SHJ 0.57% 86.5¢ shine justice ltd

Can't really see why an investor (not a trader) would think of...

  1. 178 Posts.
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    Can't really see why an investor (not a trader) would think of selling now with a lot of good news potentially around the corner. FY results are 3 months off, big class actions should be settled, plenty of work from the banking royal commission and so on. The dividend should increase soon as well. Way too early for me to sell.

    The bear case is ALL about WIP not being converted to cash efficiently enough, but with every settlement and bi-annual financial results that are released we get more data on this issue which reduces that specific risk. By the time risk is lower, ie when these reports and cash settlements occur, the price will obviously be to high to enter. Worth holding for another 20-30c imho.
 
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