Paul Wilson interview with AusBiz - “What’s driving Bailador’s $22 million H1 net profit”
Paul Wilson from Bailador Technology Investments talks about how the firm's expansion capital within the venture capital sector, has resulted in the paying out of an interim dividend of three and a half cents, fully franked. The reported a half-year net profit of $22 million, a significant improvement from the previous period's $5 million loss
Wilson explains that the dividend is part of their returns to shareholders strategy, providing investors with access to fast-growing technology companies without sacrificing a dividend. The dividend policy aims to continue indefinitely, supported by franking credits and a strong cash balance.
Site Minder is highlighted as the largest holding in their portfolio, showcasing substantial growth from a $5 million investment to a listed company with a market cap exceeding $1.5 billion. The overall portfolio includes companies in various sectors like travel, health tech, and e-commerce, with a focus on recurring revenue streams and high margins.
Wilson discusses the positive performance of other portfolio companies, including Raised, Instant Scripts, Access Telehealth, Marsh, and Northstowe. The portfolio's growth rate is noted at 41% year on year, with 96% of revenue being recurring in nature and a 66% gross margin. Wilson sees further upside in the portfolio and expresses continued interest in health tech, a large and rapidly growing sector with global market potential.