(Rumour) Virgin Velocity to IPO later in 2019

[QF WP]

Was just at an investment management presentation and one Portfolio Manager (MD of Firetrail Investments Patrick Hodgens) piqued my curiosity with the statement above.

Based on the assumption that it may happen, I wonder what valuation Virgin have on Velocity in their books and what interest there will be. Could deliver the capital that Virgin need but exclude the future cash flow that a FF program delivers.

He also was very pleased with his investment in Qantas...



He values QAN at $10.

 

[Captain Halliday]

Was just at an investment management presentation and one Portfolio Manager (MD of Firetrail Investments Patrick Hodgens) piqued my curiosity with the statement above.

Based on the assumption that it may happen, I wonder what valuation Virgin have on Velocity in their books and what interest there will be. Could deliver the capital that Virgin need but exclude the future cash flow that a FF program delivers.

He also was very pleased with his investment in Qantas...

View attachment 178064

He values QAN at $10.

I’d pay $10 for Qantas. Perhaps not for an individual share though.

 

[trippin_the_rift]

lots of "I"s on that slide....

 

[QF WP]

Yes, whilst the "I's" may refer to AJ, I'm not sure that he can rightly take all the credit - but as CEO, he probably will. The Board sets the plans, he implements them and the thousands of QF staff do the work.

 

[moa999]

They've been pushing that barrow for a while

Virgin, Affinity prepare sale document for Velocity

Just came across Bloomberg, according to the AFR, Virgin Australia and Affinity Equity Partners are preparing sale documents for the Velocity Frequent Flyer program, AFR reports in its Street Talk column, citing unidentified people. Affinity has been considering its position for some months: AFR

www.australianfrequentflyer.com.au

The history of Aeroplan, which did well initially, then lost everyone their shirt, means this will be a tough sell I suspect

 

[Isochronous]

I'll definitely be having a look at this since FFP are more profitable than the rest of the airline, although if VA have put in place intra-group agreements to minimise what they pay VFF for points it may make it less lucrative than expected. Also depends on what scope there is for VA to cut the thing adrift (like AC did with Aeroplan) and just setup a new scheme.

 

[RooFlyer]

Enhancements ahoy!