Wilson Asset Management
Capitol’s healthy announcement.
On Thursday, Capitol Health (ASX: CAJ) announced its preliminary results for FY2017 reporting core radiology earnings before interest, tax, depreciation and amortisation (EBITDA) of $22.2 million, ahead of its previous guidance of $19.5-$21.5 million. The company also announced the potential for a share buyback of $52.3 million shares, upon receipt of the recently sold NSW assets. Shares in Capitol Health closed up 5% for the week. We own Capitol Health as a research-driven investment in WAM Capital, WAM Research and WAM Microcap.
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