Tag Archives: shares

Cruise Stocks Soar on Market Rise

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Cruise line stocks surged on Thursday along with the market which went up on better-than-expected inflation reports.

Carnival Corporation saw its shares soar 14.3 per cent, closing at $9.78, compared to a 52-week low-high of $6.11 to $23.86.

Royal Caribbean saw a 9.9 per cent rise to $57.72 from a 52-week range from $31.09 to $90.55.

Norwegian Cruise Line Holdings rose 8.2 per cent to $17.09, compared to a 52-week low-high of $10.31 to $27.05

Lindblad Expeditions rose 6.5 per cent to $10.55 compared to a 52-week low-high of $5.91 to $19.13.

The Dow Jones Industrial Average had surged more than 1,000 points or more than 3% on the news that the October’s consumer price index rose only 0.4 per cent for the month and is up 7.7% from a year ago. It is the lowest monthly increase since January.

Norwegian Cruise Line Holdings Opens Shareholder Q&A Platform

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Norwegian Cruise Line Holdings announced its new shareholder Q&A and engagement platform is now open for questions ahead of its investor and analyst event on Thursday, October 6th at 10 a.m. Eastern Time.

Starting earlier this week, all NCLH shareholders can submit and upvote questions by visiting: the NCLH Investor Event Q&A link.

The Q&A platform will remain open until October 4, at 8:00 a.m. Eastern Time.

Management will address a selection of top-ranked, appropriate, questions relating to business and financial results or strategic priorities during the upcoming event. Attendance at the live investor event is by invitation only. The event will be live streamed to all interested parties via the Company’s Investor Relations

website https://www.nclhltd.com/investors. A replay of the event, including the related slide presentations, will be available here on the Company’s website for 30 days following the event.

Norwegian Cruise Line Holdings To Raise Another $500 Million

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Norwegian Cruise Line Holdings announced today that it is proposing to sell $500 million aggregate principal amount of its senior notes due 2026 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

The company expects to use the net proceeds from the offering for general corporate purposes. The Notes will be guaranteed by certain subsidiaries on a senior unsecured basis.

The company’s fourth-quarter estimated cash burn is $175 million per month.