Real; SIAF already HAS income investors, and the growth investors are all in already and unable to buy the supply of shares. This might actually be the problem with SIAF; it got listed too early, letting income investors come in too early, and when they then fail to deliver on their promises and don’t even provide guidance…
SIAF is somewhat close to being mature though. Of course, TRW has the huge growth-story, but IF (…) they get the loan and/or pre-IPO then TRW might be able to do dividends as well as grow, but – more important – SIAF will get the cash flow (from consultancy) to do cash dividends itself if they want to. CA can also become a growth-story, but it’s not very capital intensive so the profits from CA can be channelled into cash divi/buybacks or invested. SJAP on the other hand is not as mature as was expected before the collapse in prices.