SHJ 0.57% 86.5¢ shine justice ltd

This is interesting: ('000)| SHJ| SGH WIP Current| 135,809|...

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  1. 534 Posts.
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    This is interesting:
    Column 1 Column 2 Column 3
    0 ('000) SHJ SGH
    1 WIP Current 135,809 116186
    2 WIP Non Current 111,801 120954
    3 Total WIP assets 247610 237140
    4 Shares 173,162 69,527
    5 Per share WIP assets $1.43 $3.41

    As Ashley mentioned in theory Slater is also using a more conservative method of accounting for WIP. Though we might ask if Slater can realize these assets (win all these cases) with a workforce about to be downsized? Or will it need to write off some of this?

    An optimist might overlook Slater's terrible stats if only looking at book.
 
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