cheap entry to commercial and resi props

this one just hit my radar....to watch.....dyor.......but its been selling commerciil props to reduce debt,,,,,,,not fire sales, very close to book value at dec 07.....sp gone from 1.00 to now .20 cents..........doing a jv north melbourne with hbos for resi development..........
if you cannot afford a house , you can afford to buy shares in a company that's trading at 80% discount........with upside potential
I have to do more researach, but seems like there was a managment problem thats been resolved.........and a credit problem, also resolved.........
u can wait for the chart to confirm the upside
I do not like listed property trusts.........but I do like property companies, that actually build houses......like a v jenning, devine, axiom etc all trading at discounts
cheers