BJT - Babcock & Brown Japan Property Trust

[DionM]

Bit of a bump on this old thread!

Do we think it may have found a bottom at around 1.55-1.60? Been trading down there for a little while, seems to have arrested the SP decline.

Distribution guidance looks nice, they have reasonable income through tenants ... deciding whether or not to invest.

 

[chops_a_must]

Decided to short this on the open, as out of all the macquarie and babsuck listed shares, this one bent over and took it the most. Will see how it goes...

 

[Morgan]

Time for bottom picking??
On the chart CMF now above zero and heading nicely upward.
Director purchased quarter of a million dollars worth of shares last week.
9.7% dividend.
Not holding but have been watching closely for a long time looking for any reversal of the long downtrend.

 

[trueblue]

just for the record. director purchased a further 200,000 shares today. maybe it will turn soon. Who knows. I certainly do not.
true blue

 

[AnDy62]

Does anyone know how much Babcock's (BNB) woes affect BJT? I can't seem to find any info and I'm tempted to panic sell!

 

[AnDy62]

Well panic sell I did (or I can call that a stop loss? ha) and just as well, she's in freefall, down 17%, 8 buyers and 70+ sellers. GULP!

 

[tcoates]

Well panic sell I did (or I can call that a stop loss? ha) and just as well, she's in freefall, down 17%, 8 buyers and 70+ sellers. GULP!

At least you live to see another day... I did the same re BBW. They all seemed to be getting smashed at some level today. Fundamentals aside (regardless of any stock with Babcock in its name), the market is saying otherwise, so better listen to it.

Tim

 

[sofman2000]

Hi Guys- BJT is currently at 31c- What are the thoughts at this level for a long term bet? Looks like panic selling was the way to go back in June.

 

[uzumaki]

i am holding tight, bought it 32c and then again at 28c as per recommendation of a review of BJT by some article i read on www.theinflationist.com.

http://theinflationist.com/warren-buffett/asx-listed-commodity-stocks-trading-close-to-cash
although some of the stocks mentioned i dont really agree with. but picked and chose the ones i like.

 

[dobbsy]

Hi All, any thoughts out there on this one? I bought in at .39 when the dividend yield was about 30%, now its down to .20c and a yield of around 54% So down almost 50%. Ive looked and looked but cant find too much to explain the weakness, apart from maybe all the uncertainty in the japanese market. Good occupancy rate and steady cash flow, property portfolio is worth $800,000,000 more than total debt. Am I missing something here?
Thanks

 

[truevalue]

Hi Dobbsy,

This one has been chucked in the pile of REITs that are going broke, even though they have no financing risk for 2 years, great occupancy levels, 4x interest cover, an NTA north of $1.50. This will be one of the genuine opportunities that comes out of this mess in the next 2 years and you will make plenty if you are patient.

Look for internalisation of management by buying out BNB rights any day now.

 

[dobbsy]

Hi Truevalue, Thanks for your input with this one. I see it touched .185 today, I think maybe time to buy more to bring my cost average down. Surely it cant go down too much from here, but in this market anything can happen I guess!

 

[dobbsy]

Got back in at .205 a couple of weeks back. Today at 31, up 8% on a generally down day. Cost average now .283 so going ok. But no real news to explain the around 50% rise since last post. Dividend if they pay is still around 40%, pretty good in anyones books! Just hopeing that the weakness in price is due to the fact that it has 'Babcock & Brown' in its name!