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Give up already. There will not be a fund raise at these suppressed levels. It will be at a substantial premium when Kroger decide the time is right.
Imaging soon ftse will go drastically back to 7000 in near future( usual uk stocks behaviour) and what will this ocdo sp do with no good news at all and no new contracts?
Raising fund inevitable with high cash burnt.
Friday, the usual morning pump and closing dump. Heading back below 340 p to test 335p inevitable, and lower.
Having the hopeless former BT ceo as director is a joke. Why does clown ceo attract clown. Need someone with more credibility for US market.
Looks like a 15 p rise and short pattern.
No reason for shorts to be nervous. The sell off is still in place. Negative issues remain surrounding Ocados major contracts. Slow new partner sign up. New fundraising to occur quicker than most believe imo.
They forecast 15-20% Solutions growth for 2024. An optimistic scenario could be that the 20% was a figure inclusive of getting the development fees on the books at the end of the year.
So now it could be that in addition to the development fees they will get a few months of fees revenue and the recurring revenue from the cut they take from Coles sales. Possibly pushing Solutions revenue growth past say 22%.
About 80% of Solutions revenue is recurring from the fees and share of sales revenue. This was about,£360m in 2023.
Have to wonder if they are getting the Coles CFCs online quicker by fitting them out with Reimagined tech for the same price. It would seem to make sense if the recurring revenue is the main source of income.
The Madrid CFC for Alcampo is also expected to open this summer.
It looks like the delay with the New South Wales fulfilment centre has been overcome. It was expected to be pushed back to the end of the year but Coles CEO now says they expect it to open this quarter.
https://www.afr.com/companies/retail/coles-shelf-price-inflation-softens-liquor-sales-fall-20240423-p5flxi
Absolutely, as fund managers across the globe have already started buying European ETFs as they seem to be quite undervalued. How long can the shorters keep the lid on is now the question. Ftse100 getting to hear 9000 this summer looks inevitable after all these years of slow to no growth.
Agree!
ftse hitting record high. money pouring in, this on its **** and looking at exchange move. not a great short imo. but they are trying to hold it. could easily snap higher.
Thought this was an interesting reply from HL reference my shares being used for shorting purposes:
‘As a retail stockbroker, we do not facilitate shorting and do not lend stock to other market participants that could otherwise be used in their shorting activities.
Stock you hold with us is held in the name of or to the order of Hargreaves Lansdown Nominees Limited, or by an approved third party custodian. Hargreaves Lansdown Nominees Limited is a non-trading company so it cannot run up liabilities of its own and Hargreaves Lansdown accepts full liability for any default by our nominee company. We maintain detailed records of all your investments and assets for which you will at all times remain the beneficial owner. We do not lend stock held in the HL or PMS Services.’
Clearly the price of this is heavily influenced by the shorting activity!
This will be the biggest influence on a positive so reaction over the next year or two. Expansion into pharmaceutical, non grocery retail markets aswell as other territories the other. I want £10-12 in the next year to 18 months. I still think they will ditch the FTSE in favour of the NASDAQ, it makes more sense as this is a TECH stock not a GROCERY stock which the UK are valuing them as.
If London wants any sort of global future, they need to start buying into shares like OCDO
Agree, cannot believe how this is languishing so bad.
In conjunction with a rate cut strongly forecasted now for June and further cuts in H2 this all helps inject a strong tailwind into the Ocado SP. GLA.
ONS director of economic statistics Liz McKeown has told Radio 4’s Today programme that the 0.6% growth recorded in the last quarter is stronger than people expected.
Compared to recent figures, we last saw growth this strong in the last quarter of 2021, McKeown explains.
McKeown pointed to the pick-up in service sector growth, but also pointed out that construction shrank – due to a decline in new work.
McKeown says:
“After two quarters of contraction, the UK economy returned to positive growth in the first three months of this year.
“There was broad-based strength across the service industries with retail, public transport and haulage, and health all performing well. Car manufacturers also had a good quarter. These were only a little offset by another weak quarter for construction.
Ocado Group Plc grew faster than Britain's major supermarkets as its UK grocery division showed signs of recovery. Sales at the British online grocer rose 12.5% in the 12 weeks to April 14 from a year ago, ahead of the total online market growth of 6.8%, according to data published by research firm Kantar on Tuesday.23 Apr 2024
Getir are pulling out of the UK, US, etc, and focussing all their efforts into their home Turkish business.
Three weeks of levelling out continues (15' view): https://invst.ly/14sauz
Previous ones have ended badly, of course, and there is a red trend incoming over the next few weeks -https://invst.ly/14sbmw - so counting chickens shouldn't begin just yet. However, all the negative news should be out there and priced-in until the HY Statement in July . No further increase in shorts declared for yesterday.
I added a little going into close around 351-352.
You know if you put a sell limit of say double today's price you effectively reduce the number of free shares being used for shorting? Might stop this nonense.
Also 660p will be firmly in the rearview mirror when it's listed on the NASDAQ and it's valued for the GROUP rather than the UK supermarket business. Let's not forget it rallied to £10 on a short squeeze and Amazon rumours alone last year.
660p fill your boots
Odd that the target has been reduced to 400p by one broker and yet the next day Deutsche Bank initiated cover as a buy with a target of 660p. One of them must be right.
Thanks Sangi. That's reassuring.
It's hard to say what D1's targets/objectives are/were. In theory I guess they increased their shorts at around 370 on Tuesday - so job done potentially given yesterday's UT price at 25p lower . We have to wait for the afternoon and closing UT to see the full day's cycle, but so far there hasn't been much of a drive down to 342. Bit of a yawn really, especially as lonlon had convinced me it was going to hit 335 (LoL). MKS doing very nicely since October, I doubt they'll have too many complaints about the JV, especially if they agreed or requested the revised contract changes and, in doing so, get out of the final payment. https://invst.ly/14s38v