Slater's can't take any of the $70m - that is a contingency fee, which is illegal in Australia. Litigation funders however can take a commission, but this case was run as no win, no fee. That is, Slaters has spent most of the $20m cost itself on paying wages, barristers and experts and that is all sitting on the balance sheet as WIP. They can now collect the $20m, once the court approves the settlement, less anything they owe to barristers, experts etc.
It will provide some boost to earnings, as I assume they don't record the full value of WIP to account for doubt about achieving a settlement, but primarily the bank balance is going to go up by ~$18 or $19m (allowing for barristers etc). This is a very positive outcome for SGH.
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- Ann: Manus Island Class Action
SGH
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$50.74

Ann: Manus Island Class Action, page-11
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Last
$50.74 |
Change
0.160(0.32%) |
Mkt cap ! $20.64B |
Open | High | Low | Value | Volume |
$51.29 | $51.40 | $50.61 | $7.459M | 146.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 230 | $50.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$50.75 | 220 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 160 | 50.750 |
5 | 378 | 50.740 |
10 | 269 | 50.730 |
13 | 332 | 50.720 |
10 | 345 | 50.710 |
Price($) | Vol. | No. |
---|---|---|
50.760 | 341 | 16 |
50.770 | 103 | 5 |
50.780 | 198 | 10 |
50.790 | 217 | 8 |
50.800 | 228 | 9 |
Last trade - 15.10pm 10/07/2025 (20 minute delay) ? |
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SGH (ASX) Chart |