30% of the propery portfolio was revalued June 2010 at an...

30% of the propery portfolio was revalued June 2010 at an average of 5.6% write-down, this was one that wasn't. So envelope calcs 70% x 6% write-down = 4.2% write-down. But the 5% yeilds are looking attractive for investors who can borrow at significantly less than that in Yen, I think we're on the way up.

The cyncical me suggests this was a bit of a firesale just so 'working capital' requirements can be met until 2012, i.e. managements salaries - they should be doing more IMO, but their interests are somewhat aligned with holders as they do have stakes in this company. I like the patient approach, but sales need to be regular as it becomes risky holding your breath