I think with FY 18 Operational Highlights below, the price per share in the TO bid should've been higher and I think there will be a counter bid from other players sitting on the fence.
• New executive leadership team in place, with the skills and capability to leverage thestrength of our integrated platform
• Strong sales momentum which has continued into FY19 – 7.5% top line growth and4.9% like-for-like (LFL) sales growth
• Integrated sites delivering superior results
• 8.5% LFL sales growth
• 17 in-store vet clinics added: +15 Australia, +2 New Zealand
• 22% of retail stores now have an in-store clinic
• Strong and growing group loyalty program accounting for over 90% of retail sales
• Private label sales increased to over $115 M and private label food sales in Australiahave increased by 25%
• Lowered vet turnover and vacancy rates
• Online sales up 70% to over $20 M, driven by click & collect
Enjoy the ride
