bought in early 80s

First tranche in. I tried to get in under 70, then under 75 but I have decided to give it a bash now. I'll be happy to average down if given the chance, not that anyone gives a rats about this one anyway. LOL

Sydney - Friday - August 1: (RWE Aust Business News) - Babcock &
Brown Japan Property Trust (ASX:BJT) has monetised and partially reset
its capital hedge portfolio realising a net $18.8 million in cash and has
extended the tenor of its capital hedges.
The capital hedge portfolio has been reset by unwinding the
pre-existing capital hedges and establishing new capital hedges for
approximately 20.4 per cent of net investment in Japanese assets
(previously 39pc).
The reset capital hedge portfolio is at the minimum of BJT's
20-40pc capital hedge policy range and it is anticipated that this level
may be increased in the medium term.
The tenor of the hedges has been extended to 5.6 years
(previously 3.6 years).
No changes have been made to the distribution hedging.
Following the monetisation of the capital hedges, BJT will have
approximately $66 million of available cash, which will be available to
repay a $56.5m debt facility maturing in December 2008 in the event this
facility is not refinanced. BJT has no other refinancing requirements
until March 2010.
Cash distributions to unitholders will not be impacted by the
reset through the use of a range of capital management initiatives
available, such as the further buy back of BJT units, use of cash from
the monetisation and/or increasing the level of capital hedging over
time.
BJT will provide December 2008 distribution guidance at the time
of the June 2008 results release.