rkacruiser Posted August 1, 2022 #101 Share Posted August 1, 2022 7 hours ago, iancal said: Could be none of the above, could be nothing. But imaginations tend to race in an industry environment like currently exists. If one believes in the industry, if one believes in an investment one has made in the industry, what one must do is to "hang tight". Granted that the "seas" are more rough than they have been. But, for those who have been long time investors, patience and confidence in those who operate the companies will find "smoother seas". Why wouldn't they? Do they want their stock options to become worthless? Link to comment Share on other sites More sharing options...
Rare BermudaBound2014 Posted August 2, 2022 Author #102 Share Posted August 2, 2022 47 minutes ago, rkacruiser said: If one believes in the industry, if one believes in an investment one has made in the industry, what one must do is to "hang tight". Granted that the "seas" are more rough than they have been. But, for those who have been long time investors, patience and confidence in those who operate the companies will find "smoother seas". Why wouldn't they? Do they want their stock options to become worthless? Of course they want their stock options to have value but we’ve never been here. Not even close to this level of debt. They are borrowing money to make Payments. Perhaps smoother seas require wiping out the debt and starting over? Or just selling off parts of the whole? But I don’t see how restructuring can be avoided entirely. Link to comment Share on other sites More sharing options...
iancal Posted August 2, 2022 #103 Share Posted August 2, 2022 (edited) 1 hour ago, rkacruiser said: If one believes in the industry, if one believes in an investment one has made in the industry, what one must do is to "hang tight". Granted that the "seas" are more rough than they have been. But, for those who have been long time investors, patience and confidence in those who operate the companies will find "smoother seas". Why wouldn't they? Do they want their stock options to become worthless? The challenge with stock options is that they typically have a vesting date AND an expiry date. And a strike price. Or PPU grants tied to very specific financial targets. If the stock is under water at the option strike price/expiry date they have zero value. Edited August 2, 2022 by iancal 2 1 Link to comment Share on other sites More sharing options...
Rare HappyInVan Posted August 3, 2022 #104 Share Posted August 3, 2022 Back on topic. Anyone know what happened to the latest $1b offer? CCL market price immediately fell below the offer price. Did the underwriters underwrite, or is CCL in deep deep trouble? Link to comment Share on other sites More sharing options...
Rare BermudaBound2014 Posted August 3, 2022 Author #105 Share Posted August 3, 2022 6 hours ago, HappyInVan said: Back on topic. Anyone know what happened to the latest $1b offer? CCL market price immediately fell below the offer price. Did the underwriters underwrite, or is CCL in deep deep trouble? The offer closed with Goldman Sacs on July 25th as scheduled. https://www.carnivalcorp.com/news-releases/news-release-details/carnival-corporation-plc-announces-closing-1-billion-offering Link to comment Share on other sites More sharing options...
JesseLivermore Posted August 8, 2022 #106 Share Posted August 8, 2022 so it would have been a good trade (hindsight 20/20) and i might for future cruises since I used OBC for Inet and arch supports 😉 Got some AK taxes refunded too for some reason.. Link to comment Share on other sites More sharing options...
Rare Gail & Marty sailing away Posted August 8, 2022 #107 Share Posted August 8, 2022 On 7/28/2022 at 7:53 PM, rkacruiser said: Personally, I think there is too much day trading going on that is influencing the prices for all of the cruise lines. I agree with you. 1 Link to comment Share on other sites More sharing options...
Rare Gail & Marty sailing away Posted August 8, 2022 #108 Share Posted August 8, 2022 My guess long term Bonds. Link to comment Share on other sites More sharing options...
LocoLoco1 Posted August 8, 2022 #109 Share Posted August 8, 2022 I can’t resist: Whirlpool just bought Insinkerator for $3/Billion. BILLION. Link to comment Share on other sites More sharing options...
smarks Posted August 8, 2022 #110 Share Posted August 8, 2022 On 7/21/2022 at 12:27 AM, BermudaBound2014 said: You nailed it- one big house of cards. gotta give them credit for still being able to raise money. Did you see the big bonuses they passed out during covid? Maybe they are filling their pockets before they sink. 1 Link to comment Share on other sites More sharing options...
Rare BermudaBound2014 Posted August 8, 2022 Author #111 Share Posted August 8, 2022 2 minutes ago, smarks said: Did you see the big bonuses they passed out during covid? Maybe they are filling their pockets before they sink. Did you see the amount of shares that moved hands w/ Arnold Donald just before he left last week? Or Joshua Weinstein? Take a look at these SEC filings. Click on the "W" to read the details. https://www.carnivalcorp.com/financial-information/sec-filings/all Link to comment Share on other sites More sharing options...
Rare BermudaBound2014 Posted October 18, 2022 Author #112 Share Posted October 18, 2022 (edited) Well, CCL just offered up another 1.25 Billion Senior notes and are contributing 12 Ships. They need this money to make debt payments. Borrowing to pay interest payments doesn't look good. I'm unclear if this means they will transferring ownership of the 12 ships (still operating under CCL, but protecting against BK) or if they are just putting up as collateral like RCL did with Celebrity. No word on which ships are being used in this deal. https://finance.yahoo.com/news/carnival-corporation-plc-announces-offering-114400398.html Times are tough and getting tougher. RCL and NCLH both file their quarterlies in a few weeks. Buckle up again. Edited October 18, 2022 by BermudaBound2014 1 Link to comment Share on other sites More sharing options...
Rare Gail & Marty sailing away Posted October 18, 2022 #113 Share Posted October 18, 2022 18 minutes ago, BermudaBound2014 said: Well, CCL just offered up another 1.25 Billion Senior notes and are contributing 12 Ships. They need this money to make debt payments. Borrowing to pay interest payments doesn't look good. I'm unclear if this means they will transferring ownership of the 12 ships (still operating under CCL, but protecting against BK) or if they are just putting up as collateral like RCL did with Celebrity. No word on which ships are being used in this deal. https://finance.yahoo.com/news/carnival-corporation-plc-announces-offering-114400398.html Times are tough and getting tougher. RCL and NCLH both file their quarterlies in a few weeks. Buckle up again. Please post if you find out. 1 Link to comment Share on other sites More sharing options...
Rare carlmm Posted October 18, 2022 #114 Share Posted October 18, 2022 33 minutes ago, BermudaBound2014 said: Well, CCL just offered up another 1.25 Billion Senior notes and are contributing 12 Ships. They need this money to make debt payments. Borrowing to pay interest payments doesn't look good. I'm unclear if this means they will transferring ownership of the 12 ships (still operating under CCL, but protecting against BK) or if they are just putting up as collateral like RCL did with Celebrity. No word on which ships are being used in this deal. https://finance.yahoo.com/news/carnival-corporation-plc-announces-offering-114400398.html Times are tough and getting tougher. RCL and NCLH both file their quarterlies in a few weeks. Buckle up again. Things develop much worse than I had expected. Yet, there is also the positive side of all operations, i.e. the cruisships we might like, will go on. Link to comment Share on other sites More sharing options...
Rare BermudaBound2014 Posted October 18, 2022 Author #115 Share Posted October 18, 2022 2 hours ago, carlmm said: Things develop much worse than I had expected. Yet, there is also the positive side of all operations, i.e. the cruisships we might like, will go on. yes- cruising will go on, but I suspect it is likely going to look very different. Link to comment Share on other sites More sharing options...
Rare BermudaBound2014 Posted October 19, 2022 Author #116 Share Posted October 19, 2022 Interesting turn of events: cCL raised the offering to 2.05 Billion at a whopping 10.28%. They had strong investor interest likely due to “contributing” 12 cruise ships to sweeten the deal. “In connection with the offering of the Senior Priority Notes, the Company and its subsidiaries will contribute 12 unencumbered vessels to the Issuer, with each of these vessels continuing to be operated under one of the Company's, Carnival plc's or one of their subsidiaries' brands.” https://finance.yahoo.com/news/carnival-corporation-plc-announces-upsizing-230100788.html Link to comment Share on other sites More sharing options...
newtocruiseinblue Posted October 19, 2022 #117 Share Posted October 19, 2022 30 minutes ago, BermudaBound2014 said: Interesting turn of events: cCL raised the offering to 2.05 Billion at a whopping 10.28%. They had strong investor interest likely due to “contributing” 12 cruise ships to sweeten the deal. “In connection with the offering of the Senior Priority Notes, the Company and its subsidiaries will contribute 12 unencumbered vessels to the Issuer, with each of these vessels continuing to be operated under one of the Company's, Carnival plc's or one of their subsidiaries' brands.” https://finance.yahoo.com/news/carnival-corporation-plc-announces-upsizing-230100788.html I noticed a mention of Carnival Bermuda under one article. Not sure if it means anything..."As part of the deal, the company and subsidiaries will contribute 12 unencumbered vessels to Carnival Bermuda which will continue to be operated under of the company's Carnival plc's or another unit's brands" 1 Link to comment Share on other sites More sharing options...
Rare BermudaBound2014 Posted October 19, 2022 Author #118 Share Posted October 19, 2022 Looks like a shell game to me but what do I know. 2 Link to comment Share on other sites More sharing options...
mcrcruiser Posted October 19, 2022 #119 Share Posted October 19, 2022 A possible solution just keep adding more stock to the bloat . already added 2 billion new shares so why not 3 or 4 more billion shares ? Link to comment Share on other sites More sharing options...
JesseLivermore Posted October 19, 2022 #120 Share Posted October 19, 2022 2 hours ago, mcrcruiser said: A possible solution just keep adding more stock to the bloat . already added 2 billion new shares so why not 3 or 4 more billion shares ? b/c I just bought a 100 @ $7.60 😉 Hopefully they keep the OBC going atleast Link to comment Share on other sites More sharing options...
Rare Gail & Marty sailing away Posted October 19, 2022 #121 Share Posted October 19, 2022 5 hours ago, newtocruiseinblue said: I noticed a mention of Carnival Bermuda under one article. Not sure if it means anything..."As part of the deal, the company and subsidiaries will contribute 12 unencumbered vessels to Carnival Bermuda which will continue to be operated under of the company's Carnival plc's or another unit's brands" Carnival Bermuda?????? 2 Link to comment Share on other sites More sharing options...
Rare Mary229 Posted October 19, 2022 #122 Share Posted October 19, 2022 Here is the CCL press release https://www.carnivalcorp.com/news-releases/news-release-details/carnival-corporation-plc-announces-upsizing-and-pricing-203 Link to comment Share on other sites More sharing options...
mcrcruiser Posted October 19, 2022 #123 Share Posted October 19, 2022 3 hours ago, Mary229 said: Here is the CCL press release https://www.carnivalcorp.com/news-releases/news-release-details/carnival-corporation-plc-announces-upsizing-and-pricing-203 anyof the financing instruments carry high interest charges .This gives CCL the cash to operate but at a high debt service cost .Now compare the issuing of new billions of shares that pay no dividends ,now this is free money & no strings attached .That is the difference between issuing new shares any other debt instruments .Today Wednesday ,Oct 19 ,2022 CCL stock futures have turned red 1 Link to comment Share on other sites More sharing options...
LocoLoco1 Posted October 19, 2022 #124 Share Posted October 19, 2022 Who would actually WANT CCL’s mid-size ships?? Newer Mega-ships are the $money-making$ trend. Boutique Luxury liners also make a profit. Methinks bloated numbers of plain-jane vessels out there now that they can’t fill without cheap fares is brutal for the whole industry’s future. Nobody wants to say ‘Uncle’ and downsize first. What a mess.. 1 Link to comment Share on other sites More sharing options...
mcrcruiser Posted October 19, 2022 #125 Share Posted October 19, 2022 On 8/8/2022 at 7:44 AM, BermudaBound2014 said: Did you see the amount of shares that moved hands w/ Arnold Donald just before he left last week? Or Joshua Weinstein? Take a look at these SEC filings. Click on the "W" to read the details. https://www.carnivalcorp.com/financial-information/sec-filings/all This type of lining ones pockets is nothing new with the top of the pyramid 1 Link to comment Share on other sites More sharing options...
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