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Emerging Stocks Down Under 13 September 2022: Judo Capital (ASX:JDO)
Judo Capital: Serving a neglected market
The aftermath of the events leading to the Banking & Financial Services Royal Commission, as well as the Commission itself, led to a number of so-called ‘neobanks’ rising out of nowhere and gaining the attention of the media and private equity investors. While many, such as Xinja, failed, Judo survived and last year became the first IPO of a licensed bank in over two decades since Macquarie debuted in 1996. Unlike Macquarie, though, Judo’s share price has disappointed as investors fear higher inflation and interest rates will cripple
Judo’s customers and, therefore, Judo itself. Are these fears legitimate?
Click here to read the previous edition of Emerging Stocks Down Under published 6 September 2022.