As a long term holder, I for one support the decision to hold off on dividend. If you are looking for a fantastic one off dividend for fast money, there are better buys right now. This is absolutely a long term play and will benefit from the market challenges now as its competitors struggle to resize on a backpeddling national workforce.
I do not know, but hope we have seen attempts internally to slow the bleed, if at all possible.
Also remember we are doing business in Singapore too, Singapore is faring far better than Australia. I have a family member that is a nurse, she is afraid to go to work each day with a full and clear understanding of the realities of how the Australian public are failing in many corners of society to face this virus.
There will always be a need for childcare, the name of the game is being able to respond faster than the competition and show families through results that you provide the best childcare for their little treasures.
That reaction time will assist in growing market share, and that service will keep it.
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