Carnival reducing P&O shareholder benefit?

[shallwe]

A bit of a meaningless post here but here goes: -

 

If I bought the requisite 100 shares today, could I then claim the £150 OBC for my October cruise, wait for the confirmation email, then resell the shares straight away?

 

Like I say, it's a bit of a meaningless post because I appreciate that you would lose money because of the quick trade except, if the price goes drastically higher within a couple or so days. Although, the £150 OBC would probably outweigh the trading costs and buy/sell differential.

 

It's a 'just out of interest' post.

Edited August 2, 2014 by shallwe

[BrianI]

A bit of a meaningless post here but here goes: -

 

If I bought the requisite 100 shares today, could I then claim the £150 OBC for my October cruise, wait for the confirmation email, then resell the shares straight away?

 

It's a 'just out of interest' post.

In theory you could. However, the share price could fall and then you maybe out of pocket. You will also have dealing costs and stamp duty which will be a minimum of £23. Best to buy and keep them and get more OBC on the next cruise.

Brian

[davecttr]

Keep the shares. If you do a few Carnival cruises a year those shares are the best investment you can make. I am getting the equivalent of over 20% NET interest per year plus the dividends.:D

[majortom10]

Below is the definition of the Carnival brands from the SHAREHOLDER BENEFITS PDF Document,

 

NORTH AMERICA BRANDS

CARNIVAL CRUISE LINES*

Guest Administration

3655 N.W. 87th Avenue Miami, FL 33178

Tel 800 438 6744 ext. 70450 Fax 305 406 6102

PRINCESS CRUISES*

Booking Support

24303 Town Center Drive, Suite 200 Santa Clarita, CA 91355

Tel 800 872 6779 ext. 30317

Fax 661 753 0180

HOLLAND AMERICA LINE

World Cruise Reservations 300 Elliott Avenue West Seattle, WA 98119

Tel 800 522 3399

Fax 206 281 0627

SEABOURN

Seabourn Reservations 300 Elliott Avenue West Seattle, WA 98119

Tel 800 929 9391

Fax 206 501 2900

CUNARD*

Booking Support

24303 Town Center Drive, Suite 200 Santa Clarita, CA 91355

Tel 800 872 6779 ext. 30317

Fax 661 753 0180

COSTA CRUISES*

Guest Services Administration 200 S. Park Road, Suite 200 Hollywood, FL 33021

Tel 800 462 6782

Fax 954 266 5868

 

CONTINENTAL EUROPE BRANDS

COSTA CRUISES*

Manager of Reservation Piazza Piccapietra, 48 16121 Genoa, Italy Tel390105483800 Fax390109997019

AIDA CRUISES

Manager of Reservations Am Strande 3d

18055 Rostock, Germany Tel 49 0 381 2027 0803 Fax 49 0 381 2027 0804

IBERO CRUISES

Reservations Manager Ciudad Empresarial Adequa Avda. de Burgos 89; 4o 28050 Madrid, Spain

Tel 34 91 334 9350

Fax 34 93 295 2101

 

UNITED KINGDOM BRANDS

P & O CRUISES (UK) CUNARD*

Senior Shareholder Executive Carnival UK

Carnival House

100 Harbour Parade Southampton SO15 1ST United Kingdom

Tel 44 0 843 374 2245 Fax 44 0 238 065 7360

PRINCESS CRUISES (UK)*

Princess Reservations Carnival UK

Carnival House**

Tel 44 0 843 373 0333 Fax 44 0 238 065 7509

AUSTRALIA BRANDS

P & O CRUISES (AUSTRALIA), PRINCESS CRUISES*

CARNIVAL CRUISE LINES*

Customer Service Manager PO Box 2006

North Sydney NSW 2059 Tel 61 2 8 424 8800

Fax 61 2 8 424 9161

 

*The onboard credit for Carnival Cruise Lines, Costa Cruises, Cunard and Princess Cruises is determined based on the operational currency onboard the vessel.

**See Carnival House mailing address above.

 

Well aware of the definition of Carnival brands and what shareholder benefit you get from the last AGM but why have Princess sent out a shareholder benefit form with prices in dollars and £ sterling when they dont deal with £ sterling at all on any of their ships. My and many others believe that at a recent Carnival meeting they have decided to reduce the amount given to ships dealing in £s which is only P&O because of the poor exchange rate and we dont yet know when the date it will be implemented from or that Princess have made a mistake on their form we will have to wait and see. I know people recently have had cruises booked and got the full £150 shareholder benefit but that proves nothing if in the near future it is announced a change due to currency fluctuation from a date in the future.

[BrianI]

Any change in shareholder benefit will only be made around the next AGM, which is around the end of Feb 2015.

The current dollar exchange rate is $1.682 so $250 equates to £148.60 so there is no reason to change because of exchange rates.

Brian