BJT babcock & brown japan property trust

Hi guys.While I have no stock ATM, I had BJT on my watch list...

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    Hi guys.

    While I have no stock ATM, I had BJT on my watch list for some time. What prompted me now, to have another look, was the news that they sold a property for a 33% profit althought 18% bellow book value. Dividends will be announced soon and they seem to have money to pay some.

    I admit that at the current SP BJT is looking quite atractive.

    What puzles me is that ever since I started looking again, stock is puling back albeit slowly.

    Any theories on that>?
 
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Currently unlisted public company.

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