I think turn around time for this will be basically 1 or 2 years...

I think turn around time for this will be basically 1 or 2 years for a 30mil net profit.

Let me tell you why I believe this.



Those are all cash numbers of Shine. Key thing is that cash cost was from last year, and revenue from this year. Why? Because law firm such as Shine has cost to revenue period of around 24 months, since the average case takes 18months for PI and 3 to 5 years for other cases. Most firms would only have 6 months, for example if Myers bought some inventory in jeans, it should all be gone by 6 months time. So therefore last year's cost is a more better proxy for the real cost than this year's cost for Shine.

Hence by using that more accurate proxy for cash cost, we can get cash profit numbers of around 40mil plus right now. So even last year and 2013, Shine had net profit of around 30mil if you deduct taxes and other costs.

Also, those numbers match very well with Shine's own EBITDA calculations. For example, in 2015, Shine's own EBITDA calculation had them making 44.4mil, while according to my method it's 43.5mil.