Well you would need to ask one of those party to the agreement.... in this case Shine investor services might be a good place to start. Anyways Mark makes some good points. I suppose Shine itself could act in the role of a litigation funder, (i.e. taking a slice of the winnings in exchange for shouldering the risk) which was a possibility i had left out of my prior post.
As a matter of course, the company takes on the risk of winning personal injury cases (for example) for nothing other than billable hours and does not take a slice of the pie in those instances. In those cases however the stakes are much lower than with the class action. As Mark points out the rationality of this depends on the perceived risk/reward. I suppose there are a lot of variables and we can only assume Shine knows what it's doing.
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Last
88.0¢ |
Change
-0.010(1.12%) |
Mkt cap ! $144.2M |
Open | High | Low | Value | Volume |
89.0¢ | 89.0¢ | 87.0¢ | $56.06K | 63.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12285 | 88.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.0¢ | 183251 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28 | 0.840 |
3 | 5177 | 0.825 |
1 | 1 | 0.820 |
1 | 7723 | 0.800 |
1 | 936 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 56508 | 9 |
0.865 | 1155 | 1 |
0.890 | 14633 | 1 |
0.900 | 10402 | 3 |
0.940 | 30000 | 1 |
Last trade - 13.43pm 29/11/2024 (20 minute delay) ? |
SHJ (ASX) Chart |