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It's like Kroger are committed to building additional CFCs.
They have put things on pause. If I pause a movie to get a cup of tea that doesn't involve throwing the TV out the window.
They literally seem to be copying the research posted last week on that AI site.
Sorry but in what world does a broker note from HSBC strike a serious blow to a business?
Fluff
Yeah, but that's a rehash of old info with spin. It's media hype.
Https://www.thetimes.co.uk/article/robots-sabotage-ocado-effort-to-become-tesla-of-grocery-3jpb2rgzg
"Robots sabotage Ocado effort to become ‘Tesla of grocery’
Analysts suggest automated warehouse business might not be as high growth as founder Tim Steiner hopes
The Ocado founder Tim Steiner’s long-held ambition to transform his business into the “Tesla of grocery” has received a further blow. In a note, analysts at HSBC highlighted the fact that the robot warehouse business might not be as high growth as hoped, forecasting slower uptake in what it said was already a “highly competitive” market with “many established participants”.
In particular, the analyst highlighted further problems with the company’s partnership with the US grocery giant Kroger, pointing to the fact it had announced the closure of three facilities, two in Texas and one in Florida, which failed to meet targets.
Ultimately, the analyst said that orders from Kroger, if anything, appear to be slowing down, underscoring the risk of overcapacity in the broader market"
Made a complete ar se of my self there, I can't deny it. But I'm the right side of the trade which is the most important. I'm not convinced we've seen my 350 or below so I'm waiting for the moment.
Thanks for the support Boyo and Stupmy.
Stupmy, hope your Ocado Financial calender diary is fully updated now :o)
Seriously the Reddit forum was made up of disgruntled workers that had lost their jobs.
They were criticising Kroger but what they were saying was in line with what Britain Ladd and others said about the spoke closures.
You can get a useful idea from talking to employees. I asked one of their drivers the other day how many loads. He said 24, which is their efficiency target. If he had said only 10 or 15 then that's a negative indicator.
I've no issues with anyone here. I will call out research based on what a guy on Reddit said or the importance of a couple of LinkedIn likes though.
Always DYOR. Try to go beyond the predominant blind optimism shown on this board. The profit has been there for those who have dared to investigate and capitalize on the flaws of Ocado.
What you post interests me, challenges my knowledges and helps me learn.
Not at all. I guess I feel that I have posted too much things that I find of interest but probably not of interest to others.
In seeking out responses to VP I have found out some stuff.
I believe you do have to have the investment case and optimist beliefs pulled apart.
It's just when the same points are made again and again......
Sangi, I hope I haven't annoyed you. I can promise you I have no issue whatever and enjoy your posts and see their value. If I have personally given you the impression I'm negative in anyway about your contributions to this board, then I've certainly not done it intentionally and I apologise.
Maybe some are happy with imprecise info supplied by VP and think it shouldn't be questioned.
I try to say things that reflect uncertainty by using words like May or Could.
If VP says Amazon have a partnership with Autostore and the reality is that they are just trialling their tech at one location then I am going to keep calling them out.
There is a filter if you don't like me doing that.
Me neither Boyo, perfectly happy with VP, just think that discussion isn't going anywhere. There are things that you can get a handle on and I guess we overlap there. But what I don't like I 'certain statements about what hasn't yet happened', that gets under my skin.
I can, I lot of people say they can see into the future (Alexei Sale gag).
Ha Ha Stupmy! I can see into the future and I confidently predict that VP will still be pi55ing a lot of people off on this board for a good while yet!
However, I’m not one of them.
Ok, if that makes you happy great. Obviously there's all sorts of likes floating around on linkedin. It means very little imv.
No but things like that are interesting. They show that OIA is attracting attention.
Oh, thats a surefire sign to buy Ocado shares lol
Not my bag thanks.
Funnily enough 2 of their main customers DHL and Johnson & Johnson liked Ocado Intelligent Automation posts on LinkedIn in earlier this week.
Sounds like you should be shorting Autostore. Should be easy money according to your analysis?
I believe that Ocado's closest competitor is fairly relevant.
Especially with their £4bn valuation on falling sales and no guidance for 2024.
I'm sure there's an Autostore board out there somewhere for you to address your concerns. Best we stay on topic re this board...
Well Ocado Solutions grew 44% with 15-20% growth projected for 2024.
Why is Autostore revenue down if sales are there to be made,,? And they won't even offer any guidance for 2024.
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.