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Closed at $14.15.
After Hours it's $14.27
12c
9p UP in the morning, like for like
Just for the record, I jumped back in, suffice to say, I have a lot of shares, and luckily I also sold Mobico just before it lost 10% today, and put that money into CCL as well, and then also didn't buy back all of my IAG shares, and put that extra into CCL as well.
In theory, with no bombs now, all travel should fly, or "sail.!" away.
Bot ,
🤣🤣🤣🤣 underwear older me haha 😂. What you like that is so funny 🤣.
It is picking up nicely in NSYE . We possibly can buy your new pair of underwear 🤣
We closed at $14.15
Yup, me too, CW, fun (spelt frustrating?) watching the price hop about, though, n’est ce pas?
B
A lot of patience required with this one. Holding long term, 2025/26, for some serious 💰💰
And clawed a little back at the end to gain 6.5p on the day.
B
And with that positive announcement, the share price…………dips again, having plummeted 30p when NYSE opened and picked up a little afterwards.
B
So looking at adjusted EBITDA we should be going from 4.2$ billion TO 5.8$ billion in 2024....
I guess this could grow again in 2025 to something like 6$ billion to 6.5$ billion with new ships, resorts etc..
Any thoughts or am I miles out ?????
Not to shabby.....
Carnival Corporation reported revenues at an all-time high of USD 21.6 billion (USD 12.2 billion). Adjusted EBITDA went from a loss of USD 1.7 billion last year to a profit of USD 4.2 billion. Ahead of 2024, the company sees its best booked position on record, for both price and occupancy.
Full Year 2023
Full year revenues hit an all-time high of USD 21.6 billion.
Full year cash from operations was USD 4.3 billion and adjusted free cash flow was USD 2.1 billion.
U.S. GAAP net loss of USD 74 million and positive adjusted net income of USD 1 million outperformed the September guidance range
The company made debt payments of USD 6 billion, reducing its debt balance by USD 4.6 billion from its peak in the first quarter of 2023 and ended the year with USD 5.4 billion of liquidity.
The company entered 2024 with its best booked position on record, for both price and occupancy
2024 Outlook
Adjusted EBITDA of approximately USD 5.6 billion, over 30 percent growth compared to 2023
Net yields (in constant currency) up approximately 8.5 percent compared to 2023, with full year occupancy returning to historical levels and nicely higher net per diems (in constant currency) reflecting continued strength in pricing and onboard spending
Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 4.5 percent compared to 2023
Bot,
It was the “raining in my heart” bit that I picked up on. We all keep thinking this share is gonna take off sometime. Seems stuck on the taxiway at the moment.
NatWest Divi next week.
B
B
Bhants.
It's impossible for me to sound like Betterlife.
I have underwear older than him.!
Agreed Elliot
For any other travel share Elliot, I might have agreed with you, although I haven’t looked. But you can never expect CCL to behave in any way logically.
Bot, you’re beginning to sound like Betterlife. Actually, it is raining here in Bhants land and has been most of the day so far.
B
Clearly I haven’t a clue
Another refinance saving €10mil per year, Iran responding with no retaliation (oil supply premium coming down as less supply risks) which in turn keeps rate cuts on the horizon
Because the sun is out, the sky is blue.......
oh, hold on, it's raining.........
maybe it's just raining in my heart
Why?
Looks like we'll see a very strong afternoon once NYSE opens up
Thanks YR, helpful.
Bot, I agree. That video was interesting when it talked about even larger ships -285,000 gross tons and 7,000+ pax. Can’t even begin to imagine what that would look like. For tge American market, I guess, not here.
B
On an approx. like for like basis, Royal and CCL borrowed approx. the same as a % compared to their revenue/nett worth etc.
So obviously in pure cash terms CCL's borrowing was more than Royals.
However as the article says, Royal makes more money per share than CCL does, and that's because of the streamlined nature of Royal vs the massive Overhead in CCL.
Royal are pushing the boundaries of ship building, bigger is better, cram on more guests, cram in more add-ons, increase revenue, therefore increase the profit to share ratios even more.
There is one big thing however that is obvious, Royal on a like for like basis are paying down their debt quicker, and again this comes back to the fact that they are making money money per share.
Unfortunately I couldn't buy Royal, as neither of my providers offered it, but CCL, will eventually win the race in my eyes.
The Brand exposures are much bigger and the market share much broader. In the end, this will help CCL when things become Business as Usual. BUT, CCL has to streamline, which I've said many times.
Whether that is by combining brands, which obviously would cost a lot of money to implement initially as they would have to repaint the ships etc. as well as all the stuff on the ships, or streamline the financial reporting, and therefore the management structures by combining the brands purely from a paper perspective, either way, they have to get their earning per share up.
That's most likely why there's volatility Bhants. The smaller the free float, the greater the volatility.
Apart from being pretty poorly written, there probably isn’t anything to disagree with.
However, why the market generally seems to dislike CCL so much is hard to fathom. 70%+ of CCL shares are held by institutions so are, I think, not traded. That’s what confuses me about volatility.
B
Any thoughts ….
https://invezz.com/news/2024/04/22/carnival-vs-royal-caribbean-which-is-the-best-cruise-stock-to-buy/
Royal Results Thursday
PCE Results Friday
American Airline Results Thursday
Botbot it could be something they bring in in the future as the retirement age moves further up