Can someone with more knowledge/insight than me comment on the Rod Eddington factor in all this? The single largest shareholder (over 26%) of QF is JP Morgan Nominees Australia, and Eddington is the Non Exec Chairman for J P Morgan Aust and NZ, right? And we all remember Eddington's role on the board of Allco which formed APA, the private equity tilt at QF in 2007, etc.
How does all tie together? Does it explain a reluctance of shareholders to tap the board and AJ on the shoulder? A lower share price may be a good thing for "owners" after all?
And where are the foreign owners of QF, for that matter? Are they holders indirectly through shareholder-owners such as J P Morgan or HSBC Custody Nominees, Australia (22% of the shares)?
Just trying to understand the whole picture better, since knowledge really is power. He who knows the least may be the one left searching for the last deck-chair.