growth?, page-21

pay close attention to recent 2013 AGM management commentary re future ebitda results; they are expecting continual long term erosion due to ever increasing doctor partner profit sharing payments. you need to have a good view of the extent of doctors recontracted to have an accurate picture of financial impact. also have a look at the share trades in 2008/2009 when the institutions like Fisher Funds dumped the stock back then. It was definitely on market! Cheers