Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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CCL will do just fine when the mist clears, all major companies are feeling the pinch due to COVID but IMO CCL will carry on to whatever structure it needs to to overcome this awful period. People posting about jabs and boosters etc. but it will become clearer the closer we get to the summer as I've said before economy will win right or wrong ! I do agree though this year may still be very turbulent but no one knows how this will pan out but the likes of CCL who are a fantastic company will come through this its just when to buy and sell.
MrMagic you keep shouting from the rooftops about the ramper - at least I hope you aren't referring to everyone who says anything positive as one? You are quite the opposite - de-ramper extraordinaire. As I said, I will do my own research; judging from some of your comments, you need to go away and do a lot more research.
Like it or not MrMagic - the likelihood of cases on board are very slim due to the stringent requirements to get on board in the first place, combined with the restrictions on passengers, plus no ports (in the case of Carnival brands anyway). That isn't the same as saying there will be no cases - sadly illnesses happen everywhere, whether Covid or otherwise.
Perhaps you might care to read the Business update earlier this month - might give you some facts around future cruise credits/cash bookings?
Enough money to get by with No Revenue - the starter or test cruises are just that - I doubt they care about the revenue there - it's about instilling confidence back in the industry. There is plenty of demand too - they don't have that many ships to be filed right now and future demand is high. Finally, they only need to sail 25 ships at full capacity to break even - anything else is extra cash - yes, extra. That time will come. I will patiently wait for the day they hit £30 like many others - yes, it will happen, maybe not next week, or next month, or even next year but it will happen in the medium term.
Lastly, take a look at the chart again - unless you are in for the short term AND invested in the last month or two, you will probably be up. A bit of a pullback after a hefty rise is not unexpected. I'm not worried at all - in fact if there is further dip, I may even buy some more.
My only advice is do your OWN research. Yes, we can share resources and opinion here, however, anyone who takes it as financial advice is an idiot and deserves what they get. All IMHO
covid 19 cases rising in USA again
https://edition.cnn.com/2021/04/20/health/us-coronavirus-tuesday/index.html
similar story past week in UK cases are higher than last week
usa advising against travel to 80% of countries
https://www.bbc.co.uk/news/world-us-canada-56813852
Thriftygirl - "just need to wait a bit longer. Maybe 2 years? "
Yep. And in those 2 years the company will have haemorrhaged tons more money and maybe shouldered more debts and god forbid that any of these up coming test cruises (Seacations etc) end up with Covid on-board because the meia will be all over it and the SP will drop faster that a lead balloon.
Keithlard - "A recent RNS stated that bookings for 2022 are already ahead of pre-pandemic 2019. "
The vast majority of these will be people who were given Future Cruise Credits from previously cancelled cruises. They will be keen to get their monies worth from those credits. Using that as any kind of indication of genuine demand is disingenuous. People won't want to lose those credits and they have time limits attached.
Keithlard - " You can talk all you like about the share falling from £18 blah blah, this is a no-brainer long term. It was £30 per share before March 2020."
Comparisons with pre-pandemic time are not relevant and equally disingenuous. The company has shouldered immense amounts of debts since the pandemic started and has sold off lots of ships. It's never going to go back to £30 levels. It will just establish a new normal level for the company that it has now become. It is still haemorrhaging vast amounts of cash every month and I personally can't see that the cruises on offer today will ever sustain the business going forward. Too many past cruisers just are not interested in this new offering that has so many restrictions and which cuts out pretty much all of the things people chose a cruise for in the first place. It's going to be a very long hard slog to recover and will imo take years.
MrMagic I stocked up about a year ago so the price more than doubled before settling where it is. As Kenswyken said, most of us are cruisers and perhaps some are investors. EmeraldCarrots posts don't sway my opinion, I do my own research. With a hefty rise, dips are to be expected, rarely does a share price go straight up. Like it or not MrMagic, I am positive for the future, the time when I can go on a cruise ship again. The good times will return for cruising - I too am waiting for the time when we are allowed off the ship without an Escort; just need to wait a bit longer. Maybe 2 years? Seriously thinking about booking when summer 2023 gores on sale later in the year.
Mr Magic, another ramper here. A recent RNS stated that bookings for 2022 are already ahead of pre-pandemic 2019. You can talk all you like about the share falling from £18 blah blah, this is a no-brainer long term. It was £30 per share before March 2020. It makes a profit year-on-year under normal circumstances and with £9.5bn in the bank at year-end we'll weather the covid storm.
Thriftygirl, thanks I just read that today in the Liverpool Echo so hopefully they will update it.
It would be great to have British crewed vessel but unlikely rather East Europeans would do that work as they did in the restaurants before Covid.
Magic, you are just silly. Most folks who cruise and own CCL will have the minimum 100 shares or just a few hundred so ramping pointless. Personally, I’ve got a few hundred and the Wife 100 so no big deal if it moves up or down a quid or so, we just want to resume our cruises.
One can almost sense the desperation in the rampers here, clutching at any snippet or made up fantasy to try and plug the share for their own ends. Meanwhile, since the start of April the share has dropped from 1800 levels to the current 1580, a loss of some 12%. Hope Carrots and Co didn't sucker too many in. Cruise sector has years to go yet before any return to normality. It's not going to survive on the basis of the new "cruises that are not cruises" offerings.
Kenswayken it looks like the cruise ship schedule is dated 22 Feb 2021 (this predates the launch of the P&O/Cunard/Princess 'new' cruises. Hopefully they will update it soon.
The first PO cruise isn't until the end of June, so they hopefully have time to create a contingency plan. Maybe they will use some more UK crew - they will presumably require less crew if there are fewer passengers.
Liverpool Cruise terminal has issued a schedule of 30 cruise ship visits this season including some Fred Olssen turnaround voyages. Worryingly my P&O call is not on their list??
Not sure how they will crew these vessels. Take P&O, the vast majority of their hotel and restaurant staff are from India and the Philippines , both of which are on our Red List and both of which have rampant Covid outbreaks.
Several of these UK Coastal cruises start next month , it might be all self service! K
Mr Magic.
Thanks for this link:-
https://www.nation.sc/articles/8463/resumption-of-cruise-ship-calls-in-seychelles
Dated 6th April the article states it was ok for cruise ships to dock from 31st March 2021!
Yes, the naximum capacity of the ships was limited to 300, and probably still is............... for now.
Looking at the chart on the following link:-
https://edition.cnn.com/interactive/2021/health/global-covid-vaccinations/
The Seychelles are 4th in the World as far as jabs per 100 people go. Indeed their figure is 114 doses per 100 people. Clearly a lot have had 2 doses. Looking down the page it says 47.6 are FULLY VACCINATED and 20.7% partially. How long until all are 60%? Can't be more than 6 weeks I would have thought. Once 60% or so of the population are fully vaccinated I'm sure the huge cruise ships will be welcome.................... !!!!!!!
All IMHO.
lol Carrots on form as usual
https://www.nation.sc/articles/8463/resumption-of-cruise-ship-calls-in-seychelles
Resumption of cruise ship calls in Seychelles |06 April 2021
"Taking into consideration the associated risks of the Covid-19 pandemic, Cabinet approved that, as a starting point, only small, sustainable cruise ships with a maximum capacity of 300 passengers will be allowed to dock in Port Victoria and cruise in the waters of Seychelles. These ships will be on the luxury end attracting high-end clients with elevated spending power, thereby offering greater value addition."
"Cabinet further approved that, under strict guidelines, only a number of visitors will be allowed to disembark on certain designated islands so as not to disturb the environment and tranquillity enjoyed by the islands’ high-paying premium guests."
Max capacity 300 passengers !!! lol So basically super yachts rather than cruise ships.
https://edition.cnn.com/interactive/2021/health/global-covid-vaccinations/
Israel, Seychelles, Cayman islands, Bermuda, Malta, Maldives potential cruise ship destinations.
All IMHO.