Close menu




July 22nd, 2021 | 10:51 CEST

Carnival, Triumph Gold, TUI - It is starting again!

  • Gold
Photo credits: pixabay.com

Since the beginning of July, the cruise ships are now sailing again. AIDA already has 5 ships on the water again, and Carnival plans to bring a capacity of 75% back onto the water in the fall. These are the plans as of today. However, concerns about the pandemic development are also spreading because the travel industry is still very tense about the infection situation in the fall. A rampant spread of various mutations caused by summer tourism is expected for the winter. The good price-performance of various travel providers in the second quarter has also gone into reverse gear again. We take a closer look.

time to read: 4 minutes | Author: André Will-Laudien
ISIN: CARNIVAL PLC DL 1_66 | GB0031215220 , TRIUMPH GOLD CORP. | CA8968121043 , TUI AG NA O.N. | DE000TUAG000

Table of contents:


    Carnival PLC - Rollover in financing successful

    For investors in the travel industry, the pandemic is currently the most important criterion for investment decisions, in addition to the fundamental data. Should there be another tightening of the regulations in the fall, the number of passengers will have to be limited again, and the load factor will drop. The number of staff on board even had to be expanded for the current season's start to ensure safe operations. Overall, even after increasing prices, the margin has dropped significantly compared to previous years.

    The largest cruise operator, Carnival PLC, announced that it expects to have 65% of its total fleet capacity back available to guests on eight of its cruise brands by the end of 2021. Eight of the Company's nine brands have plans to resume guest operations on 54 ships to date by the end of 2021, with nearly half of the capacity on US-homeported ships. According to the Company, the advance bookings for the end of the year and 2022 should be at a high level.

    Meanwhile, the group is already back to work on its next refinancing. The Anglo-American cruise company's current rollover offer is to repurchase around EUR 2 billion of senior secured bonds maturing in as little as two years. For this, 85% of bondholder approval has already been received, and EUR 2.4 billion of new longer-dated bonds have been issued. A sign that the Company continues to enjoy the trust of investors.

    Carnival's share price, meanwhile, has had a rollercoaster ride. The price rose to EUR 22.4 due to the opening euphoria in June but then crashed again by 30%. The share is currently trading at EUR 16.85. With a successful refinancing, a new wave of speculation could occur.

    Triumph Gold - Drilling program started in June

    Cruise ships are still not allowed to dock in Canada; the country is closed for tourism until September 2021. However, there is unrestricted freedom of movement for residents; thus, drilling operations in mining companies can continue. Triumph Gold Corp. is a Canadian-based junior resource company engaged in property exploration in the Yukon Territory. They assembled a full-time team focused on advancing the Freegold Mountain project within Yukon's prolific Dawson Range copper-gold belt in March.

    The flagship project hosts three NI 43-101 mineral occurrences. It covers an extensive section of the Big Creek fault zone, a regional structure directly associated with epithermal gold and silver mineralization and gold-bearing porphyry copper mineralization. The 2021 exploration program at the Freegold Mountain project has commenced in the first phase, with diamond drilling and field teams mobilized to the site on June 15, 2021. Phase I consists of 8,000 meters of diamond drilling, 100 line kilometers of ground geophysical surveys, 35 line kilometers of soil sampling, and surface trenching. The program is aimed at defining new inferred resources and upgrading inferred resources to indicated resources.

    The current focus is on the Revenue zones, a gold-copper-silver-molybdenum-tungsten porphyry system and the Nucleus deposit, an epithermal gold-silver-copper system within strata of the Yukon-Tanana terrane. Drilling will be supplemented by assays on the Melissa, Irene and Vindicator zones. Historical trenching samples from the Melissa zone returned 5.67 grams per tonne gold and 52.8 grams per tonne silver. The entire program thus appears highly prospective.

    Triumph's stock has a current capitalization of CAD 25 million at a price of CAD 0.18 per share. The share is 41.8% institutionally held, with Newmont Corporation as the major shareholder with 12.8%. Looking at the chart and the ongoing drilling projects, Triumph Gold could be on the move soon.

    TUI - Travel agencies compete with online offer

    Booking numbers for tour operators have recently soared. However, the industry's largest, TUI, is only benefiting to a below-average extent because the travel provider's marketing strategy is not going down well with travel agency owners. The Hanover-based group has made it clear on several occasions that it is relying primarily on customer bookings via the Internet. The association of independent travel agencies sees this as "a declaration of war" because TUI had always been supported during the crisis, and now the online business dominates.

    There was also trouble because of discount vouchers that were available on TUI's online site. Then there was the communications fiasco in the Corona heyday. The corporate hotline was barely accessible to agencies, and disgruntled customers had to wait forever for refunds on canceled trips. In industry blogs, travel agency owners have therefore angrily announced that they would no longer offer TUI products in the future. That could become a problem for the group, which was saved with billions in taxpayers' money. Because right now, many vacationers are looking for personal advice from a travel agency.

    As data from Nuremberg-based analyst firm TDA shows, TUI did sell 15% more package tours in the first week of June than in the same week in 2019. But competitors such as DER Touristik, FTI, Alltours and Schauinsland have in some cases more than doubled their sales figures. TUI Germany boss Marek Andryszak has now announced his retirement because of the quarrels - at his request, it is said. It is doubtful whether this will change anything for the travel agencies because TUI group boss Fritz Joussen is also a declared fan of the online strategy.

    The TUI share has plummeted in the last 4 weeks, losing a good 25% since June. Given the current strategic problems and the uncertainties for the fall, the share remains highly speculative.


    The stocks considered here offer ideas for the speculative investor. With Carnival and TUI, one sets on a conciliatory continuation in the pandemic. With Triumph Gold, the turnaround opportunity with a view to an inflationary rise in the gold price is convincing.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.


    Der Autor

    André Will-Laudien

    Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.

    About the author



    Related comments:

    Commented by Stefan Feulner on May 18th, 2022 | 11:37 CEST

    Barrick Gold, Desert Gold, Newmont - Golden times

    • Gold

    The situation with gold is more than paradoxical at the moment. On the one hand, the Ukraine war is raging with the threat of spreading to other countries. On top of that, inflation rates are jumping to levels the world has not seen in more than 30 years. As the icing on the cake, the Zero-Covid lockdowns in China are hampering supply chains that are already broken. Gold should therefore explode. However, the reality is different. The precious yellow metal is currently struggling to reach the USD 1,800 per ounce mark. However, the crisis currency is likely to prevail in the long term and pave its way above new highs.

    Read

    Commented by Fabian Lorenz on May 12th, 2022 | 11:12 CEST

    BioNTech, BYD and Desert Gold: Shares for the rebound

    • Gold
    • Electromobility
    • Biotechnology

    Is the rebound coming? After the heavy price losses of recent days and weeks, the market seems ripe for a countermovement. However, this would require a little more volume in the market. But then, especially companies that have not disappointed operationally should profit. BioNTech, for example, belongs to this group. The Company has published convincing figures, and analysts see up to 50% price potential. BYD's share price should also pick up speed again. Finally, the rapid shift to electric pureplay seems to be succeeding and HSBC has raised the price target. Gold was not a safe haven in the current correction. But it is worth looking at bombed-out stocks here as well. Desert Gold Ventures is one of them. The explorer has started a new drill program and secured financing.

    Read

    Commented by Armin Schulz on May 6th, 2022 | 10:43 CEST

    Barrick Gold, Edgemont Gold, Rio Tinto - Are gold stocks taking off again?

    • Gold

    With the start of the Ukraine crisis, the gold price skyrocketed, but since March 8, we find ourselves in a consolidation. The 200-day line is currently holding, and it could go up again from here. But let's look at the reasons for the weakness in the gold price. On the one hand, there is the strong dollar, which naturally puts pressure on the gold price, and on the other hand, bond yields in the US are climbing again. After the FED announced on May 4 that it would not raise interest rates by more than 0.5 percentage points, which was originally feared, the gold price jumped again. Demand for physical gold remains high. We look at three companies in the gold sector.

    Read