dgreeney Posted April 6, 2020 #1 Share Posted April 6, 2020 Saudi Public Trust bought 45,508,895 shares of Carnival Stock. 8.2% of the company. Carnival will stay afloat. 3 Link to comment Share on other sites More sharing options...
MommytoAsquared Posted April 6, 2020 #2 Share Posted April 6, 2020 Carnival will stay AFLOAT - Love it! 2 Link to comment Share on other sites More sharing options...
DWolf2020 Posted April 6, 2020 #3 Share Posted April 6, 2020 Thanks Saudi Arabia! 4 Link to comment Share on other sites More sharing options...
Rare ibarrio Posted April 6, 2020 #4 Share Posted April 6, 2020 (edited) 29 minutes ago, dgreeney said: Saudi Public Trust bought 45,508,895 shares of Carnival Stock. 8.2% of the company. Carnival will stay afloat. Yup, great news...investors are responding. Stock up $2.57 for me (got it at $8.15) Edited April 6, 2020 by ibarrio 2 Link to comment Share on other sites More sharing options...
N7786W Flyer Posted April 6, 2020 #5 Share Posted April 6, 2020 (edited) 31 minutes ago, MommytoAsquared said: Carnival will stay AFLOAT - Love it! Sounds like it....assuming the Saudis don't sell the stock at the end of the day after driving the price up. 🙂 Garnett Edited April 6, 2020 by N7786W Flyer 1 1 Link to comment Share on other sites More sharing options...
Rare ibarrio Posted April 6, 2020 #6 Share Posted April 6, 2020 5 minutes ago, N7786W Flyer said: Sounds like it....assuming the Saudis don't sell the stock at the end of the day after driving the price up. 🙂 Garnett They don't have a history of that. They own 8.2% of the company now. Link to comment Share on other sites More sharing options...
N7786W Flyer Posted April 6, 2020 #7 Share Posted April 6, 2020 I know...it was a joke. 🙂 Garnett Link to comment Share on other sites More sharing options...
Cafedumonde Posted April 6, 2020 #8 Share Posted April 6, 2020 Smart buy. That stock will be at $50 within a couple of years. Link to comment Share on other sites More sharing options...
Lizzanna Posted April 6, 2020 #9 Share Posted April 6, 2020 Maybe we'll get our refunds now. 1 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted April 6, 2020 #10 Share Posted April 6, 2020 39 minutes ago, Lizzanna said: Maybe we'll get our refunds now. Yeah.... that was the problem.... 1 Link to comment Share on other sites More sharing options...
gatour Posted April 6, 2020 #11 Share Posted April 6, 2020 4 hours ago, MommytoAsquared said: Carnival will stay AFLOAT - Love it! None of the stock buy will help Carnival's cash position. As near as I can tell, it was a more or less an "open market" buy instead of Carnival issuing new stock. Saudi is betting that Carnival will survive and their stock will appreciate in value. 1 Link to comment Share on other sites More sharing options...
mrpayroll Posted April 6, 2020 #12 Share Posted April 6, 2020 4 minutes ago, gatour said: None of the stock buy will help Carnival's cash position. As near as I can tell, it was a more or less an "open market" buy instead of Carnival issuing new stock. Saudi is betting that Carnival will survive and their stock will appreciate in value. And my guess is they are right. Link to comment Share on other sites More sharing options...
Radiioman46 Posted April 6, 2020 #13 Share Posted April 6, 2020 How much OBC did they end up with? 1 1 Link to comment Share on other sites More sharing options...
Host Carolyn Posted April 6, 2020 #14 Share Posted April 6, 2020 No political stuff please! And Saudi jokes......not appropriate Thanks 11 Link to comment Share on other sites More sharing options...
Organized Chaos Posted April 7, 2020 #15 Share Posted April 7, 2020 Carnival was going to "stay afloat" with or without this stock purchase. This is where all the speculations of doom & gloom the last few weeks leads to...the false notion that Saudi Arabia has now saved Carnival. 1 Link to comment Share on other sites More sharing options...
sunonfire Posted April 7, 2020 #16 Share Posted April 7, 2020 Here’s a link to the story. https://cruiseradio.net/saudi-arabia-buys-stake-in-carnival-corporation/ Link to comment Share on other sites More sharing options...
Rare Saint Greg Posted April 7, 2020 #17 Share Posted April 7, 2020 Maybe they just want some OBC on their next cruise to Cozumel. 3 Link to comment Share on other sites More sharing options...
Joe817 Posted April 7, 2020 #18 Share Posted April 7, 2020 44 minutes ago, Saint Greg said: Maybe they just want some OBC on their next cruise to Cozumel. That there is funny! 👍 2 Link to comment Share on other sites More sharing options...
Organized Chaos Posted April 7, 2020 #19 Share Posted April 7, 2020 I've spent some time in Saudi. There was a heck of a lot of "beach," but not much ocean. A cruise might be a perfect getaway. Link to comment Share on other sites More sharing options...
coevan Posted April 7, 2020 #20 Share Posted April 7, 2020 18 hours ago, Host Carolyn said: No political stuff please! And Saudi jokes......not appropriate Thanks sorry, my bad Link to comment Share on other sites More sharing options...
PaulieG13 Posted April 7, 2020 #21 Share Posted April 7, 2020 Saudi Arabia has been positioning for years to make their coastal cities into beach resort destinations. I see this as a very smart move by a bunch of very rich people trying to change the world's image of the Arab nations. Would not be one bit surprised to see Carnival cruise ships in the Red Sea next year. Maybe even in the Persian Gulf with a UAE partnership to have stops in Dubai and Abu Dabhi! Link to comment Share on other sites More sharing options...
wardamnweagle Posted April 7, 2020 #22 Share Posted April 7, 2020 8 minutes ago, PaulieG13 said: Saudi Arabia has been positioning for years to make their coastal cities into beach resort destinations. I see this as a very smart move by a bunch of very rich people trying to change the world's image of the Arab nations. Would not be one bit surprised to see Carnival cruise ships in the Red Sea next year. Maybe even in the Persian Gulf with a UAE partnership to have stops in Dubai and Abu Dabhi! And that’s a cruise I would take! Link to comment Share on other sites More sharing options...
Organized Chaos Posted April 7, 2020 #23 Share Posted April 7, 2020 49 minutes ago, PaulieG13 said: Saudi Arabia has been positioning for years to make their coastal cities into beach resort destinations. I see this as a very smart move by a bunch of very rich people trying to change the world's image of the Arab nations. Would not be one bit surprised to see Carnival cruise ships in the Red Sea next year. Maybe even in the Persian Gulf with a UAE partnership to have stops in Dubai and Abu Dabhi! With all the trouble Iran causes in the shipping lanes through the Straight of Hormuz and inside the gulf, I don't see that happening. They've proven to have little regard for international waters, especially when it comes to Western nations. Add to that Somalia & Yemen at the entrance to the Red Sea. A lot would have to be done to guarantee the safety of passengers, not to mention all the PR work that would have to be done to give the average tourist peace of mind to cruise to that area. I have a hard time believing it'd happen, and I definitely don't think it could happen by next year. Link to comment Share on other sites More sharing options...
gatour Posted April 7, 2020 #24 Share Posted April 7, 2020 1 hour ago, Organized Chaos said: With all the trouble Iran causes in the shipping lanes through the Straight of Hormuz and inside the gulf, I don't see that happening. They've proven to have little regard for international waters, especially when it comes to Western nations. Add to that Somalia & Yemen at the entrance to the Red Sea. A lot would have to be done to guarantee the safety of passengers, not to mention all the PR work that would have to be done to give the average tourist peace of mind to cruise to that area. I have a hard time believing it'd happen, and I definitely don't think it could happen by next year. I guess you don't know that Royal Carribean has been doing cruises in the Arabian Gulf for several years now. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now