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Sad for those that hold that stock yes. Ocado share price drops and current performance is similarly sad for holders.
Sad that they reported a revenue drop of 7% YoY the other day.
That belief is already priced in re Autostore. Happy with focussing on the Ocado short currently. More value there imo.
So you will be buying Auto store stock then?
Every chance Autostore tech is rolled out further by Amazon.
As to the rumoured bid. I'd take all that with more than a pinch of salt. Many vested interests at work manufacturing supposed bid interest in order to capitalise on the associated market movements.
Https://www.thegrocer.co.uk/ocado/why-would-amazon-want-to-buy-ocado/680734.article#:~:text=While%20optimised%20for%20picking%20groceries,major%20ambitions%20in%20online%20grocery.
Goldman Sachs and JPM mentioned here.
As well as the tech Amazon would value the data very highly as most of their consumers are fairly affluent.
The Times report at the time mentioned 2 investment banks assisting with preparing a bid .
They are not partnered with Autostore. They are testing Autostore tech at a site in New York.
Maybe they will want to test the Ocado system as well?
"I think the Amazon bid was sounded out and rejected."
Pure guesswork...
Amazon already partner with Autostore amongst others. They are marching ahead with other solutions.
Re VP: has there ever been anyone further up their own A. than you on this Chat page?
Imagine living with this guy????????????
I told you dear, I told you dear, I told you dear, I told you dear..........
I don't think any of the major shareholders are looking to sell for the next few years.
I think the Amazon bid was sounded out and rejected.
Furthermore, if the takeover or US listing ever happens, the Ocado retail will be very profitable as the cost of investment on robotic arm is mitigated and/or capitalised into balance sheet resulting in less overheads on the retail side of business. This will definitely increase market share as goods become cheaper as we have already seen in the last two quarters. Other supermarkets may struggle to compete with Ocado as they continue to absorb higher costs of labour.
For the last 2-3 years grocers have had bumper profits from being able to use general inflation as cover for increasing prices.
So less need to address their operations to reduce costs. But these profits will need to be sustained as inflation comes down so I believe the CFC slowdown is likely to reverse in the next couple of years.
Sometimes circumstances mean a good solution is overlooked for a period of time. It doesn't mean the solution is not good. It could be that all the recent investment bears fruit over the next few years.
Absolutely! The tech is there and is proven to cut costs and increase efficiency. The effectiveness lies in scaling which can be done if the likes of Amazon or Kroger can acquire the AI robotic arm of Ocado or in full. We are not far I believe.
Lol, I can't see into the future yet. I'm not Mystic Meg but I have carried out extensive research on Ocado over a 10+ year period. Over the last 2 years major flaws within Ocado have grown. I positioned myself to profit from my research.
As always DYOR. That way everyone becomes more enlightened and less swayed by others.
Best to all.
Interesting piece on how ocado is using AI. Only a matter of time before it is snapped up by the likes of Amazon https://www.google.com/amp/s/www.bbc.com/news/business-68639533.amp
Sangi, no-one can see into the future. Anyone posting confidently that they can, is someone to be very wary of. Either they're in a certain place on the confidence scale that makes them 'alha' and there fore try to force others to their will, or it's plain manipulation. Ignore it, you cannot engage it more than you've tried.
For the moment, according to the chart, the downside prevails, but we're in an area of SP action where a switch might occur. The best we can do is watch, and try to make money.
You have outlined your position on Kroger. Elements of your thesis have been meant with an antithesis based on research but rather than engage with and counter the points made you prefer to shut down the conversation.
You keep saying Kroger are going to switch to Instacart and away from Ocado without explaining how Instacart are going to manage the large orders.
Instacart's own marketing is full of photos of a delivery driver handing over one bag of shopping as it is only used for small orders picked in store the same day.
Ive posted on this issue countless times before Sangijuelas1. No point rehashing everything again.
Best of luck. All will become clear in time.
It's not true that shorts only close at the end of the day.
Autostore news was released during the day and they were piling out then. There was also a spike of about 10p the very moment Ocado tweeted about opening the Auchan Poland operation, which suggests to me an automated spike on the news that was then overridden by a human as the news was not significant.
So what exactly does your research consist of other than a feeling or belief you have?
All there is to go on is a statement from Kroger saying they were pausing to improve efficiency and a further statement that closing the spokes would have no impact on the rest of the CFC and spoke network.
350 or below is now inevitable, bearing in mind we're ad 350.5. The question for me now is whether the bulls can take the reigns. I'll be watching as closely as I can. I'd say a close below 338 or 335 (even stronger signal) would suggest more downside is likely. Obviously I'm pleased to have closed all out. But personally, I think the analysts and the market are missing a trick. However, having said that, that is a big short position and the short view is held by a good number of institutions. It's probably best not ignored.
350p or lower, gap must closed but downtrend still intact. Suspect will test 335p and go lower.
Dark is a company that continue to sign contracts. Ocdo new contracts has subsided and debts £1.4 bln looming. No body will put any bid on this stock. Get out of this spike to £4. Last chance before shorters takes this to penny stocks. Just look at ASOS and Capita.
Shorters closes position on negotiated SP recorded only after hours. So prices is keep down for profit. This SP is getting cheaper since this company badly run.
That's your research. My research points to bearish signs re the Kroger relationship
Best of luck. We disagree, that's fine, it's a discussion board. Meanwhile in other news shorts profits increase as Ocado shares slip further.
Would be interested in any thoughts on GROW charts. That regularly seems saws up and down. Can be a traders dream.
Up over 5% today to 250 for no apparent reason. Was at 218 last week again for no apparent reason.
It looks like a US listing is very possible later this year. Could easily see this at around 475/500 by the end of the summer.