Best Regards @ValueSeeker8
Actioned by Peel Hunt LLP
The £12,990,171.10 represents $16,948,276.23
The present Share Buy Back started on the 10th December 2019 and there has been 47 Transactions.
$25,000,000 - $16,948,276.23 = $8,051,723.77
$16,948,276.23 ÷ 47 = $360,601.62 average buyback per day
6,536,424 ÷ 47 = 139,073 average size per day
$8,051,723.77 ÷ $360,601.62 = 23.33 days to go at the present average rate (approximately)
If the present average buyback stays around £185,000 = $241,369.5 per day
Then $8,051,723.77 ÷ $241369.5 = 33.38 days
The Full Year Results are due before the end of March, and the AGM is due in June.
At present rates it’ll take between 25 and 34 days to complete the Buyback, and that takes us up to March 16th to the 5th April, which means the 2019 Full Year Result may have been Issued
and the wait for the day in June for the AGM to be announced will have begun.
I feel the buyback will complete by the 20th of March or earlier! My reasoning is simple: 10 weeks were needed to spend circa $17 m. Therefore, a maximum of 5 weeks will be needed to spend the remaining $8 m. 2 weeks in February and 3 weeks in March.
Added as an edit:
16,948,276.23 / 47 = 360,601.62