Millennium & Copthorne H... Share Discussion Threads

[bonzo1] 19/9/2008 11:03

they have decent freehold assets in asia-nav well above current share price. a sitting duck for a take-over. far too low.

[rcturner2] 18/9/2008 17:26

Maybe there is nervousness about dollar profits? The dollar could well weaken much more if this banking failure continues.

[bonzo1] 18/9/2008 14:41

why is it down 15p now?! 254p...

[bonzo1] 18/9/2008 11:21

nice spike in last 15 mins. Dirt cheap still.

[bigbertie] 17/9/2008 21:31

Steady price decline today - I can't see any particular reason, must be just general market gloom causing some selling? At this price good value IMHO.

[rcturner2] 17/9/2008 15:43

Well do they have the cash to do so? If not, they have to borrow, and most people are deleveraging, not the opposite.

[scrapman] 17/9/2008 08:42

Wonder why the main shareholder just does not take these out at 4 quid , and take them private ,must be like buying pound notes at 80p

[bonzo1] 02/9/2008 13:54

was very oversold and with IHG doing well, this had to follow suit. Also major beneficiary from weak pound.

[scrapman] 02/9/2008 09:13

5% on negligible volume , seems a little unusual

[bigbertie] 29/8/2008 21:08

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!

[scrapman] 27/8/2008 13:21

this is a strange one , nav almost a fiver , even allowing for the economy these are still generating cash , someone wants them cheap or there is some bad news about

[bonzo1] 27/8/2008 12:16

very quiet here, surely worth buying again below 300p!

[bonzo1] 20/8/2008 16:33

hope so, went below 300p today!

[bigbertie] 19/8/2008 20:42

Bonzo1 - it's nice to have some support! But seriously I think this one will come good.

[bonzo1] 19/8/2008 11:07

seems very unloved and is a quality company- hotel rooms in asia are booming aren't they. Strong dollar should also help. Also NAV is much higher than share price. Arabs are interested in some hotel groups- Morgan Hotels in US, should give some attention to UK listed hoteliers. Sharp fall today should be a good buying opportunity!

[bigbertie] 18/8/2008 17:40

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.

[scrapman] 11/8/2008 12:01

showing a pe of 6.7 and NAV of 5-16 seems grossly out of sync , even allowing for a downturn in the market

[bigbertie] 24/6/2008 11:14

They have just made £155 million profit (pre-tax) on sale of Millenium Seoul Hilton hotel. That should about double profit for the year (other things being equal).

[bigbertie] 22/5/2008 21:09

This really does look good value now - I bought recently but think I might add already - the market value is below NAV and I can't believe good hotel properties are going to crash in value (or even dip in value for any length of time).

[scrapman] 07/5/2008 08:43

am amazed by this , after good results and a great market share in the far east , and a good showing today by intercontinental , and still they don't shift

[backmarker] 25/4/2008 13:54

bounce on 400, right on the bottom uptrend line. the push is on.

[backmarker] 22/4/2008 13:51

Hit resistance at 442 again. A break through 444 would activate a new P&F target of 592, on top of the existing active target of 480. Come on now, one more push !!!

[scrapman] 17/4/2008 15:20

someone skewing the board on this , 2 x 50k sells at 680 ,