Originally Posted by
bensyd
It's a trader's stock (3.3b shares traded last year, 2.2b shares on issue. Already this year 700m shares have traded). The holding period is relatively short for Qantas shares, especially by ASX large cap standards. Heavily traded stocks don't often = activist shareholder base.
That is how I made my money on QAN, when I was an active trader. Never a long term investment I traded on the price cycle generally 4 times a year.
Interestingly having inherited my Virgin shares from my holding in Patricks I never traded them....holding too small to bother and they just sit on my holdings list.
I am curious on who has the power to sack the Board and Executives that people have called out for sackings.
IMO AJ will leave after the bulk of the cost cutting starts to bear fruit. He has burnt too many bridges and his role is probably be the hachet man then leave for another CEO to come in and take the credit.