Shares
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- Deputy Captain
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Re: Shares
I suppose one could argue that the P&O ferries company belongs to the historic part of the original company. P&O cruises only really started to exist in 2000 when P&O Princess cruises was demerged from the Peninsular and Oriental steam navigation co.
So I guess it ought to be be the cruise line that adopts a new name, but I assume they feel there is some value in keeping the P&O name.
So I guess it ought to be be the cruise line that adopts a new name, but I assume they feel there is some value in keeping the P&O name.
John
Trainee Pensioner since 2000
Trainee Pensioner since 2000
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- Site Admin
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Topic author - Commodore
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- Location: Down Souf. The civilised end of the country :)
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- Site Admin
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- Ex Team Member
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Re: Shares
Down at £5.81 at the minute.
https://www.fool.com/investing/2022/09/ ... king-today
Wow!!! They missed expectations by nearly 25%, $1.6billion in interest payments and a warning that it will be hard to return to profitability.
Cheap buy?
https://www.fool.com/investing/2022/09/ ... king-today
Wow!!! They missed expectations by nearly 25%, $1.6billion in interest payments and a warning that it will be hard to return to profitability.
Cheap buy?
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Topic author - Commodore
- Posts: 15988
- Joined: January 2013
- Location: Down Souf. The civilised end of the country :)
Re: Shares
Last edited by Stephen on 30 Sep 2022, 20:52, edited 1 time in total.
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- Deputy Captain
- Posts: 8974
- Joined: January 2013
- Location: Huddersfield
Re: Shares
I already have some which were bought at over 3 times todays price, fortunately they are more than fully repaid with OBC and dividends. So I do hope the current company survives for a few more years so I can continue receiving even more OBC.
John
Trainee Pensioner since 2000
Trainee Pensioner since 2000
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Topic author - Commodore
- Posts: 15988
- Joined: January 2013
- Location: Down Souf. The civilised end of the country :)
Re: Shares
Same here John. I was thinking more of an investment as I already have more than enough shares for the P&O perks.
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- Deputy Captain
- Posts: 8974
- Joined: January 2013
- Location: Huddersfield
Re: Shares
I don't think any cruise lines shares are worth taking a risk on at present. If there is a prolonged recession then the US lines could easily seek chapter 11 protection, but the result of that would be a significant restructuring of the shareholding, leaving you and I with a much reduced value, and the likelihood of either needing to buy extra shares to receive OBC, or maybe even losing it altogether.
John
Trainee Pensioner since 2000
Trainee Pensioner since 2000