Ann: Stolen Wages WA Class Actions Settlement, page-4

I am confused by Shine making adhoc price sensitive announcements about class action settlements.

We have seen this as a recent change, with mesh, pfas, Wreck Bay indigenous case and WA Stolen Wages settlements all announced and declared as price sensitive. Presumably it is because of a substantial amount of cash will be received from the settlement.

Why did not Shine do this before? The only rationale I could think of is that now that their market cap is so low comparatively, any couple of million dollars received, or written off, is price sensitive.


This also makes me wonder why their recent settlement of Evans Dixon (for $16 million) was not announced to the market, and therefore not seen as price sensitive. It looks like it was not funded, so there should be a lot of work about to be converted to cash. Maybe the write off equals the income on this matter? I am completely in the dark as to their thinking. It would be good to know what rationale they have for announcing some settlements and not others, as well as what threshold they use for saying it is price sensitive.