As a shareholder in SHJ I admit being seduced by the attractive numbers but wary of the markets assessment of its operations and future. The big issue is, and as you have alluded, the lumpiness in profits beng turned into cash. The divergence between NPAT and Cash Ops adjusted for non cash items is appalling. In short, investors like myself are shouting SHOW ME THE MONEY - more accurately, GIVE ME SOME OF THE MONEY!
But, it could be just around the corner with the Ethicon case due to settle - probably 2H2023.
In the meantime, I am wary of the massive growth in WIP and disbursements on behalf of clients and truly trust in the auditors diligent testing on recoverability. Good article, well done.
As a shareholder in SHJ I admit being seduced by the attractive numbers but wary of the markets assessment of its operations and future. The big issue is, and as you have alluded, the lumpiness in profits beng turned into cash. The divergence between NPAT and Cash Ops adjusted for non cash items is appalling. In short, investors like myself are shouting SHOW ME THE MONEY - more accurately, GIVE ME SOME OF THE MONEY!
But, it could be just around the corner with the Ethicon case due to settle - probably 2H2023.
In the meantime, I am wary of the massive growth in WIP and disbursements on behalf of clients and truly trust in the auditors diligent testing on recoverability. Good article, well done.