Last 575.00 GBp
Change Today +11.50 / 2.04%
Volume 55.4K
MLC On Other Exchanges
Symbol
Exchange
London
OTC US
OTC US
As of 11:35 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

millennium & copthorne hotel (MLC) Snapshot

Open
575.00 GBp
Previous Close
563.50 GBp
Day High
589.00 GBp
Day Low
562.00 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
50.7K
EPS TTM
0.67 GBp
Shares Outstanding
324.7M
EX-Date
08/13/14
P/E TM
8.6x
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 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

Millennium & Copthorne Hotels plc Announces Board Changes

Millennium & Copthorne Hotels plc announced the appointment of Gervase MacGregor as a Non-Executive Director of the Company with effect from December 11, 2014. He will act as Chairman of the Audit and Risk Committee and is deemed to have recent and relevant financial experience. Gervase MacGregor has been a partner in BDO LLP since 1991, where he is currently the Head of International Advisory, Risk and Quality Services, specialising in forensic investigations and expert witness services. He has experience in the hospitality sector over the last 25 years, first as an auditor of international five star hotels and more recently in investigations and disputes in the sector. Sean Collins stepped down from the Board. Nicholas George was appointed the Company's Senior Independent Director.

Millennium Hotels to Open Three Properties in Muscat Next Year

In a first for the sultanate Millennium amp; Copthorne Hotels will unveil its Millennium Executive Apartments property with a global debut of its apartment brand in Muscat in 2015. The hotel chain will enter the Muscat market next year with the opening of three new properties. The operator will start with the global launch of its apartment brand first the 115-key Millennium Executive Apartments in first quarter 2015. Two other Millennium hotels will be added to the group's portfolio the same year with the launch of Grand Millennium Hotel Muscat in second quarter and the Copthorne Hotel Muscat in third quarter. Millennium Executive Apartments will be the first serviced apartment in the country to be operated by an upscale hotel chain. The segment currently is dominated by unbranded or local brand hotels. Features of the Muscat property include an all-day dining restaurant a casual caf© and access to a swimming pool and health club to complement the one to three-bedroom apartments ranging in size from 70 to 135 sq m. The Grand Millennium Muscat Hotel is a Sharia'a-compliant property offering 328 rooms and suites an all-day dining restaurant specialty restaurant tea lounge full-size indoor and outdoor swimming pools a luxury health club with a fitness centre tennis courts and extensive meeting facilities including a 1,250 sq m ballroom seven meeting rooms majlis and a VIP room. The hotel is connected to the adjacent Muscat Grand Mall via a dedicated sky bridge.

Millennium & Copthorne Hotels plc Announces Executive Changes

Millennium & Copthorne Hotels plc (M&C) announced that Mr. Aloysius Lee Tse Sang will join M&C as the next Group Chief Executive Officer (CEO) in succession to Mr. Wong Hong Ren. It is anticipated that Mr. Lee will assume the role of CEO and join the Board of Directors of M&C on 1 March 2015, after serving as CEO designate from 1 February 2015. It is further anticipated that Mr. Wong will continue in his present management role until 28 February 2015, when he will step down as CEO and from the Board. Mr. Lee's management career spans the Leisure, Information Technology/Telecommunications and Real Estate sectors. He is currently CEO of South Beach Consortium Pte Ltd.

 

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MLC

Industry Average

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