1) Today is NSW CTP reform day, this will make it more difficult for shine and all lawyers to make money from this market, it could slow a (very manageable ) part of Shines business.
2) I think the sales pressure has come from FIL who are probably as pi$$ed off ( as I am) with SHJ holding back its profit and reducing their shareholding as a result. IMO Shareholders have been duded out of at least 5c over the last few periods, for SHJ with 18M shares it means they've been underpaid almost a $1M.
Everyone should be blasting shine for this, they wont change without reason or until they think the market has caught onto what they're doing.
Ann: FY17 Half Year Results Announcement Date, page-81
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Last
77.5¢ |
Change
0.035(4.73%) |
Mkt cap ! $134.2M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 78.0¢ | 74.0¢ | $38.76K | 51.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34222 | 76.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 6824 | 2 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |