RJT 0.00% 0.9¢ rubicon japan trust

Debt is more like $1B.... you guys need to read more....Assets...

  1. 10,103 Posts.
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    Debt is more like $1B.... you guys need to read more....

    Assets valued at about $1.4B from memory.... leaves assets of about $400M.... i.e. NTA about 90c....

    If their property re-vauled 25% down... that would knock about $350M off the asset value... i.e. NTA more like 15c..

    I don;t think there will be a re-valuation of -25%, but you guys need to do your numbers properly...
 
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