Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Agreed 100%. I am not bothered in the least about the SP at the moment.
The investments made in tech by the likes of Walmart and Kroger/Ocado makes you wonder what the likes of Sainsbury's and Tesco have been up to.
It looks like Sainsbury's are now going to belatedly make more investment in automation at their warehouses.
I wonder if there is any scope for one of the other supermarkets to pay Ocado Retail to add their product lines?
That seems to be what the partnership with Groupe Casino is looking to achieve. Rent CFC capacity to other French retailers.
Also wonder that maybe Ocado can afford to play tough with M&S because they could swap them out for Sainsbury's or Tesco.
We do have one of the lowest birthday rates and that's one of the reasons why Korea has such a highest number of robots to humans ratio in the world.
The UK has relied instead on cheap labour rather than investment in technology. This could come back to bite the likes of Sainsbury's in future.
Sang
If indeed Ocado has a very bright future mid-term onwards ...then.... it actually makes sense shorting now and bringing down the share price ..in the mean time....... so...as to take maximum advantage of that medium-term belief
( like a bow and arrow, first pull back the bow !!)
" For me it’s virtually a coin flip as to whether it will fall further in the next few days "
Maybe the FED meeting and Powell statement will have some influence on that !! ..I dare say it might !
The chart here from Global Data gives an idea of where Ocado stands as a robotics company. The analysis is based on the number of patients filed, what applications they cover and what countries filed in. Worth noting that Myrmex, to the left of Ocado on the chart was bought by them in 2022 so they can really be bumped along to a higher score on the right.
The data goes up to 2021 I believe and they will have filed a lot more since then.
Worth noting Boyo how Walmart have filed a few more patents for robots than Ocado, while running a profitable grocery business.
https://www.retail-insight-network.com/data-insights/innovators-robotics-automated-inventory-management-retail/?cf-view&cf-closed
Yes indeed Pokerchips. Why vote when you've got a big chunk of your capital at risk and invested here when you can be tuning in to this board.
AGM’s are boring aren’t they - and probably just as well this time around. The sp really perked up after 15.15 in a way that the daily chart doesn’t capture https://invst.ly/14li7j However, only a fool would look at OCDO’s LT daily chart https://invst.ly/14lhuz and suggest it looks positive, despite some massive volumes traded recently. The trends up to this afternoon's kick are undeniably pointing to a further fall although support at nominal 342 (which includes a brief intraday low of 335) has so far held. Until and unless it breaks, that support marks the bottom - just like last year, although it did bounce more convincingly then. For me it’s virtually a coin flip as to whether it will fall further in the next few days and, whatever your gut instincts are as a PI, betting the farm on it or arguing the toss here won’t improve those odds much. If it does stay above 342 then the next test will be when it meets the lower red trend in the daily chart later in May. That’s a chat for another day. GLA
Are you aware of the scale of the data centres Amazon employ for their cloud computing business?
https://aws.amazon.com/compliance/data-center/data-centers/
Sangijuelas: That's a really good question but, on reflection I think you’ve helped make my point. My immediate answer would be that Bezos saw the power of tech when he started selling the simple merch of books (which didn’t need massive warehouses at first and was a much simpler product to move and shift than groceries (which they still can't do really). The other stuff (making books, music and video into easily managed and delivered data files) came later and was built on basic and established IT formats and systems. Nothing particularly challenging in technology terms, with people doing the logistics associated with stuff that actually couldn’t be delivered over the internet. Was Warehouse automation ever one of Amazon’s main goals? Amazon is primarily built on mainstream operating systems, programming codes, file formats and services and the rest has been either outsourced or is run by locally set-up warehouse and logistics teams with a strong but fairly conventional and flexible IT corporate network binding it all together.
Bezos was too smart to get drawn into stuff that required complex mechanical infrastructure, manufacturing, testing and client support . It was all simple technically - which is why he needed to build a rocket.
Bit like any shareholder vote, general election, brexit etc etc....if you do not vote you are irrelevant. The result can only be based on who votes.
"One in five Ocado shareholders oppose boss's £14.8m package "
well not exactly ..
these are Votes cast, ( 1 shareholder can have many shares, and thus many votes)... numbers don't refer to individual shareholders
..and the 1 in 5 is only within the votes cast.... looks like around 150m shares and their corresponding shareholders didn't vote ...so if some had an opinion it seems they chose not to stand up and be counted
Well that didn't pan out very well for common sense PI.
I've started some small longs on my 'Canary' account
We now wait for any media reports related to material questions posed at the meeting i.e transition to states.
One in five Ocado shareholders oppose boss's £14.8m package
Newsflash: Online grocery firm Ocado has been given a bloody nose by shareholders protest over its plan to give its CEO Tim Steiner a potential bonus of almost £15m.
But while one in five shareholders opposed the plan, it has been approved.
At today’s annual general meeting, 19.4% of shareholders opposed the approval of the Directors’ Remuneration Policy.
Another resolution, to approve the Ocado Performance Share Plan 2024, was passed with 80.62% votes in favour, and 19.38% against.
As we reported this morning, shareholder advisory group Glass Lewis had urged investors to vote against Ocado’s remuneration policy and performance share plan, citing “egregious remuneration practices”.
In a previous life I was asked to prepare a company due diligence report on a new 'area'. This was an area that was outside my expertise although broadly within my catchment. I had no choice in this matter. I 'completed' the task and added a subscript to delineate the potential weaknesses in my report. It was included in the final due diligence report and I'm please to note that so was my subscript. I really was not fully qualified for the assignment bearing in mind particularly the time constraints. But I had not choice but to do it.
On what basis is this heading to 2.50
If theres a hint of a listing in America this could hit 400 in the next few days.
Well if you are planning to sell I wouldn't wait too long as it's apparently heading to sub 250!
Ocado can't even get their website to work properly (try searching it), so I'm wondering if I should just take the very big hit and walk away.
Exactly, Boyo. They're playing us for fools.
So on that logic Amazon should stop trying to run an online delivery business alongside their cloud computing services or a video streaming platform?
Monopolyman asked: Any predictions for today's AGM? [Might] there be some positive news that would push the share price up 5 or 6 per cent?
Looking at a trading view (15min ticks) over the last couple of weeks, https://invst.ly/14ldja I’d be surprised if anyone would be expecting a positive 15p plus move today. Trendwise, it’s obviously vulnerable to a negative push and it's started dipping as I type. Some may be braced for a damaging confrontation regarding salaries and bonus but influential people seem to have the board and major shareholders by the short and curlies. Should TS subsequently depart, for example, then a certain number of dominoes might fall. But is OCDO’s future in UK On-Line Retail or in Warehouse Technology? You tell me - the majority of PI’s apparently think one thing whilst everyone else apparently leans the other way.
Which is TS’s priority? I gather in the military world, having two main objectives is a recipe for failure.
I'm glad to see some cooling off between VP & Pokerchips . Both have strongly differing views that I respect and value.
VP
For the record...I am happy to apologie... I was wrong in not checking back to see that I had in fact used the word...
Does anyone have a link to the AGM?
"I'm short Ocado and of course that puts me in a minority re this board"
VP
I see so issue with being short at the moment and can understand such a position... but ..I see the fall in share price is linked to much,much wider issues than any decision to use 3 spokes or not....or even just Ocado related issues ...
Distinct market positions does however limit the extent of discussion both whether defined as a short or a long ..because both positions does tend to shut the door to the other side
Nice to get an acknowledgement of error from you rather than your previous post of:
"ValuePlay
I have NEVER used the word shallow...and as usual you are making up what you want, rather than using what someone has ACTUALLY said
But that is nothing unusual...and the chances of you recognising that fact are ZERO"
Yes let's move on....
I doubt anything will happen. I expect the bonus will passed through by a fine margin and then the story will be about a shareholder revolt. It may even slip a little. Of course I hope there is some positive news but there's not normally much announced at the agm