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Delayed Quote. Delayed London Stock Exchange - 04/01 11:35:25 am
574.5 GBp   +0.09%
11:48a MILLENNIUM PTHO : Annual Financial Report
03/19 MILLENNIUM & CO : ex-dividend day for final dividend
03/17 MILLENNIUM PTHO : Disclosure of interests in shares
Analysis summary4-Traders Strategies 

Millennium & Copthorne Hotels plc : The GBp 455.4 support area is tested

11/09/2012 | 04:19am
Opinion : Bullish above GBp 455.4
Target price : GBp 491
Stop loss: GBp 437.6
Hotels, Motels & Cruise Lines

According to Surperformance rating, the company is an opportunity for a trading strategy. Moreover, brokers have revised upward their EPS estimates for this year.

Technically, the security fell sharply for several trading sessions. This fall has lead Millennium & Copthorne Hotels towards the GBp 455.4 support area which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the GBp 491 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest.

So as to make the most of a potential technical rebound of share price, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the GBp 518 resistance, with a potential gain of 10.7%. Investors should not insist under GBp 455.4 and are better to place a stop loss order under this threshold.

Millennium & Copthorne Hotels plc : Millennium & Copthorne Hotels plc : The GBp 455.4 support area is tested

© 2012

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Financial Ratios

Size 2015e 2016e
Capitalization 1 864 M GBP -
Entreprise Value (EV) 2 153 M GBP 2 077 M GBP
Valuation 2015e 2016e
PER (Price / EPS) 18,3x 17,1x
Capitalization / Revenue 2,12x 2,05x
EV / Revenue 2,45x 2,28x
EV / EBITDA 9,03x 8,25x
Yield (DPS / Price) 2,48% 2,60%
Price to book (Price / BVPS) 0,77x 0,74x
Profitability 2015e 2016e
Operating Margin (EBIT / Sales) 21,2% 21,8%
operating Leverage (Delta EBIT / Delta Sales) - 1,74x
Net Margin (Net Profit / Revenue) 12,9% 13,2%
ROA (Net Profit / Asset) - -
ROE (Net Profit / Equities) 4,50% 4,97%
Rate of Dividend 45,3% 44,4%
Balance Sheet Analysis 2015e 2016e
CAPEX / Sales   10,4% 6,32%
Cash Flow / Sales (Taux d'autofinancement) 24,0% 18,7%
Capital Intensity (Assets / Sales) - -
Financial Leverage (Net Debt / EBITDA) 1,21x 0,85x
Income Statement Evolution
More Financials
EPS Revisions
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