BJT babcock & brown japan property trust

hedging reduced , page-6

  1. 28,655 Posts.
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    mark,

    yes, thats the key, not having to sell.

    Having the gearing covenant removed, means that we arent forced to at the worst times.

    I like the fact that its jap banks, jap interest rates,

    while we lose some currency protection, we jus have to wear it.

    I'd rather have a div, that was subject to swings in currency, in a reit that could actually pay divs, because its not forced to pay down debts levels on covenants.

    A currency swing div is better than a RIET in trouble and not paying divs.

    market will wake up.

    cheers
 
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