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Shine Justice Ltd. ( (AU:SHJ) ) has provided an update.
Shine Justice Ltd has announced an in-principle settlement of $140 million in a class action lawsuit against Colonial First State Investments Limited and associated parties. This settlement, which requires Federal Court approval, is expected to positively impact the company’s Gross Operating Cash Flow for the financial year ending June 2026, although it will not materially affect the financial results for FY2026 due to revenue recognition over the life of the case.
The most recent analyst rating on (AU:SHJ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Shine Justice Ltd. stock, see the AU:SHJ Stock Forecast page.
More about Shine Justice Ltd.
Shine Justice Ltd operates in the legal services industry, primarily focusing on class actions and litigation services. The company is known for representing clients in significant legal disputes and has a market focus on providing justice and compensation for individuals and groups.
Average Trading Volume: 60,615
Technical Sentiment Signal: Buy
Current Market Cap: A$124.5M
See more data about SHJ stock on TipRanks’ Stock Analysis page.