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The AGM news will just be outrage at Steiner's bonus package if it gets voted through.
It looks like BlackRock were long here a couple of years back as they were complaining to them about the lack of diversity on the Ocado board.
They may be shorting them for insufficient wokeness
Have decided to top up again at 351p level for now...perhaps we could see a late afternoon rise in expectation of Monday's AGM. Possibly some positive news coming out of the AGM meeting and/or speculation about US listing or takeover. GLA
This has been explained to you several times. I have seen from multiple sources from the likes of Britain Ladd to workers at the actual sites getting closed down on Reddit and others.
Kroger thought they could enter sites like Miami where they have no store presence and take market share from the likes of Public without making any attempts to market the service properly.
The Reddit workers from other spokes compared performance at their sites with the others and order volumes were 3-4 times higher.
So most evidence seems to point to Kroger acting on unrealistic beliefs.
It looks like Ocado are actually putting someone in place with Kroger to work at using big data analysis to better retain and acquire customers. As per current Ocado job advert.
Kroger are locked in to Ocado's sticky solution. They can't use the likes of Instacart for much more than a packet of crisps and a bottle of pop.
Omnichannel service involves in store, small order delivery and then weekly shops through Ocado, although Ocado also provide them with in store fulfilment.
A key part of what Ocado are doing with Kroger is using the OSP to optimise delivery routes. As there is a lot more mileage involved due to suburban sprawl.
The CFCs will come. May just have to wait until the Kroger merger which will create an entity on a similar scale to Walmart.
Ocado could easily list on NYSE in the not too distant future. That would really increase the value considering the explosion of ai stocks.
That's the possible bull case re that scenario. Personally I believe a bearish case is more plausible. Elements of the below..
Kroger reassessing their tech plans re Ocado in the light of the failed spokes. That Kroger now plan on building out a smaller Ocado network. Planning to build out their contracted CFCs but little more. Kroger looking at utilising their other online delivery partners more.
Were the losses high because of capacity issues at Ocado Retail or because they threw further large amounts at R&D investment?
You didn't comment on my post yesterday about Kroger potentially pausing CFCs because of competition concerns about creating a grocery automation powerhouse once combined with Albertsons
Shorts are massing for obvious reasons. Lack of significant new contracts. 2 main CFC contracts pausing ordering new CFCs for the foreseeable. Meanwhile losses still high. Overcapacity at Ocado retail crimping profit etc.
As ever though DYOR...
Marshall Wace are hoping Mr Marshall can get his hands on the Telegraph.
That whole thing with Farage and Coutts was them using their GB News channel to short NatWest.
As for BlackRock they seemed to be short on Prism particularly before the private equity bid came in for them.
You have to wonder if shorts are sometimes working with buyers. Or it could just be that they are long Autostore and short here?
Meant to read 'just bets' as are ours.
I think it was Marshall Wace that were using the media 'to explain' there short position on DT. There were plenty of potential negatives with the connections with ARM, the fact so many high level players at DT came from ARM during the period that they are accused of having cooked the books for the sale of the company, there were stories about high pressure selling/churn on contracts (Marshall-Wace co-ordinated strategy?) etc. My point really is that even with Short positions in place, theyáre just best as are ours and they can lose. There is a lot of short interest here however, from multiple smart players so I do find it worrying.
Well the SP over the last month or so looks like they were given heads up.
Not followed for a while, but when I did, they (like OCDO) were at the sharp end of short interest. If those shorts were still in place, there was a lot of money lost on that news.
The same thing happened to Blue Prism (takeover by private equity).
They started out as a pioneer in robotic process automation and were signing up banks and other large corporates.
But then UK fund managers pressured them to get profitable so they cut back drastically on R&D. Meanwhile, a VC backed Romanian company called UI Path had appeared and they kept investing in their solutions. I was researching Prism before the buyout and every thing I saw was a demonstration of how Path were killing their business by signing up their customers with a vastly superior product.
I saw a chart from Everest yesterday of about 20 companies providing AI led document processing. Prism were literally bottom of the list and Path were top ahead of the likes of Microsoft, Google and IBM.
So a really great demonstration of how the attitude of UK fund managers is destructive of value and unsupportive of UK growth companies.
Prism were unlucky in that they didn't have Baillie Gifford behind them, who understand that it takes time and money to build a strong business with a global reach. Ocado is pretty much the only UK growth company in trusts like Scottish Mortgage or Edinburgh Worldwide.
If it weren't for that kind of support it's very unlikely that the overhaul of Ocado's tech would have happened or the ongoing innovations like available to roll out to new and existing customers.
Pretty sure we wouldn't have Chuck for a start!
Hopefully not that's about 0.6%
I would like to hope the price would move lol.
Possibly some of the shorts closing their positions!
They were already up quite a bit this week. Someone knew and was buying them
Yes, they will relist on the NASDAQ I am sure. UK doesn't value tech. It doesn't know HOW to value a company like Ocado.
Been a silent holder over there for ages and watched that one rollercoaster up and down and been as low as £2.50.
Bid this morning agreed for £6.00 in US $ Equivalent, but the market seems to now to be anticipating perhaps a rival Bid.
Ocado for me either relists in the US or at some point soon it succumbs as well.
I should add that the two OTC trades in question pushed yesterday to the highest volume day for nearly five years.
Obviously, regarding 'buy or sell'- one entity bought and another entity sold: the market price was unaffected.
Yes, 29th
Yes I've seen that. I think the Mar 26th announcement was still in the financial calendar a day or two ago and I assumed it was April. It's now been moved to past events. Simple mistake on my part.
Monday, no?
We have the AGM today at 1.30pm , let’s hope they say some very good news !!
I've obviously confused myself somehow. It was main reason that I rushed to close out my remaining positions, I don't like holding for scheduled out of hours news. B ugg er.