theheadmaster,
That's who can call a trading halt.
Trading Halts - Australian Securities Exchange - ASX
What will it signal to the market? The market already believes the company is a basket case.
- What did the shutdown of the airline signal to the market last year?
- What has a $200+million loss this year signalled to the market this year?
- What has the more than halving of the share price signalled to the market?
- What has no payment of dividends signalled to the market?
- What has the slashing of international routes and downsizing of the company signalled to the market?
- What has the failure of RedQ in Malaysia signalled to the market?
To hinder the takeover, the current board has to be removed. Geoff Dixon needs to be either sacked as Chairman of Tourism Australia, or abandon his bid for QANTAS due to his conflict of interest in both roles.
This charade that Dixon has fallen out with Joyce is just that.
Maybe the government, for all they're worth, needs to step in and take control of the airline, and not let it be taken over by a private equity company to only be broken up and sold off.
The share price as it stands, barely equals the cash on hand in the company. Then there's assets such a aircraft, property, equipment, FF program, Lounges, etc. The company is worth more than the share price suggests. Why wouldn't the likes of Dixon, Singleton, Gregg, Carnegie and Gerry Harvey buy it and then break it up and flog it off?
I would say this is reason enough to call a halt.
This is an APA II in the making.