The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
30% off plus free corona yep that's a bad deal
on carnival.com if ur member like I am you get access to member deals up to 30% all of junes offers are sold out.
on every cruise its busier than you think.
It does appear that, no matter what the deal to get you on board, once there and a medical issue arises, then you are no longer at liberty to come and go as you please. That would worry me as I get fidgety after only a few minutes. I assume that like many other businesses they are waiting for the storm to pass, but feel that to get back to previous loadings will take years , unlike a restaurant that will probably be inundated once people have freedom again to socialise.
I think Carnival is literally dead in the water.
At the moment they have no assets, only cash burning hulks that will eat through their refinancing in no time. What seems to have escaped the notice of people is that a very sizeable chunk of the refinancing is going towards new ships and they are going to be the biggest nd most expensive white elephants in the history of man. (Exactly the same applies to Royal Caribbean et al.)
Some people seem to think that once this Corona Virus crisis is over and these ships start sailing once again, everything is going to be hunkydory. Wrong. I am no expert on the cruise industry but I do know they make their money at the margin and I would bet money that a ship sailing half empty of passengers will lose just as much money, if not more, than a ship laid up with a skeleton crew. It is going to take an awful long time for people to regain the confidence
in the overall safety of cruising and I write that as someone who enjoys cruising a lot. Their primary market - old codgers like me - are going to take an awful lot of convincing to get out the deck shoes again.
Another fundamental mistake was the purposeful decision to rely increasingly on the Chinese market. That was an understandable strategy on the part of the cruise companies' management but one that will come back to haunt them.
The problem as I see it no good news for a very long time best to hibernate for now
Matt re "nonsense they can get into business now and can test their clients $6 a pop they turn cruises into gold as the safest virus free place."
If you can successfully market that approach, then I think you'll make Bill Gates look like a pauper!
I agree to an extent - I’m with Danny and others on the longer term investment. The challenge is complex though. Do you let people off a ship to wander around crowded places as part of the cruise? That’s why I think they need the cash to last a year, and we need to hope a vaccine arises. Lots of companies are working on one. Not sure about BAT’s that can be grown in tobacco plants though!
Are these cruises where people don't ever actually leave the ship at a 'port of call' during the journey, where they can catch the virus during the trip?.
nonsense they can get into business now and can test their clients $6 a pop they turn cruises into gold as the safest virus free place.
As I understand, about a third of people on cruises are over 60 and until a vaccine is widely available CCL will lose many of these customers as they will not want to expose themselves to an environment where they're in close confinement with lots of other people. Secondly, until a vaccine is freely available, imagine what would happen should cruises start-up again and a case is detected 'on board' during a cruise !. Not trying to deter investing here, it's potentially a great investment but not for the fainthearted at the moment as who knows what else may yet come to bear (legal cases, etc.).
wolfie, the test everyone with $6 tests before boarding is an idea I hit the CEO with by email as im invested.
they then sell it as the safest place to be.
I have to say as both a reasonably experience cruiser and a long term shareholder the cruise lines are going to have to do something radically different (e.g. test all passengers before boarding?? and refuse entry to those who don't meet a health criteria) in order to attract back passengers in the numbers they have had in the past. I'm sorry to say but the cruise liner has justifiably (and unfortunately) gained the reputation of being "a floating petri dish (and *I speak from experience!)
They will not be top performers at all as they will not have a fleet to operate. At present the costs of just keeping the ships in port with fuel alone is huge, they will be running on at least 1 DG , on top of that maintaining pressure systems which simply cannot be turned off . I can see this company shedding at least one line , maybe Cunard and the gas guzzling QM2 with the sister ships. It will never be the same again , I am speaking from first hand knowledge here by the way . This company simply has too much overhead cost to survive IMHO . Unless it offloads it’s non US brands as well as Princess
Gower, If you think Cruises are bad.. then Flight, Buses, Trains, Music festivals all of these should be considered as Danger..
Compared to crowded London buses and training are more dangerous than the cruises and flights.. I hope you agree.
Gower, I don't disagree. It will be ages, at least a year, however they now have more than enough money to survive, and are discounted 85% from start of the year. That’s almost certainly the biggest hit of any company, even BA are only (!!) down 60%. Thinking long term if they get to half what they were in 3 years that will be a 300% increase, and it looks unlikely they will go bust.
Who are you trying to fool? Cruises are the worst place to be while this virus is still out there. People will either have to be vaccinated or immune to be allowed on cruises. Hopefully within a year.
In few weeks to months time, everything is going to be business as usual. Already many countries started operating the flights. Once the world gets used to this style of life.. Cruise is going to be a mega Holiday Winner.
With appropriate Discount, Marketing and right Management.
Cruise Holiday and vacations are going to be TOP Performers...
After few weeks to months of staying indoors.. People are going to do Crazy Booking... Stress Relievers :)