RE: DIVIDENDS26 Jul 2024 08:56
Badgerlips.
I can 100% guarantee that nobody can provide a guaranteed answer.!
Should it drop to £10. Absolutely not.
Can it drop to £10, absolutely.
The MM's can tank a share, easily 20% without any real justification, purely by "sentiment".
Carnival have started on a journey of streamlining, so hopefully that, with the additional ships, the extra private island volumes, additional onboard spend capabilities, that will mean more profits, therefore bigger debt repayment, and therefore lower interest repayments, which in turn means more profit etc. etc.
This drop, that just happened, should not have happened, but the reality is that this, along with all other travel stocks are prime manipulation stocks purely based on "what if's" rather than pure fundamentals.
Until all the debt is gone and they are back to normal debt levels of trading, across all the travel stocks, this is going to happen over and over and over again.
The good thing about day trading/week trading is that you could earn a few more shares for free.
However. There will be a point, with no notice, that this, and other travel stocks will just go ping, and not come back down. That may be next week, next month, next year who knows.
My honest 2 cents.!