Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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More on vertical farming here -
https://www.youtube.com/watch?v=z9jXW9r1xr8
Great post Hajones, welcome to the board, hope you can post more in future.
Reading over all the information it clearly looks as though the new product launch will be solely about new technology in the online grocery field.
Ocado's RNS said the below:
"Ocado Group will unveil the next leap of game-changing technology and innovation during a virtual product launch event to be held on January 26th, 2022."
The product launch registration page though is more specific:
"Join us as we unveil game-changing technology and innovation for online grocery."
https://events.bizzabo.com/ocado2022
So, what will the big new tech product launch be?
It most probably will be tech that complements, differentiates and further elevates Ocados existing OSP platform. Making Ocados offering more attractive to grocery chains around the world and offering a better service to existing customers. It would be a distinct advantage if the new tech product could help Ocado raise revenue more quickly.
Ocado have run their financing over the years with great market acumen. Raising £1bill in June 2020 amidst the pandemic fuelled online grocery boom. Recently in October 2021 refinancing their outstanding notes and raising an extra £100m. This move can be seen as Ocado preempting the higher interest rate conditions that lay ahead of them.
Tim Steiner was a bond trader at Goldman Sachs for 8 years. He has, I believe, a great understanding of financial markets, knowing what they want and when. Jan 26th is a risky date to announce new tech will such bold language as Ocado has teased in the RNS. Market conditions are extremely tough, Ocado management however clearly understand this. If there is little substance to the announcement Ocado shares will fall further. If there truly is game changing tech then the share price should find good support.
Do we trust Ocado that they have the ability to produce game changing technology? They have done it before with their automated CFCs. They have rebuilt from fires, they have been true to their word in the Autostore court cases.
I'm looking forward to hearing all about the latest evolution of Ocado...
The investment in Vertical Farming has enormous potential for Ocado.
Being involved early on in such a massive innovation for commercial horticulture could turn out to be just as lucrative as groceries if Ocado can fully engage and patent their robotics for harvesting.
Wiscos: "I'm hoping it's a parallel market for existing technology.
That would hardly be a "reimagining,' though, Wiscos - in fact it would be precisely the sort of underwhelm that would send the SP into freefall.
Hajones: "I have no idea what it may be but for example driverless grocery deliveries?"
I think they'd have to have some as yet unheard of dispensations from government, both local and national, to be able to run driverless vehicles at this stage. I'm not sure our basic infrastructure is ready for it yet.
I'm hoping it's a parallel market for existing technology. In other words, increased turnover / profit with minimal investment. I hope the BoD realises that Ocado needs to start making a profit...
I really hope it's not just a concept reveal - that will either do nothing for the SP or send it down.
What we want is a big reveal that either dramatically improves current operations or something that we know will be a game changer.
I have no idea what it may be but for example driverless grocery deliveries? This will potentially open up unlimited amount of delivery slots essentially removing delivery bottle necks (I know driverless cars won't be feasible for the next few years at the very least but I'm using it just as an example).
We will want this reveal to be a revenue booster e.g. when they reveal the new idea, they also back this up with either a large signed contract or something to show that it's already revenue churning.
What we don't want is a "great" idea but it will cost Ocado billions to create and we won't see profits for the next XYZ years. Again this will either do nothing for the SP or send it further down.
I'm excited about this reveal but let's see if "management" knows how to play the market game.
Then again, any new product or market that gives a clear advantage over the competition would still suggest an increase in the SP s investors try to maximise returns where they can. This is a possibility after the 26th January announcement, but if Ocado Re:imagined turns out to be little more than a new logo and a change of brand colour,* the hype would have the opposite effect and undermine trust even further.
*Intended metaphorically for an underwhelming unveiling.
Normally it certainly would be positive for the SP - current market sentiment blocks anything positive at the moment and jumps on any new negatives.
Not sure I agree that it's only numbers that affect SP. Director buys, changes or management, takeover / merger need etc all have a big effect. New products / markets and potential of actual increased sales would only be positive to the company's value, and thus its SP.
I don't see the launch event on the 26th Jan making any difference to the SP - especially if you accept the fact that the current woes are market related.
I see this event simply for what it is - informing existing shareholders.
After all, its only info on the finances that moves SP's - all the rest is regarded by the City as hot air.
However, I rather think that PI's are better at interpreting the hot air into potential than the City - that gives us our edge.
Because they haven't announced it yet, perhaps?
I’m not sure what can happen on 26Jan
Ocado will represent any new tech ?
Normally share prices rises on the news why nothing happen on this one? Don’t know