2017 The new Capital, page-518

Had similar thoughts over the weekend and decided to sell down a majority of my holdings on Monday. With the buy back period starting I figured management wouldn't be releasing any significant news for a while. They also raised the possibility of seeking share holder approval to increase the buy back at the AGM which had me thinking that positive (market moving) news is a little way off.

I still haven't had a reply to my emails yet which is annoying (and I must admit that did factor into my decision). I did add two extra questions.

> firstly to clarify that the 3 new clinic openings were separate to any acquisitions; and
> are the new clinics included in the FY 2018 guidance (they stated acquisitions are not)

I'm still very bullish on CAJ. Management have identified Victoria as a bedrock for earnings with the very real potential of blue sky from Citic and especially Enlitic. What's not to like.