Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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- Ann: FLLYR: MCK: MCK: FY2013 Results Announcement
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millennium & copthorne hotels new zealand limited
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Ann: FLLYR: MCK: MCK: FY2013 Results Announcement
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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- Release Date: 14/02/14 15:01
- Summary: FLLYR: MCK: MCK: FY2013 Results Announcement
- Price Sensitive: No
- Download Document 12.11KB
MCK 14/02/2014 13:01 FLLYR REL: 1301 HRS Millennium & Copthorne Hotels New Zealand Limited FLLYR: MCK: MCK: FY2013 Results Announcement MCK provides its audited financial statements for the period ended 31 December 2013, Chairman's Review and Press Release, the text of which follows below: CHAIRMAN'S REVIEW Financial Performance & Financial Position Millennium & Copthorne Hotels New Zealand Limited ("MCHNZ") has reported a profit attributable to owners of the parent of $27.1 million (2012: $46.1 million) for the year ended 31 December 2013. MCHNZ's revenue and other income for the year increased to $123.4 million (2012: $116.5 million). As in 2012, contributors to the 2013 profit were CDL Investments New Zealand Limited, its land development subsidiary and First Sponsor Capital Limited, the Company's associate company which conducts property development in China. MCHNZ's profit before tax and non-controlling interests was $41.1 million (2012: $59.6 million). The difference is due to a total of $19.0 million worth of one-off items which were recognized in 2012 mainly due to the Canterbury Earthquake. These items included a $18.4 million gain from the settlement of the material damage insurance claim for Copthorne Hotel Christchurch Central. Shareholders' funds excluding non-controlling interests as at 31 December 2013 totalled $466.4 million (2012: $443.3 million) with total assets at $719.2 million (2012: $686.1 million). Net asset backing (with land and building revaluations and before distributions) as at 31 December 2013 increased to 133.4 to cents per share (2012: 126.8 cents per share). New Zealand Hotel Operations Revenue for the operating hotels increased by 3% to $78.0 million (2012: $75.8 million) and revenue per available room (REVPAR) increased by 6% over 2012. Occupancy also increased to 67.7 % in 2013 (2012: 63.6%). Our hotels in Auckland, Rotorua and Queenstown performed better than our regional hotels during the year. Recent surveys have confirmed that visitor numbers are increasing, particularly from China and other Asian destinations and we expect current trends to continue during 2014. We are also starting to see increased numbers of North American visitors. Canterbury Update --Millennium Hotel Christchurch, a leased property, remains closed for the foreseeable future. Discussions between the landlord and the insurers have continued without resolution to the way forward on repairs to the building. The rent is current abated. Once an agreed plan for repairs has been formulated between the landlord and the insurers, we will be able to update shareholders and our stakeholders accordingly. --The demolition of Copthorne Hotel Christchurch Central is virtually complete and the site has been almost cleared of all debris. All claims relating to material damage and business interruption have now been settled with the Company's insurers. As at time of writing, the acquisition designation remains on the property pending final determination of Christchurch Central Development Unit's / Christchurch City Council's plan for the Town Hall and Arts Precinct. MCHNZ is optimistic that the designation will be removed in the near future which will allow MCHNZ to commence assessment of future planning for the site. CDL Investments New Zealand Limited ("CDLI") CDLI announced an increased operating profit after tax for the year ended 31 December 2013 of $13.4 million (2012: $9.3 million) and reported an increase in its section sales from 123 in 2012 to 202 in 2013 reflecting a positive market in general. CDLI increased its ordinary dividend to 2.0 cents per share from 1.7 cents per share in 2012. MCHNZ's stake in CDLI is currently 67.25%. Offshore Operations - Australia & China In Australia, short term leasing of the units at the Zenith Residences continued during the year with occupancy of over 90% recorded. While marketing of the units is ongoing, no sales were made in 2012. The Company's 34% associate, First Sponsor Capital Limited (FSCL), reported a net profit of S$ 29.4 million for the financial year ended 31 December 2013 (2012: US$24.3 million). The Company's share of the profit is NZ $9.8 million (2012: NZ$10.1 million). FY2013 marked the completion of the commercial component of the Chengdu Cityspring project. The entire Chengdu Cityspring project is thus deemed successfully developed and completed. The SOHO units that are available for sale are substantially sold while those currently available for rental are substantially leased as well. The first phase of the 196-room M Hotel Chengdu, which also forms part of the Chengdu Cityspring project, soft opened on 20 September 2013 and is managed by the M&C group. Phase two renovation work of the hotel comprising mainly certain ancillary facilities to the hotel will be completed in FY2014. FSCL will continue to evaluate the feasibility of embarking on phase three of the M Hotel Chengdu development which involves the conversion of existing bare shell commercial space into additional hotel rooms and ancillary facilities. As at 31 December 2013, the Millennium Waterfront project in Chengdu is proceeding satisfactorily. Of the 10 blocks comprising 1,618 residential units launched since 24 November 2012, 1,490 units have been sold either under option agreements or sale and purchase agreements, with approximately 79.2% of the sales proceeds collected as at 31 December 2013. FSCL has also commenced the sales of some auxiliary retail commercial units located in our residential project in June 2013, and sales have been encouraging. In early January 2014, FSCL made another sales launch of 376 residential units and 223 units have been sold either under option agreements or sale and purchase agreements as at 26 January 2014. Further development and sales launches will be phased according to demand. FSCL commenced the construction of a Millennium-branded hotel with convention facilities at Millennium Waterfront in June 2013, which will be financed by cash flows from residential sales. FY2013 also marked the successful restructuring of FSCL's real estate interest in Guangdong Province. In March 2013, FSCL disposed its entire equity interest in Fogang Cityspring project at a price of S$17.3 million and recognised a pre-tax loss of S$0.04 million. In September 2013, a mixed use Dongguan Humen development site which was under construction was sold to a PRC listed developer at a price of S$79.4 million and a pre-tax profit of S$28.3 million was recognized. In November 2013, FSCL disposed a substantial part of its remaining property interests in Guangdong Province, including its entire equity interest in the Lianzhou Cityspring project, and recognized a net pre-tax profit of S$6.3 million. FSCL ended FY2013 with property exposure of less than S$4.8 million consisting of strata titled commercial units in Dongguan Humen held for rental. This is the last property asset exposure remaining since the Cheung Ping Kwong crisis in FY2010. FSCL will look into new property development opportunities in Dongguan in FY2014. FSCL capital call The Company has received notice from FSCL of a capital call for March 2014. MCHNZ's share of this latest call is approximately NZ$60 million. MCHNZ intends to undertake a capital raising in order to meet this call. Further details in relation to that capital raising are expected to be announced later this month. The additional investment in FSCL will take the form of new preference shares in FSCL. MCK intends to provide its pro rata share of the required capital in order to maintain its percentage holding of preference shares in FSCL. After the issue of the new preference shares in FSCL (which is expected to occur in March 2014), the MCK group should remain at approximately 33.42% of FSCL. FSCL requires additional funding for further expansion, in particular the development of its properties in Chengdu, Sichuan Province, China. MCK applied for, and has been granted, a waiver from the requirement under Rule 9.2.1 of the NZSX Listing Rules to obtain the prior approval of MCK shareholders in relation to the additional investment in FSCL. NZX Regulation will announce that waiver decision today. The waiver was required because: --the MCK group will be providing funding totalling approximately 26% of MCK's current market capitalisation. The acquisition will therefore be a "Material Transaction" under the NZSX Listing Rules; and --MCK and FSCL are "Related Parties" under the NZSX Listing Rules as MCK, FSCL and a number of MCK's subsidiaries have some common directors. Dividend Announcement The Company has resolved to pay a fully imputed ordinary dividend of 1.2 cents per share (2012: 1.2 cents ordinary and 1.2 cents special dividend per share). The dividend will be paid on 16 May 2014. The record date will be 9 May 2014. Outlook With economic indicators pointing to growth over the medium term, the Company must ensure that it can take full advantage of increased business activity. The Board and Management expect that 2014 will be a profitable year. Management and staff The Board and I would like to thank the Company's management and staff for their efforts and dedication during 2013. Wong Hong Ren Chairman 14 February 2014 PRESS RELEASE MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND REPORTS 2013 PROFIT Millennium & Copthorne Hotels New Zealand Limited (NZX: MCK) today reported its preliminary results for the year ended 31 December 2013 and announced a profit after tax and non-controlling interests of $27.1 million (2012: $46.1 million) on total revenue and other income of $ 123.4 million (2012: $ 116.5 million). MCK Managing Director Mr. B K Chiu noted that the fall in profit reflected the difference between the one-off items recorded in 2012 mainly due to the Canterbury Earthquake. In 2012, there was a total of $19.0 million of one-off items which included an $18.4 million gain from the settlement of the material damage insurance claims with the Company's insurers relating to Copthorne Hotel Christchurch Central. "In 2013, we were pleased to see progress in increasing our operating hotels' revenue and their revenue per available room (REVPAR) performance. We also benefited from strong contributions from CDL Investments reflecting increased sales and confidence in the local property market and we also booked profits from our investment in China through First Sponsor Capital Limited", he said. The Group received $13.4 million from its 67% subsidiary CDL Investments New Zealand Limited which posted an improved profit over its 2012 results. First Sponsor's contribution to profit was of $9.8 million from sale of land and recognised profits on completed sales at its residential developments. MCK announced a fully imputed dividend of 1.2 cents per share (2012: ordinary dividend of 1.2 cents per share and a special dividend of 1.2 cents per share). The dividend will be paid to shareholders on 16 May 2014. The record date will be 9 May 2014. MCK advised that it had received notice from First Sponsor Capital Limited of a capital call for March 2014. MCK's share of this latest call is approximately NZ$60 million and the Company intends to undertake a capital raising in order to meet this call. Further details in relation to that capital raising are expected to be announced later this month. MCK intends to provide its pro rata share of the required capital in order to maintain its current shareholding in FSCL. MCK's current shareholding in First Sponsor Capital Limited is approximately 34%. Looking at the year ahead, Mr. Chiu noted that with New Zealand economic indicators pointing to growth over the medium term, the Company must ensure that it can take full advantage of increased business activity. Summary of results: --Profit after tax and non-controlling interests $27.1 million (2012: $46.1 m) --Profit before tax and non-controlling interests $41.1 million (2012: $59.6 m) --Group revenue and other income $123.4 million (2012: $116.5 m) --Shareholders' funds excluding non-controlling interests $466.4 million (2012: $443.3 m) --Total assets $719.2 million (2012: $686.1 m) ENDS Issued by Millennium & Copthorne Hotels New Zealand Limited Enquiries to: B K Chiu Managing Director (09) 353 5058 End CA:00247023 For:MCK Type:FLLYR Time:2014-02-14 13:01:49
Price at posting: 66.0¢ Sentiment: None Disclosure: Held -
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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