RE: UK vs US Close >> Wednesday17 Oct 2025 08:49
Blackjack.
It definitely wasn't on point yesterday.
My excuse was that I was tired after only 3 hours sleep..... but it's ok, I went to bed a 7pm last night and got up at 6am this morning, so I'm all good now.!
All the drops are concerns of the US bank adjustment where they took a hit, which has scared the market of a 2008 start again.
All of my bank/insurance shares are bright red today, and unfortunately for Carnival the GBP/USD exchange rate has got worse for us, so we're taking a double hit.
The reality is we've all been here before, this is purely market sentiment driven, Carnival has now proven fundamentals, so barring war or a covid event, this will be going up.
I still believe £25 for 2025 and £30 for 2026 end. The new ships, the new private island, the extension of the peer, the streamlining of the marketing, all positives that Carnival has never done before and will push them up even more.
If they continue they may well get the same boost like Royal did, which would put their share price at £60+ with the logic of the future revenues and EPS.
Either way, this is a short term blip I believe, nothing unusual in Carnival share world.!