From the Prospectus:
- What is our dividend policy? Judo is a high-growth business, and the current dividend policy as at the date of this Prospectus is to reinvest all cash flows and any excess capital generated by the Offer into the business to support and maximise future growth. Accordingly, we do not expect to pay any dividends to Shareholders in the near term following our listing on the ASX.
From an interview in the Australian with Joseph Healy, 29 October:
- Healy says he has been very clear with investors about Judo being a growth company. Judo will recycle capital back into the business. “If you are looking for a dividend from Judo over the next five years then Judo is not the stock for you.”
You may need to reconsider your timelines on the divvy front.
Cheers,
m
IPO - Judo Capital Holdings Limited - 1 November 2021 12:30 PM AEDT ##, page-19
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