big ann - bigger than ben hur, page-84

Marri

You are making many assumtions in your statement.
You state" If that discount was applied to all BJT's proprties they would gone for all money."
Can you please explain why that is the case, particularly given that BJT announced a net operating profit after tax for the six month period ended 31 December 2008 of
A$32.4 million, 30% higher than the prior corresponding period.

Operating profits "operations" is quite different to balance sheet valuations.

From an earlier report.
“The stability of BJT’s operational performance despite the difficult conditions across property markets globally is testament to the quality of BJT.

Gearing, net of available cash, at 31 December 2008 was 57.6%. With an interest cover ratio of 3.7 times, gearing is comfortably supported by operating cash flow. Following the repayment of BJT’s A$56.5 million corporate facility from existing cash reserves on 31 October 2008, BJT has no debt maturing prior to March 2010.

No problems here.

Shame you sold out a few weeks ago.