Ann: Mesh Class Action Update, page-9

Has there been an update to the Appeal that has been submitted, I have had a brief search and can't seem to find any new information.

If anyone who understands the process can shed some light on the time-frame that would normally be provided to an appeal being made, I assume that there would be a reasonable time-frame allowed for J&J to make their case to be made but also subject to Court availability.

From a future earnings perspective this is good result for Shine Justice (assuming that the appeal is not valid) as this is effectively additional earnings for the company.

My three biggest concerns for the future of this company are:

1. Accuracy of reported WIP on the Balance Sheet
2. Impact of COVID-19
3. Litigation Funding Changes

Re-reading the following 2 paragraphs from the annual report re-assures me that this is fundamentally a good company to hold based on current share price:

Page 63 Accounting Policy Note on Work In Progress "WIP" - The Company recognises WIP where it is highly probable that the WIP will be recovered on completion of the matter
Page 128 Events occurring after the reporting period - At the date of the signing of the accounts, the Group is comfortable that performance to date in FY21 does not suggest that there will be a material impact on the business in the near term