Carnival Share Discussion Threads

[stansmith3] 17/6/2022 13:38

pierre

your ratio of ticket vs onboard spend is good, in 2019 ccl had 14bn of ticket and 6bn onboard revenues

unfortunately that is only half your revenue estimate, op income in 2019 was only 3bn, so once things get back to normal that is the kind of revenue and profits we can look forward to, profits being roughly one seventh of revenues does mean we are currently looking at seven years trading just to repay the capital sum, never mind the interest…of course they have no intention of ever repaying the debt, their goal will be to keep it manageable and buy more ships…this is far from rosy, but we all know how good the industry is, another two years like 2020 and 2021 would probably make the debt unsustainable though imv….
i presume the mkt is now thinking profits will be much less than 3bn in the upcoming recession, that is the 64 thousand dollar question….

[the codger] 17/6/2022 12:52

Let's see what the dow does

[the codger] 17/6/2022 12:47

Plenty ready to spend money cruising

[jan-mar] 17/6/2022 12:18

I wonder who will be the first broker to say the travel industry shares are oversold

[pierre oreilly] 17/6/2022 12:03

24bill seems a lot, but not to the cash generating cruising industry.

bofp.

a scenario of 1 ship, 4000 pax, average person fare per week £1250, average on board spend ex tips £750.

That's the scenario i'll look at.

So 2k pw for 4k pax = £8m pw, or £400m pa.

92 ships, so say potential £40bill pa.

knock off half to allow for factors other posters will no doubt come up with, that still leaves the full sailing potential cash flow of £20 billion pa.

debt is one year revenue when fully sailing under that sceneario.

[stansmith3] 17/6/2022 11:58

no apology necessaryta

[the codger] 17/6/2022 11:51

My apologies stan,net debt 24 billion dollars

[stansmith3] 17/6/2022 11:38

numerous sources saying net debt is 24b, what source are you using for 13b?

[the codger] 17/6/2022 10:48

$13 billion dollars

[stansmith3] 17/6/2022 10:42

where are you getting figure of 13 billion for net debt? isnt it much higher than that?

[the codger] 17/6/2022 09:56

Total net tangible assets 53 billion
Net debt 13 billion
Valuation 1 billion
Share buybacks continues
Hmmmmm.....

[the codger] 17/6/2022 07:13

Well oversold, buy with a medium term view
£10 target

[jan-mar] 16/6/2022 21:08

You have to laugh at the headline "The Fun is Back" but not for shareholders

[jan-mar] 16/6/2022 21:02

Missed some off

[jan-mar] 16/6/2022 21:02

Carnival first began sailing from New York in 1998 and has offered sailings from New York regularly with a variety of its ships.Carnival became the first major cruise line to return its full 23-ship fleet to guest operations on May 2 with Carnival Splendor's sailing from Seattle, an impressive and successful restart of guest operations that set the pace for the rest of the U.S. cruise industry. Carnival will restart its operations in Australia when Carnival Splendor repositions to Sydney in October and Carnival Luminosa begins service from Brisbane in November. Carnival will also welcome its second Excel-class ship to the fleet, Carnival Celebration, in November.For additional information on Carnival Cruise Line and to book a cruise vacation, call 1-800-CARNIVAL, visit www.carnival.com, or contact your favorite travel advisor or online travel site.

[jan-mar] 16/6/2022 21:00

The Fun is Back! Carnival Cruise Line Returns to New York CityJune 16, 2022Carnival Magic's Arrival Marks Line's Restart in All 14 U.S. HomeportsWith Carnival Magic's arrival to the Manhattan Cruise Terminal today, Carnival Cruise Line marks its return to guest operations from the city in more than two years and celebrates its restart in all 14 of its U.S. homeports.To commemorate the special day, Carnival Magic team members welcomed guests on board with a "Back to Fun" event that included a ceremonial ribbon-cutting and lots of fanfare."With our return to New York today, we now have restarted guest operations in all of 14 of our U.S. homeports," said Christine Duffy, president of Carnival Cruise Line. "New York has been a wonderful partner for more than two decades, and we are delighted to provide versatile vacation options from this popular market again."Carnival Magic boasts the stunning new red, white and blue hull design running the entire length of the 1,004-foot-long ship, which has become a trademark feature of the Carnival fleet paying homage to maritime tradition and patriotic colors. The ship introduced many of Carnival's signature elements now enjoyed across the fleet, including the Caribbean-themed RedFrog Pub, the Cucina del Capitano family-style Italian restaurant and SkyCourse, a suspended ropes course with breathtaking views to the sea 150 feet below.Following an initial four-day Bermuda cruise, Carnival Magic will depart from New York on 15 sailings with various itineraries this summer and fall, such as:Six eight-day Exotic Eastern Caribbean sailings including four cruises to Amber Cove, Grand Turk, Half Moon Cay, as well as two cruises to Grand Turk, San Juan and St. Thomas;Six Bermuda sailings including two four-day cruises, two five-day cruises, one six-day cruise, and one seven-day cruise;One nine-day Carnival Journeys Eastern Caribbean cruise visiting Grand Turk, San Juan, St. Maarten, and St. Thomas; andTwo seven-day Canada cruises.Carnival first began sailing from New York in 1998 and has offered sailings from New York regularly with a variety of its ships.Carnival became the first major cruise line to return its full 23-ship fleet to guest operations on May 2 with Carnival Splendor's sailing from Seattle, an impressive and successful restart of guest operations that set the pace for the rest of the U.S. cruise industry. Carnival will restart its operations

[the codger] 16/6/2022 17:18

Yeah obviously you know sweet f.a

[moneybags] 16/6/2022 16:57

Sad days for this company.we kinda knowing where it is going now. It’s just going to be a cruel slide. I do feel for the oceanic hedge fund.

[brut winky] 16/6/2022 16:33

Travels getting oversold.

[the codger] 16/6/2022 16:28

Rebound tomorrow

[jan-mar] 16/6/2022 16:19

I can see a stupidly low buy out coming

[the white house] 16/6/2022 16:17

Back on board, no idea why @ 658

[blueball] 16/6/2022 16:12

450p at most.

[the codger] 16/6/2022 16:08

The codger calls it right