GJT 0.00% $2.69 galileo japan trust

what made this share jump so much?, page-2

  1. 2,889 Posts.
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    The major holders used to be in it for the yeilds, and they went, so did the major holders.

    83% leveraged and then GFC and asset prices took a hit, and Aquapeel bought too many and they have been selling at the first sign of any buying volume ever since, (usually to Orbis / GJT Funds Management).

    The refinancing deal with the Eurobonds ensured survival and managements jobs for 4 years but there wasn't much incentive to ramp the share price up after that.

    Still a lot of value here, and more importantly the potential for upside, unit price has the potential to double overnight adn still be trading at a massive discount to NTA. Worth having a handful IMO
 
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Currently unlisted public company.

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