Member Info for Bhants

Morning all,

We only need a factor of 20x more than it’s already done - +0.5% - to get to your 10% for the day, Bot.

Maybe, like my diet, it will start next week.

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

Thanks Thrifty, great being able to rely on you to put me straight. Apologies - what’s the controversial one being built in Shanghai?

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

NatWest have gone up a bit. CCL only down 3p on the day so not at all bad!

B

Yup, manipulation to the fore, again.

B

That is David Bernstein selling some of his personal holding. A drop in the bucket, frankly, so shouldn’t affect anything, but probably will.

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

Here we go tankety tank, here we go ……

Anyone else remember Andy Pandy, Teddy and Looby Loo?

B

Well, you were in the right direction, Bot! The US did not like that announcement at all, did it?

Has recovered a bit since.

B

Agreed, Bot.

The other interesting thing I had not noticed before is that the State or other area of incorporation is “The Republic of Panama”. Do you think that gives priority access to the canal?

B

A steady ish week preparing for a tanking this pm.

B

The institutions really seem to love CCL, Topo, but I would just add that I think they picked up most of their holdings as dilutions or capital raising post pandemic. It may be that they d that at a time when Carnival was still on its downslope so they could have paid $20 plus, which would mean they are still below par.

Having said that, they also love to lend them cash, too, at lower than market, fixed rates. Carnival announced in their Q3 results last year that they had refinanced to lower costs, saving over $100,000,000 PER ANNUM in interest charges.

I just struggle to understand what reg analysts don’t like CCL and always come up with something negative.

B

Ah, yes could happen any time! To any of us…….

Live in the moment, Bot, live In the moment!

B

Bot,

Old? I can give you 20 years, mate!

As I have said before I am in for the long haul - well, six months, at least. So, as the graffiti in the public loo said “Here I sit all broken-hearted, paid 2p and only ******”.

B

Morning Bot,

I sit here shamefaced (or is that s*it here same faced). NatWest ain’t gonna get another bailout are they? Their balance sheet is pretty strong and their Basel III stress test results were better than the required minimum so they should be able to withstand what is beginning to look like a bit of a tsunami.

Oh well. Be prepared for everything to go down the pan, I suppose, and be joyful if it doesn’t.

B

Just over 1% - good rise for a day.

B

What a crappy end to the week - 50p down in two days. 🙁

Have a good weekend everyone.

B