I am now of the opinion that GJT is at multi bagger level.I...

I am now of the opinion that GJT is at multi bagger level.

I backed up my sentiment adding more at 4.2c

Justification - at recent lows with with only 2 trades at 4.0 and one trade at 3.9c a while back.

NTA 52c / unit and you're paying a 92% discount to NTA (as at 30th June.)

A simple peer to peer analysis....

AJA (Astro Japan Propery) revalued there portfolio down 13.3% of portfolio balance 30th June. And a further 4.8% end of December.

GJT revalued down 18% for the 08/09 year.

My point is GJT may or may not have been more aggressive in writing down assets - anyway any half yearly downside should be limited to 5% maximum, with gearing at ~79% that should leave NTA around ~39c / share. (fx not accounted for)

Key funding sorted till 2012 and the Japan property market relatively stable - multibagger potential like IIF a while back.