RE: O/T Carnival (CCL) as asked by Meraviglioso IMHO >>27 Oct 2022 13:22
Correction.
Meraviglioso.
Yes. The recovery for the Cruise Co's from the covid devastation has been slower than most expeced I think.
The low for CCl looking at the chart was around £5.00 a share, which coming down from £35 a share before covid is quite a drop. However the sp has since moved up a lot from there to todays £6.68.
I'm down on these but did buy some at about £5.35 bringing my average ***DOWN to £7.20***.
The most recent fund raise clearly went down well as the sp has gained a lot since.
Unless covid returns I'm confident the sp wil be North of say £10 a share in say 12 months.
The next quarter earnings in just a few months now they forcast i think returning to nearly break even and that will be the key.
All IMHO.