Carnival PLC

Carnival is a leisure travel and cruise company. Co. operates over 100 cruise ships within a portfolio of global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences. Co.'s North America cruise brands include Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn. Co. also has a Cruise Support segment that represents its portfolio of port destinations and private islands, which are operated for the benefit of its cruise brands. In addition to its cruise operations, Co. owns Holland America Princess Alaska Tours, the tour company in Alaska and the Canadian Yukon, which complements Co.'s Alaska cruise operations.
  • TickerCCL
  • ISINGB0031215220
  • ExchangeLondon Stock Exchange
  • SectorTravel & Leisure
  • CountryUnited Kingdom

Analysts

Carnival Corporation: Update to credit analysis following downgrade to Baa3 with review for further downgrade

Carnival's near term risks include fallout from the global spread of the coronavirus (COVID-19) and the disruptions to the cruise industry including suspended operations.

Carnival Corporation: Update to credit analysis following downgrade to Baa3 with review for further downgrade

Carnival's near term risks include fallout from the global spread of the coronavirus (COVID-19) and the disruptions to the cruise industry including suspended operations.

Expert Corporate Governance Service (ECGS)

Carnival Plc - AGM 06 April 2020

Item 1: Mr. Arison is Executive Chairman. He served as Chief Executive Officer of Carnival Corporation from 1979 to July 2013 and was Chief Executive Officer of Carnival plc from 2003 to July 2013. He is the largest shareholder in the Company, holding directly and through his family, 24.7% of the combined voting power. ECGS believes that the Chairman should not carry executive responsibilities. Items 12-14: Carnival group proposes to vote the compensation under Dodd-Frank rules and the remuneration report and policy under the UK regulation. The CEO's maximum potential incentive pay is extreme...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Emira Sagaama
  • Fehmi Ben Naamane
  • Jean Danjou
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/21/2020

...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Emira Sagaama
  • Fehmi Ben Naamane
  • Jean Danjou
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/02/2020

...

Jérôme VINERIER

Analyse court terme - CARNIVAL PLC : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 4 170,00 p. La tendance de fond serait remise en cause en cas de franchissement de 4 579,80 p.

Jérôme VINERIER

Short term view - CARNIVAL PLC : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 4,170.00 p. The background trend would be questioned should prices rise above 4,579.80 p.

Jérôme VINERIER

Analyse court terme - CARNIVAL PLC : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 4 170,00 p, puis 4 060,00 p. Le franchissement de 4 579,80 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - CARNIVAL PLC : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at 4,170.00 p, then 4,060.00 p. Passing 4,579.80 p would question the continuation of the fall.

Jérôme VINERIER

Medium term view - CARNIVAL PLC : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

1 director sold

A director at Carnival PLC sold 5,000 shares at 40.830USD and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Emira Sagaama
  • Fehmi Ben Naamane
  • Jean Danjou
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/21/2020

...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Emira Sagaama
  • Fehmi Ben Naamane
  • Jean Danjou
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/02/2020

...

Fehmi Ben Naamane ...
  • Johanna Jourdain

ODDO : Slowdown in European hotels in January

>RevPAR up 2.2% in January in Europe - STR, a provider of hotel performance data in Europe, has just published the performance figures for hotels in the main European markets for January. RevPAR in western Europe (excluding the UK) rose 2.2% over the month, a slowdown vs recent months (+4.8% in December and 4.0% in November). Occupancy rates and average daily rates were up by 1.1%. By country, there were no major shifts in trend, with Spain still one of the most dynam...

Fehmi Ben Naamane ...
  • Johanna Jourdain

ODDO : Ralentissement de l’hôtellerie européenne en janvier

>RevPAR en hausse de 2.2% en janvier en Europe - STR vient de publier les chiffres de performance des hôtels dans les principaux marchés européens pour le mois de janvier. Les RevPAR en Europe de l’Ouest (hors Royaume-Uni) ont progressé de 2.2% sur le mois, soit un ralentissement par rapport aux tendances des derniers mois (+4.8% en décembre et 4.0% en novembre). Les taux d’occupation aussi bien que les prix moyens progressent de 1.1%. Par pays, pas de changements not...

Emmanuel Matot ...
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/04/2020

...

Carnival Corporation: Update to credit analysis following downgrade to Baa3 with review for further downgrade

Carnival's near term risks include fallout from the global spread of the coronavirus (COVID-19) and the disruptions to the cruise industry including suspended operations.

Carnival Corporation: Update to credit analysis following downgrade to Baa3 with review for further downgrade

Carnival's near term risks include fallout from the global spread of the coronavirus (COVID-19) and the disruptions to the cruise industry including suspended operations.

Carnival Corporation: Additional canceled cruises and changed itineraries a credit negative for Carnival

Estimated coronavirus impact on operating result for 2020 is credit negative.

Carnival Corporation - August 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Carnival Corporation: Update to key credit considerations following affirmation of ratings

Carnival benefits from its position as the largest worldwide cruise line (in terms of revenues) with significant geographic and brand diversification.

Fehmi Ben Naamane ...
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/27/2019

...

Fehmi Ben Naamane ...
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/09/2019

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fehmi Ben Naamane
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/06/2019

Dans cette étude, nous dressons un état des lieux du secteur bancaire européen sur le sujet central de la solvabilité (impact réglementaire…). Notre analyse montre à quel point : 1/ il s’agit d’un élément significatif de différenciation et 2/ il devrait déterminer les orientations stratégiques au sein du secteur. Elle établit enfin une hiérarchie sans véritable surprise et vient conforter notre préférence pour CASA (Achat, OC 15.5 €). - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fehmi Ben Naamane
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/21/2019

In this study, we present the state of play of the European banking sector with regards to the core issue of solvency (regulatory impact, etc.). Our analysis reveals to what extent this: 1/ is a significantly differentiating factor and 2/ should determine strategic direction within the sector. Lastly, it establishes a hierarchy that contains no major surprises and which underpins our preference for CASA (Buy, target price € 15.5). - ...

Fehmi Ben Naamane ...
  • Johanna Jourdain

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/21/2018

...

Ng Adrian

Carnival Corporation & Plc

A double requalification allows CARNIVAL PLC. to improve to Slightly Positive

CARNIVAL PLC. (GB), a company active in the Recreational Services industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 4 out of 4 stars while its market behaviour can be considered as moderately risky. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date December 20, 2019, the closing price was GBp 3,587.00 and its potential was estimated at GBp 3,766.35.

Carnival Plc

Carnival Plc

Carnival Plc

Expert Corporate Governance Service (ECGS)

Carnival Plc - AGM 06 April 2020

Item 1: Mr. Arison is Executive Chairman. He served as Chief Executive Officer of Carnival Corporation from 1979 to July 2013 and was Chief Executive Officer of Carnival plc from 2003 to July 2013. He is the largest shareholder in the Company, holding directly and through his family, 24.7% of the combined voting power. ECGS believes that the Chairman should not carry executive responsibilities. Items 12-14: Carnival group proposes to vote the compensation under Dodd-Frank rules and the remuneration report and policy under the UK regulation. The CEO's maximum potential incentive pay is extreme...

Expert Corporate Governance Service (ECGS)

Carnival April 16th, 2019

Item 1: Re-elect the Executive Chairman Mr. Arison has been Chairman of Carnival Corporation since 1990 and a director since 1987. He became a director and Chairman of Carnival plc in 2003.  He served as Chief Executive Officer of Carnival Corporation from 1979 to July 2013 and was Chief Executive Officer of Carnival plc from 2003 to July 2013.  In addition, he is the largest shareholder in the Company, holding directly and through his family, approximately 18.7% of the voting power of Carnival Corporation and 1.5% of the voting rights of Carnival plc. As a matter of principle, ECGS believes...

Carnival Corp – Proxinvest Corporate Governance Rating ® : E

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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