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And then……. Suddenly, we are over £7.90! WTF is going on?

PS I am NOT complaining, just bewildered ??

Negative sentiment is right. Seems to prevail whatever the actual situation is. Carnival are managing their position, especially in relation debt, better than most and at 50% of assets it is well within their stated target of 75%. There was a small share dilution last year when more were issued at $9.95 when the price then sank to a little over half that. Two lots of Senior Notes to raise cash were over-subscribed by the institutions and yet still the negativity remains.

One of the major shareholders dropped their short position a few days ago, too.

Smacks of manipulation but with corporates holding over 50% of total shares, difficult to see how.

We do need a lot of things - but not that.

Another tanking after US opens.

This is getting ridiculous.

Ta, Topo!

You too. If it does break £8, I shall just be in the black - or, rather, blue. Anyway, not red!

It has, just, got through £7.90.

NYSE opens in a few minutes. Any bets on what effect that will have?

Struggling to break £7.90. One shorter has gone and one of the remaining reduced their position on Tuesday.

Total shorted is now <2%.

Dunno! Hovering, dipping and teasing…….

Agree - I shall have to learn the virtue of patience, I think!

Seems to be slowly clawing back earlier drops but still down on the day.

Not many shares are as volatile as this, even in the travel sector.

NYSE opens and the share price drops just over a percentage point, so now about 3.5% down on the day.

No one seems to have any explanation as to why - about the drop, resurgence and drop again earlier today.

PS have you not noticed how many cruises where you now have to get on an aeroplane first?

With the greatest possible respect, EC, that is not true. It would be illegal, apart from anything else.

Spoke too soon, seems to be another day of gain!

But, of course, cannot hang on to the gain……

Indeed they do.

Nudging upwards a bit now. As I write, £7.86

I also looked at Motley Fool. Miserable bugger who overstates his (negative) case and has exaggerated a couple of numbers, too, I think.

NYSE reporting does show a number of sales reported by the company’s General Counsel. Two comments: that is the person I would expect to file such reports. The number of shares sold in each transaction was in the hundreds leaving holdings in the tens of thousands so unlikely to affect the Share Price there or here.

Directors can obviously buy and sell BUT if they do either in the foreknowledge of some material event, that is illegal and will get stamped on pretty/very hard. Plus the consequential reputation damage to both Company and individual would be considerable.

Is that what Carnival Directors have been doing? I can’t find any reference to it happening and if/when they do, it has to be announced, I think?