Jenjen 232 Posted March 16, 2020 Report Share Posted March 16, 2020 The email today that Cunard and P&O would sail back to Southampton empty, and suspend cruises until April 11 th ? with no med ports to dock at I did wonder what would happen and not just the Med, Norway the Baltic the world is getting smaller As I said in my last post, I could not cope being confined to my cabin, nor not being to dock at ports. this will have a effect on all cruise lines sadly Quote Link to post Share on other sites
Oldworldtraveller 2217 Posted March 16, 2020 Report Share Posted March 16, 2020 Arrived home this morning. We were refused entry to Casablanca and Gibraltar. Docked in Malaga a day early but weren't allowed off the ship until yesterday and then only to board the coaches to the airport. Have to say that the Capt. Steve James, his officers and crew on Marella Dream were fantastic. Regular updates from the bridge and a crew that kept smiling even though they don't know their future and in many cases are thousands of miles from home. DavidH 1 Quote Link to post Share on other sites
afcandrew 353 Posted March 18, 2020 Report Share Posted March 18, 2020 Its a terrible situation for all cruise lines and they are going to take a big hit for a while. As you say, also dreadful for all the crew. It might dent the market for a year or so but then I am sure it will bounce back. Just as well I wasn't thinking of selling my Carnival shares in the foreseeable future... Quote Link to post Share on other sites
Oldworldtraveller 2217 Posted March 18, 2020 Report Share Posted March 18, 2020 39 minutes ago, afcandrew said: Just as well I wasn't thinking of selling my Carnival shares in the foreseeable future... Could be a good time to buy though, £7.96 per share this morning and RCI closed at $25.68 down from a high of $132. DavidH 1 Quote Link to post Share on other sites
DavidH 588 Posted March 18, 2020 Report Share Posted March 18, 2020 Hi OWT, Do hope that's not a "Panic Buy" you're suggesting. 😁 DavidH afcandrew and HLM 1 1 Quote Link to post Share on other sites
Jenjen 232 Posted March 19, 2020 Author Report Share Posted March 19, 2020 12 hours ago, DavidH said: Hi OWT, Do hope that's not a "Panic Buy" you're suggesting. 😁 DavidH Not a bad idea, better than loo rolls afcandrew 1 Quote Link to post Share on other sites
sinbad10 753 Posted March 19, 2020 Report Share Posted March 19, 2020 14 minutes ago, Jenjen said: Not a bad idea, better than loo rolls Think you would be better off buying shares in loo roll manufacturers than Carnival at the moment as there is a very high chance of Carnival going under and it will not be only loo roll going down the toilet. Quote Link to post Share on other sites
Oldworldtraveller 2217 Posted March 19, 2020 Report Share Posted March 19, 2020 3 hours ago, sinbad10 said: as there is a very high chance of Carnival going under What is this based on Sinbad10? Quote Link to post Share on other sites
sinbad10 753 Posted March 19, 2020 Report Share Posted March 19, 2020 2 hours ago, Oldworldtraveller said: What is this based on Sinbad10? Borrowing $3bn https://travelweekly.co.uk/articles/363253/carnival-corportion-agrees-3bn-in-borrowing-as-cruises-halted and the collapse of their share price, payment of new build ships yet to be delivered or built and the high chance that they will struggle to attract new customers to fill super cruise ships after recent publicity putting off new customers. Oldworldtraveller 1 Quote Link to post Share on other sites
Oldworldtraveller 2217 Posted March 19, 2020 Report Share Posted March 19, 2020 Thanks for that sinbad10. This is one I picked up from the NYSM re RCI. https://seekingalpha.com/article/4333021-take-long-view-royal-caribbean-cruises?mod=mw_quote_news This one from an analyst relating to CCL. https://seekingalpha.com/article/4332081-carnival-corp-and-real-value At the end of the day I suppose it comes down to the qualifications of the writer and who you believe. Quote Link to post Share on other sites
afcandrew 353 Posted March 23, 2020 Report Share Posted March 23, 2020 On 3/18/2020 at 11:16 AM, Oldworldtraveller said: Could be a good time to buy though, £7.96 per share this morning and RCI closed at $25.68 down from a high of $132. I don't really cruise with lines in the RCI stable enough to make it worth my while... Quote Link to post Share on other sites
afcandrew 353 Posted March 23, 2020 Report Share Posted March 23, 2020 On 3/19/2020 at 12:15 PM, sinbad10 said: Think you would be better off buying shares in loo roll manufacturers than Carnival at the moment as there is a very high chance of Carnival going under and it will not be only loo roll going down the toilet. If there is a high chance of Carnival Corp going under, then there is a pretty good chance of most cruise lines going under. Not impossible but unlikely imho... Then of course there is all the land-based tour operators and airlines... Then of course all the cafes, restaurants, bars etc. I am sure governments will come up with some sort of strategy to help the world through the massive depression ahead. towny44 and *Dancing Queen* 2 Quote Link to post Share on other sites
Jenjen 232 Posted March 23, 2020 Author Report Share Posted March 23, 2020 Today don’t think it’s a good time to play the stock market if we come out of this time money is going to be short, prices sky high, our Government has not got the money for all the bailout projects only my humble opinion of causes Quote Link to post Share on other sites
afcandrew 353 Posted March 23, 2020 Report Share Posted March 23, 2020 8 minutes ago, Jenjen said: Today don’t think it’s a good time to play the stock market if we come out of this time money is going to be short, prices sky high, our Government has not got the money for all the bailout projects only my humble opinion of causes The only consolation Jenjen is that much of the world will be in the same boat (pardon the pun). Quote Link to post Share on other sites
Oldworldtraveller 2217 Posted March 23, 2020 Report Share Posted March 23, 2020 On 3/19/2020 at 12:15 PM, sinbad10 said: Think you would be better off buying shares in loo roll manufacturers than Carnival at the moment as there is a very high chance of Carnival going under and it will not be only loo roll going down the toilet. I see that both RCI and Carnival shares are on the rise. £8.28 for Carnival and $28.23 for RCI. Slow but steady, will it continue. pennbank 1 Quote Link to post Share on other sites
towny44 229 Posted March 23, 2020 Report Share Posted March 23, 2020 1 hour ago, Oldworldtraveller said: I see that both RCI and Carnival shares are on the rise. £8.28 for Carnival and $28.23 for RCI. Slow but steady, will it continue. They both have a long way to go after losing over 82% of their value. Quote Link to post Share on other sites
Oldworldtraveller 2217 Posted March 24, 2020 Report Share Posted March 24, 2020 9 hours ago, towny44 said: They both have a long way to go after losing over 82% of their value. They certainly have but I see that Carnival are up again at £9.05 this morning. Should I buy now, that is the questions? 🤔 Quote Link to post Share on other sites
afcandrew 353 Posted March 24, 2020 Report Share Posted March 24, 2020 The Covid-19 issue has simply underlined that playing the Stock Market is always going to be a gamble. Quote Link to post Share on other sites
sinbad10 753 Posted March 24, 2020 Report Share Posted March 24, 2020 They were higher day before yesterday and then they fell again yesterday and have now risen again so very volatile and still a very big gamble and you could still lose a lot of money. Quote Link to post Share on other sites
Jenjen 232 Posted March 24, 2020 Author Report Share Posted March 24, 2020 After Spanish flu we had a big, big stock market crash Anybody could play the long game, seeing a investment rise, even up a lot, than could go bang. I for one could not risk that. my. Biggest hope me and mine come out this alive, if my holiday is the back garden with something to eat and a bit of sunshine so be it. to all, stay safe, stay well. nice to share thoughts afcandrew 1 Quote Link to post Share on other sites
towny44 229 Posted March 24, 2020 Report Share Posted March 24, 2020 9 minutes ago, Jenjen said: After Spanish flu we had a big, big stock market crash Anybody could play the long game, seeing a investment rise, even up a lot, than could go bang. I for one could not risk that. my. Biggest hope me and mine come out this alive, if my holiday is the back garden with something to eat and a bit of sunshine so be it. to all, stay safe, stay well. nice to share thoughts I believe the wall st crash in 1929 followed a massive, unsustainable post WW1 boom, so Spanish Flu just after the war did not seem to have such a negative market effect. But that's not to say that Covid19 won't result in a massive depression. Quote Link to post Share on other sites
Oldworldtraveller 2217 Posted March 24, 2020 Report Share Posted March 24, 2020 (edited) Carnival at close now £10.67 and RCI $35.55, decision made. Edited March 24, 2020 by Oldworldtraveller Quote Link to post Share on other sites
DavidH 588 Posted March 24, 2020 Report Share Posted March 24, 2020 When it comes to investment, it's not "timing" but "time in" that really counts. DavidH afcandrew and Oldworldtraveller 2 Quote Link to post Share on other sites
afcandrew 353 Posted March 25, 2020 Report Share Posted March 25, 2020 Like most folk, I only bought Carnival Shares for the obc. When I stop sailing with P&O (and all the other Carnival Brands), I will make sure I sell them without loss, even if I have to wait a while. Quote Link to post Share on other sites
Jenjen 232 Posted March 25, 2020 Author Report Share Posted March 25, 2020 I was given mine over 30years ago seems amazing that we were given them with our wages! When they were not worth so much, but like you adds OBC It was when they became Carnival share the value went up so much, Quote Link to post Share on other sites
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