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"Well OWLS stubbornness is why I’m not selling at 2k down"
Stubborness is not good if you are an investor.
Some of my best decisions have been to sell a loss making share before the losses got even bigger.
Certainly, all the best to you.
Value, if we all had the same opinion it would be a dull board.
Fair enough, I believe Ocado hold the cards. Good share price upside if Ocado are vindicated.
We shall see..
It’s not just about legal costs, damages, appeals and reputation would also have to considered.
Then the case may not be clear cut. My view is Autostore hold the cards as I think Ocado will need to win big.
"Do you really think they would risk losing all that money "
Autostores legal costs will be in the £10's of million. It's not a great deal of money for them for the chance of a speculative win.
Extract from Ocados half year report below:
"In 1H21 total litigation costs were £11.4m for AutoStore"
Do you really think they would risk losing all that money also Ocado tried to buy the platform from them then autostore sold to someone else
DYOR
Autostore have raised the court cases on a speculative basis. Small outlay for a potential big win. So far having read all the court docs Ocado have the upper hand particularly in the all important ITC case.
No company can prevent other companies from suing them. It's whether the claims are valid that's the key and Ocado have totally refuted their validity.
Autostore would not have raised the issue with the US and UK courts unless they are confident of infringement. The costs are far to high, again this is a Pivotal moment for Ocado. Deals and contracts are irrelevant if they loose the case. Indeed they could be playing into Autostore’s hands.
Yes, Chilting, I agree...but also pretty angry that Steiner has lead us into this court case...there should be no question about ownership of what systems Ocado is using
Yes that's certainly correct WolfofWarks - especially comparing OCDO and ASOS.
All covid related winners are having a hard time at the moment - Ocado, Boohoo, ASOS, etc.
Looking back in hindsight its easy to see that it was Covid that pushed up the SP from March 2020, and it wasn't until March 2021 that reality set in again - basically OCDO was in hyper oversold mode for a year.
So, since the Spring the SP has been drifting looking for something to latch onto, we have had a few false dawns, but as always when sentiment is shot it will take something significant to turn the tide - just be patient it will come - in the meantime take the advantage of the low SP to top up.
Didn’t hear anybody say at the time that £ 25 was an overvaluation ? Not even at £ 28 ! Easy in hindsight aye.
Certainly momentum has gone for the moment. It can easily return at any point. Could be a new contract announced by Ocado Solutions on any given day.
Tim Steiner has been the driving vision in morphing Ocado from a small food delivery startup into a £13bill multinational technology company with large contracts with huge grocery companies in most continents of the world. He deserves to be very well paid. Retrospectively Ocado was overvalued by the market in the pandemic bubble of +£25.
The story isn't over. Much more to come. There will be some more mishaps, some wins and always lots of volatility. Look forward to discussing future events with all of you as it all develops...
Well OWLS stubbornness is why I’m not selling at 2k down. Perhaps management and Mr.Steiner will up their game very soon fingers crossed !
"Be crazy to sell out now at such a loss 2 k down". Why ?
The biggest factor in share pric e movements is momentum and momentum is still negative here, despite some who claim it has changed based on a few up days.
The 200 day SMA is £21 so I wouldn't be a buyer until it reaches that price.
Probably better to sell and buy back when momentum changes.
Brilliant Gioviano totally agree and said that when he started taking massive bonuses. How the hell can that be justified ! Not fair on the share holders rewarding yourself for poor performance and no profit !
Jimmy, you've got to lay most of the blame at Steiner...collected his bonus and then the shares nosedived due to no progressive news or new contracts. Nothing wrong with being angry, I am.... especially with a second fire...honestly how does that happen?????
Easy for other people to say dump them and move on.
Thanks Applejack you and me both. Sit and suffer and wait for the upwards !
To late now Valueplay for me to sell will have to wait and suffer and it’s looking like for a long time. As I say surely it can’t go much lower ? Be crazy to sell out now at such a loss 2 k down. Probably be at least a year to get it back but hay ho who knows.
It could go lower Jimmy. Ocado is a very volatile stock. Unfortunately you've bought right at the top of its historic price range.
If you are sad about it and can't see it going higher my advice is to sell up and move onto something else.
My view - I believe there are better times ahead, long term hold for me.
Yes the shares went the £29 and I thought it wouldn’t stop there . These are a share that I’m planning to sit on
Long term. The price will improve based on the technology
and not purely on the uk grocery operation .
Blimey my £ 28.18 entry price is more depressing by the day ! All those shorter’s that have been on here remember Oracle and his sick 1664 joke. I hate to see his prediction is nearly there. Ouch surely it can’t get much lower ? And it’s alright for you Valueplay and Chilting your probably still thousands up unlike a lot of us no doubt. So you can still be bouncy and happy. I’m sad about to be honest.