SHJ 0.00% 70.5¢ shine justice ltd

Ann: Change of FY23 Financial Results Announcement Date, page-6

  1. 4,269 Posts.
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    Here's what spooked the market back in January 2016 where the share price plummeted from $1.97 to just 52c - I suspect ditto is happening right now.

    "As announced to the market on 29 January 2016, the Company conducted a detailed review of its work in progress recovery rates andprovisioning methodology. The review identified that additional provisions of $16,558,829 were required against work in progress andrelated disbursements to reduce their carrying value to their expected recoverable amount."
 
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