Last 554.00 GBp
Change Today +4.00 / 0.73%
Volume 79.9K
MLC On Other Exchanges
Symbol
Exchange
London
OTC US
OTC US
As of 11:35 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

millennium & copthorne hotel (MLC) Snapshot

Open
551.00 GBp
Previous Close
550.00 GBp
Day High
558.50 GBp
Day Low
549.50 GBp
52 Week High
01/2/14 - 613.01 GBp
52 Week Low
06/25/13 - 505.67 GBp
Market Cap
1.8B
Average Volume 10 Days
112.6K
EPS TTM
0.70 GBp
Shares Outstanding
324.6M
EX-Date
03/19/14
P/E TM
7.9x
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 group, owns, operates, manages, and franchises hotels. The company operates hotels under Grand Millennium, Millennium, Grand Copthorne, Kingsgate, M Hotels, Biltmore, and Studio M names in Asia, Australasia, Europe, the Middle East, and North America. It also manages a portfolio of property assets. The company was incorporated in 1994 and is based in London, United Kingdom. Millennium & Copthorne Hotels plc operates as a subsidiary of Singapura Developments (private) Limited.

Founded in 1994

millennium & copthorne hotel (MLC) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 1.0M GBP
Compensation as of Fiscal Year 2012.

millennium & copthorne hotel (MLC) Key Developments

Millennium & Copthorne Hotels PLC Announces Resignation of KPMG Audit plc as Auditor

Millennium & Copthorne Hotels PLC announced that the statutory statement received from KPMG Audit Plc in connection with their resignation as the company's auditor. The resignation the orderly wind-down of the business by KPMG Audit Plc, with its audit activities transferring to KPMG LLP. This change is purely administrative and has no practical impact on the audit process. KPMG LLP will be proposed for appointment as auditor to the company at the Annual General Meeting on 1 May 2014.

Millennium & Copthorne Hotels plc Proposes Acquisition of Hotel in Rome, Italy

Millennium & Copthorne Hotels plc announced that it has agreed to acquire its first hotel in Italy. The purchase price is EUR 65.5 million, payable in cash at completion, subject to standard purchase price adjustments. Completion of the acquisition is expected to occur during the second quarter of this year, upon fulfilment of the contractual conditions.

Millennium & Copthorne Hotels plc Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Impairment for the Fourth Quarter Ended December 31, 2013

Millennium & Copthorne Hotels plc announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's revenue was £471.3 million compared to £203.2 million for the same period in 2012. Operating profit was £153.8 million compared to £46.5 million for the same period in 2012. Profit before tax was £167.7 million compared to £54.2 million for the same period in 2012. Profit attributable to equity holders of the parent was £150.0 million or 46.0 pence per diluted share compared to £45.9 million or 14.1 pence per basic and diluted share for the same period in 2012. For the full year, the company's revenue was £1,037.5 million compared to £768.3 million for the same period in 2012. Operating profit was £230.4 million compared to £139.7 million for the same period in 2012. Profit before tax was £263.6 million compared to £171.3 million for the same period in 2012. Profit attributable to equity holders of the parent was £228.5 million or 70.1 pence per diluted share compared to £135.0 million or 41.8 pence per diluted share for the same period in 2012. Net cash generated from operating activities was £106.3 million compared to £159.3 million for the same period in 2012. Acquisition of property, plant and equipment, lease premium prepayment and investment properties was £80.3 million compared to £55.8 million for the same period in 2012. Net cash at the end of the year was £81.3 million compared to £52.2 million a year ago. The company reported impairment charges of £20.9 million for the fourth quarter ended December 31, 2013 compared to £0.1 million for the fourth quarter ended December 31, 2012.

 

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MLC

Industry Average

Valuation MLC Industry Range
Price/Earnings 7.9x
Price/Sales 1.7x
Price/Book 0.8x
Price/Cash Flow 7.9x
TEV/Sales 1.7x
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