Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Just a reminder that Royal will be releasing their earnings report today. Webcast at 3pm I believe. Could cause some SP movement.
Bhants, yes they refer to Wave as the prime booking season, although wave has been going on for a while now because the company has seen booking activity consistently, rather than the peaks and troughs of previous years. Will be interesting to see what the booking curve looks like in the future, promising so far.
Bhants, Sun Princess is being built in Italy. Given only one voyage is being cancelled itās a drop in the oceanā¦
Bhants, Iāll go as far as saying Iām a current employee, so the best stance for me is to say nothing. I will say though that the news story came as a huge surprise last night. We then had a communication this morning confirming the rumours were untrue.
Bhants I donāt know if Pappalazz is an insider or just hearing things from friends perhapsā¦..but a lot of what he said in his previous post is factually incorrectā¦..be careful what you believe.
Pappalaz, your facts are not correct regarding the pay cuts/office staffā¦.. Chinese whispers arenāt usually an accurate source of information.
Google carnival corporation earnings call and it will come upp
Any excuse for the MMs to pull the price down, even if temporarilyā¦.criminal
Looks like google finance has it wrong!!
My ref to missed earnings was a result of looking up Nclh on google- it showed a loss of 0.30ā¦..whereas investing.com shows a profit.
The headline on Marketwatch says ācurrent quarter outlook disappointsāā¦ā¦
Not read it yet, but ncl were 9% down. Starting to come backā¦.v similar to CCl on earnings dayā¦
Norwegian missed their earnings estimates. Knock on from their bad resultsā¦.
Shares were in auction - too much demand on the back of the re-rating. Seems to be back to normal now. ....well, as normal as a 12% rise is...
@JG2280 do you have a crystal ball then? Agree it's risky with the current state of the markets...I wouldn't offer advice though...possibly into the 5s....possibly into the 7s...possibly remain at 6, shall we roll a couple of dice?
That interest rate looks quite favourable in the grand scheme of things. The conversion provisions are interesting too. It always amazes me how markets overreact to news like this. Fundamentals haven't really changed. A possibility of dilution down the line but cash com8ng in so enterprise value largely unchanged. Perhaps interest a little higher than the 2024 debt being repaid, not a shocker by any means.
We must remind ourselves that the price has been steadily rising for the last two weeks. So yes, it feels like a force 12 gale at the moment, however, only back to hhe beginning of the month. Going into oversold territory again imo....
UBS has issued a broker upgrade - price target now $16 (was $8). Maybe a reason fo the nice little rise going on?
Carvegyber If you go back and look at the debt it is not all at these very high rates. I think the average debt is actually at around 5%. Look at the bigger picture. I agree with Bhants post myself and I'm certainly not deluded.
2019 turnover was actually nearly $21bn and earnings after interest were c$3bn. The interest charge currently is c.$1.5bn so it looks like they should be profitable next year even after interest payments. Let's wait and see. Good luck all
That too.....
In case people hadn't noticed, we've seen a 0.75% increase in interest rates both in UK and US. This would impact the SP.
Also, RCL have published Q3 Earnings today - in line with expectations (slightly exceeding) - however share price is down. CCL price movement seems to be broadly tracking that of RCL today. Probably suffering from buy te rumor sell the news investors for now..
So actually, if you look closely...there is some logic to the SP movement today.