shanni-shanni Posted December 27, 2020 #1 Share Posted December 27, 2020 Do you still get OBC for being Carnival shares owners? Tom Link to comment Share on other sites More sharing options...
CruiserBruce Posted December 27, 2020 #2 Share Posted December 27, 2020 As I understand it, they were approved for last cycle, starting mid 2020, but they are renewed annually, so given the situation, I wouldn't be surprised if they aren't renewed for the next cycle...particularly as dividends have been suspended. May have to wait for Carnival's financial state to improve before they are renewed. Link to comment Share on other sites More sharing options...
zelker Posted December 27, 2020 #3 Share Posted December 27, 2020 (edited) Yes, according to the Carnival corporate website. As it always does each year, it shows this one good through July (this one through July 2021). I'm sure if they had suspended it, they would take this down. 50351a91-4dc0-4f6b-bfec-684647e6129f (carnivalcorp.com) Edited December 27, 2020 by zelker Link to comment Share on other sites More sharing options...
Rare kazu Posted December 27, 2020 #4 Share Posted December 27, 2020 1 minute ago, CruiserBruce said: As I understand it, they were approved for last cycle, starting mid 2020, but they are renewed annually, so given the situation, I wouldn't be surprised if they aren't renewed for the next cycle...particularly as dividends have been suspended. May have to wait for Carnival's financial state to improve before they are renewed. It will be interesting to see what happens at the shareholders’ meeting. The Shareholders benefit has withstood a lot including 911. I actually think they will keep it in place to encourage cruising and to keep too many shares from being dumped 😉 Time will tell. 2 1 Link to comment Share on other sites More sharing options...
Tampa Girl Posted December 27, 2020 #5 Share Posted December 27, 2020 1 minute ago, kazu said: It will be interesting to see what happens at the shareholders’ meeting. The Shareholders benefit has withstood a lot including 911. I actually think they will keep it in place to encourage cruising and to keep too many shares from being dumped 😉 Time will tell. Good point. Now that I am thinking about it, we would dump our 200 shares if both dividends and the OBC are eliminated. 1 Link to comment Share on other sites More sharing options...
CruiserBruce Posted December 27, 2020 #6 Share Posted December 27, 2020 17 minutes ago, zelker said: Yes, according to the Carnival corporate website. As it always does each year, it shows this one good through July (this one through July 2021). I'm sure if they had suspended it, they would take this down. 50351a91-4dc0-4f6b-bfec-684647e6129f (carnivalcorp.com) The might not have taken it down, because its still good through July 2021...and they aren't sailing currently, so nothing lost. But when the shareholders meet in February (I think its Feb, maybe March) they will decide on July 2021-22. As opposed to dividends, which are paid quarterly, so they needed to take action to suspend them. 1 Link to comment Share on other sites More sharing options...
Rare ontheweb Posted December 27, 2020 #7 Share Posted December 27, 2020 Dividends are from earnings, which at the moment there are none. The shareholders OBC is a marketing tool. There is no reason to discontinue it; in fact doing so would be counterproductive at a time they need to lure passengers back. 7 Link to comment Share on other sites More sharing options...
HAL4NOW Posted December 27, 2020 #8 Share Posted December 27, 2020 I submitted a request for OBC for a September cruise (knowing it was a bit early) and someone from the World Cruise Reservation department phoned and said I should resubmit the request in April after they renew the OBC benefit. 1 Link to comment Share on other sites More sharing options...
leerathje Posted December 27, 2020 #9 Share Posted December 27, 2020 Hubby bought 125 shares earlier this year when they tanked....I think it was $8.00 per share? We have a Southern Caribbean cruise on the Rotterdam booked for December 2021....Hope they're still offering it, as I'd love to have $100. OBC!! L. Link to comment Share on other sites More sharing options...
rkacruiser Posted December 28, 2020 #10 Share Posted December 28, 2020 51 minutes ago, leerathje said: Hubby bought 125 shares earlier this year when they tanked....I think it was $8.00 per share? If normality returns, this may be an extremely wise investment. But, then, your husband will "kick himself" by asking "why didn't I buy more?" I experienced such a situation in 2009 when the cruise line shares tanked and I re-invested in RCI. Even with the current situation, I am still above water on those shares. 3 hours ago, kazu said: It will be interesting to see what happens at the shareholders’ meeting. This could be a shareholders meeting that would be of great interest to attend. If it is not held virtually. Where is this next one going to be? The U. S. or the U. K.? Some time ago, I attended a CCL Shareholders Meeting in Coral Gables that was a most interesting and pleasant experience. Few individual shareholders, but we were all treated with great respect, provided an excellent continental breakfast prior to the meeting, and were able to have conversations with some Board Members as well as with Mr. Arison and Mr. Cruise. It re-affirmed my belief that I had made an investment in a quality Company. Link to comment Share on other sites More sharing options...
leerathje Posted December 28, 2020 #11 Share Posted December 28, 2020 3 minutes ago, rkacruiser said: If normality returns, this may be an extremely wise investment. But, then, your husband will "kick himself" by asking "why didn't I buy more?" I experienced such a situation in 2009 when the cruise line shares tanked and I re-invested in RCI. Even with the current situation, I am still above water on those shares. No kicking ourselves....we only had $1500. CAD, and that 125 used up almost about all of it. L. 1 Link to comment Share on other sites More sharing options...
Rare richwmn Posted December 28, 2020 #12 Share Posted December 28, 2020 When CCL dropped the dividend a few years ago the OBC remained. That said, $100 OBC probably costs HAL around $40 so not really that bad. 1 Link to comment Share on other sites More sharing options...
KirkNC Posted December 28, 2020 #13 Share Posted December 28, 2020 CCL’s balance sheet has changed significantly over the last nine months. Tens of billions in debt and tens of millions of new shares issued. What happens to the shareholder credit is anyone’s guess but I would not be surprised if they suspend it. I am curious what the dollars rewarded annually under this program total? That cost versus the market impact of suspension will be interesting. Link to comment Share on other sites More sharing options...
KirkNC Posted December 28, 2020 #14 Share Posted December 28, 2020 5 hours ago, kazu said: It will be interesting to see what happens at the shareholders’ meeting. The Shareholders benefit has withstood a lot including 911. I actually think they will keep it in place to encourage cruising and to keep too many shares from being dumped 😉 Time will tell. Don’t think 9/11 is a good comparison. While tragic, it was a one time event of short duration. The pandemic has totally stopped cruising for a year (as of 3/21) and caused the company to massively alter its balance sheet. 1 Link to comment Share on other sites More sharing options...
Rare kazu Posted December 28, 2020 #15 Share Posted December 28, 2020 13 minutes ago, KirkNC said: Don’t think 9/11 is a good comparison. While tragic, it was a one time event of short duration. The pandemic has totally stopped cruising for a year (as of 3/21) and caused the company to massively alter its balance sheet. You’re right - it’s not the same but... A lot of people were nervous to travel after 911. Cruise prices dropped exponentially and ships were not full (at least not the one I was on). CCL kept the OBC. They wanted to encourage people to sail. I think they will keep it to incentivize and encourage people to sail. Of course, I could be wrong, I have been before. 😉 Time will tell. My main reason for buying the stock was for the OBC admittedly. I’ve never looked at it as an investment and been repaid well in OBC. If CCL decides to cancel that benefit, I’ll sell my stock at the appropriate time. I am pretty sure I won’t be the only one. 1 Link to comment Share on other sites More sharing options...
leerathje Posted December 28, 2020 #16 Share Posted December 28, 2020 I'm curious...how often can you use the OBC? Is it once a year? I read the info sheet from Carnival, but it doesn't say.... L. Link to comment Share on other sites More sharing options...
Rare kazu Posted December 28, 2020 #17 Share Posted December 28, 2020 Just now, leerathje said: I'm curious...how often can you use the OBC? Is it once a year? I read the info sheet from Carnival, but it doesn't say.... L. As often as you have a cruise booked. I don’t cruise as much as some but one year, I used it 3 times. 😉 for 3 different cruises. Link to comment Share on other sites More sharing options...
leerathje Posted December 28, 2020 #18 Share Posted December 28, 2020 6 minutes ago, kazu said: As often as you have a cruise booked. I don’t cruise as much as some but one year, I used it 3 times. 😉 for 3 different cruises. Really??? Hmmm! L. Link to comment Share on other sites More sharing options...
CruiserBruce Posted December 28, 2020 #19 Share Posted December 28, 2020 9 hours ago, leerathje said: I'm curious...how often can you use the OBC? Is it once a year? I read the info sheet from Carnival, but it doesn't say.... L. No limitation on number of uses...except one per cruise. Link to comment Share on other sites More sharing options...
Rare ontheweb Posted December 28, 2020 #20 Share Posted December 28, 2020 18 minutes ago, CruiserBruce said: No limitation on number of uses...except one per cruise. And one per cabin. So if two or more people in a cabin have the stock, there can only be on stockholder OBC. Link to comment Share on other sites More sharing options...
PORT ROYAL Posted December 28, 2020 #21 Share Posted December 28, 2020 (edited) 10 hours ago, leerathje said: I'm curious...how often can you use the OBC? Is it once a year? I read the info sheet from Carnival, but it doesn't say.... L. Use 5/6 times per year on Cunard, mostly for b2b’s As it was cost effective, even chopped up our QM WC 2021 into separate voyages (same stateroom) to gain additional OBC for Cunard Fare and. Shareholder Benefit, but WC was cancelled. 2022 WC on QV was not cost effective, just awaiting 2023 WC releases to do the Spreadsheet Math. Edited December 28, 2020 by PORT ROYAL Typo Link to comment Share on other sites More sharing options...
DaveOKC Posted December 28, 2020 #22 Share Posted December 28, 2020 And you can use it on back to back cruises. Last time since we did 2, 7 day cruises we got $125 each (the amount normally for a 14 day cruise). Link to comment Share on other sites More sharing options...
KirkNC Posted December 28, 2020 #23 Share Posted December 28, 2020 I think our record was eight times in a year. We have received thousands in OBC under this program. Much much more then we paid for the stock. Link to comment Share on other sites More sharing options...
Rare ontheweb Posted December 28, 2020 #24 Share Posted December 28, 2020 7 minutes ago, KirkNC said: I think our record was eight times in a year. We have received thousands in OBC under this program. Much much more then we paid for the stock. Yes, a wonderful perk, and tax free. Link to comment Share on other sites More sharing options...
StLouisCruisers Posted December 28, 2020 #25 Share Posted December 28, 2020 We've used it 8 times in 2017 and 6 times in 2016. B2b's really add up. I tried to add it up once and stopped at around $10,000. Well worth the investment. 1 Link to comment Share on other sites More sharing options...
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