Are you assuming that the Toll deal won't go through so they're going to be forced into a restructure? Or cap raising etc?
If we assume that Japan Post isn't walking away, then the bankers are still happy to wait til 2019 right? So no restructuring. Unless of course things deteriorate a whole lot more and oil stay down a whole lot longer - something that could happen but so far is not a sure thing to happen.
Ann: Change in substantial holding, page-4
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