Week

    by squeezetracker Mar 23, 2015 6:58 AM
    squeezetracker squeezetracker Mar 27, 2015 9:36 AM Flag

    Shirley (aka toast, drjackoff and janetate et al) is back to using "sheethead" now..how apt. His little "cabal" that lives in that "glass house" of his casting "ad homonem" bs is ridiculous. Again, my favorite post of this moron:

    "toast22342000 • Mar 14, 2015 10:13 AM Flag

    I can't imagine anything more humiliating for the cabal than having to reply using multiple aliases, most of which I have on ignore because they are used to make replies so idiotic their sole purpose it to act as a distraction."

    As is obvious, his every post is solely for the purpose of divesion and trying to convince retail investors to sell out what 500 shares here and there? goofy...

    Here's the buyback math for those with something other than sheet for brains: MPEL took out $300m worth of shares at roughly $24/share -- roughly 12,000,000 shares, offset by stock option and restricted share issuance such that ADS outstanding prior to the program of call it 555m now stand at 544m shares -- a net drop of some 11,000,000...

    And no, it is not my buyback, the buyback is MPEL's Board od Directors, led by co chairmen and billionaires Packer and Ho's who now control some 68% or so of the company's stock. LOL

  • Shirley Mason (toast, drjackoff, janetate, idiotpumper, fkuimbecile, fkunyc, fkuholly, et al in the cork soaker “cabal”)… whil... LMAOe she wails "please refrain from ad hominem attacks” while throwing stones from her “glass houses” She even got out matrixputz and darqnite with her Sybil hat today. LOL

    But our all time favorite is still his hyping of IKGH from $9 down to $1 LMAO and this darling post.

    "toast22342000 • Mar 14, 2015 10:13 AM Flag

    I can't imagine anything more humiliating for the cabal than having to reply using multiple aliases, most of which I have on ignore because they are used to make replies so idiotic their sole purpose it to act as a distraction."

    What a little soaker of corks.

  • squeezetracker squeezetracker Mar 26, 2015 7:38 PM Flag

    goog title for the rest of the article, but fun to point out not a single word noted about Macau as the problem or target of bs money laundering or anything else... and as everyone can see in the Vegas data, none of these Beijing targets have played in Vegas since last july, again, the month former National security minister Zhou was taken down.

  • Someone ought to tell CNN's "crackerjack" reporter that the Beijing's "Foxhunt" has been seeking Xi Jinping's political foes (corrupt or perhaps not) here in the U.S. since Zhou was placed under PRC house arrest in late July 2014. These folks aren;t gaming anywhere anymore. LOL

    "Beijing believes at least 150 corrupt Chinese officials have fled to America, according to state media, and has sent U.S. authorities a list of the "priority cases" it is targeting.
    Since coming to power, Chinese President Xi Jinping has launched a massive anti-corruption campaign that has netted hordes of government officials and company executives. Critics say Xi is simply cleaning house and removing opponents, but the crackdown has continued to widen.
    A new effort launched last year -- dubbed "Operation Foxhunt" -- is targeting rich Chinese suspected of economic crimes who have fled abroad. China is trying to recover their illicit assets.
    The U.S. State Department confirmed Wednesday that China has sent lists of suspects to the U.S. China has also agreed to hand over more evidence on priority cases to help U.S. officials track them down, then prosecute or deport them.
    "We continue to encourage China to provide strong evidence and intelligence to ensure that our law enforcement agencies can properly investigate and prosecute cases related to the alleged corruption," U.S. State Department spokeswoman Jen Psaki said on Wednesday.
    Neither Beijing nor Washington have given details about the list of targets, though at least one Chinese citizen has already been arrested in the U.S. with China's help, according to the Department of Justice.
    Last week, Shilan Zhao, the ex-wife of a former Chinese official, was arrested in Washington state, on charges of immigration fraud and money laundering, the U.S. Department of Justice said in a statement.
    Zhao and her ex-husband, Jianjun Qiao, were charged with fraudulently obtaining visas through a popular immigrant investor program known as EB-5.

  • Checking the boxes with a big green felt tip marker...

    Macau's Diversification and Economic Development
    [MPEL] has long been a leader in supporting the Macau government’s goal of diversifying the city’s leisure and tourism offerings, through our strategic approach to emphasize diversified and leading-edge entertainment. As our current portfolio and upcoming additions fully demonstrate, we strive for a good balance between gaming and non-gaming facilities, and set high standards in innovative leisure and entertainment offerings as we create unique landmarks in Macau that attract new and returning visitors alike and substantially support local and international tourism growth. Part of our strategy also involves bringing many internationally-renowned brands and attractions to Macau which further contribute to developing Macau into a truly world class leisure, entertainment and gaming tourism hub in Asia. We continue to strive our utmost to enrich the local tourism and entertainment scene and achieve economic diversity in Macau.

    Employee Development
    Besides enriching the mix and variety of entertainment offerings in Macau, Melco Crown Entertainment also places priority on the development of our employees, as it is key to ensuring a sustainable future for our Company and Macau as a whole. We believe in life-long learning and personal development, as demonstrated by our in-house Learning Academy, allowing employees greater flexibility to achieve various qualifications for advancing their career. We also offer scholarships to our employees and their families to further their education. Internal career development is also a policy and culture of our Company. In the past six years, through meticulous planning, over 16,860 internal transfers and promotions have been offered. With competitive packages and career development opportunities, the future of our employees is in good hands.

  • Reply to

    BUYBACK WINDOW Starts this Week

    by squeezetracker Mar 23, 2015 6:58 AM
    squeezetracker squeezetracker Mar 26, 2015 1:58 PM Flag

    correction: the buyback done late last year were as high as $27+/share.

    Shirley Mason (drjackoff, toast janetate et al) tried to dis me on buybacks? Complete dufus... MPEL may wait for the 3 day safe harbor from last night's filings on the delisting and articles approvals and filing of the annual report, but if MPEL's BOD thought the stock was cheap up through late December between $27 and $22, it is cheaper today given the initial successes of COD manila now open and closing in on Studio City's opening of the first phase of that development. Old news, but the "expansion" or second phase of Studio City plans are likely under acceleration now as those doing serious study here understand.

  • Lots of fun reading in the reports filed last night in Hong Kong.

    Although opened just last month, COD Manila was named "Integrated Resort of the Year” award at the annual International Gaming Awards which recognizes the very best casino or integrated resort, judging by its facilities offered, customer services including quality and professionalism of staff working at the venue, games offered, atmosphere, style and design of building, which together make the resort an outstanding choice for customers. With the opening of City of Dreams Manila, we have brought our highly successful flagship brand City of Dreams outside of Macau for the first time, marking a key milestone as we endeavor to expand in Asia and beyond. "

    Lawrence Ho has also received several honors (e.g., CEO of the year) associated with his stewardship of Melco Entertainment. Good to have an important legacy/chinaman CEO running the company given the swirling policy topics there... and that Macau and Beijing officials are dialing into the realities of overzealous persecution of "corrupt" political foes of current Beijing regime. Haven;t heard much about Jinping's "Foxhunt" trophies lately, have we.

  • Reply to

    BUYBACK WINDOW Starts this Week

    by squeezetracker Mar 23, 2015 6:58 AM
    squeezetracker squeezetracker Mar 24, 2015 6:13 PM Flag

    In December, following the 3rd Q results and without the need for BOD review/approval of audited annual results, MPEL repurchased some $300m of stock beginning at $26 all the way down to $21 and back up to $24+ before fading the program for the Q.

    Assuming a typical release for the March Q in the first week of May, based on MPEL's activity in the 4th Q it is likely no coincidence that they will have something like 10 calendar days to repurchase shares between tomorrow's scheduled "approval of audited final results" for the year ended 12/31/14 before the 30 day safe harbor blackout period begins in the runup to earnings in early May.

    Delightful to think the morons shorting are selling to the company which is controlled by two young billionaires (Packer and Ho) controlling 68%+ of the company...and on their way to more as the HK constriction of at least 25% public float is blown off.

  • Reply to

    start giving face to Philippines

    by boiler_room_bermuda Mar 24, 2015 9:58 AM
    squeezetracker squeezetracker Mar 24, 2015 5:56 PM Flag

    MelcoLot is an investment sub of Melco development which is controlled by Lawrence Ho and his family, but the focus of that company, a separate and distinct entity apart from MPEL, is on smaller venues such as fringe Nothern China, Russia and maybe your "Barcelona" reference amongst others...

    As I wrote a year ago when a few here were suggesting MPEL was going to Vegas (they did not, but Packer's Crown has a flyer piece of dirt at the far end of the strip there now), MPEL's focus is not on these smaller and perhaps U.S. and other continent based venues. The spectacular and iconic Integrated Resorts that lawrence and james packer (Crown Resorts) are building under the Melco Crown Entertainment (MPEL) empire is all about "transformation properties" in the Asia Pacific... Tower 5 at COD Cotai, the expansion phases of Studio City on cotai and at COD Manila will fit that bill... and so will the framed up $5B Japanese venue should Abe and the posse in Japan greenlight such development.

  • WHERE PROXY BETTING IS ALL THE RAGE

    Delightful to point out that MPEL continues to work on "repurposing" Altira to focus on the "large, quality" (rules compliant tours with nothing to hide and consistently bringing in players who are not on the outs with Beijing and Xi Jinping's regime) VIP tours... because as much as the morons here continue to post drivel such as Shirley's "down the tubes" and dthe98/matrixputz's bs about "VIP is dead" and "VIP is never going to come back," everyone who can think and do basic math knows that the 7 largest junkets still control about 80% of VIP play on macau, and the little pissant junkets with funding issues and dubious players are what is dead.

    Meanwhile, Altira just opened two new floors at Altira (one of them for SunCity). Here's more:

    "Macau casino junket operator SunCity Group will open four more VIP rooms in Manila casinos by mid-year...
    SunCity, whose share of Macau’s VIP market has been estimated at between 25% and 30%, already had a presence at Bloomberry Resorts’ Solaire Resort & Casino. SunCity will be bolstering its Solaire presence as well as expanding to Melco Crown Entertainment’s recently launched City of Dreams Manila property.

    SunCity recently issued 200 shares of SC Group Manila to give investors... a piece of the company... The junket operator subscribed for half of these shares while the other 100 shares will be available to the public for the low low price of HKD 5m (US $645k)

    Proxy (phone) betting is becoming all the rage in Manila casinos [and soon] could represent “as much as 50% of VIP revenue in Manila, versus 5% to 10% in Macau.”

    That is how the Beijing pols can still play even in macau's spotlights... and PAGCOR (manila) likes proxy play! LOL

  • Reply to

    Weekly gaming data going down the tubes.

    by jane_tate Mar 24, 2015 1:12 PM
    squeezetracker squeezetracker Mar 24, 2015 3:42 PM Flag

    You are replying to the board's "Shirley Mason"/Sybil aka "janetate" "toast" and "drjackoff" here and on the ikgh board... and he also converses with himself on the IKGH board with those and several other aliases including brinerbriner, jugheadus and so on... he thinks he's convincing #$%$ to sell from what we can discern from his blithering "sky is falling" nonsense here. He is also so shallow as to feign pain at "ad hominem attacks" when he is the tart posting diversionary bs here all day long. Here is my favorite post of his of all time:

    "toast22342000 • Mar 14, 2015 10:13 AM Flag

    I can't imagine anything more humiliating for the cabal than having to reply using multiple aliases, most of which I have on ignore because they are used to make replies so idiotic their sole purpose it to act as a distraction."

    Funny as hell, right? And no, he decidedly does not understand fundamentals (or quant or techinical analysis or money flows)... but he has incessantly hyped buy buy buy on IKGH from $9 to $1, apparently without realizing how F stupid that is when he proclaimed he was "happy to finally be short" ( I think he meant on IQ) this at $25 and thinks this is a good short at $20.. while still hyping IKGH every day (still). LOL

    Special thanks to "marketmaker" and "puthimon" for calling him out on both boards... too funny.

  • Reply to

    MPEL coverage today...$32

    by lawstuff22 Mar 23, 2015 7:30 AM
    squeezetracker squeezetracker Mar 24, 2015 7:48 AM Flag

    Anyone who knows the Bernstein firm knows coverage pick up on the sector is interesting down here at washout levels.

    Notably, they view the U.S. gaming venues as oversaturated and pass on rating action for the U.S. listed stocks of the other three companies. In other words, they actually understand the business and ownership structures of these four companies and thus focus on MPEL, Sands Macau, WYNN Macau and MGM Macau.

    These write ups devote pages and pages of detail to attention to the benefits of MPEL's Manila and LVS' Singapore (MBS) footprints and emphasize the business plan focus of MPEL and LVS on mass play as the future of Macau. Lots of air devoted to the new properties being built by all four companies, too; nods to Studio City and Tower 5 at COD coming later this year and in 2017, respectively, as being locations of choice for quality mass visitors. NFS, but good to see they get it as they will create new looks at the stories.

    They rate both MPEL and LVS "outperform" (buy), but call the WYNN and MGM franchises "market perform" (neutral), relagated, as it were, to the unexciting bucket based on their continued relative reliance on VIP which is now running sans a lot of the weaker junkets and those players maintaining a low profile while the Foxhunt fades from the healines in favor of not "sacrificing" Macau tax collections any further.

    Frankly, the Bernsein sentiment and ratings for WYNN and MGM seem a tad harsh. All of the companies are washed out and stupid cheap down here unless one thinks there will be no recovery 2H15 and beyond. Still, MPEL is running 100% without comp rooms as the place of choice to stay and play, and clearly MPEL has the most catalysts and levers to pull near term, without the baggage of the U.S. venues where the business is increasingly about MICE in Vegas... and not much in the way of GGR beyond poker and blue hair slots anywhere Stateside.

  • squeezetracker by squeezetracker Mar 23, 2015 6:58 AM Flag

    Last Friday the company made the announcement below, following which, under the HK listing rules, they will be able to resume repurchasing shares with the residual $200m or so left under the first $500m authorization they issued last year. No one should be surprised to see MPEL spend that $200m soon after the meeting is adjourned... because they are assuredly considering re-upping the program with an additional $500m or so authorization to be approved by shareholders of record as of April 2 for this year's annual general meeting to be held another several weeks from then.

    NOTICE OF BOARD MEETING
    APPROVING FINAL RESULTS
    This announcement is made pursuant to Rule 13.43 of the Rules Governing the Listing of Securities
    on The Stock Exchange of Hong Kong Limited.
    Melco Crown Entertainment Limited (the “Company”) announces that a meeting of the board
    of directors of the Company will be held on March 25, 2015 (Wednesday) for the purpose of,
    among other matters, considering and approving the audited final results of the Company and its
    subsidiaries for the year ended December 31, 2014.

  • Reply to

    Buyback?

    by voof7 Mar 18, 2015 12:26 PM
    squeezetracker squeezetracker Mar 23, 2015 6:49 AM Flag

    huh? I'll suggest no one rely on anyone other than themselves... do your own assessment of developments and make thoughtful risk/reward based choices. This always has been and will be a speculative sector, but there is lots of money to made and it is easy to hedge in downside environments as discussed here many times over the last several years.

    As for buybacks, under the HK listing rules, companies can not buy back shares after their 12 month tear ends until they approve the 12 months ended financials statements. As discussed on the buyback thread i posted last week (clipped and refreshed), that BOD meeting to "approve" is this week.

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