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@talking sense the debt is complex stuff - it is not a quick answer. There are lots of tranches - for starters, it isn't $6bn - if you are serious about investing then it pays to do some research and make your own mind up. Average interest on total debt is less than 5%. There is lots on the investing section of the CCL website - the financial update tells you alot too. The point of the chat is to share, but not to the extent that it becomes financial advice. I hope you do take some time to have a look at the site. Good luck
@talkingsense - I suggest you go to the investing section of the ccl website and do your own research.
At full capacity - but based on full cost (based on 2019 costs)- costs will be lower if fewer ships are sailing. Fingers crossed for next week.
They only need to operate 25 ships to generate positive cashflow. That is less than 25% of the fleet. Good news all round.
The way I read it, new orders not committed will be pulled. New builds are delayed (probably part of cash preservation as handing over means they have to pay for the ship). Costs are being more tightly controlled than most think imo. I am confident that they will survive - this share is currently impacted heavily by any Covid news (particularly US). As restrictions are lifted, I think people will be pleasantly surprised.
They will survive, make no mistake about it. Take a good look at the balance sheet. I'm in this long-term, topping up on dips. Good luck all.
I just sold some at 7.....scared it will fall again. I’m still holding a fair few so will be happy if it rises.
Hi
Does anyone know why so many stocks are still in auction this morning?
Mks, sbry cna ccl to name a few.
Very strange
9.10 /9.40
Market order?
It would need to drop a fair bit more to drop out of the FTSE 100. I believe it is at about 4.7bn market cap at the moment. The lowest ranked in the FTSE 100 Are less than 4bn.
You are already over 80% down. The question is, can you afford to risk losing another 8k? That is what it boils down to.
If you can, then hold as the maximum downside is 8k, whilst the potential upside is much higher (it will be a long term bet with high risk attached).
Has anyone seen Bigwigs the serial buyer or the BMW 5 Series shorter?
I wonder how they are getting on and what they think of today's events?
@Matlot, to be fair to Hopeso, the live price has been above 7 for over an hour now and remains so. However, as I said...that means nothing given today's big drop.
It's a big risk, I'm no mug day trader and I'm in for the long term. I've bought low so downside is limited...7p per share to be precise. Will it rise? Let's HopeSo (sorry, couldn't resist...)
Holding at 7 for now proves nothing today given the huge drop...some will call it a dead cat bounce. Next week will be more telling IMO.
Bookings down etc is all across the industry at the moment. The weak pound, Brexit and good UK weather are all contributing factors. Look at the other travel operators - everyone is struggling atm. hopefully we can get this Brexit shenanigans out of the way sooner rather than later.
Agree its a tricky (or should I say sticky?) situation at the moment. As I said, I've lost some and won some (wasn't interested in Flybe and Debs as they weren't big enough or diverse enough). good luck to you when/if you decide to take a punt. Just seen 7p again so here's hoping.................and yes cash is waiting to buy more if it dips...........am I mad? maybe LOL
A couple of things here -
1. even the most solid companies have debt so for some debt to remain is not a disaster if managed correctly. In fact, debt is good if you can use it to increase return on capital.
2. If there is shareholder recapitalisation by way of investment - that will add to the cash on the books
The assets /Brand etc have a value - it is not sufficient to look at the debt in isolation.
As I said, it is very high risk to buy now, the question is whether you are prepared to take a high risk. I personally am and I know what the potential downside is (the cost of my investment). Good luck and no need to say sorry...I've been investing for the last 22 years with ups and downs - it's all part of it. I took some profits on the way up from 10 to 18p so prepared to risk all those now (and a bit more lol).
With the halving of the share price today we are at a crossroads...lots of people selling scared and others buying on FOMO.
So, should we buy or sell?
The sellers quote Flybe and Debenhams as great examples of how to flush your cash down the pan.
The buyers quote the turnaround previous...also note from the RNS: Existing shareholders will be significantly diluted as part of the recapitalisation. However, shareholders may be given the opportunity to participate in the recapitalisation by way of investment alongside Fosun and converting financial creditors on terms to be agreed. We may be given an opportunity but no guarantees.
Todays 50% fall serves a reminder of the high risks involved with this share. We are back to where we started with the May RNS. Personally I'm in, however, if you aren't prepared to take a high risk then this share is not for you.
Without the details it is difficult to forecast the impact on the balance sheet exactly; one thing is for sure, that debt will be wiped out or very significantly reduced. Fosun canot take a majority stake in the airline part either so as a minimum is that a sound valuation basis?
On the plus side TCG is still a big brand name and I'm prepared to stay for the ride. Good luck all, whatever you decide.
Don’t forget the employees are also stakeholders