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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Millennium & Copthorne Hotels Plc | MLC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 687.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 687.00 | 687.00 |
| Top Posts |
|---|
Posted at 02/11/2012 23:07 by 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. |
Posted at 27/9/2012 19:15 by pennypunter which Spanish banks hold MLC? don't think there are any |
Posted at 23/9/2012 21:26 by ukjerry undercapitalised smaller Spanish banks are going to have to unload MLC soon to meet EC capitalisation requirements.Who will buy....? |
Posted at 26/3/2012 13:02 by no dice Any thoughts as to why MLC shares are trading at such a discount to net tangible asset value? |
Posted at 11/10/2010 09:07 by 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. |
Posted at 10/5/2009 22:49 by solomon9 suppose need to take the view that both NY and Singapore will look up later in 2009, obviously that will be too late to salvage the 09 numbers but going into 10 will be picking up steam. Good point is co is still profitable at this low ebb in global economy, but the issue is will pricing of hotel rooms hold up. MLC net asset value is 630p but board are so downbeat its hard to get too carrie away, limited short-term drivers. IHG report on Thursday might be poorly received. |
Posted at 27/4/2009 20:06 by sylvestris MLC does not have any hotels in Mexico so give it a break!Is this health scare being blown out of proportion as a good news story to build up? I think so. The evidence points to it having minimal effect in global terms. In any case MLC has no exposure at all to Mexico and is doing very well, 1st QTR results are out 6th May 2009. |
Posted at 03/4/2009 08:35 by solomon9 Q1 is traditionally the weakest QTR and MLC flagged at the analyst call that the Q1 will be weak, this is largely priced in, what is important is MLC sticks with £60m profit guidance for 2009. |
Posted at 24/2/2009 23:03 by solomon9 Fact is short-term outlook is poor and MLC has not quantified cost savings from recent 300 people restructuring.Co saved £19m by cutting dividend but has alienated clientele who want high dividends. Co surprised many holders by cutting dividend. Yes the stock is cheap measured by assets but increasingly discounts are being applied to book values of around 40%. Marked to marked asset value per share around 373p ps. Sad thing is in this very short-term market people sell first and ask questions later. MLC has left the impression H1 will be very weak. There appears very little reason in the short-term to jump in. Furthermore co is hoarding assets, not ever realising much for shareholders, Kwek is an empire builder and is never going to change course. This sort of approach only works in bull markets when everyone can talk about riing asset values. |
Posted at 27/1/2009 08:47 by scrapman FWIW , i am in Asia at the moment , and travelling around I am getting pretty decent feedback from staff at the various MLC hotels I have talked to. Also there was an article in a local Newspaper giving various hotels occupancy and revpar , looks as though MLC in KL has increased occ by about 9% and revpar by almost a quarter , combine this with FX gains and it "should" bode well |
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