I have exited for now, more from a risk management perspective than anything else. I don't see this fincnancially crippling Shine, but can easily see the market having a negative reaction to the outcome. For me, best case scenario is:
(a) Court assesses all fees in both the Ethicon and Boston Scientific matters as reasonable
(b) per @dlight I think possibly a substiute amount of interest is claculated, leaving SHJ to eat the excess. Maybe interest rate per Federal Court Pre-Judgement interest schedule https://www.fedcourt.gov.au/forms-and-fees/interest-rates
(c) Shine ends up winning Administration tenders but at a substantially reduced fee level from what they originally proposed
Negative outcomes on (a) and/or (b) could see a fairly substantial miss against forecast (and maybe a loss for the year), (c) could see them issue basically a low growth forecast for FY 2024.
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SHJ
shine justice ltd
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I have exited for now, more from a risk management perspective...
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Last
63.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $107.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11110 | 63.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.0¢ | 8270 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3174 | 0.630 |
1 | 1614 | 0.620 |
2 | 3026 | 0.615 |
1 | 3278 | 0.610 |
1 | 1654 | 0.605 |
Price($) | Vol. | No. |
---|---|---|
0.650 | 8270 | 1 |
0.670 | 580 | 1 |
0.710 | 394 | 1 |
0.740 | 7710 | 1 |
0.750 | 7527 | 2 |
Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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