Re post #914, I am not sure where those shareholder figures come from, but from the
Qantas Annual Report for 2011 (Page 109), Qantas declare the following largest shareholders:
1. J P Morgan Nominees Australia ................ 514,714,244 shares .... 22.72%
2. HSBC Custody Nominees (Australia) Limited 428,322,920 shares .... 18.91%
3. National Nominees Limited ...................... 413,707,968 shares .... 18.26%
4. Citicorp Nominees Pty Limited ................. 253,053,991 shares .... 11.17%
300 million staff shares would represent only 13.24% of the issued capital (2,265,123,620 shares) and have little impact at an AGM.
Any
significant staff equity participation,
without the support of the Board and institutional investors, is simply impossible and a pipe dream.
Interesting the share price is up 7.32% since the ASX opened on Monday morning but 39,003,746 shares traded in the past 26 hours or so appears abnormally high? Short term speculation or long term participation?
By comparison, Virgin shares are up 4.17% since Monday ASX opening, but an unusually high 26,133,837 shares have been traded?
Between Friday's close and the current share price (10.30 am 1 November) Qantas market capitalisation has risen $260,489,216,
slighly higher than the total cost of industrial action and fleet grounding losses........