Member Info for AlwaysInvest

They say $14m no? Which is about £11m at 5p a share is 220m no? Sorry I may need some coffee

Am I right this will essentially add another 220m shares? or has my maths/RNS reading failed me this morning?

Great to see the pps still not far from the 300p level during these buybacks, long term these depressed levels are great for a buyback.

Anyone know what distates the volume with which they buyback each day? Some days of lower share price they seemingly bought back much less then others, I know there are maximum rules like x% of daily volume but those low days were well below the volume limits I expect.

In general this is good news, they are doubling down on the strongest and hopefully most profitable brands, and getting rid of some of the excess or less well performing ones. The key is these disposals will impact revenue, but if we get some cash for them and can deploy the cash in better places then great. Now it will be interesting to see when the cash hits the balance sheet where it might go, capex? other m&a? buyback? debt pay down?

Anyone watching as ROVR taken out by Blackstone, and now Musti by a group. They were also taken out at high valuations compared to Pets. Hope we dont get taken out for something measly like 400-450p...

Comment below about cash reducing significantly, this is true but keep in mind about £75m was paid to reduced the (fairly small) debt pile significantly. Seeing as it’s SONIA+1.5% I believe, this is smart. I would say they should still push on withbuyback as it’s ‘only’ £25m but their guidance suggested still will remain highly cash generative now hiccups largely over.