MCK - Millennium & Copthorne Hotels.

[Vaygor1]

Not quite sure I understand - how would this work?

Your example uses solely the market cap for MCK's shares to arrive at $258M. I have no idea if that is the correct way to look at it, or if the market cap for their preferential shares (MCKPA, which are worth $3.20/share x 52.74 million shares = $169M) should also be added when comparing how the market is valuing the company in relation to its calculated/stated equity.

[BlackPeter]

Your example uses solely the market cap for MCK's shares to arrive at $258M. I have no idea if that is the correct way to look at it, or if the market cap for their preferential shares (MCKPA, which are worth $3.20/share x 52.74 million shares = $169M) should also be added when comparing how the market is valuing the company in relation to its calculated/stated equity.

Cheers - got you ... and you might well be right. Will have another look into that when I get around it.