Is the shareholder benefit ending

[antsp]

Reading the info on carnival corp website it states the offer finishes on 31st July 17, will this be the end of the obc benefit

[sfaaa]

Technically correct. If I understand correctly, the benefit is not automatic and needs board approval every year.

[Corfe Mixture]

Reading the info on carnival corp website it states the offer finishes on 31st July 17, will this be the end of the obc benefit

 

Unlikely. As has been said, the benefit is not perpetual and, just like the auditors remuneration (something they cannot in practice not approve) shareholder benefits need to be reapproved each year.

 

This has always been the case, and each year it has been re-approved though there have been changes to the amount of OBC on non-US dollar denominated cruises.

 

Absolutely no reason to suspect that it will no extended beyond the current end date.

[linanles]

Reading the info on carnival corp website it states the offer finishes on 31st July 17, will this be the end of the obc benefit

From what I have read the renewal of shareholders right to the perk is voted on by the Directors at each AGM. They also vote on their own perks. They're hardly likely to say no to shareholder benefits but agree on Director's benefits. There would be an outcry from shareholders.

[GUT2407]

Reading the info on carnival corp website it states the offer finishes on 31st July 17, will this be the end of the obc benefit

 

Pretty sure it ends every year.

 

So far it's been renewed, one year it might not.

 

Don't buy shares for benefits, benefits are a bonus.

[Colo Cruiser]

There has been an end date on them every year.

Luckily they have approved/renewed it year after year.

Edited November 25, 2016 by Colo Cruiser

[satxdiver]

The shareholder OBC is approved by the board of Carnival Corp each year for the coming year. This has been the practice for decades and unless they run into severe financial difficulty is all but automatic each year (the board has to approve it). This has several advantages to Carnival Corp & PLC including shareholder loyalty to the different cruise lines under their umbrella and depending on the total number of small investors makes it more difficult for an unwanted (hostile) takeover attempt.

[thinfool]

Reading the info on carnival corp website it states the offer finishes on 31st July 17, will this be the end of the obc benefit

 

Yes it is.

 

And then the board will renew for another year it in March or April of 17. Whenever the annual shareholders meeting takes place.

 

IMO there is no 'luckily' about it. It is a very effective marketing tool that keeps many hundreds if not thousands of people coming back to a Carnival family ship.

 

To do away with it would be like someone shooting themself in the foot. Not fatal, but it would hurt.

[easyboy]

Reading the info on carnival corp website it states the offer finishes on 31st July 17, will this be the end of the obc benefit

Hope not.

 

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[Lucky TGO]

Hope not.

 

Ditto!!

Tony

[caribill]

The shareholder OBC is approved by the board of Carnival Corp each year for the coming year. This has been the practice for decades and unless they run into severe financial difficulty is all but automatic each year (the board has to approve it). This has several advantages to Carnival Corp & PLC including shareholder loyalty to the different cruise lines under their umbrella and depending on the total number of small investors makes it more difficult for an unwanted (hostile) takeover attempt.

 

With one family controlling over 50% of CCL stock, there is no worry about a number of small investors making a takeover attempt difficult.

 

Just like when a European company wanted to purchase Hershey Corp. The trust that controls over 50% of Hershey voting stock ended that easily.

[Cruise Junky]

The shareholder OBC is approved by the board of Carnival Corp each year for the coming year. This has been the practice for decades and unless they run into severe financial difficulty is all but automatic each year (the board has to approve it). This has several advantages to Carnival Corp & PLC including shareholder loyalty to the different cruise lines under their umbrella and depending on the total number of small investors makes it more difficult for an unwanted (hostile) takeover attempt.

 

Small shareholders taking over ain't ever going to happen, no way, no how. Majority shareholders rule. One family is in control.

[land lover]

The shareholder OBC is approved by the board of Carnival Corp each year for the coming year. This has been the practice for decades and unless they run into severe financial difficulty is all but automatic each year (the board has to approve it). This has several advantages to Carnival Corp & PLC including shareholder loyalty to the different cruise lines under their umbrella and depending on the total number of small investors makes it more difficult for an unwanted (hostile) takeover attempt.

 

Practice for decades? I don't think so....

Edited November 25, 2016 by land lover