BJT babcock & brown japan property trust

Interest cover of 3.7x is impressive.13.3% decline not so...

  1. Coppertop137
    3,760 Posts.
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    20/07/09
    09:34
    Post #: 5407135
    Interest cover of 3.7x is impressive.

    13.3% decline not so impressive but I think up to 20% decline was expected.

    It is a mixed bag I think.

    The hedge contract covenent of 65% is an issue. Property sales are not the answer as this will not necessarily reduce gearing %.

    BJT needs a new counterparty or more than one if possible.
    BJT Price at posting: 37.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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