market hates it because (imo) they can see that the industry is...

market hates it because (imo) they can see that the industry is changing and that mvf may not be able to sidestep the changes. The 5 leaving to go into business for themselves is evidence of the changes occurring. A bit weird for an industry to see a change from larger operators to smaller as it usually works the other way but perhaps it suggests the big companies were overservicing, so to speak.

Ok I don't have deep knowledge of what I'm talking about here so be interested to see what others think. MVF seem to have a plan for how to keep growing the business, which is good, but also shows they think the 'good old days' in Australia might be not so good as they once were. Perhaps consumers of these services are getting a bit more savvy about their needs, the science etc.