NCLH Stock Price

[Trimone]

I wonder if cruise next credits will be extended 

[fstuff1]

are cruise lines in the $1T stimulus package?

ncl is up 13% premarket.

$9.34

[CroozFanatic]

23 hours ago, Stealthdog said:

Im certainly not an expert, but how they operate will undoubtedly change.  I personally think dividends will be over (at least for a while), average costs may go up, probably changes/eliminations to shareholder benefits, how they are organized will change.  One thing I am confident of is the industry will not just cease to exist.  It wasn’t a dying industry struggling to market its product before this pandemic.  All 3 will probably survive, but will probably look a little different going forward.  

 

Just get everyone to sign a waiver that they might contract COVID-19.

 

There will be enough to keep a minimal business.

[Formula280SS]

43 minutes ago, fstuff1 said:

are cruise lines in the $1T stimulus package?

ncl is up 13% premarket.

$9.34

 

The President mentioned, during questions, that they were going to help the airlines, the cruise industry and may hotels.  This was in tandem with Treasury Secretary referring to aid not be 'free, that it would likely consist of TAKING EQUITY in the company's they assist (think Preferred Stock),  Other Senate and Congress members have noted that Executives would have to take pay cuts, there would be no dividends, etc.

 

But, nothing is in writing that specified the above currently.

[npcl]

3 hours ago, CroozFanatic said:

 

Just get everyone to sign a waiver that they might contract COVID-19.

 

There will be enough to keep a minimal business.

Might get them passengers, probably not enough to get ports to reopen to cruise ships.

[ColeThornton]

3 hours ago, CroozFanatic said:

 

Just get everyone to sign a waiver that they might contract COVID-19.

 

There will be enough to keep a minimal business.

 

 

Or, they might just pass it on to the crew and the other passengers who are stupid enough to sign a waiver and sail.

 

Sometimes you just have to protect people against themselves.

[kollegekreed]

Even though i just bought NCL stock, I’m not convinced, as a taxpayer, that my money house bail out entertainment and hospitality industries...I have the same feeling about the Vegas strip asking for money...I’m very on the fence. I’d rather help the workers than the investors...

[Da-Painter]

7 minutes ago, kollegekreed said:

Even though i just bought NCL stock, I’m not convinced, as a taxpayer, that my money house bail out entertainment and hospitality industries...I have the same feeling about the Vegas strip asking for money...I’m very on the fence. I’d rather help the workers than the investors...

Sure, but this does not happen, employees are dismissed, just get the shaft, never happens. After this is over, the CEO's will get awarded hugh bonuses, because things have turned around. Or many times in a bankruptcy, the courts allow them to award themselves bonuses for hanging in there and closing down the Business. I have seen this too many times. 

[cruise356]

On 3/19/2020 at 7:12 AM, ColeThornton said:

 

 

You're right, they aren't going to disappear BUT what happens now if any cruise line goes bankrupt?   Those shares you bought as a bargain could be worthless depending on all the terms and circumstances.   If you have some play money take the chance.  

If NCL goes bankrupt your investment becomes a capital loss. You can deduct this lodd on your taxes. Of course there is a limit to how much you can deduct each year but at least your shares are not totally worthless.

[bmwman]

21 hours ago, cruise356 said:

If NCL goes bankrupt your investment becomes a capital loss. You can deduct this lodd on your taxes. Of course there is a limit to how much you can deduct each year but at least your shares are not totally worthless.

 

21 hours ago, cruise356 said:

If NCL goes bankrupt your investment becomes a capital loss. You can deduct this lodd on your taxes. Of course there is a limit to how much you can deduct each year but at least your shares are not totally worthless.

At least in the UK you can deduct you losses against other capital gains if you have any. 

[fshagan]

On 3/20/2020 at 12:03 PM, kollegekreed said:

Even though i just bought NCL stock, I’m not convinced, as a taxpayer, that my money house bail out entertainment and hospitality industries...I have the same feeling about the Vegas strip asking for money...I’m very on the fence. I’d rather help the workers than the investors...

 

Normally I would agree with you. In this case, the government itself has imposed closures on the cruise lines, so that even people who are willing to risk cruising cannot book on the cruise lines for the next month or two.

 

Because the stoppage is in no way the fault of the affected industries, and mandated by the government, the government has harmed the companies. They are entitled to get compensation for that. So are employees who lose their job because of government edict.

 

So I view this as different from the bailout of the banks, who's problems were solely due to their incompetence, greed and malfeasance. There were some bankers who should have been charged criminally, but they were bailed out instead. This situation is different in my view.

[Lupush]

I am fully expecting the stock to be below $5 by the end of the week.

[mpk218]

Start small . Start selling survivor only cruises .  You must have had the virus in order to book . 

Pool of 100,000 by now.    Anyone ??? 

Edited March 23, 2020 by mpk218

[kollegekreed]

3 hours ago, fshagan said:

 

Normally I would agree with you. In this case, the government itself has imposed closures on the cruise lines, so that even people who are willing to risk cruising cannot book on the cruise lines for the next month or two.

 

Because the stoppage is in no way the fault of the affected industries, and mandated by the government, the government has harmed the companies. They are entitled to get compensation for that. So are employees who lose their job because of government edict.

 

So I view this as different from the bailout of the banks, who's problems were solely due to their incompetence, greed and malfeasance. There were some bankers who should have been charged criminally, but they were bailed out instead. This situation is different in my view.

I think I would be more sympathetic if they not specifically flagged in Caribbean islands to avoid paying taxes and to avoid our labor laws. I’m not sure wh6 we rewear that.

 

on the other hand, they employ thousands in Miami and around the country. 

[Farts]

Trump says a lot of things.

 

Don't expect a bail out.

[fstuff1]

1 hour ago, Farts said:

Trump says a lot of things.

 

Don't expect a bail out.

yet the stock is climbing 20% today where the down is down 700 points?!

 

cant find any news.

whats gives?

[Daytonasailor]

1 hour ago, fstuff1 said:

yet the stock is climbing 20% today where the down is down 700 points?!

 

cant find any news.

whats gives?

Agree. Closed at 9.58 today. Bought 3days ago at 7.9. Being slightly optimistic. 

[cksv]

2 hours ago, fstuff1 said:

yet the stock is climbing 20% today where the down is down 700 points?!

 

cant find any news.

whats gives?

 

I'm guessing it was because Royal Caribbean secured a 2 billion dollar loan today and that bodes well for the overall cruise industry.

https://www.bloomberg.com/news/articles/2020-03-23/royal-caribbean-adds-2-2-billion-credit-line-amid-shutdown

[npcl]

22 minutes ago, cksv said:

 

I'm guessing it was because Royal Caribbean secured a 2 billion dollar loan today and that bodes well for the overall cruise industry.

https://www.bloomberg.com/news/articles/2020-03-23/royal-caribbean-adds-2-2-billion-credit-line-amid-shutdown

The loan terms are rather interesting.  It reads to me as if they pledged Celebrity as Collateral for the loan.

From the 8-K filing

 

Formula280SS what is your read on this?

 

https://www.sec.gov/ix?doc=/Archives/edgar/data/884887/000110465920037377/tm2012810-1_8k.htm

 

 

On March 23, 2020 (the “Funding Date”), Royal Caribbean Cruises Ltd. (the “Company,” “we,” “our” and “us”) borrowed $2.2 billion pursuant to a 364-day senior secured term loan agreement (the “Loan Agreement”) with Morgan Stanley Senior Funding, Inc., as the administrative agent and collateral agent and the other lenders party thereto. The loans under the Loan Agreement (the “Loans”) will mature on the date that is 364 days after the Funding Date and such maturity date may be extended at our option an additional 364 days subject to customary conditions, including the payment of a 1.00% extension fee.

 

The Company’s obligations under the Loan Agreement are guaranteed by our wholly-owned subsidiaries, Celebrity Cruises Holdings Inc., Celebrity Cruises Inc. and certain of our wholly-owned vessel-owning subsidiaries, and will be secured by our trademarks and a pledge of 100% of the equity interests of certain of our wholly-owned vessel-owning subsidiaries. We will also use commercially reasonable efforts to deliver a mortgage in favor of the collateral agent over each of the vessels owned by such vessel-owning subsidiaries.

 

The proceeds of the Loan Agreement will be used for working capital and other general corporate purposes. Interest accrues at LIBOR plus a margin of 2.25% which increases to 2.50% and 2.75%, 180 days and 365 days, respectively, after the Funding Date. In addition, we will be required to pay a duration fee in an amount equal to 0.25% of the aggregate principal amount of the Loans outstanding every 60 days.

 

Edited March 23, 2020 by npcl

[npcl]

3 hours ago, npcl said:

The loan terms are rather interesting.  It reads to me as if they pledged Celebrity as Collateral for the loan.

From the 8-K filing

 

Formula280SS what is your read on this?

 

https://www.sec.gov/ix?doc=/Archives/edgar/data/884887/000110465920037377/tm2012810-1_8k.htm

 

 

On March 23, 2020 (the “Funding Date”), Royal Caribbean Cruises Ltd. (the “Company,” “we,” “our” and “us”) borrowed $2.2 billion pursuant to a 364-day senior secured term loan agreement (the “Loan Agreement”) with Morgan Stanley Senior Funding, Inc., as the administrative agent and collateral agent and the other lenders party thereto. The loans under the Loan Agreement (the “Loans”) will mature on the date that is 364 days after the Funding Date and such maturity date may be extended at our option an additional 364 days subject to customary conditions, including the payment of a 1.00% extension fee.

 

The Company’s obligations under the Loan Agreement are guaranteed by our wholly-owned subsidiaries, Celebrity Cruises Holdings Inc., Celebrity Cruises Inc. and certain of our wholly-owned vessel-owning subsidiaries, and will be secured by our trademarks and a pledge of 100% of the equity interests of certain of our wholly-owned vessel-owning subsidiaries. We will also use commercially reasonable efforts to deliver a mortgage in favor of the collateral agent over each of the vessels owned by such vessel-owning subsidiaries.

 

The proceeds of the Loan Agreement will be used for working capital and other general corporate purposes. Interest accrues at LIBOR plus a margin of 2.25% which increases to 2.50% and 2.75%, 180 days and 365 days, respectively, after the Funding Date. In addition, we will be required to pay a duration fee in an amount equal to 0.25% of the aggregate principal amount of the Loans outstanding every 60 days.

 

Someone pointed in in another stream that it reads equity of, not equity in.  And that some of Celebrity's ships have their own Corporate structures.  So that it appears be be ships owned by Celebrity that is being pledged, not the line as a whole.

[JohnIreland]

Not going too badly so far today.

[fstuff1]

13 minutes ago, JohnIreland said:

Not going too badly so far today.

+60% on no news.

guess people are expecting a cruise bailout in the $2T stimulus package

[AL3XCruise]

11 minutes ago, fstuff1 said:

+60% on no news.

guess people are expecting a cruise bailout in the $2T stimulus package

I'm wondering why they are leading the other lines so dramatically today.  

 

While I hope it will last, I have my doubts.

[oteixeira]

So where are our bankrupt in a few weeks posters today?  I could have sold out of all three stocks today with a 30% profit in 2 weeks.  Find me a better investment right now...

[Newleno]

11 minutes ago, oteixeira said:

So where are our bankrupt in a few weeks posters today?  I could have sold out of all three stocks today with a 30% profit in 2 weeks.  Find me a better investment right now...

here i am bk most probable even if they get some type of socialist assistance, demand aint gonna be there, a lot of people will not cruise,   (except cruise critic people) people will not want to go on a floating incubator, getting doctors notes, etc.  The fear factor.  Cruise lines will need to restructure.  By the way i love cruising  PS stock has falling about 70 percent.  However the socialist assistance might help them though.  

Edited March 24, 2020 by Newleno