Ann: IDX: Letter to Shareholders regarding Capitol takeover offer, page-26

Yes I agree with you Wasko. Current management of CAJ remind me of a cashed up 5yo kid in a lolly shop.

A few weeks ago CAJ was riding high with loads of cash, promise of a healthy rise in profit, and reintroduction of a dividend. We also had a buyback in place.

Now we are taking over a company at least as big as us and paying 11x earnings, and IDX management are calling it a "hostile takeover".

Now CAJ is buying 5 clinics in Tasmania, for 8x earnings and $30 million? This sounds like a much better fit to me.

I can only hope CAJ management cancel takeover of IDX and they concentrate on A SUCCESSFUL INTEGRATION of Tasmanian clinics.

I'm not particularly impressed with CAJ management right now. We seem to be reverting back to the bad old days of last year and JC. I'm gonna email the CEO AH now and voice my disapproval of IDX takeover!

All the best to all of you for 2018.
WB