Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Delta rising rapidly in the UK who now has one of the world's highest covid cases rates. New variant of delta (AY.4.2) circulating in the UK and cases being found in the rest of the world. NHS leaders demanding the government imposes restrictions before hospitals, who are trying to cope with the huge backlog in procedures, come under too much strain. Booster jab drive has been far too slow in the UK. Waning immunity amongst the population.
So many reasons to believe Ocado retail UK revenue will grow over the coming winter period...
There will be no future lockdowns at all. Government have no further monies for furlough or the likes!
97% of UK population now with anti bodies. The investment in vaccinations is the answer and let those who haven’t had the jab either get it or face covid.
Herd Immunity is all UK can now afford-let it rip!
????????????O
Astonishing
It's a good point bitbybit. Driver capacity will impact Ocado as it will do all other retailers. I believe Ocado offer some of the best pay and benefits to their drivers so that puts them in a better position than others to retain their workforce. Shaggers54 could elaborate more on this.
The expansion of the overseas online grocery market is what really drives the Ocado share price, as this is where the majority of Ocado's revenue is forecast to come from 5+ years from now. Delta rates are increasing demand from consumers for online grocery all around the globe opening up new markets and increasing the possibility of Ocado's technology being utilised in more countries.
Morning VP.
I know Ocado can take extra orders but do they have thedrivers for the deliveries? There really seems to be a shortage atm so just wondering if they can take extra capacity or not? I honestly dont know either way?
With UK Delta covid case numbers rising in all categories Ocado is well placed to further benefit from increasing online grocery demand.
All around the world the switch to online grocery is occurring at a faster pace. This means higher sales for Ocado's partners (higher profits for Ocado), higher probability of new partners for Ocado, higher probability of those new partners signing on more lucrative terms..
Market doesn’t think much of stocks in general atm...everything nosediving so if you’re in cas it’s time to buy in. Plenty of upside now as this depressing trend surely must reverse in to positive territory.
Inflation and rising Covid19 cases not helping the jitters. Could not believe my eyes watching Euro finals...no masks, no social distancing....just asking for it tbh.
And here’s me returning to UK on Monday after 5 months escape to mask free, minimal Covid19 cases free ‘red list’ Zanzibar to 10 days self isolation and another 3 PCR tests of which the previous 5 have returned negative...Bonkers!
Another lockdown is looking likely and OCADO, Just Eat, ARGO are sure bankers. JMO.
New lockdowns possible within weeks according to Chris Witty......
https://www.dailymail.co.uk/news/article-9792171/Graphs-surge-cases-men-twenties-spike-coincides-Euro-2020.html
The shorts are certainly having it all their own way this summer - not great, but nothing we can do but watch and wait for the reverse.
Issues are not directly Ocado related and Ocado fared better than most - will bounce strongly at some stage but not looking great for a few months at least.
Plenty more to come from this stock, stay tuned... Many stocks getting hammered, ASOS down 19% today.
Not really, I just follow the market, this has worked brilliantly for me in the past with OCDO but at the moment the market doesn't think much of the company, hopefully momentum will turn and I'll be back in.
You're cleverer than that OWLS. Those 2 multi billion pound investors will have greater insights than us. They again are following their trading strategy of buy and hold long term. It has worked superbly for them so far..
The "2 biggest shareholders" that you keep banging on about should have waited a bit longer, they could have got 6% extra shares.. They probably have as much clue as the rest of us.
Cheers bitbybit, online grocery trend looks good for the foreseeable future. I now want to examine another strand of this trend, will post tomorrow, hope you can give your thoughts on it
Very true Value but as you say - whether there is another lockdown or not people will want to shop online for protection
Another lockdown unlikely, possibly in the autumn/winter. Most probably no lockdowns and no furlough.
There can’t be another lockdown.
There is absolutely no money left and the government can’t borrow anymore.
Tax receipts are down considerably.
Forget lockdown now it’s not even an option.
Ocado at the moment is a stick to hang on to. Why?
- Delta covid rates now rising very steeply
- Boris committed to relaxing all regulations and little manoeuvre for a Uturn as he is controlled by the libertarian right of the conservative party.
- As covid cases expand exponentially this should lead again to less footfall in shops and more online grocery orders as people reduce their risks and select convenience.
Best to all
£100m of share buys allays some of my fears, I'm not used to having a holding tank straight after a buy in,
Unfortunately, I've two at once and not what I expected but you pays your money and takes your chance.
Many, many companies have signed up to Ocado's technology having examined it in great detail and placed great trust in Ocado by signing up to their systems.
You've said many, many times that there was no way a new deal would be signed whilst the court case was ongoing. Then a new deal came along a few weeks ago. Fair enough if you want to try and buy the shares cheaply but this currently is a great entry point.
Remember some due-diligence can be so critical that the buyer can simply wish to walk away from the deal or re negotiate the purchase price
Good chance of more overseas contacts to be signed by Ocado in the near future. Delta rising all over the world. Groupe Auchun the latest major grocery chain to carry out extensive due diligence on Ocado's tech and put their trust in it.
The current price will be seen as a great opportunity when looking back.... The 2 biggest shareholders see the current opportunity and have snapped up £100m of shares at these low £19 levels
The old Adige, Go away in May and come back on St Ledgers Day is appropriate as the case will have commenced by then. I will look at this more seriously in the Autumn but not until then.
The Dutch government announced a recent ending of covid restrictions then had to perform a U-turn admitting they got it wrong. I wonder if Boris will be so humble, I think instead he will blame the public if it goes wrong..
https://www.theguardian.com/world/2021/jul/12/eu-nations-reimpose-covid-measures-as-cases-surge
Feels more like Deep water horizon at this moment in time
Can we get back to £21 territory in the near future and push on?