It is the remainder of Shines legal costs from the Ethicon class action to be awarded probably needing a further costs determination and direction from the Federal Court to be enabled and J&J will have to pay it forthwith. About 13 cents per share. Expected in the FY 22 result.
Shines Cash balance will go from $43M to $66M. Debt is $48M so that is a nice position to start rewarding shareholders. Cash has been a bit hard to generate during Covid due to the backlog of cases therefore WIP is high and hopefully this will unravel so that the company has enough liquidity to start rewarding shareholders better than they have done in the past. A step jump in divident payout ration is justified for good. A 6 cents per share FY divident would be prudent.
It is the remainder of Shines legal costs from the Ethicon class...
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Last
70.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $121.2M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.0¢ | 70.0¢ | $3.796K | 5.423K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 550 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 3000 | 1 |
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| Last trade - 15.29pm 12/07/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |