Chanticleer Virgin’s big takeoff, EOFY lessons, & will house prices ever fall?
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Jun 27, 2025 A tumultuous takeover bid for PointsBet raises questions about corporate governance in Australia. The relisting of Virgin on the ASX marks a turning point for the airline and ignites discussion on private equity's influence. Bizarre tax claims provide a humorous twist, while essential tips are shared for preparing tax returns. The podcast dives deep into the Australian housing market, exploring the effects of unemployment on prices and the challenges ahead, questioning whether significant changes are on the horizon.
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PointsBet Takeover Vote Farce
- The PointsBet takeover vote fiasco saw the largest shareholder's 20% stake mysteriously missing from the count.
- This caused the takeover to be falsely approved until corrected, causing investor confusion and market skepticism.
Geopolitical Stability Surprises Markets
- Despite geopolitical tensions with Iran and the US, markets have remained stable due to a tenuous ceasefire and weak Iranian retaliation.
- Investors have largely looked past the conflict, focusing more on conventional economic factors like interest rates.
Virgin's Revived Airline IPO
- Virgin Airlines relisted on the ASX after bankruptcy with much less debt and complexity than before.
- Bain Capital transformed Virgin by cutting debt, shedding unprofitable assets, and resetting the business model.