Last 575.00 GBp
Change Today -3.00 / -0.52%
Volume 15.2K
As of 6:03 AM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

millennium & copthorne hotel (MLC) Snapshot

Open
580.00 GBp
Previous Close
578.00 GBp
Day High
584.50 GBp
Day Low
575.00 GBp
52 Week High
09/3/14 - 614.00 GBp
52 Week Low
04/14/14 - 526.50 GBp
Market Cap
1.9B
Average Volume 10 Days
139.2K
EPS TTM
0.34 GBp
Shares Outstanding
324.7M
EX-Date
03/19/15
P/E TM
16.9x
Dividend
15.10 GBp
Dividend Yield
4.39%
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 incorporated in 1994 and is based in London, the United Kingdom. Millennium & Copthorne Hotels plc is a subsidiary of City Developments Limited.

Founded in 1994

millennium & copthorne hotel (MLC) Top Compensated Officers

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Executives, Board Directors

millennium & copthorne hotel (MLC) Key Developments

Millennium & Copthorne Hotels plc Recommends Final Dividend, Payable on 15 May 2015

Millennium & Copthorne Hotels plc announced that its board recommends a final ordinary dividend of 11.51 pence per share, giving a total ordinary dividend for the year of 13.59 pence per share. There is no special dividend. Subject to approval by shareholders at the Annual General Meeting to be held on 7 May 2015, the final dividend will be paid on 15 May 2015 to shareholders on the register on 20 March 2015.

Millennium & Copthorne Hotels plc Reports Unaudited Consolidated Earnings for the Fourth Quarter and Year Ended December 31, 2014

Millennium & Copthorne Hotels plc reported unaudited consolidated earnings for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of £229 million compared to £478 million a year ago. Operating profit was £81 million compared to £178 million a year ago. Profit before tax was £80 million compared to £179 million a year ago. Profit for the year attributable to equity holders of the parent was £44 million or 13.7 pence per diluted share compared to £147 million or 45.2 pence per diluted share a year ago. For the year, the company reported revenue of £826 million compared to £1,064 million a year ago principally due to the recognition of Glyndebourne revenue in 2013. Operating profit was £195 million compared to £294 million a year ago. The decrease was due to £139 million of operating profit being recognised in relation to the Glyndebourne project in 2013. Profit before tax was £188 million compared to £295 million a year ago. The falls were largely due to the previous year's recognition of results from the sale of Glyndebourne condominium development in Singapore, which yielded a revenue and profit of £274 million and £139 million respectively in 2013. Profit for the year attributable to equity holders of the parent was £110 million or 33.9 pence per diluted share compared to £224 million or 69 pence per diluted share a year ago. Net cash generated from operating activities was £281 million compared to £160 million a year ago. Acquisition of property, plant and equipment, lease premium prepayment and investment properties was £429 million compared to £173 million a year ago. RevPAR was £71.55 million compared to £69.58 million a year ago.

Millennium & Copthorne Hotels Mulls Acquisition

Millennium & Copthorne Hotels plc (LSE:MLC) is seeking acquisitions. Millennium & Copthorne Hotels said, “In 2015 the Group will continue to focus on ownership and management of hospitality real estate assets, and will commit significant capital to the refurbishment of key gateway city and other properties, further strengthening the business. The Group's strong financial position also enables it to continue seeking out attractive acquisition opportunities.”

 

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MLC Competitors

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Company Last Change
Flight Centre Travel Group Ltd A$42.83 AUD +0.49
Marston's PLC 154.20 GBp +1.30
Shanghai Jin Jiang International Hotels Group Co Ltd $2.26 HKD +0.03
Spirit Pub Co PLC 121.00 GBp +0.80
Hongkong & Shanghai Hotels/The $11.40 HKD 0.00
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Industry Analysis

MLC

Industry Average

Valuation MLC Industry Range
Price/Earnings 16.6x
Price/Sales 2.2x
Price/Book 0.8x
Price/Cash Flow 16.6x
TEV/Sales 2.2x
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