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Buying Carnival RCL NCLH stock to get Shareholder Benfit OBC for Australasian crusers..


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1 hour ago, amatuercruiser said:

 

 

Small ups and downs of share market one thing...... but CCL (OFFICIALLY) Loosing $4.5 Billion in a quarter I think is unrecoverable. Hertz, Carnival, RCL,Norwegian I think are heading for Chap 11 .. (Through no fault of the cruise lines.)

 

And I have shares in all of those. Luckily I believe they can survive :-)

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5 minutes ago, MicCanberra said:

I don't have your optimism, I think they (cruise lines) will survive

 

How?

 

Lets assume 6 more months no USA Alaska cruises.

Japan Feb 2021 Maybe

Europe Jan 2021 maybe

 

Carnival lost 4.5 Billion last quarter.

 

2 More quarters layup costs at say 3.2 Billion a Quarter.

Interest payments on Junk Bonds at approx 12% for 7 months

 

Carnival Current Market  Capitalization

 $12.516B

 

There Losses are nearly bigger than the capitalization of Carnival.

 

I wish it was not true ..Carnival has done nothing wrong its just in the wrong place at the wrong time.

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7 hours ago, amatuercruiser said:

 

How?

 

Lets assume 6 more months no USA Alaska cruises.

Japan Feb 2021 Maybe

Europe Jan 2021 maybe

 

Carnival lost 4.5 Billion last quarter.

 

2 More quarters layup costs at say 3.2 Billion a Quarter.

Interest payments on Junk Bonds at approx 12% for 7 months

 

Carnival Current Market  Capitalization

 $12.516B

 

There Losses are nearly bigger than the capitalization of Carnival.

 

I wish it was not true ..Carnival has done nothing wrong its just in the wrong place at the wrong time.

 

It really does depend how long it goes for. I've been avoiding them (as mentioned earlier in the thread) since this started, as the risk was too high. That's why they're still raising funds now, and firming plans to sell things off, because the duration of this will potentially stretch them more. I'm not willing to say they will make it through - though of course they'll try everything they can to do so.

 

Also, interestingly, in the US side RCL have now taken some refunds out to 120 days to make payment (not that it's happened yet) so there's definitely a cash flow crunch being felt. And they can't just indefinitely raise new funds, and sell off ships to a market that doesn't want them.

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