RE: a pain in the ****…….but24 May 2024 10:58
Buy on bad news and hold, they say... I can't see this share producing a dividend again until its paid off a big chunk of its debt, but it does seem to be paying off that debt and is on course to recover. As long as Putin doesn't start sinking cruise ships or there isn't another lockdown, surely the only way is up for CCL in the long run? Pre-covid this was £40 with a 5.5% dividend and whilst I can understand folks looking to make a fast buck complaining, LTHs or Pension builders like myself have got to optimistic about this one, right? Buying in now for £10 and getting 5.5% if it goes back to £40, means every share purchased today, pays for itself after 4/5 years of dividends...
I've topped up and will be weathering the storm and praying we don't run into pirates!