It looks like Shine is now registered as a law firm in the US. It does not normally work out well for Australia companies thinking they can play in the big leagues. I would much prefer if Shine first tried to consolidate here, became a top PI firm, helped the SHJ price to grow and pay a consistent (franked) divvy.
https://ecorp.azcc.gov/CommonHelper/GetFilingDocuments?barcode=23031316230689
It looks like the American Manager is Dan Mori - the human rights lawyer Shine employed a decade ago. It would be nice to know what Shine’s plan is and how much they anticipate it will cost. Do they want to be a PI firm in the US? Do they think they can run class actions there? Are they planning to buy any US firms and aggregate like they have done here?
I am not sold on the idea, but will reserve my judgment until I know what their plan is and what is the cost.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 29170 | 0.805 |
4 | 24548 | 0.800 |
1 | 700 | 0.750 |
1 | 948 | 0.740 |
1 | 1405 | 0.710 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 453 | 1 |
0.840 | 13232 | 4 |
0.850 | 28249 | 4 |
0.855 | 940 | 1 |
0.865 | 1155 | 1 |
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