I just don't understand why anyone would be selling out of BJT...

I just don't understand why anyone would be selling out of BJT at present.

I realise that MQG have a lot of shares that they MAY now want to get rid of subsequent to not picking up BJT management rights, but surely even they would hang on to them until the SP more realistically reflects BJT's underlying performance and distribution yeild...

Operating profit PE 2009 = 40c/12.5c = 3.2 x
Depressed distribution 2009 = 9.0c/40c = 22.5%

Like others on this thread I think that BJT should easily get up to a PE of around 6, or a SP based on a distribution yeild of 10-12% in the ST.

Please tell me another company with the income stability on the ASX that will provide me with these returns, and likely to improve its distribution going forward ?????