agree that conversion to cash of WIP will still happen but with no excessive margin that fould form additional profit over the revenue cuuently booked as WIP. So that means there will be no ambit claim that would boost profit as an abnormal beyond what has been previously calculated. So the guidance for FY23 remains as before, just that the court rulings will further delay shareholder rewards but they will still come, dont you worry. The current news stream is typical and doesnt reflect the day to day boring ordinary work being done in the workplace and traffic accident space. It appears to me that that in the case of J&J the future WIP in administering the class action claims has not been booked as profit as the work is yet to be done , so there will be no write down if it was administered by another law firm. Nothing has been spent by Shine to this point in administering the claims, only in winning the case and in settlement. No FY23 will be much the same as last year, but a bit better.
SHJ Price at posting:
96.5¢ Sentiment: Buy Disclosure: Held
