UK 21:02 Saturday, 3 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is to be noted that Carnival (CCL) the cruise liner business with a good share of the US Caribbean nautical holiday business has at a share price of 2664p (last seen) broken out of a trading range going back to 2012 into new share price territory. That is happy outcome because in a brief note published last July I said that I though the shares looked like a buy at 2117p. So, having risen a useful 25% and more in four months what does one do now?
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Comments
Mark Selby
So you are telling us that “On a subjective read of the share price chart it seems possible that the shares could move up to round 2700p”. At the time you wrote the price was 2664p. One does not need to be a genius to suspect the price might go up 1.5% from 2664 to 2700! So what IS the point of this piece? Why not just say everything is already in the price and further increase is problematical? IE The shares are already virtually at the price where “they would be towards the of end of a new up-trend and thus looking fully valued on both technical grounds and in terms of an estimated PEG ratio of an estimated 22 times the coming year’s consensus earnings” forecast of $1.86 per share”