Carnival Share Discussion Threads

[ohojim] 19/11/2020 09:14

That is very good. "Optofluidic" Yay! Best word I've heard all morning. Will they put an optofluidic sensor on each toilet to identify the culprit? Or does it just tell them there is Covid in the bilges? Either way, it is definitely progress.

[onehanded] 19/11/2020 08:28

Could this be the new covid testing system in cruise liners... Scientific news report --

'Deepverge(DVRG)a UK company looks to the cruise industry for contracts to solve the possible contamination including covid in cruise liners. It has developed and expanding a world beating Microtox PD wastewater units which has AI based optofluidic pathogen identification scanners for real time monitoring of sewer water to identify covid and other pathogens in water, and could be used to identify covid on cruise liners and be the green light to ports and destinations a all clear system for passenger to visit. This system would monitor in real time all sewer waste to detect any outbreak before other tests. The system is not expense to fit and can fitted easily into any system such as a cruise liner.'

[onehanded] 19/11/2020 08:12

Good response from over 55 AND less side effects than younger people. Could be the dream vaccine for the elderly... The share price will need to beak the £12 and hold before really pushing on....

Covid: Oxford vaccine shows 'encouraging' immune response in older adults

[grahamburn] 18/11/2020 14:19

Need to factor in RNS a few minutes ago:

Carnival Cruise Line Cancels Additional Cruises as it Works to Meet CDC Requirements to Resume Operations in 2021

MIAMI, Nov. 18, 2020 /PRNewswire/ -- As it continues to build and implement its plan to meet the requirements of the Framework for Resuming Cruise Ship Operations Order issued on Oct. 30 by the U.S. Centers for Disease Control and Prevention (CDC), Carnival Cruise Line notified guests and travel agents that it has cancelled additional cruises for the first part of 2021, including:

All embarkations from U.S. homeports from Jan. 1-31.
Additionally, Baltimore, Charleston, Jacksonville, Long Beach, Mobile, New Orleans and San Diego embarkations through Feb. 28.
Embarkations on Carnival Legend out of Tampa through March 26.
Carnival is in the process of building a gradual, phased in approach to resume guest operations, which will focus initially on Miami and Port Canaveral, to be followed by Galveston. Consistent with CDC protocols, Carnival Horizon arrives in Miami this week, and Carnival Breeze will be the next ship back to the U.S. In total, 16 Carnival ships are currently following the CDC process for an eventual resumption of guest service in the U.S. in 2021, including Carnival Conquest, Dream, Ecstasy, Elation, Freedom, Glory, Liberty, Miracle, Panorama, Pride, Sensation, Sunrise, Sunshine and Vista. Mardi Gras, which is under construction in Finland, will also enter service in 2021.

With this announcement Carnival's operations are paused in the U.S. through Jan. 31, 2021. In addition, Carnival had previously cancelled certain other itineraries on four ships (Magic, Paradise, Valor, and Victory/Radiance) that are scheduled for required dry docks in the first half of 2021, with the plan to return them to operations after maintenance work and upgrades are completed. Carnival previously cancelled operations in Australia through March 2, 2021.

"We are committed to meeting the CDC requirements and keeping our guests and business partners informed of our progress," said Christine Duffy, president of Carnival Cruise Line. "The entire Carnival team appreciates the great support of our guests, travel advisors and business partners, and local officials in our homeports and destinations."

[rettah] 18/11/2020 14:09

As previously stated:
"The company's monthly average cash burn rate for Q3 was $770M, which was in line with the anticipated monthly cash burn rate. The company expects the monthly average cash burn rate for Q4 to be ~$530M."

Also:
"Carnival Corporation said in a regulatory filing on Friday that as of July 31, 2020, the company had $7.9 billion in cash and cash equivalent balance available."

So given the additional funds raised since should be OK for another 12 months I would have thought.

[ohojim] 18/11/2020 14:06

Maybe they will only employ geriatric staff, to make sure they are on the priority list.

[ohojim] 18/11/2020 14:04

peantern1

Exactly! That is my point.

[peantern1] 18/11/2020 13:59

Ohojim.I would be amazed if all cruise staff are not vaccinated before being allowed to go on board.

[justiceforthemany] 18/11/2020 13:49

Pfizer Covid-19 vaccine has 95% efficacy and is safe, further tests show
Preparing to file with the FDA for emergency usa authorisation

The coronavirus vaccine from Pfizer, which is due to arrive in the UK before the end of the year, has 95% efficacy and has passed its safety checks, according to further data from the firm.

[arai] 18/11/2020 13:45

Further funding may be required here so I can see this dropping more. SAGA have not stopped going up on the vaccine news so something is wrong. At $500 million + per month it is a concern in the short term.

[ohojim] 18/11/2020 13:45

onehanded, perhaps you should tell that to your onboard waiter and other young staff who are low down the priority list and are unlikely to be vaccinated till the Summer at the very earliest. I think the current euphoria is overdone and a reality check beckons.

[peantern1] 18/11/2020 13:39

Despite better vaccine news share price still dropping.Most people I talk to are dubious about the long term effect of vaccine and are not considering holidaying until 2022.

[onehanded] 18/11/2020 13:18

The destinations will welcome passengers, they have had no business for what could be a year! So all passengers vaccinated, no problem then.

[ohojim] 18/11/2020 13:01

Well, let's hope you have fun when you get to your destination, as all the poor people you are visiting will be at the back of the queue for vaccines and may not welcome strangers till the end of next year.

[onehanded] 18/11/2020 12:23

yes, and all over 60 in the first run of vaccines in both trails. It could mean by Feb all this age group and above could have been vaccinated. All booking cruises, massive pent up demand. I see £15 short term broker target and £25 medium term.

[suetballs] 18/11/2020 12:12

Pfizer vaccine 94% effective on over 65's.
Another shot in the arm!
Suet

[joey wilson] 17/11/2020 16:43

236k after hours at £1209...... WOW

This has got to be a Covid recovery play at the start of, with a broker target of £2500.

JW

[cashandcard] 17/11/2020 16:16

I think there will be massive pent up demand once the vaccines roll out.

Its going to be epic and priced at pretty decent levels like airlines now.


Cash

[arai] 17/11/2020 14:59

Yes, no doubt. Maybe 2 more in the pipeline before propellers are spinning again. Back to £9 again based on that before the crazy cash cow world of cruising returns and C-19 is just a distant memory.

Maybe Norwegian is a better option for my IG position.

[ohojim] 17/11/2020 14:44

The company's monthly average cash burn rate for Q3 was $770M, which was in line with the anticipated monthly cash burn rate. The company expects the monthly average cash burn rate for Q4 to be ~$530M.

So, maybe another cash raise within 3 months when they will be at least $1590M poorer.

[arai] 17/11/2020 12:02

So we know the rough monthly cash burn so how long has that bought the company before it needs to get fully operational again ......

[arai] 17/11/2020 11:56

And this was the one before ...
on October 30, 2020 of the
sale of 67.1million shares of Carnival Corporation common stock under its
previous $1 billion "at-the-market" equity offering program
($14.90 or about £11.20)

[go_baby_go] 17/11/2020 11:43

So is its $1.5b raised from 94.5m share equates to $15.87 a share. So 10% discount to current value.

[arai] 17/11/2020 11:39

The share offer wasn't a share offer, wasn't it just at market sale ?