AJA (and GJT) are screaming cheap to me. The beauty of this...

AJA (and GJT) are screaming cheap to me.
The beauty of this stock is on the days where stocks have big falls around the world, the JPY strengthens which is good for the stock and increases the NTA and profitability.
With the JPY to AUD at 84.20 the NTA is closer to $7.15. The 30/6/15 rate used was 93.99.
The economy is slowly picking and should continue leading into 2020 Tokyo Olympics.
97.2% occupancy . All sales going through well above value in balance sheet.
Net rent 5.3%, which is fine when you borrow at 61% LVR at an all up cost of under 1.5%.

What will happen if the JPY to AUD goes back to low 70's? If it does not not to worry. The company still made good money and paid 28.5c dividend while the JPY was in the high 90's.