Warning: NCL Shareholder benefit change

[nj_flyer]

 

1.Singles paying without single supplement only get half now
2. Can not combine offers (special pricing or perks) with the shareholder OBC
So now unless you pay full fare you cannot claim benefit

Was told by the resolution desk and refereed to the below document

Read restrictions

http://www.nclhltdinvestor.com/static-files/23c8691e-2da7-4595-b132-a6ad137cf7f6

[jaja]

Total bummer!

[shof515]

IF i request the shareholder onboard credit, that means i will give up my free at sea perk? 

 

 

[nj_flyer]

Just now, shof515 said:

IF i request the shareholder onboard credit, that means i will give up my free at sea perk? 

 

 

according to whats in that ncl document yes, its really clear offer or shareholder benefit, but thats i read it and was explained on the phone 

 

carnival has zero rules like this, you own shares no matter  what you book and pay you get the OBC 

 

[shof515]

1 minute ago, nj_flyer said:

according to whats in that ncl document yes, its really clear offer or shareholder benefit, but thats i read it and was explained on the phone 

 

looks like Norwegian is following the footsteps of Royal Caribbean that has similar restrictions. 

[nj_flyer]

6 minutes ago, shof515 said:

 

looks like Norwegian is following the footsteps of Royal Caribbean that has similar restrictions. 

that doesn't make it right, and i guess NCL wants to be a follower then a leader since they have to do what RC does 

[newty25]

Kinda makes sense.

 

As a shareholder, would you really want them to give away money?

[njkate]

25 minutes ago, newty25 said:

Kinda makes sense.

 

As a shareholder, would you really want them to give away money?

I have to agree on that. Minimum shares needed are 100, take someone who got in on that on ground floor or when it dipped, take multiple cruises a year, get this credit and the other perks as well, does not make financial sense for NCL. 

[shof515]

29 minutes ago, newty25 said:

Kinda makes sense.

 

As a shareholder, would you really want them to give away money?

 

i look at as an incentive TO cruise

they are some investors who are in it for the money/stocks and never cruise. At least with the on board credit offers, it kinda gives me a reason TO cruise and TO cruise on the Norwegian brand

[schildiams]

I literally almost just bought stock since prices dropped this week. Thanks for the heads up!

[newty25]

18 minutes ago, shof515 said:

 

i look at as an incentive TO cruise

they are some investors who are in it for the money/stocks and never cruise. At least with the on board credit offers, it kinda gives me a reason TO cruise and TO cruise on the Norwegian brand

 

You're thinking like a customer.

 

If you own stock in NCL, that doesn't give you an incentive to go on a cruise. The $100 OBC is barely an incentive either. No one thinks... "I spent $10k on this stock and I need to spend $2-3k (cruise, air, hotel, etc) for me and the wifey so I can go on a cruise to get my $100 bonus." Well, I hope no one thinks that way. You never know.

 

Furthermore, my understanding is that cruise lines make very little on the cruise fare. They make their nut on extras that you buy while on the ship (e.g., excursions, massages, photos, art, etc). Giving you OBC to buy those extras bites into their margin. And then earning suffer. If you truly own stock in the company, would you rather them give all the stock owners $100 or beat earnings next quarter? Personally, I'd opt for the latter.

 

I also would assume the loyalty/rewards (Latitude) program creates repeat business on its own without the promise of $100 from the stock program. And, if you're a member of Latitudes and own stock, you're probably not cruising with another cruise line. Hence, no need to give you additional OBC.

 

But, pure speculation on my part.

[PATRLR]

Guess I can tell me broker to feel free to dump the NCL stock.  He wasn't thrilled I told him he had to hang on to at least 100 shares.

 

[Cruiser_1977]

Be glad you get anything...there are VERY FEW companies that offer perks/rewards for shareholders. Buy stock based on historical performance and future prospects.

 

https://thecollegeinvestor.com/17179/companies-that-give-shareholders-perks-and-rewards/

[Mike_DeA]

1 hour ago, njkate said:

I have to agree on that. Minimum shares needed are 100, take someone who got in on that on ground floor or when it dipped, take multiple cruises a year, get this credit and the other perks as well, does not make financial sense for NCL. 

It doesn't matter when the person bought the shares, the purchase price goes to the former investor, not to the company, unless they purchased it as part of an IPO. 

 

They've had this in place for years and their financial performance has been good, this is just a way to further disenfranchise their most loyal customers who also invested in their stock.  Time will tell if it's a good move overall. 

 

The OBC does not cost the company the full value in most cases. 

 

I don't own the stock so there is no effect for me.  I did get several trips with OBC from Celebrtiy/RCCL when I owned that stock years ago.

[vince_g]

Reading this makes me glad I already received my shareholder OBC for my 2019 cruises.  Submitting my requests well in advance also saved me $150 when the $250 shareholder OBC went from 14+ nights to 15+.

[nj_flyer]

1 hour ago, newty25 said:

 

You're thinking like a customer.

 

If you own stock in NCL, that doesn't give you an incentive to go on a cruise. The $100 OBC is barely an incentive either. No one thinks... "I spent $10k on this stock and I need to spend $2-3k (cruise, air, hotel, etc) for me and the wifey so I can go on a cruise to get my $100 bonus." Well, I hope no one thinks that way. You never know.

 

Furthermore, my understanding is that cruise lines make very little on the cruise fare. They make their nut on extras that you buy while on the ship (e.g., excursions, massages, photos, art, etc). Giving you OBC to buy those extras bites into their margin. And then earning suffer. If you truly own stock in the company, would you rather them give all the stock owners $100 or beat earnings next quarter? Personally, I'd opt for the latter.

 

I also would assume the loyalty/rewards (Latitude) program creates repeat business on its own without the promise of $100 from the stock program. And, if you're a member of Latitudes and own stock, you're probably not cruising with another cruise line. Hence, no need to give you additional OBC.

 

But, pure speculation on my part.

Not true, i own NCL stock and cruise Carnival and perfer them but NCL is less expensive right now. BTW i am in Latitude ans well as carnivals program. 

back to carnival for me after this current cruise im booked on 

[Garrickg]

well dang,,, I just sent in my paperwork today.   not much benefit to the shareholder benefit.        RCL's stock has performed wonderfully, or I'd have dumped it when they changed the benefit rules.   

[Sxm13616]

You are reading old posts from 2004. 

[nj_flyer]

1 hour ago, Sxm13616 said:

You are reading old posts from 2004. 

yeah ok, i just started this thread this morning in 2018 

go troll another post 

 

Edited November 3, 2018 by nj_flyer

[don't-use-real-name]

The gist of this unless you are paying full fare (double occupancy) and not receiving any promos perks you get the $100 OBC*** ?

*** per stateroom - or individual - and still for each individual cruise booking ?

 

Consider dividends paid by the cruise lines in your investment:

 

RCL - $0.70 a share

CUK (Carnival) - $0.50 a share

NCL - $00.00 A BIG FAT ZERO NONE NADA NIL ZILCH

 

So Good Luck with that investment - unless of course you like buying high and selling low ! 

 

[tallyho8]

 This appears to be the same stockholder benefit that I have enjoyed for the last 10 years. I don't think it has anything to do with your free at sea perks as I have always gotten those along with my stockholder benefits.

This usually only applies to people who get special discounts like travel agents and casino guests.

[nj_flyer]

The policy has been changed and instead of specific offer exceptions that was listed in the old terms it now only says any offers are excluded, I got this today because I received obc but was told it just changed and I got it because they are making a exception to the new policy and refered

me

to this 

[shof515]

2 hours ago, Sxm13616 said:

You are reading old posts from 2004. 

 

No. No. No.. This is a new policy change.

 

Here is last year policy:

Quote

Are there any restrictions?

There can only be one shareholder credit per stateroom/suite and only one credit per shareholder reservation on any one sailing. Credit is applied on a per stateroom/suite basis. If you are requesting shareholder onboard credit for two or more separate staterooms/suites and shares are held jointly, a minimum of 100 shares per stateroom/suite booked must be held. Singles paying 200% are entitled to full onboard credit value. Any unused credit shall be forfeited and is not redeemable for cash. Benefit is non-transferable, excludes Reduced Rate programs (e.g. employee rates, interline, friends/family rates, vendor rates, cruises taken via cruise credit certificate, or free cruises earned through Oceania Cruises loyalty benefits), and Travel Agent Rates, and Charter and Incentive Groups. The Shareholder must own the Norwegian Cruise Line Holdings Ltd. stock at time of sailing. Offer is valid only for new reservations made on or after January 7, 2017. It may not be used toward onboard service charges or pre-purchased activities. Government taxes and fees are additional. Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises reserve the right to change or withdraw the offer at any time without notice, and are not responsible for typographical errors or omissions. Other terms and conditions may apply. Offer and combinability with other promotional offers is subject to change at any time per Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises discretion. Other terms, restrictions, and conditions may apply. Not applicable to Chartered Dates and Incentive Group Types.

 

Here is the new policy.

Quote

Are there any restrictions?

The Shareholder must own Norwegian Cruise Line Holdings Ltd. (NCLH) stock at the time of sailing. Benefit is not combinable with any other offer. Shareholders have the option to choose between the shareholder benefit or the other offer. Benefit is non-transferable and not available to employees, agents of Norwegian Cruise Line Holdings Ltd. or it subsidiaries and affiliates, travel agents and tour operators. Onboard credit is calculated in U.S. dollars and is not redeemable for cash. Certificate value credited to onboard account at the time of sailing and may not be used toward onboard service charges or pre-purchased activities. Any unused credit shall be forfeited. Credit is applied on a per stateroom basis; double occupancy. Single guests paying 200% of applicable fare shall receive full value of certificate. Only one shareholder credit per stateroom. Only one credit per shareholder on any one sailing. If you are requesting shareholder onboard credit for two or more separate staterooms and shares are held jointly, a minimum of 100 shares per stateroom booked must be held. Other terms and conditions apply.

 

Note the BOLD parts!.

Old policy says it is combinability with other promotional offers

New policy says it NOT combinable with any offers. It is very vague, but i think any offers could be the promotional offers like the free at sea, wave sales, promotional onboard credit, etc, etc

Edited November 3, 2018 by shof515

[nj_flyer]

2 minutes ago, shof515 said:

 

No. No. No.. This is a new policy change.

 

Here is last year policy:

 

 

 

Here is the new policy.

 

 

 

Note the BOLD parts!.

Old policy says it is combinability with other promotional offers

New policy says it NOT combinable with any offers. It is very vague, but i think any offers could be the promotional offers like the free at sea, wave sales, promotional onboard credit, etc, etc

Thank you for making my point clearer 

Edited November 3, 2018 by nj_flyer
Fix spelling

[katiecat]

13 hours ago, vince_g said:

Reading this makes me glad I already received my shareholder OBC for my 2019 cruises.  Submitting my requests well in advance also saved me $150 when the $250 shareholder OBC went from 14+ nights to 15+.

I thought we couldn't submit until 14 days in advance of our cruise? 

Not that it matters to much now but I'm still going to submit my forms.