SHJ 1.43% 69.0¢ shine justice ltd

Just to give you some idea of my views on 2016; SHJ reported a...

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    Just to give you some idea of my views on 2016;

    SHJ reported a net cash profit of $16.899.666. To be fair the company gained a subsidy from the tax office so let's deduct $516,066 from that and maybe $2m extra to be fair and account for a "normal year" give or take a little. We're left with $14,383,600. X12 = $172,603,200 and X14 = $201,370,400. Total shares at the report = 173,000,038.

    We're looking at a simplified cashflow valuation of between $1.00 & $1.164.
 
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