Shine lawyers appear to have had a poor half year result with 10M NPAT and negative cashflow but they have 65 million in legal fees against work done in two class actions waiting to be paid this half year, plus other cash due from litigation funders for work done.. So they would be getting $70m additional GOFC which will be the highest ever. Plus their $23m in the bank. They are expecting to exceed their previous year dividend of 6cps and make up for the 1.5cents declared at the half year with a bigger FY dividend. I would sell your SGH shares at the current price and buy SHJ as they will be back to $1.00 or more come August 28 2032...Dividend yield will be 8% at current price.
SGH Price at posting:
60.0¢ Sentiment: Sell Disclosure: Not Held
