Member Info for mattwales

this will continue to fall u cant dress up a pig and compare it to ferrari.

as soon as cfd long holders panic this will crash hard

is that they are going to need more money raised for working capital.

last month they disclosed the potential of seeking high rate bonds. I think more debt would kill them.

Knowing at the time results were so bad, you have to ask why didn't senior management raise more rights issue cash.

Failing that why didn't they do a part debt for equity swap.

When Aston Martin breach debt covenant issues you can be sure the bondholders will be seeking reassurance and figures today will spook them into insisting on a debt for equity swap.

it fell today because of Royal Caribbean results

https://www.fool.com/investing/2020/05/13/royal-caribbean-sees-a-453-million-hit-from-covid.aspx

Later today Norwegian report their Q1 earnings.

I know they all say they want to sail August but I seriously cant see anything happening till next year.

Comments from CDC and leading officials are pointing towards this.

Ferrari share price has remained robust because ferrari makes a heap of money and its turnover fell just 4% Q1.

https://f1i.com/news/372786-ferrari-first-quarter-results-hit-by-formula-1s-hiatus.html

Please dont dress up a top marque against what are a complete disaster of results here.

I've read the results arent all that bad today.....what can be worse than a complete collapse of 60% of turnover?

At this rate of cash burn they will need another rights issue before they even get into Formula 1.

thats without o2/virgin carving up more.

asking £15 a month for unlimited calls, 100gb data the switch to sim routers or mobile only and away from home/broadband products is bound to increase.

Then 5G will take the fibre customers.

lets face it the results are horrendous. turnover down 60% and only 1 market China affected.

no wonder they're talking more financing turnover must be 90% down by now.

i'm also not convinced on a surge in bookings.

45% who didnt cancel and were offered up to $600 on board booking will be included in these "new" bookings figures.

how to **** your client base off delay all refunds

https://twitter.com/CarnivalCruise/status/1257373163287183361

they surge 600% from a very low base this year tell the whole story.

bookings are 200% up on this time in 2019 because Carnival are dishing out holidays as low as $28 a day on cruises.

Cancellations are up to 55% (as of a few weeks ago) for all their non discounted cruises that were already booked pre crisis.

Cancellations are taking months to go through because Carnival are delaying handing out customers money.

shares are rising on hope. the stock market crash will come when reality hits i.e the first banking crisis.

right now they are predicting the same bad loans as 2007 on, the situation looks far worse than then.

even the bank of England are predicting a record bust.

https://www.telegraph.co.uk/business/2020/05/07/bank-england-predicts-economic-record-crash-soaring-unemployment/?li_source=LI&li_medium=liftigniter-rhr

https://www.telegraph.co.uk/business/2020/05/07/bank-england-predicts-economic-record-crash-soaring-unemployment/?li_source=LI&li_medium=liftigniter-rhr

yes but look at the rules for social distancing when lockdowns are lifted.

example your a couple u book a taxi, only one person can enter the taxi under Government rules they want to roll out.

Even if u wanted to go on a cruise, u will find it difficult to reach your destination.

it not just cruise ships the whole economy cannot take social distancing rules.

look at the rules for work vans, taxis etc they want to roll out.

Our economy will not survive these rules in place

anyway $400 million of stock (some already forward sold) needed to be dumped on the market for Norwegian out of $2.4bn market cap. Carnival could be back to £6 as a result as all 3 companies are rising/falling in tandem.

the market has been rising cos analysts have been positive.

these same analysts working for the companies who invested cash in offerings to both Norwegian and royal Caribbean and are forward selling.....watch out for the fall IMHO

also the reason its rising is Norwegian is rising on a successful $2bn raise.

however, $400m raised with common stock and no price details. once that price is announced i'm hoping for the fall bringing the other stocks down with Norwegian.

here is the answer why

https://boards.cruisecritic.co.uk/topic/802613-can-someone-explain-the-difference-to-me-ccl-amp-cuk-stock/

CCL NYSE is not the equivalent of CCL LON shares the ADR(ADS) ticker CUK NYSE is.

CUK trading at $11.47 pretty much compares with London price.

I also thought and could be wrong but I thought/assumed Carnival London equated to CUK Carnival ADRs and not CCLCarnival ord.