BJT - Babcock & Brown Japan Property Trust

[GreatPig]

Anyone else holding this?

I'm just trying to decide if I want to take up the 10 for 18.xxx offer at $1.52 (I think it is). Current price is $1.66 and I think it's looking okay at the moment.

Anyone know anything about commercial property investments in Japan in general?

Cheers,
GP

 

[RichKid]

Anyone else holding this?

Anyone know anything about commercial property investments in Japan in general?

Cheers,
GP

Hi GP,
I don't I'm afraid, but Snake Pliskin may know something, word is that BNB have more experience (longer presence, better connections) than most other Aussies in Japanese property. Since the general economy there seems to be picking up might rub off on commercial space.

 

[GreatPig]

Thanks, RichKid. Don't really know anything about it myself.

Cheers,
GP

 

[clowboy]

I know next to nothing...but im extremely optimistic,


So it wasn't more helpful

 

[kerosam]

if i'm not wrong, it was one of the recommendations by fat prophets few months ago. their recommendation still stands.

 

[It's Snake Pliskin]

Hi GP,
I don't I'm afraid, but Snake Pliskin may know something, word is that BNB have more experience (longer presence, better connections) than most other Aussies in Japanese property. Since the general economy there seems to be picking up might rub off on commercial space.

Hi GP,

I'm in Japan now but have little experience with property over here. There are some issues of significance at the moment with regards to property:
1. Property has been depreciating for years and there appears to be a lot of vacancies. (BNB has this sorted out I believe)
2. In the past two weeks it has been made public knowledge that some buildings have been fraudulently designed and not built according to earthquake standards and could collapse in a good sized earthquake - level 5 out 7 on the Japanese scale. I've experienced a level 5 and they are not enjoyable at all.
Developers are buying back buildings and buyers are being paid back and forced to relocate. This has also included hotels which are closing down until they know their buildings are safe. It could be the tip of the iceberg and it has happened before in Kobe.

I don't know what the BNB fund is investing in, and the above may not be of concern, but I would do considerable research before investing in this one. The economy has picked up and seems to be going better than previous upturns. The share market is at 4 year highs also.

I hope this helps.

Snake Pliskin

 

[GreatPig]

Thanks, Snake. I do have their report, which I think lists some of the properties they own, but of course that wouldn't mean anything to me.

In the end though it's just one of a number of stocks I'm holding, and while I already have the quantity I originally intended, I'm not going to turn down discounted shares if it looks like the price will stay above that amount.

My wife and I are heading to Japan in April for a couple of weeks holiday (I also spent a couple of months backpacking there in '93). The only real estate we're likely to inspect though is castles and temples

Cheers,
GP

 

[It's Snake Pliskin]

Thanks, Snake. I do have their report, which I think lists some of the properties they own, but of course that wouldn't mean anything to me.

In the end though it's just one of a number of stocks I'm holding, and while I already have the quantity I originally intended, I'm not going to turn down discounted shares if it looks like the price will stay above that amount.

My wife and I are heading to Japan in April for a couple of weeks holiday (I also spent a couple of months backpacking there in '93). The only real estate we're likely to inspect though is castles and temples

Cheers,
GP

GP,

What parts of Japan are you going to?

April is a good time and O-hanami is a good thing to do.

Snake

 

[GreatPig]

What parts of Japan are you going to?

For this trip we're planning on Tokyo, Nikko, Matsumoto (for the castle), Nara, Kyoto, Himeji, Okayama, Hiroshima & Miyajima, possibly Matsuyama (again for the castle), and finally Takayama before returning to Tokyo. From Okayama, we may also visit one or two islands or Bizen or somewhere, possibly instead of Matsuyama.

We'll be in Takayama for the two days of their Matsuri festival at Easter. Originally I wanted to do what I did last time and go from Matsumoto to Takayama via the alps, but I don't think the road is open at that time, and even if it is, it would probably be pretty cold. Even Takayama I think will be quite cold. Last time I was there in late September, and while the alps (around KamiKochi) were beautiful and warm during the day, it was bloody freezing at night!

We're only going to stay in four places (Tokyo, Kyoto, Okayama, and Takayama) and make day trips to the other places using JR passes. Matsumoto and Matsuyama are quite long day trips, but my wife gets foot-sore pretty quickly, so probably won't mind a couple of days with a few hours spent on a train instead of walking

I've already been to most of these places, Nikko being the main exception, but there will still be plenty to see that I haven't seen before.

And thanks to the wonders of the Internet, I've already booked the air tickets and accommodation in all but Tokyo, and pretty much know where we'll stay there too.

O-hanami is a good thing to do

I'm not familiar with that. Is it something to do with the blossom season?

Cheers,
GP

 

[Milk Man]

Nikko? Do they make pens there?

 

[GreatPig]

Nikko? Do they make pens there?

Given it's one of the more touristy places in Japan, I'm sure they do

Cheers,
GP

 

[It's Snake Pliskin]

For this trip we're planning on Tokyo, Nikko, Matsumoto (for the castle), Nara, Kyoto, Himeji, Okayama, Hiroshima & Miyajima, possibly Matsuyama (again for the castle), and finally Takayama before returning to Tokyo. From Okayama, we may also visit one or two islands or Bizen or somewhere, possibly instead of Matsuyama.

We'll be in Takayama for the two days of their Matsuri festival at Easter. Originally I wanted to do what I did last time and go from Matsumoto to Takayama via the alps, but I don't think the road is open at that time, and even if it is, it would probably be pretty cold. Even Takayama I think will be quite cold. Last time I was there in late September, and while the alps (around KamiKochi) were beautiful and warm during the day, it was bloody freezing at night!

We're only going to stay in four places (Tokyo, Kyoto, Okayama, and Takayama) and make day trips to the other places using JR passes. Matsumoto and Matsuyama are quite long day trips, but my wife gets foot-sore pretty quickly, so probably won't mind a couple of days with a few hours spent on a train instead of walking

I've already been to most of these places, Nikko being the main exception, but there will still be plenty to see that I haven't seen before.

And thanks to the wonders of the Internet, I've already booked the air tickets and accommodation in all but Tokyo, and pretty much know where we'll stay there too.


I'm not familiar with that. Is it something to do with the blossom season?

Cheers,
GP

GP,

You will see some impressive places.
O-hanami is when people go drinking under the cherry blossoms and they sit around in parks on tarps and everyone has a good time. They are especially open to visitors and will invite you to drink with them if they think you are lonely.

Be careful of the monkeys in Nikko, they are very dangerous and will rob you. They are extremely brave in Nikko and have no respect for humans.

Cheers
Snake

 

[GreatPig]

Looks like I might have made the right choice in taking the extras at $1.52

Currently hovering in the $1.75 to $1.77 range and looking positive on the chart. I even put in a couple of possible waves based on Nick's book

Cheers
GP

 

[clowboy]

Greatpig,

By take more at $1.52, do you mean you bought more?

Are you optimistic with this stock?


Was looking really good on open today but by close not so great.

 

[GreatPig]

By take more at $1.52, do you mean you bought more?

Yes, when they issued more stock at $1.52 a share, with a 10 for 18.something entitlement.

Was looking really good on open today but by close not so great.

Yes, it ended up retracing most of Friday's gain, but I think still looks okay at this stage. Who know where it will go though.

Cheers,
GP

 

[TheAnalyst]

Hi everyone

I have been keeping my eye on the stock for the last 9 mths and the story is that Japan's property market suffered a terrible boom and bust and it was at a low for many yrs and B&B have taken the economicle cycle story and it believes Japan property is in the beginning of an expansion phase.

The stock has climbed i believe on the back of the main Babcock and Brown stock and of course the story spreads like the McQuarie bank story.

I havent seen any real earnings and have stayed back and seeen it stall at the $1.60 mark.

I always stay back from these types of stocks and especially ones that the P/E ratio gets a bit high as the probabilities of downside news increase and a very sensitive share price is created from this hype.

 

[britishcarfreak]

This seems to be tracking back to 1.60. It's strange given that it's been dropping since an announcement that their portfolio had been revalued at something like 8% up.

 

[GreatPig]

Seems to be holding above my trend line at the moment, but the next few days will give a better idea.

It's currently also around the support level defined last September. This was briefly tested in November then again a week or so ago. Hopefully it will hold.

Cheers,
GP

 

[RichKid]

I'm looking at diversifying via exposure to Japan's economy, came across this early review from Fat prophets, a bit old but good background: http://www.fatprophets.com.au/content.aspx?page=Babcock+&+Brown+Japan+Property+Trust,+Fat+227

 

[GreatPig]

Well they got it right. Buy up to $1.16 they said, and the price is now $1.805.

I'm still holding.

Cheers,
GP