It's still a fine line between value and wipeout. If the assets were to fall another 5.6%, we would have an equity of 0.
While it was a long shot before, its still quite a punt. And many investors will not rush into a stock that could very well return nothing in the end. The improved investment risk has been reflected in the increase in SP.
However, if all goes to plan, and the Japanese returns to strength on the rejuvenated economy, it could return more than $6 a share, especially if corporate rental yields go up. Meaning you could eventually get more than 800% on your investment.
But personally, I would say 0 is more likely.
GJT Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
