The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Bot,
IMHO I do not have a scooby, as they say. If I were to try, it would inevitably the opposite way.
Thatās just how it is, so I donāt do anything and try to tell myself that is a positive decision. š
B
Thanks TW.
Sadly, history shows that no matter how positive the results, statements and outlook from Carnival have been over the years since COVID, the immediate reactions are almost always a brief positive then a slide. Itās come a long way since the Ā£4.95 low, though!
Have to hope that this quarter is better received. Some one will inevitably focus on the debt.
2026 must big the big target, though, when they plan to achieve āinvestment gradeā.
B
Agreed, JD. But if they didnāt have a planā¦ā¦ what sort of company would they be?
There is one question, or more, that I have not posed on here before and it probably apply to a number of large, multinational companies.
How under control are the overheads? They have a huge set-up in Miami at he HO, who will b3 setting strategy and all sorts of important stuff but is it all really necessary? Do they keep it under review? There are some very fancy salaries (+ share options we have seen sold lately) being paid.
B
Who knows? Is the right question but the answer is totally elusive.
JD, if you read the reports and listen to output from Carnival, you will know they have a debt repayment strategy which will bring them to āinvestment gradeā status in 2026. That means that debt will be reduced, as as I understand it, to a level of less than one third of its current level of around $26 bn. I believe debt was about $5bn pre COVID. It would also mean they start paying dividends again.
The usual pattern is a large pre-results rise. Then, when someone ignores the results and
finds something negative to say, a trailing off. There is absolutely no logic to this because the company is either sound or it isnāt. The amount of sentiment behind SP fluctuations is enormous and ridiculous.
I think Botās longer-term prediction may be slightly optimistic but certainly possible.
B
Results should be on last Thursday of March.
Need to bear in mind, too, that the Bahamas Cay is getting two extra berths to allow four, yes FOUR, ships in at once.
Not for me!
Still on track to achieve investment grade in 2026. Patience needed.
B
I am not sure why you all sound so disappointed! We know perfectly well how this share behaves.
IAG produced better than expected results andā¦ā¦ā¦the share price slipped.
Following this day by day isnāt a great idea, unless youāre day-trading, which I donāt think many of us are.
B
Iād be quite happy with a 5% gain in the day. Experience tells me, though, that some of it will drain away before CoB.
Patience, patience. Itās a virtue, they say. Just wish I had someā¦..
B
We have had worse days! Everythingās pointing towards a good increase over the next week or two or six but I think your Ā£6 in five weeks may be a tad optimistic, Bot! Although if it isnātā¦ā¦
you could actually buy a P & O ship on the proceeds!
Have a great weekend everyone.
B
Itās the five senior execs, I think, selling some vesting options. In terms of their overall holdings they are very small numbers and it was all five days ago.
Still, we know how the markets takes any news from Carnival!
B