Last 554.00 GBp
Change Today -29.00 / -4.97%
Volume 1.5M
MLC On Other Exchanges
Symbol
Exchange
London
OTC US
OTC US
As of 11:35 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

millennium & copthorne hotel (MLC) Snapshot

Open
593.00 GBp
Previous Close
583.00 GBp
Day High
602.00 GBp
Day Low
530.50 GBp
52 Week High
09/3/14 - 614.00 GBp
52 Week Low
04/14/14 - 526.50 GBp
Market Cap
1.8B
Average Volume 10 Days
334.3K
EPS TTM
0.66 GBp
Shares Outstanding
324.7M
EX-Date
08/13/14
P/E TM
8.4x
Dividend
15.10 GBp
Dividend Yield
4.56%
Current Stock Chart for MILLENNIUM & COPTHORNE HOTEL (MLC)

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millennium & copthorne hotel (MLC) Details

Millennium & Copthorne Hotels plc, a hospitality management and real estate company, owns, operates, manages, and franchises hotels. The company operates hotels under the Grand Millennium, Millennium Hotels, Copthorne Hotels, Kingsgate Hotels, M Hotels, Biltmore, and Studio M names in Asia, Australasia, Europe, the Middle East, and North America. It also owns and develops properties. The company’s hotel portfolio includes 114 hotels in approximately 70 business and leisure destinations. The company was founded in 1996 and is based in London, United Kingdom. Millennium & Copthorne Hotels plc is a subsidiary of City Developments Limited.

10,353 Employees
Last Reported Date: 02/20/14
Founded in 1996

millennium & copthorne hotel (MLC) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 1.3M GBP
Compensation as of Fiscal Year 2013.

millennium & copthorne hotel (MLC) Key Developments

Sean Collins to Resign as Senior Independent, Non-Executive Director of Millennium & Copthorne Hotels plc

Millennium & Copthorne Hotels plc announced that Sean Collins, senior independent, non-executive director, has informed the board of directors of the company of his intention to resign from the Board by the end of 2014. The effective date of such resignation has not yet been determined, but Mr. Collins is expected to remain on the Board at least through the announcement of the company's third quarter results on October 30, 2014. Mr. Collins currently serves on the Nominations Committee and the Remuneration Committee and as Chairman of the Audit Committee.

Millennium & Copthorne Hotels plc Reports Consolidated Earnings Results for the Second Quarter and Half Year Ended June 30, 2014; Reports Impairment Charges for the Second Quarter of 2014

Millennium & Copthorne Hotels plc reported consolidated earnings results for the second quarter and half year ended June 30, 2014. For the quarter, the company reported revenue of £205.3 million against £206.3 million a year ago. Operating profit was £42.5 million against £47.5 million a year ago. Profit before tax was £38.3 million against £44.8 million a year ago. Profit attributable to equity holders of the parent was £24.0 million or 7.3 pence per diluted share against £33.2 million or 10.2 pence per diluted share a year ago. EBITDA was £54.4 million against £59.2 million a year ago. For the half year, the company reported revenue of £380.6 million against £382.2 million a year ago. Operating profit was £64.7 million against £71.8 million a year ago. Profit before tax was £58.4 million against £68.6 million a year ago. Profit attributable to equity holders of the parent was £30.5 million or 9.3 pence per diluted share against £45.4 million or 13.9 pence per diluted share a year ago. Net cash generated from operating activities was £155.9 million against £70.4 million a year ago. Acquisition of property, plant and equipment, lease premium prepayment and investment properties was £277.5 million against £105.1 million a year ago. EBITDA was £89.7 million against £97.4 million a year ago. Revenue, profit and earnings per share decreased in the first half of 2014, compared to the same period last year, due to the strengthening pound sterling, challenging Asian markets - in particular Singapore - and higher costs. For the second quarter ended 30 June 2014, the company reported a impairment charge of £0.1 million compared to £0.2 million a year ago. It was made relating to interest on shareholder loans to the Group's 50% investment in Fena Estate Company Limited.

Millennium & Copthorne Hotels plc Declares Interim Dividend, Payable on October 3, 2014

The Board of Millennium & Copthorne Hotels plc has declared an interim dividend of 2.08 pence per share. The interim dividend will be paid on October 3, 2014 to shareholders on the register at the close of business on August 15, 2014. The ex-dividend date of the company's shares is August 13, 2014.

 

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Industry Analysis

MLC

Industry Average

Valuation MLC Industry Range
Price/Earnings 8.1x
Price/Sales 1.7x
Price/Book 0.8x
Price/Cash Flow 8.0x
TEV/Sales 1.6x
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