exactly puggles, so from your last post you are saying the problems of allco will have no effect on RJT. I don't understand this myth that RJT is risky because of its association with allco.
the debt refinancing and reducing gearing pose very little risk either. BJT has shown that RJT would not have problems selling some assets and as you say keeping NTA around 97 cents. Tokyo property in much better shape than U.S. and Europe.
I do think RAT and REU would find it more difficult to sell assets and refinance debt, but even their share prices are still at rediculous levels.
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