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So you’re now trying to justify calling a new Joint venture partner of Ocado, wait for it......
Value called M&S on the Ocado board, wait for it....
‘Rotten to the core’
And that makes it okay because you said it on the Ocado board? It makes it okay because you said it and others may agree?
A partner of Ocado, an equity you bought at 500 and got to 2900 is ‘rotton to the core’
Sad or what! You bully M&S behind its back and it’s okay?
It’s insane not to understand the importance of M&S to Ocado.
Try for just one little second to imagine the Ocado share price if M&S went sadly into administration. Before you say it NO there is no other company ready or needs Ocado in UK-it’s home market.
It’s insanity value you know it and so does everyone else!
You are having trouble reading. I said MKS was "an apple with a rotten core". A comment chilting agreed with.
The comment was made on the Ocado board not here. It's very odd that you are trying to police what is said on other boards about MKS. It shows again your controlling nature.
As Trojanhorse says, let's keep this board on MKS research.
Pandemic aside - although M&S survived the last one and two world wars after, so I really don't think they're going to the dogs. For a company that's been around for 140 years the current pipeline represents some of the biggest changes in their history, and none lose sight of either 'Make me' OR 'Save me' money.
There's Plan A that everyone seems to be overlooking - making their stores more self sustaining and reducing their carbon footprint. Once the dust settles after the current situation, and we all appreciate life a little bit more, M&S will be at the forefront of driving the changes in main high street retailers along with an attitude to preserve our planet for the future. I see 'self sustaining' as major expense reductions and a more competitive edge. Hell, they're already recycling baguettes into garlic bread.
Add to that their move to a much more digitised operation model with customer communication / analytics at their fingertips. Banking, insurance and energy as additional income streams.
Buying half of Ocado was a shrewd move, since not only do they get half the Ocodo current business overnight, but they have one of the strongest and well tested delivery models ready to go without any expensive lessons along the way.
If you ask me - anything below £1.50 a share is a steal, and that £1.50 includes a 50% stake in Ocado thrown in for free (those of us who held shares before paid for it & no need to get sucked into buying inflated Ocado shares).
The ONLY thing they're doing wrong right now is not pushing their premium foods through the Ocado network either hard or fast enough at a time when the country are using home shopping far more.... if they could just get their 'Christmas done for you' shopping sorted that would be a massive boost as they're missing a trick right now.
But neither partner will want to sleep on this for too long - and when you see M&S food with Ocado delivery really take off you'll be wondering why there was any bickering at all in 2020.
There are retailers....... and there are M&S retailers - A slice of 140 year old British history for under £1 ?? - Sign me up for some more as I'll just keep accumulating.
Would correct you there. MKS bought half of Ocado retail not half of Ocado as you state.
Corrected - still a BOGOFF though ;)
It could appear that way. Unfortunately it's far more complex than that.
Don't be such a Debbie Downer..... You buy M&S - you get a bit of Ocado - but you buy M&S at a turning point in their history.
Live for today and long for the future - no need to dwell on the shady past.
Christmas is coming - have some M&S mulled wine with M&S luxury minced pies delivered to your door (if you want) - and know that while some gets sparks points - you get cash back in dividends, growth in your investment and that warm fuzzy feeling that you played a part in their history.
Nice one Tribalhound. :o). I'm looking for share price growth not sparks points. MKS down 8% since start July. I remain on the fence as I believe extra costs or writedowns will be outlined in tomorrow's results.
Let's see, not long now..
Tribal - that's gotta be one of the best posts in ages
no leaked results then?
Let's see what the last couple of hours bring...