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Millennium & Copthorne Hotels plc

MLC.L

Latest Trade

680.00GBp

Change

-5.00(-0.73%)

Volume

5,535

Today's Range

680.00

 - 

690.00

52 Week Range

428.00

 - 

690.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
685.00
Open
690.00
Volume
5,535
3M AVG Volume
2.90
Today's High
690.00
Today's Low
680.00
52 Week High
690.00
52 Week Low
428.00
Shares Out (MIL)
324.89
Market Cap (MIL)
2,225.49
Forward P/E
21.83
Dividend (Yield %)
--

Next Event

Q3 2019 Millennium & Copthorne Hotels PLC Earnings Release

Latest Developments

More

Millennium & Copthorne Hotels Says Applications To Be Made For Cancellation Of Listing Of Shares

City Developments Says OIO Pre-Condition Regarding Millennium & Copthorne Deal Satisfied

Millennium & Copthorne Announces Potential Sale Of Cincinnati Hotel

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About Millennium & Copthorne Hotels plc

Millennium & Copthorne Hotels plc is a global hospitality management and real estate group. The Company operates approximately 125 hotels in over 85 business and leisure destinations in Asia, Australasia, Europe, the Middle East and North America. Its geographical segments include New York, Regional US, London, Rest of Europe (including the Middle East), Singapore, Rest of Asia and Australasia. The Company's Millennium Collection includes brands, such as Grand Millennium Hotels and Millennium Hotels. Its Leng's Collection includes brands, such as The Bailey's Hotel London, The Chelsea Harbour Hotel, Grand Hotel Palace Rome, M Hotels, Studio M Hotels and M Social. Its Copthorne Collection includes brands, such as Copthorne Hotels and Kingsgate Hotels. The Company's portfolio of over 125 hotels includes approximately 65 owned or leased hotels, 40 managed hotels, 10 hotels that are franchised and 15 hotels held as investment properties.

Industry

Hotels & Motels

Contact Info

Scarsdale Place,, Kensington

+44.20.78722444

http://www.millenniumhotels.co.uk

Executive Leadership

Leng Beng Kwek

Non-Executive Chairman of the Board

Tan Kian Seng

Interim Group Chief Executive Officer, Chief of Staff

Jonathon Grech

General Counsel, Secretary

Eik Sheng Kwek

Non-Executive Director

Leng Peck Kwek

Non-Executive Director

Key Stats

4.00 mean rating - 2 analysts
Sell
Hold
Buy
Revenue (MM, GBP)

2016

0.9K

2017

1.0K

2018

1.0K
EPS (GBp)

2016

24.000

2017

38.100

2018

13.100

2019(E)

31.383
Price To Earnings (TTM)
60.45
Price To Sales (TTM)
2.24
Price To Book (MRQ)
0.80
Price To Cash Flow (TTM)
14.64
Total Debt To Equity (MRQ)
45.02
LT Debt To Equity (MRQ)
31.20
Return on Investment (TTM)
2.03
Return on Equity (TTM)
1.59

Latest News

Singapore's CDL makes fresh bid to buy rest of Millennium & Copthorne Hotels

Millennium & Copthorne Hotels Plc has agreed to be acquired by majority owner City Developments Ltd (CDL) in a deal that values the British company at £2.23 billion, the companies said on Friday.

CORRECTED-Singapore's CDL to buy rest of Britain's Millennium & Copthorne

Singapore-listed real estate firm City Developments (CDL) said on Friday it will buy the rest of Millennium & Copthorne Hotels Plc it does not own in a deal valuing the London-listed company at 2.23 billion pounds ($2.84 billion).

Millennium & Copthorne's profit, room revenue fall as renovations hurt

Britain's Millennium & Copthorne Hotels Plc said on Friday group revenue per room fell in the first quarter, as ongoing renovations kept its major hotels in London and Singapore partially or fully closed.

Millennium & Copthorne quarterly profit, room revenue fall

Britain's Millennium & Copthorne Hotels Plc said on Friday group revenue per room fell in the first quarter, as ongoing renovations kept its major hotels in London and Singapore partially or fully closed.

UK's M&C reviews 'earnings profile' to develop strategic plan as room revenue drops

Millennium & Copthorne Hotels Plc's (M&C) <MLC.L> new chief executive officer, Jennifer Fox, on Friday said she was reviewing the company's "earnings profile" and would develop a strategic plan after the hotelier was hit by lower room revenue.

British hotelier Millennium & Copthorne first-quarter rooms revenue falls

Britain's Millennium & Copthorne Hotels (M&C) <MLC.L> said group revenue per room for the first quarter fell 3.1 percent, blaming weakness in the hotel markets in London and Europe.

UPDATE 1-British hotelier Millennium & Copthorne Q1 rooms revenue falls

Britain's Millennium & Copthorne Hotels (M&C) said group revenue per room for the first quarter fell 3.1 percent, blaming weakness in the hotel markets in London and Europe.

BRIEF-Millennium & Copthorne Hotels reports Q1 Total Revenue 217 Mln Stg

* Q1 TOTAL REVENUE 217 MILLION STG VERSUS 223 MILLION STG YEAR AGO

Britain's M&C Hotels picks industry veteran Jennifer Fox as new CEO

Britain's Millennium & Copthorne Hotels <MLC.L> on Tuesday named Jennifer Fox as its new chief executive, tapping an industry veteran to replace Aloysius Lee who resigned last January.

BRIEF-Millennium & Copthorne Says Jennifer Fox Appointed As CEO

* JENNIFER FOX WILL BE JOINING COMPANY AS GROUP CHIEF EXECUTIVE OFFICER Source text for Eikon: Further company coverage:

Britain's M&C Hotels 2017 revenue rises, but Europe occupancy falls

Millennium & Copthorne Hotels reported on Thursday a 7.9 percent rise in annual revenue per room, helped by a weaker sterling and strong growth across its markets except Europe.

BRIEF-Millennium & Copthorne Says 2017 Revenue Rose 8.9 Pct

* EXPECTS TO MAKE SIGNIFICANT CAPITAL INVESTMENT FOR TRANSFORMATION TO REPOSITIONING OF HOTELS

Singaporean billionaire Kwek fails in attempt to acquire M&C Hotels

An attempt by Singaporean billionaire Kwek Leng Beng to take full control of Millennium & Copthorne Hotels (M&C) <MLC.L> in a deal valuing the business at 2 billion pounds collapsed after minority shareholders blocked the acquisition.

BRIEF-Singapore's CDL says M&C offer extended to Jan. 26

* UPDATE ON RECOMMENDED FINAL CASH OFFER FOR MILLENNIUM & COPTHORNE HOTELS BY AGAPIER INVESTMENTS LIMITED

Singapore's CDL will not extend M&C offer beyond January 26

City Developments Limited (CDL) said on Tuesday that it would not extend the offer period for its bid for Millennium & Copthorne Hotels (M&C) <MLC.L> beyond 1300 GMT on Jan. 26.

CDL hires Georgeson to woo investors in M&C Hotels bid - sources

The Singaporean billionaire trying to buy Millennium & Copthorne Hotels <MLC.L>(M&C) has hired advisory firm Georgeson to help to drum up investor support for the deal in the face of shareholder opposition that could derail the bid.

BRIEF-MSD Partners Writes to Independent Directors on Millennium & Copthorne Hotels deal

* MSD PARTNERS LP SAYS LETTER WAS PROVIDED BY SHAREHOLDERS IN MILLENNIUM & COPTHORNE HOTELS PLC TO INDEPENDENT COMMITTEE OF BOARD OF DIRECTORS

BRIEF-Millennium & Copthorne Hotels announces ‍extension of PUSU deadline​

* INDEPENDENT NON-EXECUTIVE DIRECTORS OF M&C HAD SOUGHT CONSENT OF PANEL ON TAKEOVERS AND MERGERS FOR EXTENSION OF PUSU DEADLINE

New York demand lifts hotelier Millennium & Copthorne's revenue

Millennium & Copthorne Hotels <MLC.L>, which has received a buyout offer that values it at 1.8 billion pounds from shareholder City Developments, reported higher nine-month room revenue due to strong growth in New York.

Takeover target M&C Hotels reports higher rooms revenue

Millennium & Copthorne Hotels (M&C), which has received a takeover proposal that values it at 1.8 billion pounds ($2.36 billion) from shareholder City Developments (CDL), reported higher nine-month rooms revenue boosted by strong growth in New York.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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