Member Info for spbhoy

Seems that the same characters are presently calling lower lows on various boards. This has been steady around the £2-£2.20 area for 2-3 week, so no reason to suspect much lower than here.....certainly not £1.50 in my view. I'm back in here for what it's worth. Same through process as CCL...doesn the company have the wherewithal to see this through?...yes. Am I happy with this price?...yes. Will it be the best entry point?...perhaps yes or no, but that will hopefully not matter in the long run.

I'd be hoping that the Govt remit to maintain a programme of care and maintenance for relevant business would allow BMN to reschedule their planned summer programme to right now. Fortune is a very shrewd man, so my money would be on that.

@latino and @shrewddude....I simply find it best to stick to facts, hence my points last night. Interesting to note the weak argument against them, especially the part about directors being forced to part with $10m to support a rights issue....I found that the most desperate of arguments. Still no counter argument to the $250m/month cash burn either.

I personally don’t see this getting much lower than here and U.S.A. seemed to like the results last night. Shorters will have made £millions, especially the large UK and US hedge funds, but at some point they will call a bottom.....that’s why I am back in again (sitting in a paper loss for now) and happy to hold.

Sorry LTV but I’ve never heard of a director being forced into a share issue.
Where did you get you get your cash burn figure from...it’s x4 what I can see.
Re the future cruise credit...once it’s accepted it won’t be reversible.
Best let’s stick to facts and not mislead or misinterpret information

In addition: 3. approximately 45% of the guests who have contacted us have accepted future cruise credits in lieu of cash refunds for cancelled voyages.
This would suggest to me that almost half of the $4.7b in deposits could be agreed to be taken as future credit if all those who are booked do as those who have already made contact have done..

Funny what different people pick out of quarterly reports. LTV has focussed on cash burn of $1b per month.

I noticed a couple of things:

1. One of our directors purchased 1.25 million shares of our common stock as part of the Public Equity Offering for a purchase price of approximately $10 million.
2. After transitioning to a prolonged pause, we anticipate estimated ongoing ship and administrative operating costs to range from $200 million to $300 million per month.

I suppose it's all about interpretation.

@Tuxedo8....I would also hope so.
@MD.J.Morgan...Not sure of what exactly your are suggesting re fleet numbers, but I seriously doubt they would try anything underhand to simply get access to better fuel deals. Valuable slots, and ownership of such slots at LHR for example, would be the first of many problems if they tried that. Then there would be aircraft leasing contract issues etc etc etc.

@Tuxedo8, I think you'll find that most airlines hedge their fuel contracts and therefore most would be currently locked into higher prices for the current period....while lower current prices would allow hedging for the future at more beneficial rates.

No offence LTV, but all we need to do is click the most recent of 4 "CCL Share News" items at the top left of this page and we can see the article you have just posted. If you feel that nobody else has found this news piece then fair enough, but if not, then we already fully understand that you are still negative on CCL.

As a small aside, the CCL pre-market price in the US has jumped 10.91% to $9.76 (£7.82)....just saying!!

Well said mathsprof. It's actually quite funny that people believe their hype or lack of hype will somehow make a difference.

Some folk take it far to personally if you ask me. Do your research and invest or not. Life's too short to come on these boards gloating at the failure or success of others.

On a more important subject, i just read that "Debt is favoured by finance directors in more normal times because interest rates can be charged against tax." This might explain why the coupon of 11.5%, which is obviously quite high compared to current rates, is not the end of the world since it can be used to adjust tax liabilities in future, if I am to understand this correctly.

Anyway, I've been in and out three times now...and I am back in again. Good luck if you are in and good luck if you wait for lower entry. If you are not interested in getting in or you are not short, then perhaps get a life outwith CCL.

Low £7s looks like the area we might settle after all.

Ah, too early and brain not kicked in yet. Cheers

Just noticed that although the US clearly knew the terms of the placing late last night, hence the huge slide in SP, the post market SP rose by 5% to $9.26. I thought the slide would have continued towards $8.

Do we expect the SP to fall to the placing price, or does the fact that the placing represent only a small amount (less then 10% I think) of shares in issue, mean that it might only fall to around low £7s before steadying? The terms of the offering still don't make it clear who is eligible for uptake and on what terms, e.g is it as simple as 1 share for every 1 held, or 1 for 10 etc.

This could have a bearing on where we end up today. Sorry if being a bit naive, but I do feel that it is still a bit unclear.

No reason it won’t drop to around £6.45 given the current £/$ rates. I assume it’s a 1 for 1 rights issue?

Looks like the tens of the rights issue was known by the whole of the US market last night. $8 a share it is, so approx £6.5. There’s your target price LTV

Hard to say, but this might do very similar to yesterday

Pre-market now down -8.24% so heading south again for now

Currently down -2.81% in US pre-markets. FACT. Currently down -8% in the UK. FACT

Funnily enough, the pre-market trades in US pulled back level not so long ago, having been -7%, and are now back at -4%. Makes UK look slightly more negative than necessary.

Similar for me. Been in and out twice already. Sold the last lot this morning at £9.40 having bought at £8. Got them all back again for £8.80 and decided this time that i will not trade as I really do think that the US likes the deal.