Bin man Posted September 30, 2022 #1 Share Posted September 30, 2022 603.20-135.60 (-18.35%) guess things aren't good on half year results Link to comment Share on other sites More sharing options...
bbtablet Posted September 30, 2022 #2 Share Posted September 30, 2022 and 8 minutes later down to 560p! Link to comment Share on other sites More sharing options...
Rare Eddie99 Posted September 30, 2022 #3 Share Posted September 30, 2022 🦠 resurgence? Link to comment Share on other sites More sharing options...
dgs1956 Posted September 30, 2022 #4 Share Posted September 30, 2022 Bloody hell, what's caused that? Link to comment Share on other sites More sharing options...
GSPG Posted September 30, 2022 #5 Share Posted September 30, 2022 All the markets are falling, again. The Ukraine factor may have caused this with Russia’s annexation of four areas, and means at least the war will go on. Link to comment Share on other sites More sharing options...
Bin man Posted September 30, 2022 Author #6 Share Posted September 30, 2022 The cruise operator's revenue in the third quarter ended Aug. 31 rose to $4.31 billion from $546 million a year earlier, but missed analysts' average estimate of $4.90 billion, according to IBES data from Refinitiv. Net loss, however, narrowed to $770 million, or 65 cents per share, from $2.84 billion, or $2.50 per share, a year earlier. Link to comment Share on other sites More sharing options...
molecrochip Posted September 30, 2022 #7 Share Posted September 30, 2022 Results were ok but everybody wanted & expected better. Link to comment Share on other sites More sharing options...
majortom10 Posted September 30, 2022 #8 Share Posted September 30, 2022 1 minute ago, molecrochip said: Results were ok but everybody wanted & expected better. Sounds just like a cruise at the moment "ok but everybody wanted and expected better". 2 6 Link to comment Share on other sites More sharing options...
Cathygh Posted September 30, 2022 #9 Share Posted September 30, 2022 Closed at c£7. Link to comment Share on other sites More sharing options...
pete14 Posted September 30, 2022 #10 Share Posted September 30, 2022 15 minutes ago, Cathygh said: Closed at c£7. According to HL, closed about £5.80. ☹️🫣 Link to comment Share on other sites More sharing options...
BrianI Posted September 30, 2022 #11 Share Posted September 30, 2022 14 minutes ago, Cathygh said: Closed at c£7. This is the US dollar price. The London closing price was £5.818. A fall of 21.25% on the day. Brian Link to comment Share on other sites More sharing options...
wowzz Posted September 30, 2022 #12 Share Posted September 30, 2022 2 hours ago, BrianI said: This is the US dollar price. The London closing price was £5.818. A fall of 21.25% on the day. Brian That is unsustainable in the long run. If you buy 100 shares at that price, two 14 day cruises on Princess will generate $500 obc, so the shares are virtually yours for free. Link to comment Share on other sites More sharing options...
Son of Anarchy Posted October 1, 2022 #13 Share Posted October 1, 2022 Makes me wonder whether next year they will increase the number of shares you need to have in order to receive the shareholder OBC. 2 Link to comment Share on other sites More sharing options...
yorkshirephil Posted October 1, 2022 #14 Share Posted October 1, 2022 9 hours ago, wowzz said: That is unsustainable in the long run. If you buy 100 shares at that price, two 14 day cruises on Princess will generate $500 obc, so the shares are virtually yours for free. But only £300 if you cruise with P&O, it is time they levelled up again. 1 Link to comment Share on other sites More sharing options...
amajaa Posted October 1, 2022 #15 Share Posted October 1, 2022 9 minutes ago, yorkshirephil said: But only £300 if you cruise with P&O, it is time they levelled up again. it certainly is with the Dollar nearly level with the GBP, we Brits are losing out big time Link to comment Share on other sites More sharing options...
Cathygh Posted October 1, 2022 #16 Share Posted October 1, 2022 12 minutes ago, amajaa said: it certainly is with the Dollar nearly level with the GBP, we Brits are losing out big time Especially if you are on Cunard, Princess or any other line that uses US dollars. Link to comment Share on other sites More sharing options...
crompton21 Posted October 1, 2022 #17 Share Posted October 1, 2022 For the quarter 92% of the fleet was in use with a sold occupancy rate of 85%, this resulted in a loss of $770M. In very basic terms, to break even required an achievement of approx 20% more revenue than was actually achieved. I think this might be a factor in the drop (other significant factors are also available) Link to comment Share on other sites More sharing options...
wowzz Posted October 1, 2022 #18 Share Posted October 1, 2022 55 minutes ago, Cathygh said: Especially if you are on Cunard, Princess or any other line that uses US dollars. Although your obc is in USD on these lines, which obviously helps. Link to comment Share on other sites More sharing options...
amajaa Posted October 1, 2022 #19 Share Posted October 1, 2022 1 hour ago, Cathygh said: Especially if you are on Cunard, Princess or any other line that uses US dollars. We’ve just done 2 Princess cruises so we did get the dollar rate, unfortunately as each cruise was only 12 days you don’t get as much. Link to comment Share on other sites More sharing options...
bobstheboy Posted October 1, 2022 #20 Share Posted October 1, 2022 If I buy shares next week, when can I get the OBC ? I have two 14 day cruises for Jan next and Sep next year. Link to comment Share on other sites More sharing options...
wowzz Posted October 1, 2022 #21 Share Posted October 1, 2022 16 minutes ago, bobstheboy said: If I buy shares next week, when can I get the OBC ? I have two 14 day cruises for Jan next and Sep next year. As long as you claim 14 days (iirc) prior to your cruise, you will be fine. So no problem in your situation. 1 Link to comment Share on other sites More sharing options...
pete14 Posted October 1, 2022 #22 Share Posted October 1, 2022 2 hours ago, crompton21 said: For the quarter 92% of the fleet was in use with a sold occupancy rate of 85%, this resulted in a loss of $770M. In very basic terms, to break even required an achievement of approx 20% more revenue than was actually achieved. I think this might be a factor in the drop (other significant factors are also available) Not an expert, but my guess is that the occupancy rates are at least partially fuelled by future cruise credit bookings which may have been in the accounts when the original cancelled cruise was booked. We don’t know how much of that money was spent to keep Carnival going when cruises were not happening. It can only be spent once. Link to comment Share on other sites More sharing options...
molecrochip Posted October 1, 2022 #23 Share Posted October 1, 2022 6 hours ago, crompton21 said: For the quarter 92% of the fleet was in use with a sold occupancy rate of 85%, this resulted in a loss of $770M. In very basic terms, to break even required an achievement of approx 20% more revenue than was actually achieved. I think this might be a factor in the drop (other significant factors are also available) And for Q3 you normally expect circa 107% capacity across 100% of the fleet. 85% of 92% is 78%. So still 30% down on max capacity. Link to comment Share on other sites More sharing options...
bobstheboy Posted October 1, 2022 #24 Share Posted October 1, 2022 Is the OBC for share holders for all bookings, not just Select fares ? Link to comment Share on other sites More sharing options...
BrianI Posted October 1, 2022 #25 Share Posted October 1, 2022 10 minutes ago, bobstheboy said: Is the OBC for share holders for all bookings, not just Select fares ? Yes, available for all bookings. The amount varies according to the length of the cruise. Brian 1 Link to comment Share on other sites More sharing options...
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