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Jeezus talk about comparing apples and oranges! USA is worlds No 1 economy and we are.....6th! UK has a budget deficit of -8.2% of GDP (21% more than the USA) and government debt as a share of GDP for the UK is some 24% higher than the USA. Go figure. LOL
Apparently city traders have a new nickname for Liz Truss. She is "Daggers" as it is two stops up from Barking! LOL
Yes my reaction is that this pathetic shower will be lucky to limp on until the next GE.
Any time it drops below £10 it is a buy for me.
Your attitude towards those people unable to afford to board one of your superannuated plastic gin palaces simply reinforces my total lack of desire to do likewise. Enjoy celebrating your recent tax breaks as I fear the orchestra may be shortly assembling on the promenade deck of the good ship Torytanic to serenade the grisly end. Pip Pip LOL
EC “I think the recent drop in the share prices of the cruise ship Companies is not based on fact.” Well if you live in say ”Trumpworld” where facts are inconvenient truths then from your perspective the share price may seem to be irrational. However a long hard look at the debt pile ($30B and counting) would say otherwise. The great dilution is heading down the tracks my friend and no lowering of the POO or increase in bookings will prevent it. The best you can hope for is that CCL can successfully reschedule its debt repayments and actually survive as a going concern. Your current holding will by then have evaporated in a sea of new shares.
"Yes they are in debt after the so called covid isn’t every business?" From your tone (so-called covid) I take it you think the measures taken to prevent deaths from Covid19 were an unnecessary restriction on the trade of your pet company. As for the rest of your comment the answer is yes some companies took on debt due to Covid19 (RR is a very good example here). However, not to the extent that CCL have hocked themselves possibly way beyond their capacity to pay it back without diluting existing (or new) shareholders t the point of extinction........simples.
Don't worry Dim Tim is going to pressure the new Govt to conveniently make everything his business has to buy tariff free thus fulfilling the potential of Brexit.........Not the brightest bulb in life's chandelier our Tim, as he believed everything written on the side of a bus (and also what Jacob Rees Mogg told us ie. after Brexit everything would be cheaper). Look how that has worked out LOL
Bookings up....Good
Price of oil down......Good
Massive Debt ($30B long-term)........Could be terminal
This share price is being pulled around by nothing other than the markets view of whether CCL is capable of paying off this massive mountain of debt. This will undoubtedly involve numerous rescheduling and renegotiating of these repayments. Simples