We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Carrots - "As I have said sailing to Green labeled destinations in the med and around the world is obviously what they will be planning"
This continues to be utter ramping nonsense. How can any cruise line possibly know 18 months from now which countries will be Red, Amber or Green. They have no idea. Yet they will be needing to create itineraries for cruises that far ahead and to secure port berths. The traffic light system is a complete nonsense for cruise lines. In fact a bit of a nightmare.
And again I will ask you, do you have any citation or anything in writing that confirms that cruise lines would NOT dock at ports in "Amber" counties? Unless you do, I choose to believe that they would just stay with the planned itinerary. I have yet to read any cruise line response to the traffic light system announcement.
Comical seeing Carrots just keep trotting out the same nonsense about cruise lines vs airlines here. Almost as if he's been given a script !
Fact remains that cruise lines are like rogue entities. They register themselves in off-shore tax havens so they don't have to pay US corporation taxes. Not something governments are happy about. Hence when the US government created it's $2 trillion CARES Act economic stimulus package last year, cruise lines were not included. The US gov allocated $500 billion of the money to large corporations like airlines, but cruise lines didn't get a look in. Consequently cruise lines had to go find their own funds and shouldered massive amounts of debt in the form of loans and bonds as a result.
Airlines of course WERE included in that bailout because of course they are part of the country's fabric and pay their taxes.
The powers that be have the cruise lines by the short and curlies. They issue the "no sail" orders and that cripples the cruise industry. Now any resumption of cruising will have to dance to their tune. The CDC Conditional Sail orders effectively force cruise lines to follow protocols that the CDC lay down. Such as the quarantining of all passengers to their cabins if a given threshold of Covid cases is reached on the ships and quarantining of individual passengers and their entire travelling party/group if one of them gets positive for Covid.
Of course this isn't a problem you get with airlines where your existence on the plane is just a couple of hours, rather than 2 weeks on a ship ! You don't get quarantined in some back room on an airplane lol!
The plight of the cruise industry will be a poor one for a long time to come because of the plethora of utterly Draconian restrictions and protocols that have to be put in place which are totally off-putting to the loyal customer base. Everything that was previously the heart and soul of a cruise is now gone except just bobbing up and down in the water of course !
Airlines on the other hand, are largely unchanged and well supported by the US government.
Clearly people will book in their droves, cheap flights to warm destinations when travel restrictions are lifted. They will be free to roam and enjoy a normal holiday. Cruisers won't have that freedom and can't even walk off the ships and will have to pay for expensive ship excursions to go anywhere which is not remotely what most customers want. A handful will put up with it, but the vast majority will not imo. Cruise lines will therefore continue to struggle and thus so will the SP. DYOR
mathsprof.
Maybe that was the case but the traffic light system details (that are very bad for the airlines) have only just been announced. As I have said sailing to Green labeled destinations in the med and around the world is obviously what they will be planning.
All IMHO.
... on this thread
EC. Your last post may well be true. However, many analysts believe this recovery is already factored in to the SP, and that $28 is about tops for the present. (Equvalent to around £17 at current trading patterns.) Indeed $28 has been quoted as a fair price for projected 2023 earnings.
mathsprof.
With the uk's very low covid rate and the USA vaccinations flying up in anout 2 months time I think the cruise liners will be back in business heading off to UK green labeled resorts. I think cruise holidays will benefit greatly from thise who do not fly.
All IMHO.
Just goes to show that using daily fluctuations in share price is perhaps not the best way to win an argument.
Such movements are generally meaningless unless accompanied by some actual news.
I think my real point is - this is a volatile share - 5% movemnets either way mean nothing!
Looks like thiscould be the gap fill down to ~1600.
mathsprof.
Yes, I see. Looks like some USA player can't see that cruise ships will benefit from all those holiday makers who decide not to fly, which will be mosyt of them?!!!
I really think I'm right so we wil see.
I have 2 tranches picked up in the last 3 weeks or so.
All IMHO.
Not now US opened
people that cruise ship holidays are goint to be fully booked cruising to those holiday destinations that will be designated green by the UK government. Airlines need the whole lot open, not just a handful of countries.
Sp does the talking.
All IMHO