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8.75%

87.0¢ shine justice ltd

Yes it is about cash flow and conversion. I think the...

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1,182 Posts.

92

22/05/23

21:44

Post #: 67905191
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Originally posted by GH1971: ↑

No, it's very simple. There are two factors:

1. WIP is not assessable income. A significant portion of the profit over the 10 years in that article is accounted for by WIP increase. Work done is not assessable until invoiced to the client.

2. Disbursements on behalf of clients are tax deductible. There is a significant increase in the balance of disbursements over the 10 years which have been claimed for tax purposes, but are not recorded as an expense.

SHJ does have some uncertainty at present that needs to be resolved, but it's not about the issues raised in that article, it's about the Class Action judgements and recovery of fees and disbursement funding interest from the settlements, and whether they lose the future work they had been budgeting on in terms of settlement administration.

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Yes it is about cash flow and conversion. I think the uncertainty of disbursement interest is an additional issue and material, but I think the possible loss of administration is not a material issue in terms of accounting, more a lost future business oportunity.

SHJ Price at posting: 68.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 87.0¢		Change 0.070(8.75%)		Mkt cap ! $150.6M

Open	High	Low	Value	Volume
83.0¢	88.0¢	83.0¢	$126.7K	149.2K

Buyers (Bids)

No.	Vol.	Price($)
2	2029	86.0¢

Sellers (Offers)

Price($)	Vol.	No.
87.0¢	20	1

View Market Depth

No.	Vol.	Price($)
2	2029	0.860
1	2849	0.800
1	948	0.740
1	715	0.700
1	5000	0.600

Price($)	Vol.	No.
0.870	20	1
0.880	34916	3
0.885	11130	2
1.000	10288	1
0.000	0	0

Last trade - 16.10pm 04/11/2024 (20 minute delay)

SHJ (ASX) Chart