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70.0¢ shine justice ltd

I still see a balance sheet rich in assets and relatively low...

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powertool

689 Posts.

33

11/08/23

15:03

Post #: 69292755
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Originally posted by PortfolioPlus: ↑

at the very least the ‘Significant Events’ section should give full disclosure of the matter. It’s many, many years since I had the ‘thrill’ (not) of auditing, but at the least I’d be wanting to put a comment in the report to this effect ‘Readers are referred to commentary noted in the significant events prior to financial year end which are likely to have a negative impact in FY24, the degree of which is uncertain at this time’

i just don’t think they can give a clean bill of health knowing the status - uncertain as it is - but it is all to the downside.

The storm clouds are gathering and I am sure West Media are reviewing the current status quo - even getting it vetted legally - their poison pen article won’t help the cause.

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I still see a balance sheet rich in assets and relatively low net debt. The current ratio is >2:1. Even if the impairment thesis comes to pass they will continue on.

SHJ Price at posting: 63.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 70.0¢		Change 0.000(0.00%)		Mkt cap ! $121.2M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	13	70.0¢

Sellers (Offers)

Price($)	Vol.	No.
70.5¢	42553	1

View Market Depth

No.	Vol.	Price($)
1	13	0.700
2	96413	0.690
1	40595	0.685
2	4038	0.650
1	12000	0.610

Price($)	Vol.	No.
0.705	42553	1
0.710	26696	1
0.720	6300	1
0.745	13662	1
0.750	17876	2

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