Strong share price performance last few weeks caused me to have a look at these. Normally do not go for highly geared situations, but tempted to modest extent by this - after asset writedowns of nearly 30% in 2008 they ended up with net assets per share of 290p and net rental income covered interest almost twice, so does not look like they will run out of cash in the near term. Lending covenants will be an issue if property values continue to fall - they have large industrial interests in West London/Heathrow area. Interim Management Statement end of April clearly shows determination to sort balance sheet out and some or all of their assets could be attractive to stronger players at the right price. Anyone any views?

moving up nicely still cheap imho.

1 can be achieved.

blimey - if I'd bought a lot more then I might even have become a day trader!

Possible takeover announced today, although cannot say wildly attracted by Segro paper at present. BXTN hold some quality assets and hopefully a stronger bidder will emerge.