How much was the QE2 SOLD FOR ?

[zider]

I always thought that QE2 was sold for $100,00000 this report says that Cunard only made $31.000000 profit on the sale of her??????

http://www.palmbeachpost.com/localnews/content/gen/ap/Earns_Carnival.html

[bobnatt]

I always thought that QE2 was sold for $100,00000 this report says that Cunard only made $31.000000 profit on the sale of her??????

http://www.palmbeachpost.com/localnews/content/gen/ap/Earns_Carnival.html

 

 

Profit and sales price are two different concepts. If the ship was on Cunards books at a $69,000,000 valuation and it was sold for $100,000,000 that would mean that Cunard made a profit of $31,000,000.

[zider]

Dubai World, the parent company of property developers Nakheel,paid $31,000.000 over book price for a forty year old ship no wonder Cunard sold her.

[PRINSENDAM]

Dubai World, the parent company of property developers Nakheel,paid $31,000.000 over book price for a forty year old ship no wonder Cunard sold her.

 

 

I believe they were prepared to go a lot higher than $100 M.

 

The mind boggles!

 

Stephen

[smeyer418]

book value is one of those really strange things. It can be anything from estimated actual value(guesstimated value) to depreciated cost but most times its original cost less depreciation plus capital expenditures(also depreciated)...

 

so its not its actual value to a willing buyer.

 

normally profit is calculated as the difference between book value(depreciated value) and the amount recieved.

[guernseyguy]

If the ship was on Cunards books at a $69,000,000 valuation and it was sold for $100,000,000 that would mean that Cunard made a profit of $31,000,000.

 

In the Conference Call on the quarterly earnings it was mentioned that the depreciation of the £ vs the $ (from about $2.00 to $1.50) had led to a gain on the transaction. Presumably the QE2 was on the books in £s but was sold in $s......making money to the end - what a gal!

[bobnatt]

In the Conference Call on the quarterly earnings it was mentioned that the depreciation of the £ vs the $ (from about $2.00 to $1.50) had led to a gain on the transaction. Presumably the QE2 was on the books in £s but was sold in $s......making money to the end - what a gal!

 

 

that makes sense; hadn't considered the change in currency rates.

[Essiesmom]

With Dubai's wealth in petrodollars...pegged to the US dollar...and the price of oil below $40/bbl...I hope Cunard have cashed the check...EM

[RAL72]

The name/brand QE2 was worth every single penny of what they paid.

 

The fact that they got the fully functioning, fastest and most attractive liner in the world was just a bonus.

[Seachase20]

The name/brand QE2 was worth every single penny of what they paid.

 

The fact that they got the fully functioning, fastest and most attractive liner in the world was just a bonus.

 

Absolutely!!!

[Cruiser765]

The name/brand QE2 was worth every single penny of what they paid.

 

The fact that they got the fully functioning, fastest and most attractive liner in the world was just a bonus.

 

 

 

Totally agree! Problem is that she will no longer be able to prove that she is the fastest and most attractive Liner in the world, because she is being turned into a ''7'' Star hotel that will never sail again.

 

Good Stuff Eh!

 

Jackie :)

[Goldryder]

What is history, tradition & memories of millions of people worth?

 

$100m is a small price to pay for something like QE2...she may have been 'just' a ship to many, but to millions more she was 'the' ship...and she will always remain so, no matter what her new owners do to her.

 

So...What is history, tradition & memories of millions of people worth?

 

How can you value something that is to so many people absolutely priceless...

[Seachase20]

What is history, tradition & memories of millions of people worth?

 

$100m is a small price to pay for something like QE2...she may have been 'just' a ship to many, but to millions more she was 'the' ship...and she will always remain so, no matter what her new owners do to her.

 

So...What is history, tradition & memories of millions of people worth?

 

How can you value something that is to so many people absolutely priceless...

 

After reading so many posts from people who simply don't understand that to many of us QE2 isn't just a chunk of steel, I find your views right on target, they say everything I, and I'm sure many, many others feel. Thank you. Priceless indeed!

[Bearly Afloat]

Totally agree! Problem is that she will no longer be able to prove that she is the fastest and most attractive Liner in the world, because she is being turned into a ''7'' Star hotel that will never sail again.

 

RMS Queen Elizabeth 2 has nothing to prove. She's been there, done it and worn the T shirt so often that it has worn out.

 

Arguably the greatest liner ever, and certainly in the top five, her name will live as long as ocean liners last.

 

Although she will never, I suspect, be equalled. Let alone surpassed.