Rare mauibabes Posted May 21 #151 Share Posted May 21 So the real question two weeks into the IPO date, what is the value of being a Shareholder and how many shares does it take? SBC based on length of cruise or what? Thanks for the info in advance. Mauibabes Link to comment Share on other sites More sharing options...
CurlerRob Posted May 21 #152 Share Posted May 21 46 minutes ago, mauibabes said: So the real question two weeks into the IPO date, what is the value of being a Shareholder and how many shares does it take? SBC based on length of cruise or what? Thanks for the info in advance. Mauibabes Nothing but speculation at present. In the past, Viking has chosen to avoid the loyalty program kool-aid, so it would not surprise me if they passed on this as well. One hopes the "value of being a shareholder" would be provided by the stock itself. Time will tell on that. 🍺🥌 4 Link to comment Share on other sites More sharing options...
Rare mauibabes Posted May 21 #153 Share Posted May 21 @CurlerRob Thanks because I could not find anything within Investor Relations or elsewhere. I think you are right as they will have to see what life is like as a publicly traded company and what it may take to entice people to become cruisers as well as stockholders. They have entered a new ballgame and will go through the growing pains. Mauibabes Link to comment Share on other sites More sharing options...
CurlerRob Posted May 21 #154 Share Posted May 21 22 minutes ago, mauibabes said: @CurlerRob Thanks because I could not find anything within Investor Relations or elsewhere. I think you are right as they will have to see what life is like as a publicly traded company and what it may take to entice people to become cruisers as well as stockholders. They have entered a new ballgame and will go through the growing pains. Mauibabes You're quite welcome. There's been a fair bit of speculation on this thread about the "new ballgame" and it's potential impact on the firm - many expressing trepidation. Personally, I'm far from persuaded that the IPO will necessarily cause noticeable change. Viking had two major shareholders (23% ownership) prior to the IPO - neither of them were shrinking violets about expressing their opinions, but there was no indication that they influenced the corp. direction to any strong degree. As well, I have yet to determine the level of ownership that the Hagen family retains. It's one thing to be publicly traded, it's wholly different if you are still the controlling shareholder. Cheers! 🍺🥌 1 Link to comment Share on other sites More sharing options...
Rare LindaS272 Posted May 21 #155 Share Posted May 21 16 minutes ago, CurlerRob said: You're quite welcome. There's been a fair bit of speculation on this thread about the "new ballgame" and it's potential impact on the firm - many expressing trepidation. Personally, I'm far from persuaded that the IPO will necessarily cause noticeable change. Viking had two major shareholders (23% ownership) prior to the IPO - neither of them were shrinking violets about expressing their opinions, but there was no indication that they influenced the corp. direction to any strong degree. As well, I have yet to determine the level of ownership that the Hagen family retains. It's one thing to be publicly traded, it's wholly different if you are still the controlling shareholder. Cheers! 🍺🥌 See the video at post #124. Tor says he owns over 50% of the company. 1 1 Link to comment Share on other sites More sharing options...
Rare OneSixtyToOne Posted May 21 #156 Share Posted May 21 23 minutes ago, CurlerRob said: I have yet to determine the level of ownership that the Hagen family retains He has stated publicly he personally owns over 50% of the shares. https://www.cnbc.com/video/2024/05/01/short-viking-ceo-on-ipo-very-different-from-other-cruise-companies.html 1 Link to comment Share on other sites More sharing options...
KBs mum Posted May 21 #157 Share Posted May 21 19 hours ago, OneSixtyToOne said: He has stated publicly he personally owns over 50% of the shares. https://www.cnbc.com/video/2024/05/01/short-viking-ceo-on-ipo-very-different-from-other-cruise-companies.html He owned or controled 75% of Viking UK prior to the stock float Link to comment Share on other sites More sharing options...
Mike07 Posted May 21 #158 Share Posted May 21 Keep in mind, TH was born in 1943 per Wikipedia. In all likelihood, his daughter will continue what her father started, but once the company changes hands, anything can happen. Though as others have noted, being publicly traded isn't necessarily the death knell. Near peers like Oceania and superior peers like RSSC are owned by NCL (a product most readers here would not be interested in). Link to comment Share on other sites More sharing options...
OnTheJourney Posted May 23 #159 Share Posted May 23 On 5/19/2024 at 8:42 PM, Cienfuegos said: would have been for somebody to shoot down the Wright Flyer in 1903... Well, then at least maybe Glenn Curtiss would have had his crack at all the fame! Wright Bros. were ruthless in trying to establish a monopoly on aircraft production. Unable to gain complete dominance, though, the company adapted a legal strategy. It would sue other aviators and firms, including Curtiss, in a bid to collect licensing expenses. Holding the patent meant that no entity could copy the Wrights’ design without their permission and without paying fees. I didn't realize any of this until visiting the Curtiss museum in Hammondsport, NY last month while we were there to hopefully see the eclipse. It was a long drawn-out battle between Curtiss and the Wrights. The family even blamed Curtiss' stubbornness as a cause of Wilbur's illness that led to his death. But, several years later the two companies merged into one corporation. Fascinating story. The museum shows an hour-long film about it. 1 1 Link to comment Share on other sites More sharing options...
Rare FetaCheese Posted May 31 Author #160 Share Posted May 31 From Sea Trade Cruise News: Viking Earnings Call https://www.seatrade-cruise.com/finance/viking-continues-contrarian-no-guidance-nor-striving-investment-grade?utm_campaign=SC_News_Seatrade Cruise News Weekly Update_NL_05312024&utm_emailname=SC_News_Seatrade Cruise News Weekly Update_NL_05312024&utm_medium=email&utm_source=eloqua&utm_MDMContactID=9d5bd72d-7f4c-4493-b015-48013d5850ea&utm_campaigntype=Newsletter&eM=aa701701123f0394af13ba72c3450f5afc29342d5a552fc03cb711122d86b6d0&eventSeriesCode=ES_SEATRDCRSCTNT&eventEditionCode=MTM00SCC&sessionCode=S_STRDCRSNEWS&sp_eh=aa701701123f0394af13ba72c3450f5afc29342d5a552fc03cb711122d86b6d0 1 Link to comment Share on other sites More sharing options...
Baron Barracuda Posted May 31 #161 Share Posted May 31 (edited) Read through the VIK 1q earnings release. While it speaks of stronger bookings and higher margins for the quarter what struck me was the operating loss of $90MM and overall loss of almost $500MM (which included some one time IPO related costs). More strikingly the balance sheet shows total assets of $8.8B vs liabilities of $14.6B (debt$9.8B, customer deposits $4.0B) and stockholders equity of negative $5.8B. As a Viking customer I'm a big fan however it's hard to make a case for owning the stock. Edited May 31 by Baron Barracuda 3 Link to comment Share on other sites More sharing options...
rmalbers Posted May 31 #162 Share Posted May 31 (edited) Ya, I guess that's 'highly leveraged'. Having said that, I started a very small position, just for the fun of it. No matter what happens, it won't affect my bottom line. I haven't found what the interest rate is on their debt and when it has to be refinanced. Edited May 31 by rmalbers Link to comment Share on other sites More sharing options...
OnTheJourney Posted June 1 #163 Share Posted June 1 (edited) $31.41 today. 9% gain on it since I bought it at slightly under $28 beginning of May. See where it goes from here. Edited June 1 by OnTheJourney Link to comment Share on other sites More sharing options...
Rare Clay Clayton Posted June 12 #164 Share Posted June 12 Looks like Hagen was telling the truth about his ownership😁 https://www.seatrade-cruise.com/finance-legal-regulatory/how-vikings-post-ipo-ownership-shakes-out?utm_campaign=SC_News_Seatrade Cruise News Weekly Update_NL_06112024&utm_emailname=SC_News_Seatrade Cruise News Weekly Update_NL_06112024&utm_medium=email&utm_source=eloqua&utm_MDMContactID=db60c4e4-0afe-4832-ad88-83806cef368f&utm_campaigntype=Newsletter&eM=fe6114d63ee1af637c116a68ad60731963dbb02f790981a727f86217fc60c39d&eventSeriesCode=ES_SEATRDCRSCTNT&eventEditionCode=MTM00SCC&sessionCode=S_STRDCRSNEWS&sp_eh=fe6114d63ee1af637c116a68ad60731963dbb02f790981a727f86217fc60c39d 1 Link to comment Share on other sites More sharing options...
CurlerRob Posted June 12 #165 Share Posted June 12 31 minutes ago, Clay Clayton said: Looks like Hagen was telling the truth about his ownership😁 https://www.seatrade-cruise.com/finance-legal-regulatory/how-vikings-post-ipo-ownership-shakes-out?utm_campaign=SC_News_Seatrade Cruise News Weekly Update_NL_06112024&utm_emailname=SC_News_Seatrade Cruise News Weekly Update_NL_06112024&utm_medium=email&utm_source=eloqua&utm_MDMContactID=db60c4e4-0afe-4832-ad88-83806cef368f&utm_campaigntype=Newsletter&eM=fe6114d63ee1af637c116a68ad60731963dbb02f790981a727f86217fc60c39d&eventSeriesCode=ES_SEATRDCRSCTNT&eventEditionCode=MTM00SCC&sessionCode=S_STRDCRSNEWS&sp_eh=fe6114d63ee1af637c116a68ad60731963dbb02f790981a727f86217fc60c39d Thanks Clay. I note the family retains 87% of the voting rights - basically no change in governance. Hopefully, this should reassure those who seemed to equate an IPO with an automatic decline in service quality. 🍺🥌 3 Link to comment Share on other sites More sharing options...
Rare Clay Clayton Posted June 12 #166 Share Posted June 12 1 hour ago, CurlerRob said: Thanks Clay. I note the family retains 87% of the voting rights - basically no change in governance. Hopefully, this should reassure those who seemed to equate an IPO with an automatic decline in service quality. 🍺🥌 My thoughts (hopes) exactly. 1 Link to comment Share on other sites More sharing options...
KBs mum Posted June 12 #167 Share Posted June 12 3 hours ago, CurlerRob said: Thanks Clay. I note the family retains 87% of the voting rights - basically no change in governance. Hopefully, this should reassure those who seemed to equate an IPO with an automatic decline in service quality. 🍺🥌 It's 75% of Viking UK, or was before the float Link to comment Share on other sites More sharing options...
Cienfuegos Posted June 13 #168 Share Posted June 13 8 hours ago, KBs mum said: It's 75% of Viking UK, or was before the float My understanding is Viking (the publicly traded company) owns various share totals of the subsidiary companies (River, Ocean, US river, Viking UK, China, etc), with the parent controlling them. The Hagen family controls the parent. That structure should allow the parent to avoid disaster if something happens in one of the subs. There's likely enough insulation to protect the family's interests. Link to comment Share on other sites More sharing options...
Hanoj Posted June 13 #169 Share Posted June 13 14 hours ago, Cienfuegos said: My understanding is Viking (the publicly traded company) owns various share totals of the subsidiary companies (River, Ocean, US river, Viking UK, China, etc), with the parent controlling them. The Hagen family controls the parent. That structure should allow the parent to avoid disaster if something happens in one of the subs. There's likely enough insulation to protect the family's interests. Are the subsidiaries wholly owned? I haven't delved into the SEC filings. Link to comment Share on other sites More sharing options...
Mike07 Posted June 13 #170 Share Posted June 13 4 minutes ago, Hanoj said: Are the subsidiaries wholly owned? I haven't delved into the SEC filings. They definitely can't with China. Link to comment Share on other sites More sharing options...
Cienfuegos Posted June 15 #171 Share Posted June 15 On 6/13/2024 at 12:17 PM, Hanoj said: Are the subsidiaries wholly owned? I haven't delved into the SEC filings. I concur with Mike07 on China, and I believe there are minority holders in some of the others. I am not currently invested in Viking, so I haven't taken apart the financials and mapped the ownership. 1 Link to comment Share on other sites More sharing options...
Mike07 Posted June 15 #172 Share Posted June 15 23 minutes ago, Cienfuegos said: I concur with Mike07 on China, and I believe there are minority holders in some of the others. I am not currently invested in Viking, so I haven't taken apart the financials and mapped the ownership. My only comment in China is that anybody looking to do business in China has to go in with a Chinese partner and said partner has to have 50% + 1 controlling interest of the company. I wouldn't be surprised if other countries have similar rules. Link to comment Share on other sites More sharing options...
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