I hope were not going to be stuck in a trading range here short term £3.68 to £4, can't see much happening until September now
50Dma at £3.65 now, trading above for now
It was interesting to see Tesco still in trouble again this morning with the CEO on his way. Changing the guys at the top will not stop the sea change in the UK grocery market right now. The big 4 will eventually find themselves the proud owners of some very large empty superstores as shoppers migrate online and to the discounters.
I think no4 should be fairly quick. Andover is Ocado's only, so Morrisons will request something as they will have to look approx 1,5-2 years ahead to build it. Dordon might be full sooner than that with 2 retailers on board. however, I think if no3 will be as expected, further ones will be probably similar size and based on no3 layout/technology.
I think the Andover CFC has took precedence over the Salford site for now as it will help monetise the IP abroad, I still believe they have a site earmarked for development at Salford but lack the funds right now to see it through, from memory there won't be any further capacity issues until at least 2016 and that was without the Andover CFC chipping in. Could be a number of years now before we see the original business plan come to fruition.
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