With all the regulatory hurdles/rules limiting ownership has anyone thought this may just be a clever form of insider trading?
What shareholding does Mac bank have in QF?
It seems to me a little unlikely that a corporate raider would be able to successfully buy QF and then sell off bits...talking up the share price 20- 30% and then selling seems like a more likely scenario.
Given the mood of QF staff any foreign fund managers thinking about a 'buy and break up' strategy would likely find themselves with a grounded airline in about 10 seconds...it would be the one scenario most likely to back every QF staff member, both flying and ground staff, into the same corner...and that would destroy the equity/cash flow that any highly leverage M&A strategy relies on.
It would cost LJH the next election without doubt.