The rumour, if true, would herald a huge con by this group.
To be seen like white knights riding in to the rescue and buy up shares is just too bizarre.
To take a significant shareholding position in order to change the direction in which Qantas is going is strange.
These guys don't usually invest a lot of money in a high risk strategy like this, and the only reason I can see that they would do this on this occasion is to sell down these shares at later date to take profits.
Of course this not illegal, but certainly unethical if you have conned people into thinking that the company is now on track for better times and future dividends.
Good news no doubt for long suffering shareholders.
The tricky part might be in acquiring shares at a nice low price as a package, but wait... Qantas has been buying back a tidy $100 million of shares and I wonder if there would be an off market transaction.
Hmmmmm.....