SHJ 4.73% 77.5¢ shine justice ltd

For kicks on the weekend I did another deep dive into Shine WIP...

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    For kicks on the weekend I did another deep dive into Shine WIP cash-flow conversion and mulled over provisioning and Danny Boy's theory. Results are in the attached word doc.
    https://drive.google.com/file/d/0B6wuJdOB8fc3NGdvYXhSLURqWHM/view?usp=sharing

    TL;DR: I think we can safely say assets are being understated over the last few years but I don't know there is proof that the same can be said of revenue.

    Feel free to have a read through and let me know if I'm on the wrong track with any of this.
 
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