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Ok, if that makes you happy great. Obviously there's all sorts of likes floating around on linkedin. It means very little imv.
No but things like that are interesting. They show that OIA is attracting attention.
Oh, thats a surefire sign to buy Ocado shares lol
Not my bag thanks.
Funnily enough 2 of their main customers DHL and Johnson & Johnson liked Ocado Intelligent Automation posts on LinkedIn in earlier this week.
Sounds like you should be shorting Autostore. Should be easy money according to your analysis?
I believe that Ocado's closest competitor is fairly relevant.
Especially with their £4bn valuation on falling sales and no guidance for 2024.
I'm sure there's an Autostore board out there somewhere for you to address your concerns. Best we stay on topic re this board...
Well Ocado Solutions grew 44% with 15-20% growth projected for 2024.
Why is Autostore revenue down if sales are there to be made,,? And they won't even offer any guidance for 2024.
Sad for those that hold that stock yes. Ocado share price drops and current performance is similarly sad for holders.
Sad that they reported a revenue drop of 7% YoY the other day.
That belief is already priced in re Autostore. Happy with focussing on the Ocado short currently. More value there imo.
So you will be buying Auto store stock then?
Every chance Autostore tech is rolled out further by Amazon.
As to the rumoured bid. I'd take all that with more than a pinch of salt. Many vested interests at work manufacturing supposed bid interest in order to capitalise on the associated market movements.
Https://www.thegrocer.co.uk/ocado/why-would-amazon-want-to-buy-ocado/680734.article#:~:text=While%20optimised%20for%20picking%20groceries,major%20ambitions%20in%20online%20grocery.
Goldman Sachs and JPM mentioned here.
As well as the tech Amazon would value the data very highly as most of their consumers are fairly affluent.
The Times report at the time mentioned 2 investment banks assisting with preparing a bid .
They are not partnered with Autostore. They are testing Autostore tech at a site in New York.
Maybe they will want to test the Ocado system as well?
"I think the Amazon bid was sounded out and rejected."
Pure guesswork...
Amazon already partner with Autostore amongst others. They are marching ahead with other solutions.
I don't think any of the major shareholders are looking to sell for the next few years.
I think the Amazon bid was sounded out and rejected.
Furthermore, if the takeover or US listing ever happens, the Ocado retail will be very profitable as the cost of investment on robotic arm is mitigated and/or capitalised into balance sheet resulting in less overheads on the retail side of business. This will definitely increase market share as goods become cheaper as we have already seen in the last two quarters. Other supermarkets may struggle to compete with Ocado as they continue to absorb higher costs of labour.
For the last 2-3 years grocers have had bumper profits from being able to use general inflation as cover for increasing prices.
So less need to address their operations to reduce costs. But these profits will need to be sustained as inflation comes down so I believe the CFC slowdown is likely to reverse in the next couple of years.
Sometimes circumstances mean a good solution is overlooked for a period of time. It doesn't mean the solution is not good. It could be that all the recent investment bears fruit over the next few years.
Absolutely! The tech is there and is proven to cut costs and increase efficiency. The effectiveness lies in scaling which can be done if the likes of Amazon or Kroger can acquire the AI robotic arm of Ocado or in full. We are not far I believe.
Interesting piece on how ocado is using AI. Only a matter of time before it is snapped up by the likes of Amazon https://www.google.com/amp/s/www.bbc.com/news/business-68639533.amp
It's not true that shorts only close at the end of the day.
Autostore news was released during the day and they were piling out then. There was also a spike of about 10p the very moment Ocado tweeted about opening the Auchan Poland operation, which suggests to me an automated spike on the news that was then overridden by a human as the news was not significant.
350p or lower, gap must closed but downtrend still intact. Suspect will test 335p and go lower.
Dark is a company that continue to sign contracts. Ocdo new contracts has subsided and debts £1.4 bln looming. No body will put any bid on this stock. Get out of this spike to £4. Last chance before shorters takes this to penny stocks. Just look at ASOS and Capita.
Shorters closes position on negotiated SP recorded only after hours. So prices is keep down for profit. This SP is getting cheaper since this company badly run.
Would be interested in any thoughts on GROW charts. That regularly seems saws up and down. Can be a traders dream.
Up over 5% today to 250 for no apparent reason. Was at 218 last week again for no apparent reason.
It looks like a US listing is very possible later this year. Could easily see this at around 475/500 by the end of the summer.