If you’re hinting that SHJ is deliberately inflating WIP and kicking bad WIP down the road (ie. prolonging cases that won’t be won and thus avoiding write-offs), why do you still say it’s a buy?
There have been a lot of murmurings in the last 6 months that dodgy things are going on or that things will soon be exposed (remember the “loss of funds” guy?).
If these things do come to light then it would seem like a class action is basically a LDM, since if they’re up to “old tricks” then they certainly know they’re acting wrongly.
I think this can potentially go to as to why the liquidation prospect is tenuous, since the $1.60 book value may also be questionable (given this would include WIP).
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70.0¢ |
Change
-0.005(0.71%) |
Mkt cap ! $121.2M |
Open | High | Low | Value | Volume |
70.5¢ | 70.5¢ | 70.0¢ | $12.41K | 17.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35154 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 33433 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35154 | 0.700 |
1 | 40549 | 0.695 |
1 | 30000 | 0.690 |
1 | 1538 | 0.650 |
1 | 865 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.750 | 33433 | 4 |
0.755 | 83623 | 2 |
0.790 | 1800 | 1 |
0.800 | 45542 | 4 |
0.810 | 880 | 1 |
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