Fundamentally the company is as sound as it has ever been, whilst you can manipulate the WIP provisioning to smooth out the profit and loss year on year at the end of the day you cannot fake operating cashflow, I have listed the gross operating cashflow reported by the company each financial year from 2015 to 2022 below:
I have excluded the Mesh Class Action Proceeds from 2021 and 2022 year to take a conservative approach and to not throw out the numbers.
This business went through the big implosion of Slater and Gordon and the subsequent collateral damage caused in 2016 and 2017 and during this entire time up until now has consistently posted positive operational cashflow that improve year on year.
The comments raised in this thread about "good" lawyers leaving and starting up their own practices is white noise, this is not news and it has been happening since before this company was listed and will continue to happen.
SHJ Price at posting:
87.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)