MCK - Millennium & Copthorne Hotels.

**BlackPeter** · 30-01-2017, 01:29 PM

Yes, it is a very tightly hold stock with a Chinese majority owner. Low liquidity and all these things, but still - isn't this uptrend chart a beauty? Based on last years profits it still looks reasonable priced (PE 10), but than - yes, it has a tendency to trade at much lower PE's ...

MCK.JPG

Discl:

holding (a small parcel);

**Toulouse - Luzern** · 30-01-2017, 02:32 PM

Originally Posted by BlackPeter

Yes, it is a very tightly hold stock with a Chinese majority owner. Low liquidity and all these things, but still - isn't this uptrend chart a beauty? Based on last years profits it still looks reasonable priced (PE 10), but than - yes, it has a tendency to trade at much lower PE's ...

MCK.JPG

Discl:

holding (a small parcel);

My favourite shape "left hand site of Rangitoto"

**mani99** · 14-02-2017, 10:24 AM

Just wondering if anyone has any idea as to why the uptrend for MCK this year? I don't see news that would be causing this.

Not that Im complaining, my holding is up :-)

**stoploss** · 14-02-2017, 10:39 AM

Originally Posted by mani99

Just wondering if anyone has any idea as to why the uptrend for MCK this year? I don't see news that would be causing this.

Not that Im complaining, my holding is up :-)

You haven't seen any news of the massive tourism boom ? Visitor arrivals continue to trend upwards as NZ is flavour of the month.

Here is an article from over a year ago .
http://www.stuff.co.nz/business/7544...-export-earner

**BlackPeter** · 14-02-2017, 10:56 AM

Originally Posted by stoploss

You haven't seen any news of the massive tourism boom ? Visitor arrivals continue to trend upwards as NZ is flavour of the month.

Here is an article from over a year ago .
http://www.stuff.co.nz/business/7544...-export-earner

This plus the fact that they hold a lot of CDI shares on their balance sheet ...

**mani99** · 14-02-2017, 11:35 AM

Originally Posted by stoploss

You haven't seen any news of the massive tourism boom ? Visitor arrivals continue to trend upwards as NZ is flavour of the month.

Here is an article from over a year ago .
http://www.stuff.co.nz/business/7544...-export-earner

Good point!

**percy** · 17-02-2017, 02:37 PM

Bingo.!!!!!!!!!!!!!!!!!!
Full house.!!!!!!
A Cracker.!

**BlackPeter** · 17-02-2017, 02:54 PM

Originally Posted by percy

Bingo.!!!!!!!!!!!!!!!!!!
Full house.!!!!!!
A Cracker.!

Indeed, was so happy with the CDI results that I nearly missed this beauty:

o Profit after tax and non-controlling interests $40.4 million (2015: $21.7m)
o Profit before tax and non-controlling interests $70.5 million (2015: $40.0m)
o Group revenue $172.0 million (2015: $136.5m)
o Shareholders' funds excluding non-controlling interests $489.1 million (2015: $389.3am)
o Total assets $713.9 million (2015: $590.0m)
o Earnings per share (cents per share) 25.56 cents (2015: 13.70 cents)

nice asset backing as well ...