MCK millennium & copthorne hotels new zealand limited

Ann: HALFYR: MCK: MCK: 2015 Interim Financial Statements and media release

  1. Wheres can this UPI article be found that everyone keeps referring to??

    The Drudge report times out.
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  2. Looking for stoploss on line.
    AOTonline? Challenger.com? Any others? AOT seems reasonable, $33 trade, $49.95/month, free if more than 8 trades/month. If database isn't accessed then $0/month. Seems reasonable, any opinions?
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  3. 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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  4. =http://www.geocities.com/barrybolton187/lok.jpg>
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  5. =http://www.geocities.com/barrybolton187/lok.jpg>
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  6. not so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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  7. re: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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  8. re: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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  9. look who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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  10. re: not so stupid now**hey big ears**** You got me there big fella,
    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
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  11. Hotcopper has not changed in my absence....
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  12. There are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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  13. Load of crock? Load of crack more like.
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  14. Great user name, Colin.....where'd you pull that one from? Your behind?
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  15. sandune, you come across as being so deluded by hate.

    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!
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  16. Very direct, and good post. It's only others that will feel the shame for the directors TSS.

    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.
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  17. 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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  18. rogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
    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.
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  19. So you can see both sides of the story matty.
    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.
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  20. Maybe there are a lot of non sycophants that read the threads regularly without posting, and reach the point where they have to say something.
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  21. Agree seuss.
    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.
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  22. I know. Maybe I didn't explain myself very well.
    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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  23. I believe you'll find that we now have SUPPORT at 10c.
    Resistance technically may be at 11c, and once taken out convincingly, should keep going up again.
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  24. 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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  25. lightbulb Created with Sketch. 2
    • Release Date: 30/07/15 14:28
    • Summary: HALFYR: MCK: MCK: 2015 Interim Financial Statements and media release
    • Price Sensitive: No
    • Download Document  6.66KB
    					MCK
    30/07/2015 14:28
    HALFYR
    PRICE SENSITIVE
    REL: 1428 HRS Millennium & Copthorne Hotels New Zealand Limited
    
    HALFYR: MCK: MCK: 2015 Interim Financial Statements and media release
    
    MCK's 2015 H1 results for the period ended 30 June 2015 are attached to this
    announcement. These include:
    
    -NZX Appendix 1
    -(Unaudited) financial statements for the period ended 30 June 2015;
    -Chairman's Review;
    -Media Release.
    
    CHAIRMAN'S REVIEW
    Financial Performance:
    
    The Directors of Millennium & Copthorne Hotels New Zealand Limited ("MCK")
    announced an unaudited profit after tax and non-controlling interests of
    $12.01 million for the six month period ended 30 June 2015 (2014: $6.22
    million).  Profit before income tax and non-controlling interests was $20.38
    million (2014: $14.94 million).  The increase in profit was largely driven by
    improved operating performance at the company's New Zealand hotels generally
    and continued profitability from MCK's majority-owned land development
    subsidiary CDL Investments New Zealand Limited.
    
    Group revenue and other income for the period under review increased to
    $69.95 million from $67.41 million in the same period in 2014. Gross profit
    for the period also increased to $39.26 million from $36.37 million the
    previous year. Consequently, operating profit for the period increased from
    $17.38 million to $20.16 million.  Earnings per share also increased to 7.59
    cents per share (2014: 1.40 cps).
    
    New Zealand Hotel Operations:
    
    Reflecting the current level of business, total revenue for the New Zealand
    hotel operations (13 owned or leased and operated hotels excluding 8
    franchised properties) for the period under review increased to $44.68
    million (2014: $40.57 million).  Occupancy for those owned / leased hotels
    for the period increased to 78.2% (2014: 72.7%) across the Group allowing for
    the closure of the three Christchurch CBD hotels.  RevPAR also increased by
    15.8% from $81.80 in 2014 to $94.75 in the same period in 2015.
    
    Following on from increases in 2014, the increases in revenue and gross
    profit seen in 2015 confirm the benefits from the capital expenditure
    programme together with operational, sales and marketing initiatives and
    delivery across our hotels.
    
    Refurbishment of 41 rooms at Copthorne Hotel & Resort Queenstown Lakefront is
    in progress with a total refresh of those guestrooms.  The project is
    expected to be completed in the fourth quarter of this year.
    
    Last week, we announced the commencement of a significant refurbishment
    project for Copthorne Hotel Auckland Harbourcity.  This project, valued at
    over $40 million, is an exciting and strategically important project for the
    Millennium & Copthorne Hotels group globally and will include complete
    replacement of building services, completely new guestroom configurations and
    new reception and food & beverage areas.  The hotel will be closed until
    early 2017 while this work is being done.
    
    CDL Investments New Zealand Limited ('CDLI'):
    
    CDLI announced an unaudited operating profit after tax for the six months
    ended 30 June 2015 of $8.51 million, (2014: $8.22 million). Strong sales from
    its subdivisions in Hamilton, Hawkes Bay and Rolleston (Canterbury) underline
    CDLI's continued level of profitability and reflect current market
    conditions.  CDLI expects to exceed its 2014 results this year.
    
    Offshore investments - Australia :
    
    Occupancy at the Zenith Residences, Sydney remains steady at 97%. Good
    progress in resolving the litigation affecting a majority-owned subsidiary
    has been made during the year to date.
    
    Appointment of Aloysius Lee :
    
    In April, we welcomed Mr. Aloysius Lee, the Group Chief Executive Officer of
    Millennium & Copthorne Hotels plc to the Board.  As required under MCK's
    constitution, Mr. Lee stood for and was duly elected at the last annual
    meeting of shareholders and we look forward to his contribution to MCK.
    
    Outlook:
    
    MCK's results in the first half of 2015 reflect its renewed focus on its core
    operations of hotel management and property development and the Board welcome
    the continued improvements from the same period in 2014.
    
    With the significant refurbishment of Copthorne Hotel Auckland Harbourcity
    now under way, MCK's revenue for 2015 will be affected in part due to the
    reduction of revenue and profit previously available from that hotel.  Having
    said that, the Board currently believes that a similar result to 2014 is
    achievable from the remaining hotels as visitor activity remains positive and
    the hotels' performance continues to improve.
    
    Wong Hong Ren
    Chairman
    30 July 2015
    
    **Media release**
    30 July 2015
    MCK REPORTS STRONG INCREASES IN REVENUE AND OPERATING PROFIT IN FIRST HALF OF
    2015
    
    New Zealand hotel owner / operator, Millennium & Copthorne Hotels New Zealand
    Limited (NZX:MCK), today announced its (unaudited) results for the six months
    to 30 June 2015:
    
    --Average hotel occupancy across the Group 78.2% (2014: 72.7%)
    --Group revenue and other income $69.95 million (2014: $67.41 million)
    --Operating profit $20.16 million (2014: $17.38 million)
    --Profit before income tax and non-controlling interests $20.38 million
    (2014: $14.94 million)
    --Profit after tax and non-controlling interests $12.01 million (2014: $6.22
    million)
    
    MCK's Managing Director Mr. B K Chiu said that the result reflected the
    continued improved performance of the company's New Zealand hotel operations
    and land development activity through majority-owned subsidiary CDL
    Investments New Zealand Limited.
    
    "It is pleasing to be able to report further improvements on our 2014 and
    this confirms our current strategies of our short and medium-term capital
    expenditure programme dovetailing with our operational, sales and marketing
    initiatives in a fast changing market environment", he said.
    
    Mr. Chiu also referred to the major refurbishment of Copthorne Hotel Auckland
    Harbourcity which was announced last week.
    
    "It is an exciting as well as strategically important project for both MCK
    and the Millennium & Copthorne Hotels group globally.  The hotel's building
    services will be completely replaced, guestrooms will get a totally fresh and
    contemporary look and the hotel's public areas and food and beverage
    offerings will be very different".
    
    Mr. Chiu also spoke to MCK's prospects for the rest of the year.
    
    "We are currently working on delivering a similar result to 2014 even with
    one earnings-significant hotel less. It is achievable as our recent capital
    expenditure continues to deliver the return on investment coupled with an
    agile organization in a fast changing environment", he said.
    
    ENDS
    
    Issued by Millennium & Copthorne Hotels New Zealand Ltd
    
    Any inquiries please contact:
    B K Chiu, Managing Director
    Millennium & Copthorne Hotels New Zealand Ltd
    (09) 353 5058
    End CA:00267700 For:MCK    Type:HALFYR     Time:2015-07-30 14:28:37
    				
  26. tvp
    No answer from Arttse on that yet.......................
    Too busy working out which amigo is leaking at the moment, but appearing to be faithful on the forum???

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  27. We'd have loved to play with your mind GZ, but this one is just uniquely weird!

    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!
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  28. I am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)

    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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  29. I find that post rather repugnant and cynical cusox.
    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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  30. Shadow, that is bull dust, and you know it.
    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.
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  31. 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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  32. Announcement from ERM has made my day. :)

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  33. re: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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  34. tvp
    Maybe this sheds some light on it ............................
    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"...

    ---

    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

    ---

    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.......


    ---


    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.

    ---


    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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  35. I get your drift joewolf.
    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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  36. I reckon you should all get a life personally!
    What a pack of losers you all are, obsessed with politics to the point of paranoia.
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  37. At this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.

    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!
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  38. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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  39. tvp
    re: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!

    Salty - howsabout an email update please imo!!
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  40. What a fascinating thread reading back 3 months!

    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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