Carnival reducing P&O shareholder benefit?

I have just read a link over on the Princess forum which gives shareholder benefit from 1 Aug this year until end of July next.

they have reduced the amount of obc for P&O but retained the same value for their american brands :mad:

the values for P&O are now £25, £50, £125

they used to be £30, £60, £150

If this is true I am not happy

another example of discriminating against UK customers :(

A year ago the $ was 1.4 to the £, this July its 1.7, if you do the maths on the £125/£150 figures, the cost is around $210 for Carnival on both figures so its probably due to currency fluctuation rather than anything else.

I just checked the Carnival corp site and it still lists £150 etc etc for Uk brands through July 2015.

so we now have 2 Carnival documents showing different values, confused? I am :confused::confused::confused:

If they are taking the exchange rate into account then at the current rate $250 = £147 not £125!

Anyway on P&O prices are in pounds.

I just checked the Carnival corp site and it still lists £150 etc etc for Uk brands through July 2015.

 

so we now have 2 Carnival documents showing different values, confused? I am :confused::confused::confused:

 

If they are taking the exchange rate into account then at the current rate $250 = £147 not £125!

 

Anyway on P&O prices are in pounds.

Today I received £150 shareholder benefit.

For your Azura transatlantic?

If so maybe Carnival have got one of their documents wrong

Dont forget Carnival is an American company and any shareholder benefits will be agreed at annual meetings and agreed in dollars and then converted to pounds for P&O. The exchange rate for pound against the dollar is very good at the moment for the UK but the other way round if you were purchasing pounds in America you would get a lot less pounds than you would have done 12 months therefore everything in the UK will be dearer than it was 12 months ago.

Hi Pat

Sandra and I have been considering buying Carnival Shares for the benefits, how do you go about it.

Jim

Dont forget Carnival is an American company and any shareholder benefits will be agreed at annual meetings and agreed in dollars and then converted to pounds for P&O. The exchange rate for pound against the dollar is very good at the moment for the UK but the other way round if you were purchasing pounds in America you would get a lot less pounds than you would have done 12 months therefore everything in the UK will be dearer than it was 12 months ago.

Yes, as stated above, the benefit is probably costing Carnival the same but as the £ is much stronger this year they are getting and offering less £ for the $.

I visit the States most months so I'm not complaining, much more bang for the buck - though I do remember when it was $1.98 to the £ and those were happy days!

I presume you are referring to this link from Princess

http://boards.cruisecritic.com/attachment.php?attachmentid=317604&d=1403910758

Any shareholder payment on Princess is paid in dollars on your account so the reference to sterling is irrelevant.

The correct information is shown on the Carnival website.

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MjI0MTc1fENoaWxkSUQ9LTF8VHlwZT0z&t=1

The sterling rates were increased in March 2013 to reflect the value of the pound against the dollar at that time.

Any future change, if any, is unlikely to be made before March 2015.

Brian

Hi Pat

Sandra and I have been considering buying Carnival Shares for the benefits, how do you go about it.

 

Jim

You can buy through any on line broker or via your bank. On line is cheaper.

The closing price on Friday was £21.49. See BBC website.

http://www.bbc.co.uk/news/business/market_data/shares/3/87234/default.stm

Make sure you buy the London based shares in pounds and not the US ones in dollars.

100 shares will cost you £2149 plus stamp duty (0.5% = £10.75) plus dealing charge usually around £12.

In addition to the on board credit you receive a quarterly dividend currently $0.25 per share, which paid in sterling at the exchange rate at the time.

So for 100 shares you currently get £55 to £60 per year.

Brian

Thanks Brian your information, it was most helpful I will look into it as the we would like the extra onboard spend benefits. Thanks again for taking the time to reply.

Hi Pat

Sandra and I have been considering buying Carnival Shares for the benefits, how do you go about it.

 

Jim

Good evening Jim

I will e-mail you tomorrow.

For your Azura transatlantic?

 

If so maybe Carnival have got one of their documents wrong

Hi there , Yes for both of the B2B

31 Oct transatlantic £150 plus a further £150 for the second cruise 14th Nov 2014 .

Hi Pat

Thanks will look forward to it, have been looking for Scott at the bowling but not spotted him yet, they keep concentrating on the bowlers and not the scores. HaHa.

Thanks Brian your information, it was most helpful I will look into it as the we would like the extra onboard spend benefits. Thanks again for taking the time to reply.

The other way to look at it is that if you do just one two week cruise a year, your total return including dividends will be around £205 to £210 which is almost a 10% return on your investment. I don't think you will be getting anything like that from a bank/building society savings account.

Do more than one cruise and you are quids in.

The risk of course is that the value of the shares could fall.

Brian

Hi again Brian

That was our thoughts as we normally do two cruises a year, and as you say returns are pretty poor just now. Once again thanks for your help it is much appreciated.

Hi again Brian

 

That was our thoughts as we normally do two cruises a year, and as you say returns are pretty poor just now. Once again thanks for your help it is much appreciated.

He he he we are doing 5 this year. Should we buy some. Oh I forgot we have them already. :) :) :). Happy days.

Go out and buy its a no brainer.

Gan Canny

Dai

Sent from my iPad using Forums mobile app

To tjwa

Thanks for your contribution but I did not ask for your opinion.

It's a discussion so anyone can join in.

Hi daiB

I would love to cruise more but the better half is in charge of the finances and you know us Scots are not known for overspending. L.O.L.

Hope you enjoy all your cruises.

Jim.

It's a discussion so anyone can join in.

Yes you are right it is a discussion so anyone can join in with sensible informative answers yours was neither of these.:)

Hi daiB

I would love to cruise more but the better half is in charge of the finances and you know us Scots are not known for overspending. L.O.L.

 

Hope you enjoy all your cruises.

 

Jim.

Not knowing your personal circumstances but having recently lost my father he died with more money in the bank than he had for all his working life and it just seemed a waste to me.

Hi Majortom10

We have a saying in Scotland " There are no pockets in a shroud", My reply to daiB was tongue in cheek, I know exactly what you mean, I was involved in a very serious Motorcycle accident a number of years ago, I received injuries which while very serious I survived with a slight limp and ongoing lower back problems but people have been killed or crippled in lesser accidents.A year later my wife had a health fright which transpired not to be a serious a first thought.

We like to cruise twice a year in the Caribbean in the winter as we are far to busy during our summertime to go on holiday and now that I am officially a "Grumpy Old Man" I prefer to avoid children in case I frighten them off .L.O.L.

Happy cruising to you.

Hi Majortom10

We have a saying in Scotland " There are no pockets in a shroud", My reply to daiB was tongue in cheek, I know exactly what you mean, I was involved in a very serious Motorcycle accident a number of years ago, I received injuries which while very serious I survived with a slight limp and ongoing lower back problems but people have been killed or crippled in lesser accidents.A year later my wife had a health fright which transpired not to be a serious a first thought.

We like to cruise twice a year in the Caribbean in the winter as we are far to busy during our summertime to go on holiday and now that I am officially a "Grumpy Old Man" I prefer to avoid children in case I frighten them off .L.O.L.

Happy cruising to you.

Sanjam, sorry but I have to disagree with you on this point your are not a

"Grumpy Old Man" but you are a "Very Nice Man" oh my knees are so sore.

This crawling about isn't good for me at my age:D.

Happy cruising to you too.:) Thought we both needed a laugh:p

Hi Pat

Sandra might not agree she continually tells me to stop being a grump,particularly when I'm down on my knees begging to be taken a nice cruise in the sun. Not long to your adventures I have to wait to February, look forward to hearing your opinion of Britannia.

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