A New Dawn, page-498

As a former SGH holder who transferred over to SHJ I thought I'd remind my long suffering friends here that shine now has more revenue than slaters and is currently a much better value option at last close price of 90c. Feel free to make your own analysis, but if your still looking at listed law firms then a simple cash flow valuation of shine gives a minimum value of around 1.25 and there are some significant class action settlements on the horizon. The last presentation of shine showed that they now have the same market share of SGH.

From one of several broker reports available:

FY18 results were in line with guidance. Morgans notes there was no update on the timing of class action cases and the company expects continued modest improvement in FY19 operating earnings.
Shine did call out the Pelvic Mesh class action as a key driver of FY18 revenue. Add rating maintained. Target rises to $1.27 from $1.09.
Sector: Consumer Services.
Target price is $1.27.Current Price is $0.94. Difference: $0.33 - (brackets indicate current price is over target). If SHJ meets the Morgans target it will return approximately 26% (excluding dividends, fees and charges - negative figures indicate an expected loss).