Carnival Share Discussion Threads

[broadwood] 25/9/2012 17:04

Hot on its tail, Carnival rose after reporting continuing strength in fleetwide booking volumes and pricing trends since June. The cruise operator posted a year-on-year decline in net revenue yields for the third quarter to the end of August

[wad collector] 25/9/2012 15:42

Looks like it comes under the "less bad " category.

[broadwood] 25/9/2012 14:37

Market likes these 3rd qtr results just announced.

[currypasty] 05/9/2012 15:31

too late ? record date was in august

[miata] 21/8/2012 11:59

Buy for the dividend, XD tomorrow 22/08/12.

[melton john] 03/8/2012 22:05

Sounds like a job for the Concordia captain, he should be able to manage counting the towels.

[miata] 02/8/2012 12:06

Carnival Cruises will trial a 40 minute time limit on towels left on unoccupied chairs and sun loungers on the Carnival Breeze. If successful the scheme will be rolled out across its 22-ship fleet.

'Towels will be removed after 40 minutes and kept in the Towel Station close to deck 10 main pool.

[nissi_beach] 04/7/2012 14:47

just come back from a cruise on P&O and plenty of onboard spending so most of lower tickets prices is being made up with youngsters at the bars

[melton john] 17/5/2012 13:14

"All those coffin dodgers worldwide, with all their post-war asset accumulation while their children are left to pay for it ."

That's rubbish.

[broadwood] 17/5/2012 11:47

Numis Carnival PLC 17/05/12 09:33 Upgrades Hold Buy 2 2,150.00 2,500.00 350

[imastu pidgitaswell] 10/5/2012 16:58

No, I keep selling them for profits, and buying ones that then go down. Then they eventually go up and I sell them for a profit, and...

[miata] 10/5/2012 15:56

They have set up full shore based realtime monitoring to ensure no deviations from the pre-programmed route.

PS do you have any shares that are doing well in your portfolio?

[imastu pidgitaswell] 10/5/2012 15:52

And navigational ability...

Have followed in anticipation of a plunge (sorry...) to be followed by a recovery, but it hasn't really happened.

All those coffin dodgers worldwide, with all their post-war asset accumulation while their children are left to pay for it - there has to some benefit to the rest of us, so owning shares in the business with which so many of them consume their cash seemed like a plan.

Maybe one day...

[miata] 10/5/2012 15:45

The 114,500-tonne Costa Fascinosa, the largest Italian-flagged cruise ship, will make its inaugural cruise on May 11. It can accommodate 3,500 passengers and features a shopping centre, five restaurants, 13 bars and casino rooms.

Hopefully its captain will have been chosen with particular care.

[miata] 02/4/2012 20:21

Work to refloat the Concordia will start next month and is expected to take a year at a cost of $300m.

[miata] 16/3/2012 09:48

Couple of big trades this morning lend some support to 2070p.

127 4979118844 2070 17179 O 2068 2072 08:57:23
128 4979118844 2070 17179 O 2068 2069 08:58:52

[mj19] 12/3/2012 14:51

Costa Concordia a 'total write-off', says Carnival
Mar 09, 2012 15:07PM GMT

0 Comments and 10 Reactions

Costa Concordia is being written off as a total loss by parent company Carnival Corporation.

The company is to receive $515 million in insurance for the crippled vessel which run around with 4,200 passengers and crew on board with the loss of at least 25 lives off the Italian island of Giglio in January.

This will offset the value of the six year old vessel which has been deemed to be a "constructive total loss". It was originally thought the ship could have been salvaged.

The disaster cost Carnival Corporation $29 million in the first quarter of its financial year.

The company also faced a $34 million impairment charge related to Costa Allegra which lost power in the Indian Ocean six weeks after the Concordia incident and had to be towed to the Seychelles.

Carnival warned that its expectations for 2012 will be affected by the "direct and indirect" financial impact of the Costa Concordia incident.

Booking volumes for Costa are running "significantly behind" last year at lower prices at a time when the line curtailed virtually all of its marketing activities.

Cumulative advance bookings across the group, excluding Costa, for the remainder of 2012 are approximately 3 percentage points behind the last year's levels with prices slightly higher.

Since the date of the Costa Concordia incident in mid-January through to February 26, fleetwide booking volumes, excluding Costa, have shown "improving trends" but are still running high single digits behind the prior year at slightly lower prices.

"There has been less impact on the company's North American brands than European brands," the company said.

Chairman and chief executive Micky Arison said: "Our base of business for 2012 is solid and booking volumes have gradually improved, which we believe is a testament to consumer confidence in the cruise industry's long-standing record of exceptional safety.

"Despite the slowdown in bookings, all of our North American brands are still expecting a modest yield improvement in 2012 while our European brands, excluding Costa, are expecting to have slightly lower yields due in part to the slowing European economies.

"Overall, based on current pricing trends, any consumers holding out for deeper than normal discounts may be disappointed."

He added: "Our company is resilient and we will continue to work through this challenging period.

"We have every confidence that we will restore consumer faith in the Costa brand and the excellent reputation Costa's management team has built for the organisation which has a deep-rooted Italian heritage spanning more than 60 years.

"Carnival Corporation expects to carry nearly 10 million guests on its global fleet this year and the long-term fundamentals of our business remain strong as consumers continue to place tremendous importance on quality and value when making vacation decisions.

"Based on our solid operating cash flow, strong balance sheet and high investment grade credit ratings we are well positioned for the future and remain confident in our long-term outlook."

He also said: "Immediately following the Costa Concordia accident we ordered a thorough review, with the help of industry-leading experts, to understand what happened as well as to conduct an extensive audit of all safety and emergency response procedures across all of our cruise lines.

"We will work tirelessly to understand what went wrong, and make sure it never happens again."

Carnival achieved a net profit of $152 million in the three months to February 29 based on revenues which were up to $3.6 billion from $3.4 billion a year earlier.

The company will take delivery of three new ships in its second quarter - Costa Cruises' 2,984-passenger Costa Fascinosa, AIDA Cruises' 2,194-passenger AIDAmar and Carnival Cruise Lines' 3,690-passenger Carnival Breeze.

[miata] 12/3/2012 09:32

Some buying on the strength of the results announced on Friday, which boiled down to EPS of 2c, well above expectations of a loss of 6c.

[broadwood] 09/3/2012 14:47

Blimey - must be less bad than feared. Glad I didn't ditch them about an hour ago.

[miata] 09/3/2012 14:39

Key, to me is 2 to 4 percent decline. Therefore stock undervalued even allowing for high fuel costs and passenger lawsuits.

WEBCAST at 3pm

[miata] 09/3/2012 14:20

Mar 9, 2012 2:15:36 PM DWJ

1Q RESULTS.

1Q revenues increased by $163m to $3.6b from $3.4b in the prior year, due
primarily to increased capacity and higher ticket prices
* 1Q net revenue yields in constant dollars increased 2.9% (up 2.3% in
current dollars) compared to the prior year, which was higher than the
company's December guidance
* Excluding fuel, constant dollar net cruise costs per available lower berth
day ("ALBD") increased 6.4% and included a $34 million impairment charge
related to Costa Allegra and $29 million of Costa Concordia incident
expenses
* Fuel prices increased 30% to $707 per metric ton for 1Q 2012 versus $543
per metric ton in 1Q 2011
* An insurance recoverable of $515 million for Costa Concordia was recorded,
which offset the ship write off since the ship has been deemed to be a
constructive total loss
* 1Q Non-GAAP (diluted) earnings per share of $0.02, compared to $0.19 for
the prior year
* 1Q U.S. GAAP (diluted) loss per share of $0.18 included Ibero Cruises
goodwill and trademark impairment charges of $173 million and net
unrealized gains on fuel derivatives of $21 million

2012 Outlook

* At this time, cumulative advance bookings, excluding Costa, for the
remainder of 2012 are approximately 3 occupancy points behind the prior
year with prices slightly higher than last year's levels (constant dollars)
* Net revenue yields for FY 2012 are expected to be in line with the prior
year (constant dollars) excluding Costa, and decline 2 to 4 percent
(constant dollars) including Costa
* Net cruise costs excluding fuel per ALBD for FY 2012 are expected to be in
line with the prior year on a constant dollar basis
* Changes in currency exchange rates and fuel prices for FY 2012 are expected
to reduce FY 2012 earnings by $0.59 per share compared to 2011
* Full year 2012 non-GAAP earnings per share (diluted) expected to be in the
range of $1.40 to $1.70, compared to $2.42 for 2011
* 2Q 2012 non-GAAP earnings per share (diluted) expected to be in the range
of $0.05 to $0.09, compared to $0.26 in 2Q 2011