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0.71%

69.5¢ shine justice ltd

Ann: J&J/Ethicon Mesh Class Actions Update, page-67

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powertool

690 Posts.

33

20/08/23

18:00

Post #: 69443285
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Originally posted by noomxx: ↑

ok but if it goes into the trust account, its not going into SHJ bank account yet.
So SHJ makes an 'accounting loss' on this case (because value of WIP higher than proceeds from winning the case).
Cash still goes into SHJ bank account!!!

Who believes the full value of WIP anyway!!!. The Market certainly doesn't. Just look at the Return on Equity for this company.

My point is that this is NOT terminal.
Because of that cashflow!!!.

Lets wait for the year end financials.
Write down on WIP doesn't concern me with a book value of $1.60 odd against a share price of 57c.
Cash flow does concern me and especially cash in the bank vs debt.!!!
Also I want to pay close attention to the cash flow statement, not the p&l!!!

But you do highlight relevant risk points.
Hence my small position (currently 0.3% of the portfolio, and hence with the low share price, my positive attitude to dollar averaging downwards)

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agree noomxx it’s not terminal. One year of profit wiped out most likely. They have 25 open class actions a year. About 5 settling plus an equivalent amount of new ones in additional to their regular pi business.

SHJ Price at posting: 57.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 69.5¢		Change -0.005(0.71%)		Mkt cap ! $120.4M

Open	High	Low	Value	Volume
70.0¢	70.0¢	69.0¢	$841	1.215K

Buyers (Bids)

No.	Vol.	Price($)
1	21	69.5¢

Sellers (Offers)

Price($)	Vol.	No.
73.0¢	25000	1

View Market Depth

No.	Vol.	Price($)
1	21	0.695
2	2943	0.690
2	25035	0.685
1	950	0.650
1	42683	0.585

Price($)	Vol.	No.
0.730	25000	1
0.745	52641	1
0.750	33433	4
0.755	83623	2
0.760	1588	1

Last trade - 15.36pm 30/07/2024 (20 minute delay)

SHJ (ASX) Chart

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