Share Name Share Symbol Market Type Share ISIN Share Description
Millennium & Copthorne Hotels LSE:MLC London Ordinary Share GB0005622542 ORD 30P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 466.00p 49,938 16:35:28
Bid Price Offer Price High Price Low Price Open Price
463.50p 468.00p 475.00p 461.00p 461.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 997.00 106.00 13.10 35.6 1,513.3

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Date Time Title Posts
13/12/200621:12Moto Guzzi Mid life Crisis Thread2
22/5/200310:32The Millennium and Copthorne Thread3
26/10/200115:21Recovery play-

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Millennium & Copthorne Daily Update: Millennium & Copthorne Hotels is listed in the Travel & Leisure sector of the London Stock Exchange with ticker MLC. The last closing price for Millennium & Copthorne was 466p.
Millennium & Copthorne Hotels has a 4 week average price of 455p and a 12 week average price of 455p.
The 1 year high share price is 577p while the 1 year low share price is currently 448p.
There are currently 324,740,701 shares in issue and the average daily traded volume is 89,279 shares. The market capitalisation of Millennium & Copthorne Hotels is £1,513,291,666.66.
typo56: At the moment it looks like CDL's final offer may not receive the require level of acceptances by 1pm on Friday. Yesterday they'd received 44.2%. They need more than 50%. Where will the share price go if the offer lapses?
pennypunter: stock fall in the last hour pretty silly, investors seem to have seized on the comments about Singapore. He does tend to shoot himself in the foot does old Kwek, never totally upbeat always something to moan about. You never get the feeling this board wants the MLC price to go up. There had better be some dividend changes next year - hope co ditches its obsession with 2.08p ps.
deadly: Share price has fallen off a cliff this summer, but today's 3Q results are strong, and after the fall again today I'm looking to get back in: Third Third Reported Constant Quarter Quarter Currency Currency 2011 2010 Change % Change % RevPAR GBP69.41 GBP63.43 9.4% 7.8% ----------------------------------- ----------- ----------- ------------ ------------ Revenue - total 242.4 185.9 30.4% 27.8% ----------------------------------- ----------- ----------- ------------ ------------ Revenue - hotels 195.4 183.3 6.6% 4.5% ----------------------------------- ----------- ----------- ------------ ------------ Headline operating profit 79.0 38.2 106.8% 102.4% ----------------------------------- ----------- ----------- ------------ ------------ Profit before tax 69.3 41.7 66.2% 62.7% ----------------------------------- ----------- ----------- ------------ ------------ Headline profit before tax 75.9 35.1 116.2% 111.2% ----------------------------------- ----------- ----------- ------------ ------------ Basic earnings per share 18.4p
bigbertie: solomon9 glad you liked the hotel it's a "Grand Millenium" isn't it? - I hope I get the chance to visit sometime! Last NAV per share was 646p which is about 25% above the share price, and I think you are right about the market prices, so the asset values are bouying the shares up. It's hard to find closely comparable hotel cos but the price to book ratio of Whitbread (for example) is double that of MLC, which makes MLC still look cheap. Also MLC seem happy to sell assets sometimes to realise the value. On the other hand MLC dividend yield is lower than many other hotel cos, but it was halved in 2008 and is expected to start rising again this year, which will help the shares. All IMHO.
bigbertie: share price steaming ahead suddenly - can we expect some news? perhaps the land sale?
mkwng: FT newspaper, last week say: MLC share price will go down at future? but not sure, I will buy at 130-140p area. at today market, any low price will be..
rcturner2: Or maybe he thought the share price was going down?
bigbertie: It is a bargain. This years results will be boosted by the Seoul Hilton sale (even if it fails!) and the first glimmers of economic recovery will give the share price a sudden boost. But don't be too greedy - it will take a solid global economic recovery before the shares recover their previous highs! The recent Goldman buy rec had a target price of 320p, which is presumably the price they expect it to reach in the present economic climate. IMHO & DYOR.
bigbertie: I think it's simply that CDL's shareholding (over 50%) precludes any hostile bid, so there is little institutional stakebuilding when the price is low. However this years results will be good and I expect a surge in the share price when the global economic outlook brightens. Group REVPAR is holding up, debt is low, and a raft of new openings to come. I'm happy here!
bigbertie: dismal share price - I know there are worries about the global economy but MLC interims were good. Citigroup gave a sell rec a week ago citing weak REVPAR but the interims reported group REVPAR up in 2Q and again in July. This year will also get a boost from the Seoul Hilton sale. Oh well, I'm holding.
Millennium & Copthorne share price data is direct from the London Stock Exchange
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