Member Info for MarbleMadness

Would have been nice if interactive investor did the same. Still with DI's and no sign of the dividend either.

Finally had corporate action message from Trading 212. Looks like they will just convert to NYSE (we hope).

We are writing to give you an update on the corporate action affecting your Carnival plc (CCL LN) holding.

On 7 May 2026, Carnival Corporation & plc completed a corporate restructure that unified its dual listing. The two existing companies — Carnival Corporation (NYSE: CCL) and Carnival plc (LSE: CCL) — were combined into a single Bermuda-incorporated entity, Carnival Corporation Ltd., which now trades only on the New York Stock Exchange under ticker CCL.

As part of this event, your Carnival plc shares are being exchanged on a one-for-one basis for shares of Carnival Corporation Ltd. on the NYSE. You do not need to take any action, and your share count is preserved.

Your old Carnival plc shares were held in the UK settlement system through one of our custodians. The new Carnival Corporation Ltd. shares need to be moved through the US settlement system before they can be credited to your Trading 212 account. This is a cross-border process that involves coordination between multiple parties Our operations team is actively working with our custodians to complete this transfer.

We'll send a follow-up notification as soon as the shares are credited.

We've been screwed.

I heard about the spread widening the more you sell in 0EV1. Probably less than 1% liquidity compared to the main NYSE pool.

I'd be happy to pay the FX fee but they need to move the whole lot at the live price.

Hopefully hits 415p so Alison can have a little cry.

Although I'm guessing she probably had to sell those vested shares anyway if they were incurring a tax liability.

Probably need to check how long the gap is between selling and buying the US stock. Carnival has a habit of jumping 10% and bad timing could be impactful.

Tax implications being capital gains if you've got these IOUs outside of a SIPP or ISA wrapper?

So basically Carnival shares haven't been converted and we're left with some IOUs from an international order book. Which is not instantly tradeable either.

Interactive Investor has just gone in the bin.

'If Marks & Spencer's stock was valued with the same forward multiple as Sainsbury's, the M&S share price would sit at roughly 462p.'

If it wasn't for the cyber attack, this is where we'd be happily sitting now I think.

Hats off to AJ Bell who converted my ISA within a couple of days. Still waiting on T212 and Interactive Investor.

I emailed Interactive Investor asking for an estimated date and got a long winded reply;

'there's no standard timing on these things..'

'the migration of those depository interests from the UK to the shares tradeable in the US is an add-on service we perform for free..'

Haha.

Rolling PE is around 10. So this share is undervalued 40% IMO.

We'll find out more in the results next week. Can't wait.

No change with Interactive Investor. Still on CCL Plc.

At the current stock price of $24.24 (as of 11:26 AM EDT, 27 March 2026), Carnival Corporation & plc (CCL) would cancel approximately 103.14 million shares if they executed the full $2.5 billion buyback immediately.

Buyback Calculation

Total Buyback Amount: $2,500,000,000.

Current Share Price: $24.24.

Estimated Shares Cancelled: 103 million

Impact on Share Count

Current Shares Outstanding: Approximately 1.39 billion.

Percentage Reduction: This buyback would retire roughly 7.4% of the company's total outstanding shares.

Program Timeline: The Board of Directors approved this initial $2.5 billion program on 27 March 2026. It is expected to commence following shareholder meetings on 17 April 2026.

On a positive note, Carnival shares are now cheaper for anyone wanting to buy some more. Haha.

I wonder if we'll smash through to all time highs this time or bounce our heads on 415.

I did a ChatGPT.

I have $24 billion debt at 5% interest. With $3 billion a year profits to repay the yearly interest and loan repayment. My 3 billion profit will increase 10% a year. How long would it take to clear the debt down $10bn.

Total debt:

$22.200 - end of 2026

$20.010 - end of 2027

$17.381 - end of 2028

$14.257 - end of 2029

$10.578 - end of 2030

So 4-5 years to pre-covid levels?

Just pop into a time machine and buy those shares back up :) I've had a similar experience but even if you hadn't sold then you'd have sold at £1, £2 etc. No chance of holding until now.

Everyone is in love with M&S (especially the food), just not the shares at the moment. I'm confident sentiment will return soon and hopefully a re-rate back to 4 quid.

It's my M&S Christmas food collection today😋

£4 Friday.

Yes and paint the vans with M&S colours. Same as they did when they bought Gist a few years ago.