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As you say even if they have some ports to operate from, the risk of having just one infected person on board will be unthinkable as the worlds press will be all over it.
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Let's see how the UK Government develops the advice following the Air Bridges. On Tuesday the Government provided the following details, given Portugal is not part of the UK's air bridge.
https://www.gov.uk/foreign-travel-advice/portugal/entry-requirements
Cruise ships can berth at ports on mainland Portugal, but passengers can only disembark if they are Portuguese nationals or residents.
Cruise ships are allowed to dock in Madeira and Porto Santo for a maximum period of 48 hours, but passengers and crew are not allowed to embark or disembark.
Friday's business update could see us moving to £11-12 next week, I expect there will be steps being taken and time frame to kick start cruises. To get things going I can see non-stop cruises and relocation of ships to area's where rules allow cruises to take place. The next few weeks share price could surge by re-opening plans and good bookings.
Carnival Corporation & plc Provides Business Update And Additional Financial Information For The Second Quarter
MIAMI, July 3, 2020 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has scheduled a conference call with analysts for Friday, July 10, 2020 at 10 a.m. (EDT); 3 p.m. (BST) to provide a business update.
A simulcast of the call will be available via the company's Web sites at www.carnivalcorp.com and www.carnivalplc.com.
CONTACT: MEDIA: Roger Frizzell, 1 305 406 7862 INVESTOR RELATIONS: Beth Roberts 1 305 406 4832
The tone is changing, the opening will need to be for good and the notes reflect this.
“The decision is linked to the uncertainty on the gradual reopening of ports to cruise ships and the restrictions that may still be in place for the movements of people due to the COVID-19 global pandemic,”
The EU are gearing up, incase you missed
https://www.healthygateways.eu/Portals/0/plcdocs/EU_HEALTHY_GATEWAYS_COVID-19_RESTARTING_CRUISES.pdf?ver=2020-07-01-115942-557
Last couple of days Carnival share on LSE more so than ever is making independant movements from the share on NYSE.
5 days LSE is down 19%, compared to down 4% on NYSE.
1 month LSE is down 15% compared to no change on NYSE
6 months LSE is down 73% compared to down 67% on NYSE
I'm sure factors such as conversion of £ to $ plays into this, but really to this extent? Logic would say to expect LSE to jump or NYSE to crash to bring these aligned but maybe this isn't the case.
Whilst all the posts are doom and gloom, am I missing something here. This is nothing other than managing finances to push back short term payments out.
Whilst Carnival are in a dire possition, their (financial) actions to date are ahead of the curve and delivering to meet the needs of the business.
Today I may finally achieve 'break even' as a long term holder. Mid March I put more in and took my average down to £18.35 and after some trades selling on highs and buying on lows my average is £13.67. This has been a massive learning curve as a young trader but patiences has prevailed. I will certainly reduce my holding to pre-March levels, otherwise business as usual.
How many shares does Rico have now?
https://www.carnival.com/travel-alerts.aspx?live=642f8ba6-a0fe-aa55-1d53-2e674bdf60d8
The offer is very generous to the passenger. Those with bookings Autumn onwards have the opportunity now to review and see if there is an alternative at a better price. On the flip side, fuel costs have dropped significantly and this will have a far far greater impact to the profits. I'll be watching over the course of this week and if there is a further drop to the share price alongside drop in fuel cost, this will be a strong buy.