What is going on?, page-5

I heard the CEO presenting today. Still sounds like a good story. They've invested quite a bit in their systems, sufficient to handle business producing twice the revenues. Unfortunately implementation looks like tying up some senior vets through until 2019, impacting revenues. There are still opportunities to expand. Companion animals in regional areas an unexpected success. The share register is fairly stable. A downside is that liquidity is drying up, making the price more volatile. Growth continues to be the priority so don't look for a lot from dividends. I will look to buy more at some stage but the way the price has been going it doesn't seem there is any urgency.