Member Info for Bhants

Only if you’re looking for a quick profit or need the money now. Like Bot says, if you’re in it for the long haul, just have to be patient.

B

Not a big enough event in the scheme of things. Carnival have something like 90 ships worldwide and only a couple of cruises cancelled.

TUI has bet big on cruising this year with a huge increase in capacity. Carnival, too, have a number of ships due for delivery over the next two years or so.

B

Morning Chaise,

See Bot’s analysis re average interest rate on debt. There do seem to be plenty of institutions willing to lend to them at competitive, fixed rates.

Carnival don’t hedge their fuel costs, they say, so they do recognise that fuel costs can be a “headwind” although they seem to have coped pretty well with fluctuations since the pandemic. Yes, margins on cruises are higher than package hols and they also announced in their last webinar that prices have been increased and bookings at near record levels.

Just waiting for sentiment )whoever he/she is) to catch up with facts.

Carnival are predicting a better Q2 result than Q1.

Hangin’ in there.

B

From what I can make out, Carnival’s performance does not directly depend on whether there is inflation or a recession or both - known as stagflation. The folks who go on cruise holidays are by and large (some of them very large indeed) immune because they have the money and will continue to use it. Many take a number of cruise holidays each year and not necessarily all with Carnival.

The CCL price does seem to get picked on rather more than others but I guess that is “sentiment”. Carnival do tout themselves in the USA especially as the biggest and best.

I am going to try and ignore the share price until we get back from our next one at the beginning of June. ?? No hope of that I suspect.

BTW, Carnival bought another 131,000+ shares on Thursday at an average price of £7.

B

Thanks for that - interesting that EBITDA is 50% of what it was but debt is 5 times as much and oil much the same price but perhaps a tad more volatile now. The fleet has grown substantially since then, too, revenue will grow.

As long as the deal/exchange is fair, I wouldn’t mind. Get a vote at the AGM that way, too!

None of this really explains the tanking, though, does it? The sp got up to £9.40 not so long ago and the essentials were hardly changed from now.

Let’s hope for better next week.

B

Thank you Mathsprof from me, too.

I suspect, though, that the number of shares in issue in the UK means that it will take yet a few or many more, years before they will delist.we can only hang in there……

Just as a matter of interest, do you happen to know what the US$ share price was when it was £50 here?

B

Totally unsurprisingly we are down a little over 2% just now - I would not be at all surprised to find Carnival hoovering up any shares that are offered today.

CCL never seems to have been affected by the oil price except negatively, as always. Like you say Bot, I found some fly droppings on the kitchen window cill this morning - but please don’t say anything as the share price will go down again.

B

Ah, I see - fully appreciate that! (Eventually, apologies for being so slow on the uptake).

FWIW, Carnival bought another 110,000+ shares yesterday. That’s getting on for 1% of the total each day they do it. And STILL the ruddy price tanks!

Still no logic.

B

And we were SO looking forward to meeting you on the next one, Bot!

Have as good an evening as you can in anticipation of goodness knows what tomorrow.

B

Tanked a bit on NYSE opening. Anyone heard anything?

I bet the day traders are loving it!

B

A number of us are in the same situation Garry. I know that isn’t much comfort right now but as K says, there is plenty of optimism - at leas at Carnival if not in the markets at present. A number of brokers have changed their recommendations from “hold”/neutral to “buy”, Wells Fargo being the latest.

Carnival bought another 111,000+ UK shares on Tuesday, so there must be the cash flow available to do that.

I have asked the CCO about the programme and its purpose without response so far.

Thanks for your encouragements guys!

B

And the point of your post is? Fortunately we live in a country where we are pretty much free to choose what we do and with whom we associate.

As for sign off, I’m just getting lazy.

But for you……..

Bhants

Thank you both.

B

Bot, I am looking at trades in CCL. My investment manager tells me the Stock Market is closed, yet in the ten minutes after 16:30 there have been a huge number of trades. How does that work? Are they instructions from earlier in the day but only being settled now? Very strange prices, too.

B

No problem. You have a fellow RR ex investor on here. I shall let him introduce himself!

B

Garry, if you go to Carnivalcorp.com or Carnivaluk.com you can subscribe to emails etc and also look at their SEC filings etc. They do have a plan for all sorts of things, including paying down debt. They have no intention of issuing new shares, in fact they have a programme of buying back UK ones. The debt arises from promissory notes mostly at fixed rates of interest. They also have a large revolving credit to assist with any cash flow problems. Debt is around 50% of net assets with a target of not exceeding 75%.

If you have the courage, CCL is a classic day-trading share. A number of us here, though, are in for the longer term, say two years or more, when we expect the SP to get back into double figures,

Hope that helps a bit. Others may disagree, of course.

B

Ken, that sounds pretty much like the share price movements, too.

B

Just got an announcement that CARNIVAL are applying to the FCA for the admission of100,000 shares for staff purchases.

B

Not sure what you mean A?

B

Sorry, have not done World Cruise. Only do one cruise a year usually so tend to splash out a bit.

B