results

Well I think VGH's results were really in line with expectations.

refractive continues to disappoint, but the non-discretionary side is really the heart of the operation, and that seems to be tracking well.

I must admit I was surprised to here that organic growth in opthalmology may be limited going forward, hence they are exploring other specialities such as plastics. I'm not sure I can see too many similarities between plastics and opthalmology, so VGH will remain in the "tradeable" mental file for the next little while.