Major RCCL Stockholder Sells 2M shares

[joepeka]

Not sure this is really much of a needle mover since it represents only about 1% of total RCCL outstanding shares but it is the company that founded Royal Caribbean so you may wonder:

 

https://www.cruiseindustrynews.com/cruise-news/23430-major-royal-caribbean-stakeholder-unloads-2-million-shares.html

[twangster]

Maybe they needed some cash to buy some used cruise ships cheap.  

[livingonthebeach]

The company still owns 18 million shares after the sale of the 2 million and the stock has gone up 6 percent since the sale so not much of an impact.  Arne Wilhelmsen passed away this past April and maybe the heirs have a different view of where to place their funds.  If they start selling the remaining 18 million then I think there should be cause for concern. 

 

This is a good site to monitor insider trading.  

https://www.secform4.com/insider-trading/884887.htm

 

 

Edited August 27, 2020 by livingonthebeach

[joepeka]

2 minutes ago, livingonthebeach said:

The company still owns 18 million shares after the sale of the 2 million and the stock has gone up 6 percent since the sale so not much of an impact.  Arne Wilhelmsen passed away this past April and maybe the heirs have a different view of where to place their funds.  If they start selling the remaining 18 million then I think there should be cause for concern. 

True, I neglected to mention that the 2M shares represents less than 10% of that company's RCCL holdings and it's another reason I don't think it's a major deal.

[livingonthebeach]

3 minutes ago, joepeka said:

True, I neglected to mention that the 2M shares represents less than 10% of that company's RCCL holdings and it's another reason I don't think it's a major deal.

 

Nonetheless, it's worth noting because it could be the beginning of a divestiture for the company.   Since they owned 20 million shares before the sale, dumping that much at one time would depend on liquidity and would influence the price - they could be divesting by a few blocks at a time. 

[yogimax]

In general, insider purchases are much more important than insider sales.  Nonetheless, this is something to watch.

[crewsweeper]

2 hours ago, ChC said:

Consider how much Carnival share price was hit, RCL relatively held well in past few months. This is nonetheless an important signal of fundamental shift. Some pain is ahead. Don't underestimate the 10% sale. When the share price drop by another 40%, it would be big money to buy back. Obviously it is a hedging for future drops. Long term funding share holder won't sell 10% of their holdings unless they think some big movement ahead.

See livingonthebeach's post above.  This is most likely a move by the heirs to diversify or liquidate for estate reasons.  Such trades are typical of estates when patriarch dies. Dutch estate taxes are 20%.

Edited August 28, 2020 by crewsweeper

[notmyrealnameoremail]

1 hour ago, crewsweeper said:

See livingonthebeach's post above.  This is most likely a move by the heirs to diversify or liquidate for estate reasons.  Such trades are typical of estates when patriarch dies. Dutch estate taxes are 20%.

This ☝️

[chengkp75]

Apparently, the sale bought out the only non-family owner of the Awilhelmsen AS group, so this private investment company is now 100% owned by the Wilhelmsen family.

[jwc1027]

Stock just broke $70, how many beverage packages does it take to get that price?

[CTCruiser76]

1 hour ago, jwc1027 said:

Stock just broke $70, how many beverage packages does it take to get that price?

Crazy .. right? I just bailed at 70+. 

[jwc1027]

25 minutes ago, CTCruiser76 said:

Crazy .. right? I just bailed at 70+. 

Congrats. I think that is the "smart" move but hey, I thought that at $50 too . Best of luck to you .

[CTCruiser76]

Yeah, the stock is definitely not performing like many of us had thought with no ships sailing. May current thought is the same as your, right now this is a $50 dollar stock until cruising starts again. Plan on buying back in when (if) it gets there...... 

[John&LaLa]

36 minutes ago, CTCruiser76 said:

Yeah, the stock is definitely not performing like many of us had thought with no ships sailing. May current thought is the same as your, right now this is a $50 dollar stock until cruising starts again. Plan on buying back in when (if) it gets there...... 

 

$30 until they pay off the debt

[CTCruiser76]

33 minutes ago, John&LaLa said:

 

$30 until they pay off the debt

I could see that too...I'm in again when it gets there!!

 

Edit....and if it does - I plan on doubling up!!!

Edited August 28, 2020 by CTCruiser76

[nelblu]

22 hours ago, livingonthebeach said:

The company still owns 18 million shares after the sale of the 2 million and the stock has gone up 6 percent since the sale so not much of an impact.  Arne Wilhelmsen passed away this past April and maybe the heirs have a different view of where to place their funds.  If they start selling the remaining 18 million then I think there should be cause for concern. 

 

This is a good site to monitor insider trading.  

https://www.secform4.com/insider-trading/884887.htm

 

 

Maybe estate/inheritance taxes.

[Tree_skier]

This is a minor transaction in the overall scheme of things and if it weren't for other things going on wouldn't have even made a ripple in the investment water.

[John&LaLa]

2 hours ago, CTCruiser76 said:

I could see that too...I'm in again when it gets there!!

 

Edit....and if it does - I plan on doubling up!!!

 

With profit from this sale, I have enough to do that

[livingonthebeach]

6 hours ago, chengkp75 said:

Apparently, the sale bought out the only non-family owner of the Awilhelmsen AS group, so this private investment company is now 100% owned by the Wilhelmsen family.

 

Didn't that happen last year when they sold 4.8M shares?

 

https://www.prnewswire.com/news-releases/awilhelmsen-completes-transaction-among-owning-family-members-and-sells-4-8-million-shares-of-royal-caribbean-300790403.html