yeah
markets can remain irrational longer than you can remain solven lol -
but if it is going to yield 15% p.a... that is more than the cost of funds here in aussie.
plus its twice under book value too.. thats the thing i dont get.
and it looks like it has NO relation to BNB at all, other than the fact it has it in its name.
the debt review by BNB has been confirmed to have NOTHING to do with BJT.
can anyone think of a situation where BJT could lose from here. i have thoughts of a few:
a) a massive earthquake taking out a building
b) yen plummets to hell (this would suggest more deflation though?)
BJT
babcock & brown japan property trust
