"- revising downwards WIP priovisions"
What is your reasoning/argument for this?
There is no way I want anything to go wrong with the WIP in the Balance Sheet.
The management have put together a few good years of clear and consitent reporting - No surprises, clear accounts, clear direction and overall showing that management has full control of how the company is performing.
I want the management to continue to grow the company at a manageable rate, manage workflow and just focus on the right things. They are not shooting the lights out with massive growth in revenue and ebita, but they are continuing to just deliver. You can review the FY22 Results Presentation to see this clearly.
Any "misstep" in SHJ reporting will be punished by the market. The longer they continue their consistent performance, the better it is for shareholders. Long term there will be reward and trying to "revise downwards WIP provisions" to try to make the accounts look better short term will end in tears.
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