Once these are paid off and if they can avoid converting the eurobonds. NTA should jump to over $8 (this is at december 2012 estimate). Not to mention, since then, commercial properties price in Japan have increased about 6% in the past 6 months and is likely to increase by another 5% in the next 12 months.
Page 7 of FY13 interim presentation shows NT sensitivity to revaluation and exchange rate.
My guess is, without eurobonds conversion. This stock is worth $12, if eurobonds does convert. Then $6 is the estimate.. If japan commercial real estate increase by another 5% in the next 12 months. Then $10 is likely even after eurobonds conversion.
Time will tell. Good luck to all holders.
Today market depth.. 92,000 buy vs 8,000 sell
GJT Price at posting:
62.0¢ Sentiment: LT Buy Disclosure: Held