SHJ 0.00% 69.5¢ shine justice ltd

Ann: 2020 Annual Report, page-21

  1. 642 Posts.
    lightbulb Created with Sketch. 52
    Just wanted to slightly walk back something that I said here. Regarding my statement:
    "Well if you remember back in early 2016 when the SHJ share price crashed due to a large impairment to WIP and in the HY15 accounts the company had posted an EPS of 0.77 cents - down from 7.73 in HY14! In real terms however the company's profitability hadn't changed, it's just that the pre-HY15 numbers were overstating income."

    This is actually wrong..... when the EPS and share price dropped SHJ's underlying profitability actually had changed. It had improved.

    https://hotcopper.com.au/data/attachments/2453/2453334-1c7af6b2e4b6c7465f7c2a1300758de3.jpg
    Last edited by tim8wilson: 08/09/20
 
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