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"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
VP
Lets leave it....I shake hands ...nothing personal...
" however you've then called my research shallow and categorically deny having ever doing so. "
"It's pointless discussing when it's obvious the other poster will end things with insults."
VP
I said that the Research article that you provided a link to had a "very shallow sense of analysis" , and yes I denied that I used the word "shallow" in describing THEIR research...which I did in fact use that word ...
So..are you in some way suggesting that making a comment about the research link you provided is in some way an insult to you?
Are you suggesting that you were in some way "hurt" that the link that you provided was in some way not as appreciated and accepted as you wished it would have been ?
Did you translate that "hurt" as being a personal insult ??
In my opinion it looks clear that you are once again deflecting away from having post content scrutinised by using the old chestnut of "being insulted " and the poor idea that " I have discussed many times" .... you avoid things many times, I will give you that ....
Re today's Graundian and the current VCP Scheme:
Ocado said it wanted to replace the scheme [which still has three years to run] because “unprecedented volatility” in its share price had “served to undermine the impact of the VCP scheme to the extent that it is no longer motivating or retentive to many of its participants.”
In other words - the market performance (due to current participant policies and actions) is not going to merit any worthwhile payout within the next three years under the scheme set up two years ago? So, having failed to deliver on realistic targets set two years ago, let’s have a lower bar please or we might leave (and give you a chance to hire someone better).
Any predictions for today's AGM?
There might be some positive news that would push the share price up 5 or 6 per cent?
I have discussed Ocado at length with you previously however you've then called my research shallow and categorically deny having ever doing so.
It's pointless discussing when it's obvious the other poster will end things with insults.
I'm short Ocado and of course that puts me in a minority re this board. It also makes me a target for insults as the share price has slumped. When people apologise I understand however most don't inc yourself.
"Sangijuelas1 I would recommend not engaging VP as he ruins the board with nonsense."
PIW, I see VP shys away from detail in an evasive way, but equally, you present your views as fact and unless you can see into the future, they're not fact and I would prefer personally that you mitigated them in some way to acknowledge that.
" I've discussed the closed spokes issue with Sangi countless times"
I disagree VP
You prefer not to discuss anything VP .
You merely repeat your point of view over and over and take little notice of any other research given to support the view of others ... and you float opinion dressed up as fact and when challenged just ignore it and suggest you don't have time
That is not discussion
IMO
love it, to rehe****, i did previously see 'he ****' taken out by the bot. there's a new one mind.