The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Bot,
Should one ask “what has changed since the price was £12.60”? In truth, not a lot - some situations have deteriorated/escalated but nothing you wouldn’t have expected.
Like you, i definitely think the price will go up - or down.
B
The clue is at the beginning. This replaces the same document that is about to expire. NOTHING HAS CHANGED. Except of course the mm’s take any chance they get.
All Companies with shares trading on the NYSE or other platform have to have one of these documents, is my understanding. Probably wrong.
B
Probably because NCL’s sister brands shore things up. They don’t have a good reputation, though. Folks I have spoken to who have tried them say that’s all they will ever do - i.e. one time only!
Oh well, we just have to get used to tge idea that sentiment is against CCL whatever they announce!
Back to me modelling - trains, not the catwalk - trying to solder myself to some bits of brass!
Have a good weekend all.
B
I have just noticed that CCL filed their Annual Report (up to 30th November 2023). It was notified at 15:15 our time so that explains the mini tank this afternoon. The day that Carnival report results and the price doesn’t plummet soon after will be a red-letter day!
Have a good weekend all.
B
That’s the one! Vista Class, so not the largest but it is intended for the Chinese market in a new joint venture called CSSC-Carnival, hence the controversy - partnering with a Chinese company.
As Thrifty said below, one cruise cancelled will damage the shipyard’s reputation more than Carnival’s and is less than a drop in the bucket money wise.
B
That is the new ship being built in Shanghai, I believe. But the delay of one new ship, and the consequent loss of revenue, is nowhere near enough to justify the price drop.
More game-playing and anti-CCL sentiment.
B
Hi Topo,
I am well above my average, too - 46% apparently so I probably just sound greedy. It isn’t that at all, though. No one seems able to explain the fluctuations or their perverse directions. I have always said I am in for the long haul, although as days go by, that must be getting shorter.
My bête noir, NatWest, looks to have picked up a bit - kiss of death?
B
Bot,
There isn’t any way you hand crank the price back up again , is there? Once more I totally fail to understand how good news brings a price drop - other than the fact that it’s CCL, of course.
As I understand it, the wars and their consequences mentioned below have already been priced in.
B
There’s a report in The Times today - Bigger is Better for cruise liners. Focus is on RCL’s new ship Icon of the Seas - 7,600 passengers, 2,500+ crew, five times as big as Titanic, LNG powered and the top suite costs $75,000 for a week on three floors and sleeps eight.
The report says the recovery in RCL’s share price is mainly down to their exploiting short (one week) cruises in the Caribbean. American spending is up hugely followed by GB. “Wave Season” (whatever that is) bookings are up and improving. Average age of GB cruise passenger is 56, American 47.
Our next door neighbours are on Arvia in the Caribbean for the next two weeks. First time on a cruise and they are early forties.
The future looks a bit brighter…..
Link to the article:
https://www.thetimes.co.uk/article/bigger-is-best-for-cruise-liners-recovering-from-depths-of-covid-r0ql8lqbg
B