Mark Di Stefano

3 days ago | afr.com | Mark Di Stefano

The breakdown sent around for Virgin’s $2.3 billion IPO (which includes a $685 million capital raising) on Wednesday partially revealed who owned how much of the airline as it stands. Bain Capital holds 69.1 per cent (which will be sold down), Qatar Airways is on 23 per cent, while the remaining 7.8 per cent is held by Virgin’s management and “current and former employees”. At the $2.90 per share, Virgin’s staff are sitting on what may soon be worth $180 million in shares. Loading...

4 days ago | afr.com | Mark Di Stefano

The failed Liberal Party candidate for Kooyong, Amelia Hamer, last Friday met two associates at Brothers Keeper. They were prominently perched near a window of the Melbourne cafe on Glenferrie Road in Kooyong (the suburb, not the electorate) which is a favourite of some of the area’s more prominent residents. Packaging billionaire Raphael Geminder is frequently spotted grabbing his morning brew from Brothers Keeper, only a short walk from neighbouring Toorak.

5 days ago | afr.com | Mark Di Stefano

Last week, this column pointed out that WiseTech “independent” director Charles Gibbon owns one of the country’s largest superannuation balances. Gibbon and his wife Claire’s Fabemu (No. 2) Pty Ltd holds 15,594,630 shares in WiseTech, which is currently worth $1.63 billion. It’s a supernova SMSF that in this climate even has the Daily Mail clickshop struggling with hypothetical maths about how Jim Chalmers′ super changes will affect him. Loading...

5 days ago | afr.com | Mark Di Stefano

Freshwater Strategy director Jonathon Flegg recently popped up on the little-known sporting podcast Scoreboard to discuss his company’s work. “I guess you may have heard about us in the media,” Flegg said, in somewhat of an understatement. He said Freshwater tends “to make a few waves around the ridges” and “we seem to be well-known for the polling work we do”. Loading...

6 days ago | afr.com | Mark Di Stefano

Star Entertainment chairwoman Anne Ward attended 45 board meetings (of a possible 46) of the distressed casino operator in the 2024 financial year. It’s surely one of the busiest director schedules on the ASX. Necessitated by Star Entertainment being a dumpster fire (which might be unfair to dumpsters and/or fires). Less known is that Ward is also chairwoman of the ASX-listed Articore Group, the ecommerce operator of Redbubble. She joined as a director in 2018. Loading...