I am not worried at the recent announcements. Obviously the relative newness of law firms as public companies and the type and style of business (and billing methods) is different to other companies. I say this as Shine has to re-evaluate how they do their books as well. It is just a teething problem which needs attention so that these companies can be held to a reporting and accounting standard. I almost expected the recent announcement as I was wondering how they could possibly go over so many files and facts within such a short time and come to a concrete evaluation. Especially with so many different parties all trying to do the same thing together.
I am dirty at the company for the way they handle their PR... its definitely a fail and unfortunately comes down to promising the world and delivering an atlas. The PR team needs an overhaul as they never deliver on what they are going to say.
SGH Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held