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Today's Guardian:
https://stocks.apple.com/APEEiOJ56Q22_RSyn3lKUzg
Also nothing to say about Kroger statement in their latest annual report about 3 weeks ago that they are committed to opening new CFCs.
You keep talking about the spokes closure but are not prepared to engage with counter arguments that for Ocado it's a nothing burger.
From what I can see Kroger set up and ran the spokes to deal with orders from the CFC run by Ocado.
Capacity drawn at the CFC but no Ocado staff or tech at the spokes as it's part of Kroger's delivery ops.
The HSBC research is current and takes in where Ocado stands currently after the group results, retail trading statement, spokes closure etc. Many other analysts research is over 6 months old.
HSBC have correctly had a reduce rating on Ocado shares over the last 6 months. Other brokers have been wildly out of sync re Ocado share price moves.
Meant nothing for Rossington and Ocado on the search
Searching Google with the news tab option brings nothing for Paul Rossington although he is often quoted on other companies.
According to TipRanks he didn't make any sell recommendations last week.
https://www.tipranks.com/experts/analysts/paul-rossington
I tend to take what analysts say with a pinch of salt. They will probably get replaced by AI shortly anyway.
Anybody that hangs their hat on a broker rating needs their head wobbled. All you need to do is a quick check on their overall performance and you can see that they are extremely poor at their role. A 5 year old could do a better job by merely guessing.
Paul Rossington's return is negative based on his ratings if you followed his so called expertise and Linda Shu is just above break even........absolutely shocking that this board is being drowned out by the back and forth on this nonsense.
https://www.tipranks.com/experts/analysts/linda-shu?utm_source=markets.businessinsider.com&utm_medium=referral
https://www.tipranks.com/experts/analysts/linda-shu?utm_source=markets.businessinsider.com&utm_medium=referral
Paul Rossington is head of European consumer retail research. For example, last week he issued a buy rating on Kingfisher (B&Q) and covers other stocks like Next.
With this background he may not be best placed to analyse a tech company.
Either way, HSBC couldn't be bothered to send an analyst on the annual results call so they can't be very interested in goings on at Ocado.
Https://www.ocadogroup.com/investors/analyst-consensus/
Ocado still has Paul Rossington listed ....
Apologies Boyo, I have the info but cannot put a link to it on here.
Best of luck, as always DYOR.
Paul Rossington needs to get more credit then, VP:
https://markets.businessinsider.com/news/stocks/hsbc-keeps-their-sell-rating-on-ocado-group-ocdgf-1033283118
Maybe you could provide a link to his analysis?
When times are difficult, those companies able to invest in tech (I'm thinking about OCDO's potential clients here) tend to come out of the hard times with a competitive advantage (has to be the right tech at the right price and the right time). Those that were not able to invest in new tech, tend to get left behind and it's difficult to catch up when you slip behind. Personally I remain positive overall, but things take time and I'm waiting for my next entry. I still favour 350 or below.
The HSBC analyst re Ocado is Paul Rossington
On checking, I found that the HSBC analyst (I could only find one) who maintained a Sell rating on Ocado Group was Linda Shu:
She covers the Healthcare sector, focusing on stocks such as Sino Biopharmaceutical, China Medical System Holdings, and Sinopharm Group Co. She has an average return of -1.6% and a 53.33% success rate on recommended stocks.
Warehouse automation and Technology are not listed amongst her specialities and I could find no recommendations from her within the sector. I could have done some more work but it would apparently cost me a fee and, given the above, I decided it really wasn't worth pursuing, especially as HSBC's rating didn't exactly shift the dial regarding OCDO. Unsurprisingly, there doesn't seem to be any available data to back up the claim about it being a “highly competitive” market with “many established participants”. No one I've asked so far has come up with any significant suggestions beyond Autostore.
There will no doubt be questions posed about the SP and a move to the states should be seriously considered particularly post media news that activist investors are pushing for action. That is undoubtedly the most material update for PI's.
There will also be noise around the CEO salary but that will not impact the SP.
Any action around a feasibility study of transitioning to the States will materially move the SP upwards. GLA.
Fair enough, that's your view. We will see over time who's correct, yourself or HSBC. HSBC have had a reduce rating on Ocado for over 6 months. So far they have been on the money.
HSBC can talk up the competition but the talk in the automation industry has been that warehouses themselves have been slow to automate so their remains a massive opportunity to be exploited.
I think it was Sangi rather than me - I was a bit dismissive and also mentioned the video was 6 months old.
I have researched the competition, that's why I'm interested in HSBC's list. I'd like to compare notes, like I did with Retireguy last week. But if it's not to hand , no worries, google will dig up something.
Some people ordered Teslas before they were a thing.
I expect OCDO's clients are smarter than that - so no take-up until availability of kit.
Now there's anpther CEO after a nice bonus whilst the share is down:
https://invst.ly/14l37r
The Delaware judge in Elon’s case said: "Swept up by the rhetoric of 'all upside,' or perhaps starry eyed by Musk’s superstar appeal, the board never asked the $55.8 billion question: Was the plan even necessary for Tesla to retain Musk and achieve its goals?"
How are we all voting in our AGM?
My complaint is a very valid one. The new partnership flow for Ocado has been slow given the anticipated increased frequency of signing up new partners post the Ocado reimagined tech being available to order in Jan 2022.
Yes the Korean CFCs will have the new tech.
I will let you research the competition yourself. HSBC is current research. You quoted Bernstein research a day ago. Their info is 6 months old. Many negative issues have emerged within Ocado in the last 6 months....
Well the CFCs ordered by Lotte are being fitted out with it
Did HSBC list the competition VP?
Sangijuelas1,
"One of VPs complaints was that the Reimagined tech was not being picked up by partners but when they announced it they said it would not be until the end of 2023 that it would be available for new CFC orders."
This is a very important issue. You've misunderstood it as many others have on this board since Ocado reimagined tech was launched in early 2022. See below information taken from the Ocado RNS dated 26th January 2022.
"Partners ordering standard-sized CFCs today for delivery in H2 2023 will have the following features enabled: 600 Series bots; the 600 grid and Optimised Site Design; Automated Frameload; On-grid Robotic Pick; Ocado Swift Router; and Ocado Flex"
When Ocado sign a partnership they announce it via an RNS if a CFC order is involved. The signing of a partnership agreement occurs long before any CFCs being built.
Reimagined tech has been available to order since 26th Jan 2022.
Warehouses will be automated in time however HSBC rightly highlight the risks to Ocado in their latest Ocado research released last week, as below.
"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”.