In accordance with Carnival Corporation & plc's (NYSE/LSE: CCL; NYSE: CUK) previously announced Stock Swap (Plc Share Sale /Corp. Stock Repurchase) programme, Carnival Corporation & plc announces that on 19th November 2009 Carnival Investments Limited (a wholly owned subsidiary of Carnival Corporation) sold 75,000 existing ordinary shares that it held in Carnival plc at an average price of £20.32913472 per share. The highest price received for the ordinary shares was £20.47 per share and the lowest price received was £20.25 per share.
This information is provided by RNS
The company news service from the London Stock Exchange
In accordance with Carnival Corporation & plc's (NYSE/LSE: CCL; NYSE: CUK) previously announced Stock Swap (Plc Share Sale /Corp. Stock Repurchase) programme, Carnival Corporation & plc announces that on 18th November 2009 Carnival Investments Limited (a wholly owned subsidiary of Carnival Corporation) sold 100,000 existing ordinary shares that it held in Carnival plc at an average price of £20.72460966 per share. The highest price received for the ordinary shares was £20.84 per share and the lowest price received was £20.65 per share.
This information is provided by RNS
The company news service from the London Stock Exchange
In accordance with Carnival Corporation & plc's (NYSE/LSE: CCL; NYSE: CUK) previously announced Stock Swap (Plc Share Sale /Corp. Stock Repurchase) programme, Carnival Corporation & plc announces that on 17th November 2009 Carnival Investments Limited (a wholly owned subsidiary of Carnival Corporation) sold 100,000 existing ordinary shares that it held in Carnival plc at an average price of £20.55058695 per share. The highest price received for the ordinary shares was £20.63 per share and the lowest price received was £20.50 per share.
This information is provided by RNS
The company news service from the London Stock Exchange
In accordance with Carnival Corporation & plc's (NYSE/LSE: CCL; NYSE: CUK) previously announced Stock Swap (Plc Share Sale /Corp. Stock Repurchase) programme, Carnival Corporation & plc announces that on 16th November 2009 Carnival Investments Limited (a wholly owned subsidiary of Carnival Corporation) sold 100,000 existing ordinary shares that it held in Carnival plc at an average price of £20.60085984 per share. The highest price received for the ordinary shares was £20.70 per share and the lowest price received was £20.51 per share.
This information is provided by RNS
The company news service from the London Stock Exchange
UBS: Princess newbuild order may be near
Thursday, 12 November 2009 20:52
In an analysts meeting today on board Carnival Dream in New York, management’s tone ‘marked a definite change around newbuild orders’ with Carnival Corp. & plc now expecting a Princess newbuild order to be completed before year end or shortly after, UBS Investment Research said in a note.
This could make a 2012 delivery possible, said UBS analyst Robin Farley.
Carnival indicated post-2011 capacity will grow by two to three ships a year, though at a rate much lower than at the industry’s average growth rate, Farley said. Total capital expenditure levels for those years is expected in the approximately $2bn to $2.5bn range.
UBS also reiterated, as the brokerage has stated since summer, that Carnival will likely reinstate its dividend by the first quarter of 2010, though likely not at the prior 40-cent per quarter level.
Farley added that Carnival is not seeing the weakness in the Florida source market reported by Royal Caribbean Cruises Ltd. during its Nov. 3 earnings call.
UBS affirmed its ‘buy’ rating on CCL and a target price of $46.
I can only assume by the lack of comment that everybody is confused why CCL have been going up. The $ has been weekening but this has as many negative effects on the books as positive, the majority of their market is still in the US so a weaker $ there has a similar affect as a week pound here. It is the British , German and Australian side of the company who benefit from a weak $ , but a weak $ may also result in increase oil prices.
This share still does not pay a dividend and there is not due to be a dividend paid until next year at the earliest. Therefore any investment in this share is as a punt or a long term investment and neither look very appealing at this price. The current price is as high as they were prior to the recession when they were paying a dividend. After the affects of the last year has it appears strange that people are still prepared to gamble on inflated share prices in volatile industries.
The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
