SHJ 1.22% 81.0¢ shine justice ltd

Ann: FY21 Results Overview, page-16

  1. 642 Posts.
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    I haven't had a chance to digest the reports yet but a couple of concerns from having skimmed through.

    The below quote seems very bullish:

    "
    We are expecting increasing EBITDA growth in FY22, in the order of a low double digit
    percentage, subject to any material or unforeseen future impacts of the COVID-19 pandemic."

    Would be interested to know how they plan to pull this off now that the sugar rush of the mesh case has been accounted for.

    Additionally there is the following:
    "[GOCF] includes an amount of $20.91 million (excluding GST) received in
    respect of work in progress on the Mesh Class Action,
    in respect of which we await the High Court’s decision."

    There is clearly a risk that the High Court's decision will be unfavorable which would result in a loss of some or all of this $20m. To me (as a non-lawyer) this seems low risk but it is a risk none the less.
 
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