what are the risks, page-9

just sharing my figures with the board.....i fail to see how a 25% drop in nta will create neg equity.

current loan 4.9mil
non current loan 81.5mil
total loan 86.5mil

NTA 397.2 mil or 97cps
NPAT 51.2mil/yr
gear level 17%

conservative gearing, good nta, hedges were the main worry & thats rid of. next issue is the unfair terms of the shinsei arragement & given the better bargaining position of rjt now that nab is offf their back i fail to see a problem....maybe it is just me....
given an NTA of 97cps even a 50% drop in prices of the japanese property market (unlikely) we the shareholders are still ahead....