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Is a merger with Autostore on the cards?
This share continues to decline and nothing from the board on the devastating legal challenge. With the lockdown the share should be at its best now, and yet it goes down. Is £20 on the cards soon?
Very wise Shaggers54 selling at near to the top though, well done!
if i knew that i wouldnt be topping up now lol...just like i wouldnt have sold some at 27 odd if id known it was going to 29
Shaggers54 what’s the bottom price for Ocado ?
ocado 8 last march 23+ today ...marks 70 odd last march 90 odd today
whats last march got to do with anything??? .......current share price says it all and is far more relevent
Interesting scenario shaggers54. In either case it wouldn’t be a positive outcome! As on 16 March 2020 Ocado sp moved down to below 800 and M&S below 74p, market is extremely volatile to any bad news, especially in October, hence the reason I’m 95% out!! I don’t buy again until I’ve eaten my toffee apple! ))))
Shaggers54, agreed
We can take your apparent knowledge on this value, as you always quite rightly say there’s always two sides to every story.
I would add there’s no smoke without fire.
Fingers crossed and keep one eye on that crystal ball.
if the ocado/marks joint venture went bust tomorrow which company would survive the best......my moneys on ocado
Experience breeds success. 750% share price gain in 3 years. They are well geared up to overcome this latest issue
M&S for another board not here, and I don’t hold much in M&S having sold at 111, bought in at 78p. In fact I am nearly out of all equity at this moment only 5% of total holding.
October has always been a strange time in equities so I always exit end of Sept.
Ocado are so experienced at legal challenges you’re correct I have nearly 11 years experience in hearing about them.
However rarely do legal challenges end in a gain for anyone except lawyers.
I just hope for the sake of Ocado shareholders it’s over faster than 2 years.
i see the inmate(s) are running the asylum again lol
Understand you not wanting to discuss MKS. No share price growth in 5 months can't be fun.
Ocado is in a legal challenge with Jonathan Faiman. He has had his assets frozen as he's in another legal battle with a Russian billionaire. Ocado legal team doing a great job in protecting assets.
I don’t wish to get into all that M&S debate, although you could be right and Ocado take M&S down with them. Futures are impacting as well and US election is at the centre of that.
Ocado is no stranger to legal challenge though and is still fighting with a founding member.
Not a worry. Nasdaq down a lot today. One of those market days where shares follow the overall market.
MKS down 2.6% today and down 5% since start July. Will this have an impact on Ocado retail joint venture? Concerning
It’s still crashing -2.3 Ocado, but ftse100 -1.0% so it appears to be still pricing in risk. Worrying!
The whole market is falling. Ocado, being a tech share, is about risk and reward. It is more risky but the gains to be had are large. It could fall further but there could certainly be major upside.
Meanwhile the market keeps pricing in risk, they have crystal balls too. Spooky!
Same central issue, just means a bit more legal cost. Ocado see no merit in the claim. Counterdamages could be gained. Nothing preventing them expanding currently. Lots of opportunity all around.
Made much more complex with two different legal processes as it goes through UK and US.
Tim has always had a clear strategy. He will have a plan regarding this. So far he has been very clear. Ocado have dismissed the claim totally and intend to fight it and possibly seek counterdamages.
IWIK if Tim is updating the market soon on his strategy in dealing with the legal battle
Noone knows anything for certain. We all make judgements. I see lots of opportunity for upside given the current share price.