ncl's future?

[cbb]

https://www.cnbc.com/2020/05/05/norwegian-cruise-line-says-theres-substantial-doubt-about-its-ability-to-continue-as-a-going-concern.html

[LHT28]

Was posted  in another thread   but maybe better  on it own thread

The line  will surely die  now

Another story

https://www.seatrade-cruise.com/news/nclh-boosts-liquidity-amended-loans-three-further-ships

 

 

 

 

[Paulchili]

1 hour ago, LHT28 said:

The line  will surely die  now

When you say that do you mean NCL or NCLH?

[CintiPam]

5 hours ago, Paulchili said:

When you say that do you mean NCL or NCLH?

The accountants’ “going concern” letter was issued regarding and affects the entire publicly-traded company, NCHL.  What that means is that the accountants are saying that unless additional money is raised, they fear the ongoing business as a whole will be insolvent within 12 months.  If things do not work out, normally you file for bankruptcy and you reorganize your debt.  Shareholders get screwed but the company may survive, just not with the same ownership.

 

Submitted by “recovering” (retired) securities attorney. 

Edited May 5, 2020 by CintiPam

[Paulchili]

5 minutes ago, CintiPam said:

The accountants’ “going concern” letter was issued regarding and affects the entire publicly-traded company, NCHL.  

Oh boy!

[LHT28]

5 hours ago, Paulchili said:

When you say that do you mean NCL or NCLH?

NCLH 

Panic will keep people from booking  any cruise  in the family

but  time will tell  if they can survive

I do hope so

[shank63]

NCHL successfully raised over $2 billion in capital this week in spite of the required disclosures noted.  This gives NCHL cash to survive 18 months with zero income, and many predict that ships will be sailing within 6 to 8 months, if not sooner.  According to Frank Del Rio, future bookings are strong at this point for 2021.  The answer is yes, NCHL will survive in some form or fashion. 

[Queen of DaNile]

Frank Del Rio on the future of NCHL:

 

https://youtu.be/NTWyNiX6iyI