Member Info for Raleigh

Credit card companies withholding payment can cause even functioning companies significant cash-flow problems. It may be another factor with which to contend. But Carival have not as yet mentioned anything in that connection, as far as I am aware.

Norwegian say, "Because of COVID-19, we have been in conversation with our credit card processors about posting collateral, and if we were required to post collateral or otherwise maintain a reserve, our financial position and liquidity could be materially impacted." If it is affecting Norwegian, it will probably affect Carnival and others. I have mentioned it before on here - it was that that saw Flybe off originally.

"fully dependent on our continued efforts in cooperation with federal, state, local and international government officials." Highlights what was already known, that sailing is dependent on what cruise lines will eventually be permitted to do internationally - there are many hurdles still to be cleared against cash burn.

Blackbird plc
(the "Company")

Director/PDMR Shareholding

Blackbird (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird, was informed that Stephen White, Chief Operating and Financial Officer and a person discharging managerial responsibilities, bought 65,000 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 15.5 pence per Ordinary Share. Stephen White now holds a total beneficial interest in 279,286 Ordinary Shares, equivalent to approximately 0.08 per cent. of the Company's issued share capital.

For me, watching share prices and trying to guess where the bottom might lie on these big, virtually dormant leisure and travel shares has become just that, a guess, a gamble. And some will likely have poor outcomes, whilst others will fare well over time. I do not think anyone will exactly 'miss the boat' by investing when businesses themselves start to function again in what appears to be a sustainable manner. But I understand that some have done well by trading.

I do think with new management, cost savings, etc., the past is indeed in the past. MXCP say the company is perfectly able to achieve market profitability, and they will get their historic and more recent money,whatever it is, back, but as you say there is nothing to go on.
Like you, I am waiting for something from the company. I have no idea what that will amount to.

I have taken a speculative position on today's immediate weakness, for longer term exposure to the London property market. The lockdown will not last forever, and there will be pent up demand flowing through in due course. A question of time rather than anything else with this one, I think.

Streater, from his huge personal holding, facilitating the purchases by CEO McDonough and wife at a discount.

With direct sales ongoing, and advanced discussions with OEMs, I anticipate a steady stream of newsflow over the year.

OEMs

I only invested recently, but it seems to me that much of the cost of this early growth by direct sales and associated activities, will over time be borne by OED's sales to their customers, albeit probably at decreased margin to BIRD, and additionally as the company says increasing size and length of deals and repeat revenue. The 14p placing leaves the company well capitalised to persue its growth ambitions, both directly and through OEDs.

Then that would prove to be an excellent result, as in their finals on 3rd. December MXCP said, "We remain confident that we will see a complete return of our capital from IDE."

Thank you, and for highlighting the broader appeal.

I took a small position here yesterday, in the belief that coronavirus will enhance the company's growth prospects this year, particularly perhaps in the sporting world.

https://seekingalpha.com/article/4339454-carnival-be-worth-23-per-share-2022

It has taken a turn for the better - perhaps investors feel progress will be seen to have been made when Íde next reports. Should things go reasonably well, then we can look forward to MXCP selling over the next five years as they have made clear, and presumably that will mean a sale of the whole company, possibly/probably to MXLG. As a shareholder in the privatised MXCP, I think much turns on Ide's success in relation to the affairs of MXCP, and the founding partners' retirement wealth.

Rather simplistic but so it seems to be - in the short term it obviously fundamentally remains a question of time. Whether cruise lines will be able to sail this year, with ports open to them, and under whatever new health regime exists on ships and welcoming territories concerned. If Carnival can start to sail, though profit will be elusive, things will be going in the right direction, and the price with it from wherever it has found itself. If not, then the squeeze will return. And in the meantime I suspect investors will look at lockdown lifting for a lead, though from a health perspective, as leisure companies with particular potential for disease spread, I cannot see them as being other than late candidates for release, and they will very likely have more hurdles to clear than other businesses.

https://www.businessinsider.com/carnival-ceo-company-could-survive-rest-of-2020-no-revenue-2020-4?r=US&IR=T

https://www.businessinsider.com/carnival-might-restrict-number-of-passengers-when-cruises-resume-2020-4?r=US&IR=T

Taking everything into account, I consider we have come out of this very well.

Suggestion of White House pressure.

https://eu.usatoday.com/story/travel/cruises/2020/04/13/coronavirus-cruise-ships-saw-red-flags-amid-chaotic-federal-response/2937001001/