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Royal caribbean shares.

  • 09-03-2020 4:50pm
    #1
    Registered Users Posts: 1,574 ✭✭✭ adam88


    Would anyone take a gamble on RCL shares. Euro has strengthened against the pound and their share price has tumbled big time due to coronavirus???

    It’s looking like a well calculated gamble on my side. Worth a few K


Comments

  • Registered Users Posts: 1,995 ✭✭✭ Sabre Man


    Press release today
    https://www.rclinvestor.com/press-releases/release/?id=1462

    Basically bolstering liquidity and reducing expenses.


  • Registered Users Posts: 1,574 ✭✭✭ adam88


    Sabre Man wrote: »
    Press release today
    https://www.rclinvestor.com/press-releases/release/?id=1462

    Basically bolstering liquidity and reducing expenses.

    Is it a good buy ?


  • Moderators, Business & Finance Moderators Posts: 7,817 Mod ✭✭✭✭ Jim2007


    adam88 wrote: »
    Is it a good buy ?

    If you have to ask the question, then no it is not for you. Did you understand the underlying message in the statement? Have you read the financial reports? Where is the company going to get the financial depth facing into a double crisis? How does it stack up against it’s competitors? Who is more likely to survive? These are the things you need to consider before you make a move!


  • Registered Users Posts: 2,284 wyndham


    The cruise industry has been damaged irreparably by Covid 19. Even before now it had problems with norovirus outbreaks. Wouldn't go on a cruise now, even for free, for the foreseeable future and most people would have a similar outlook.


  • Moderators, Business & Finance Moderators Posts: 7,817 Mod ✭✭✭✭ Jim2007


    wyndham wrote: »
    The cruise industry has been damaged irreparably by Covid 19. Even before now it had problems with norovirus outbreaks. Wouldn't go on a cruise now, even for free, for the foreseeable future and most people would have a similar outlook.

    There is a more basic problem - their customer base is declining and even dying out. The main customer over the past while busting the market has been the retiring baby boomers with time and money on their hands. By the time a recovery does happen they’ll be to old for it.

    Probably a good time to start thinking about what the baby boomers will need next... looking at REITs that own retirement homes and gated communities might be worth looking into.


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  • Registered Users Posts: 1,995 ✭✭✭ Sabre Man


    Jim2007 wrote: »
    There is a more basic problem - their customer base is declining and even dying out. The main customer over the past while busting the market has been the retiring baby boomers with time and money on their hands. By the time a recovery does happen they’ll be to old for it.

    Probably a good time to start thinking about what the baby boomers will need next... looking at REITs that own retirement homes and gated communities might be worth looking into.

    I think Royal Caribbean appeals to younger people too. Eg. there are lots of activities for kids.


  • Registered Users Posts: 783 ✭✭✭ The Phantom Jipper


    Hopefully you didn't buy them yesterday anyway!


  • Registered Users Posts: 1,574 ✭✭✭ adam88


    Making a nice few pound on RCL lately. Thankfully I’ve time to actively manage and keep an eye on them.


  • Registered Users Posts: 5,227 ✭✭✭ The J Stands for Jay


    Sabre Man wrote: »
    I think Royal Caribbean appeals to younger people too. Eg. there are lots of activities for kids.

    Being stuck in a giant floating apartment block with no way out with the kids and a recent history of viral outbreaks? Nope.


  • Registered Users Posts: 373 ✭✭ JMMCapital


    Sabre Man wrote: »
    Press release today
    https://www.rclinvestor.com/press-releases/release/?id=1462

    Basically bolstering liquidity and reducing expenses.

    And the new debt has been issued with annual interest payments of 13% vs 1% it would have paid if it raised last year. The cruise industry is a niche market it's customers are very infrequent it will suffer for several years to come, I would avoid...


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  • Registered Users Posts: 1,574 ✭✭✭ adam88


    JMMCapital wrote: »
    And the new debt has been issued with annual interest payments of 13% vs 1% it would have paid if it raised last year. The cruise industry is a niche market it's customers are very infrequent it will suffer for several years to come, I would avoid...

    I had a grand to play with. Was buying and selling last few weeks. Made 870 euros. I realise I was lucky but Twas fun. Something to pass away the time


  • Registered Users Posts: 1,030 ✭✭✭ lg123


    JMMCapital wrote: »
    And the new debt has been issued with annual interest payments of 13% vs 1% it would have paid if it raised last year. The cruise industry is a niche market it's customers are very infrequent it will suffer for several years to come, I would avoid...

    13% FFS??! They seen them coming!

    Agree about the short/medium term prospects of this industry, the main demographic of their customer base needs to die off so CV-19 has been forgotten about.

    I'm sure they're a buy at some price but they are a speculative play at best.


  • Registered Users Posts: 12,289 ✭✭✭✭ Mad_maxx


    Hopefully you didn't buy them yesterday anyway!

    Did you sell?

    No sailings until at least July


  • Registered Users Posts: 1,574 ✭✭✭ adam88


    Mad_maxx wrote: »
    Did you sell?

    No sailings until at least July

    I didn’t buy in as they climbed. Sold at 32 having bought a batch at 21,50. Should have held out. They went over the forty Friday back down to about 32. I’ll buy in again once they dip low 20


  • Registered Users Posts: 26,407 ✭✭✭✭ Eric Cartman


    wyndham wrote: »
    The cruise industry has been damaged irreparably by Covid 19. Even before now it had problems with norovirus outbreaks. Wouldn't go on a cruise now, even for free, for the foreseeable future and most people would have a similar outlook.

    In addition to 118,000 people and counting worldwide have been wiped out, the vast majority in them in the exact target demographic for cruises. Those liners aren't returning to the seas this year. Allowing a load of people in the 60+ age bracket to congregate in one enclosed ship is going to be the last thing allowed by any nation even taking this half seriously.

    A long play with a stop perhaps but don't expect any great return bar they get bought out in the inevitable amalgamation of cruise liners as the market continues to decline.


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