MCK - Millennium & Copthorne Hotels.

[jg8512]

Side question: does anyone know where I can find the terms and conditions of the MCK preference shares?

Disclosure: hold CDI not MCK

I had to email the company for it. could not find anywhere online

[greater fool]

In storage for later.....................

source............... https://www.sharetrader.co.nz/showth...l=1#post895391

you are incorrect here - MCK traded at 80%+ of NTA a couple of times over last few years. Hitting that same level today would reasonably put it over $4.

Plus this company is a very different beast today compared to even just 5 years ago, with residential land development now accounting for a large portion of its revenue & profits now (even pre covid).

also worth reminding for those that are unaware, back in 2015 MCK spun off its China operations and shareholders received shares in a new Singapore listed company (or were paid for their shares if they did not want to Hold them) - that is not reflected in the share price history.

I also don’t know why people malign the Sydney Zenith operations - MCK has had a handsome return from this operation in the form of consistent rent and also frequently selling off units at large margins compared to their initial cost.

[traineeinvestor]

MCK hotels main source of guests is from NZ, good number business travellers. China second.

NZX website

http://nzx-prod-s7fsd7f98s.s3-websit...074/189353.pdf

Didn't know that - thanks for the info.

[greater fool]

Content removed

[traineeinvestor]

See slide 10.

http://nzx-prod-s7fsd7f98s.s3-websit...704/323226.pdf

Once again, the resident lawyer fails to read the fine print.

(Sorry - more focused on CDI.)

[greater fool]

Content removed

[Sgt Pepper]

Ha. Not sure reading the MCK redeemable preference shares T & C's, is going to provide much enlightenment
on that subject

Did Millennium send out room discount voucher to their shareholders this year?
If so, I didn't get one.. poor me

[stoploss]

Did Millennium send out room discount voucher to their shareholders this year?
If so, I didn't get one.. poor me

If you book through the central reservations just tell them you are a shareholder . However sometimes the specials are better than the discount afforded to shareholders .

[Jay_]

If you book through the central reservations just tell them you are a shareholder . However sometimes the specials are better than the discount afforded to shareholders .

How does this even work? Do you need to own a certain amount of stock?

[stoploss]

How does this even work? Do you need to own a certain amount of stock?

They used to mail out a shareholder discount card , but with the advent of book a everything , air b n b getting 40% discount or whatever it was off the rack rate wasn’t that competitive . Never asked how many shares maybe a csn # , can’t remember .