They are pretty sneaky. If they buy half of dbct for 600M they might book an instant 300-400M profit. Then they put 600M to prop up BBI and take 90% equity and see what happens, fair chance of survival and then doubling there money in that as well.
Still I think the implications for MXUPA are not great as the balance sheet will be that little bit more stretched. A bit less likely for redemption any time soon.
