SHJ 0.00% 88.5¢ shine justice ltd

I don't see that an accounting standard change effects the value...

  1. 2,211 Posts.
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    I don't see that an accounting standard change effects the value of a business as represented by its cash flows over many years at all. Perhaps the market would respond badly but neither that or the impairment are certain.
    I strongly disagree with the idea that you should value any company on a worst case scenario like this. When the shareprice is low all these ideas come out to justify it but You need to check plausibility.
    I prefer to work to a base case of the likely outcomes and apply a margin of safety against the unanticipated developments.
    Thanks for the link Tim, here's another (I hold both Tower insurance and SHJ -$1 each way).
    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11915606
    Last edited by croasian: 15/11/17
 
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