Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Surely M&S would want to resolve the issue now given that Ocado is storming the online grocery market over the last 2 quarters...
The figures from Kantar reflect what I have been saying on this board for around 2 years - Ocado can undercut the rest on deliveries as they don't have to pay staff to stack and sort the food items - robots did not require inflationary pay rises last time I checked - why would you want to receive food from Asda, Tesco etc when you can have the food from Marks and Spencer for around the same price ? - follow the money
gla dyor etc.
Grocery inflation down for 14th straight month
Ocado is UK's fastest growing grocer
Tesco and Sainsbury's gain market share
Asda sales fall, loses market share
LONDON, April 23 (Reuters) - UK grocery price inflation fell for the 14th month in a row in April, partly driven by an
increase in supermarkets' promotional activity, industry data showed on Tuesday.
Market researcher Kantar said annual grocery price inflation was 3.2% in the four weeks to April 14, versus 4.5% in the
previous four week period.
Kantar said items bought on offer made up 29.3% of supermarket sales – the highest level outside of Christmas since
June 2021.
"This emphasis on offers, coupled with falling prices in some categories like toilet tissues, butter and milk, has helped
to bring the rate of grocery inflation down for shoppers at the till," Fraser McKevitt, head of retail and consumer insight at
Worldpanel by Kantar, said.
Official UK data published last week showed overall inflation fell to 3.2% in March, driven by a slowdown in food
inflation to 4%.
Kantar said online player Ocado was again the fastest growing grocer in the 12 weeks to April 14, with a 12.5%
growth in sales.
Market leader Tesco and No. 2 Sainsbury's saw sales growth of 5.9% and 6.8% respectively, both gaining
market share year-on-year.
Discounters Lidl and Aldi saw sales growth of 9.1% and 2.8% respectively, though the market share of Aldi edged lower.
No. 3 player Asda was again the laggard, with sales down 0.4% and its market share down 60 basis points - an outcome that
contrasted with the upbeat tone of its 2023 results published on
Monday.
Kantar also noted total online grocery sales reached a share of 12.0% for the first time since July 2022.
Not even sure Boyo, lot's of stuff jumped and much of it was unrelated to the supermarket space.
Apologies. Wrong link.
https://www.bbc.co.uk/news/av/business-68682920
And another...
https://www.bbc.co.uk/news/business-68639533
The sharp rise early Monday morning seems to have been linked to Jefferies’ rerating of M&S , for which it has a 310p price target. Jefferies said it ‘thinks the company is now a far stronger business than was historically the case built on an expansion of the food offer which is clearly resonating strongly,"
( https://invst.ly/14hsmi 15’ chart of M&S with OCDO red line)
Article at:
https://www.sharecast.com/news/broker-recommendations/jefferies-upgrades-ms-next-and-sainsburys-to-buy--16635692.html
Yes Boyo, still some jiggery to go, before take-off
The first hour can often be a bit crazy - especially on a Monday. But ultimately the day wasn't too bad - shame the gap didn't fill but hopefully that technicality will get sorted quickly tomorrow and OCDO will head for 365+ again. https://invst.ly/14hpjz
That, right there sounds like wishful thinking PIW.
The short action recently is actually a positive in trying to comprehend the SP trend last week.
Monday 15th April - 0.12%
Tuesday 16th April - 0.16%
Friday 19th April - 0.10%
https://www.shorttracker.co.uk/company/GB00B3MBS747/
Mcap of £3bnish means 0.10% is circa £3M......this is not sustainable by the shorts and the SP was very robust last week against that backdrop with no news flow. There could potentially have been another circa 0.10% acquired today to try to curb the SP upwards....we will find out tomorrow afternoon.
But be in no doubt this is not sustainable by the shorts and is good news in the long run. GLA.
Noticed that also Yorek. Nice one.
Thanks for responding Retireguy - that clarifies an important point of context in your comments because it seems you aren’t criticising OCDO’s technology (the robotic hardware and software controlling it) so much as the need for it and/or the way it is applied. Those are two very different things. For example, you can have the best ‘state of the art’ robotic system but if it is unsuitable for the task and employed ineffectively then it doesn’t make sense business-wise - which I’m gathering is your main point.
The Netsuite link you provided primarily relates to management system effectiveness not robotics. So, as you didn’t point to a technically better robotic alternative to OCDO I assume that you don’t consider any existing robotics particularly effective in a warehouse application? If I’ve got that wrong then I’d obviously be interested in what robotic supplier you feel delivers a more efficient and effective automated warehouse system and which bits of the OCDO system you are classifying as ‘old tech’ (the operating system, control system or hardware).
Regarding grid based systems: I'm unaware of any system that would not use three dimensional coordinates (a grid) to locate a target within a given storage space. Drones are apparently used in some places for the fairly simple task of inventory monitoring but are not yet, as I understand it, used for picking and lifting large volumes within an enclosed warehouse. I guess this would present some significant additional challenges that have yet to be addressed to function at scale. But I stand to be corrected on that point. ATB
That's very good news for Ocado given that Rick is set to leave Ocado next year but is still buying shares implying his confidence in the future of Ocado.
Small beer Yorick, I sold almost twice that that at 370-371 and had it worked more would have gone higher up.
Looks like the Chairman has bought circa £100k of shares…..27,320 shares at almost £3.658
Sorry, wrong board with that one
Be interesting to see what buybacks do to the SP. Worth considering that HBR didn't rise in response.
I think we'll see 350 or below on this pullback. Fingers crossed the rumour mill is spewing positive messages at that point. But we'll soon find out whether the price has found a bottom or not.
Big coincidence rumour mill starts up again at 342 support
if true (unlikely) ....would be best thing for this share, because it is hated in the UK
PI_Winner,
Is what I've said false?
"factually pointing out that Ocados Solutions 2 main partnerships have halted commissioning new CFCs for extended periods"
The holders are those who have been squeezed over the last 2 years not the shorts..
Sangijuelas1 good call out of VP.
I would recommend not engaging VP as his shorting actions are clear....he is being disingenuous and it is groundhog day every day with his posts.
Ultimately he will get squeezed, news and Facts will do that....but watch as he gets more desperate and continually repeats without understanding nothing on this BB moves the SP in any way shape or form.
Ultimately this board should be used to support the limited number of PI's on here with their decision making.
No complaints. I'm just factually pointing out that Ocados Solutions 2 main partnerships have halted commissioning new CFCs for extended periods. It's a major current red flag imo.
Many will ignore the issue though...
You are complaining because one part of Ocado Group is not earning revenue from another part of Ocado group?