Hi Bert, Thanks & hope you're doing well! My own market involvement limited recently to riding out some extreme volatility with holds in a couple of stocks, HSBA where I've 3 tranches of proper shares, & ANTO, where I've taken 55 pts recently & reduced exposure after holding significant leveraged paper losses for a few weeks. Mining sector extremely volatile. Overall, far happier with my HSBA position (last buy at 520.25 on Thursday) as key fundamentals like P/E & EPS are not bad, whilst long-term chart over 10 years shows each serious blip has seen eventual decent recovery to 625+ or well over 700+ levels within 12 to 18 months. Also a top divi yield there, currently near 6.5%. I'd be lying if I said ANTO hadn't cost me a few sleepless nights recently, esp last week. But probably par for the course in these testing times for many holders of various stocks. All the best with all that matters & MRW's, et al! - Will definitely catch you again soon.
RE: Ocado Gold Brick
Dalton did have a choice, he could've gone down the same route as Tesco, Asda and Sainsburys and pick orders from existing stores, after some deliberation he chose to avoid this solution which bodes well for Morrisons in the future. Ocado has already declared its first profit FY2014 Those losses since start up have occured due to reinvestment back into the business to increase efficiencies, something once again Morrisons will benefit from in the future
Ocado Gold Brick
Laughable to pretend Dolton had any other choice than this 20yr prohibitively expensive tie-up. IMO, TSCO is aiming to increase the profitability of it's Online store based business - hence unloading its food store. Ocado has yet to make a profit after years of operation, I believe, tho this may change this year thanks to Dolton's pricey deal.
Good to see you post. Your thoughts are noted and appreciated. Hope all is well with you and you are riding the present choppy waters with ease. Going out ATM but would like to chew the fat with you soon. TC and enjoy your bank holiday. GL.
A bigger disaster-
Is when you invest in DRAX and then take your frustrations out on the MRW board.
RE: AJ: A disaster
The 'M' stores were in the wrong locations, best to sell them on rather than struggling on with them, it was a no brainer Regards the "gold brick" and to quote Mr Higginson (Ex Tesco), Ocado was "one of the better deals" done by Morrisons under Dalton Phillips! When you understand that the UK grocery market is changing faster than anywhere else on the planet you'll understand why Dalton opted for Ocado to run their online business. Ocado has the most capital-efficient, low-cost food-retail model in the UK which is as well now Amazon are entering the UK grocery market (is it not saturated enough already)? They have already leased their first warehouse (ex Tesco) and are currently fitting it out for their first Amazonfresh deliveries. Once the Weybridge site is up and running they'll no doubt expand elsewhere. The SKU range and online service will fall short of Ocado's and be very limited to start with. The launch of Amazonfresh will also increase the amount of shoppers who want to buy their groceries online and get their shopping delivered to their door.The store based model is in retreat faster than the Italian army and unless you're a discounter or you excel in online deliveries you're going to be left behind. Jeff Bezos (Amazon) understands the threat of Ocado which is why he's launching here in the UK in haste, this was not planned! Just as well Morrisons picked Gold Brick Ocado I'd say.
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