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660p fill your boots
Odd that the target has been reduced to 400p by one broker and yet the next day Deutsche Bank initiated cover as a buy with a target of 660p. One of them must be right.
Thanks Sangi. That's reassuring.
It's hard to say what D1's targets/objectives are/were. In theory I guess they increased their shorts at around 370 on Tuesday - so job done potentially given yesterday's UT price at 25p lower . We have to wait for the afternoon and closing UT to see the full day's cycle, but so far there hasn't been much of a drive down to 342. Bit of a yawn really, especially as lonlon had convinced me it was going to hit 335 (LoL). MKS doing very nicely since October, I doubt they'll have too many complaints about the JV, especially if they agreed or requested the revised contract changes and, in doing so, get out of the final payment. https://invst.ly/14s38v
I really wouldn't worry about D1. They are short Ocado because they are long Instacart.
They funded Instacart at a valuation of 39bn dollars in 2021 only to see it list publicly for about 8bn. The round was funded by D1 at that valuation even after existing investors Sequoia Capital and Andreesen Horowitz had declined.
Instacart is not a serious company. See their latest quarterly report presented as a letter to shareholders.
When you get to the actual trading figures after wading through jokes from the CEO and all the things they are going to do in the future you can see an annual increase in revenue of 8%.
If I could be bothered I would short them.
Just logged into getir looks like app is not working anymore Great news for ocado
That would be a big step forward PIW, fingers crossed on that front. Although the increase in shorts by D1 suggests they don't think anything good is going to be announced.
Looking forward to the M&S results on the 22nd May (10 working days). I am hoping there is an amicable agreement to the final rebate payment to Ocado.....it has all gone very quiet from the start of the year. GLA
Visit to 342p again..needs to hold else can be nasty
It's a short selling panic....
A potentially positive appointment to the Board of Gavin Patterson as an Independent Non Exec.
Lonlonuk
You have no idea what the CEO is doing and you have no clue at all how the Ocdo is run and you absolutely don’t know a thing re Ceo bonus.
You’re just a fool
Damn that was hard to read! Copy and paste it into Chatgpt before posting here to make it more legible.
I agree that Ocado appears to be free money right now for anyone shorting it. The downward trend seems entirely predictable. Second most shorted stock on the FTSE!
The 15 million is dependent on criteria he's unlikely to meet, at least this year.
I don't think ditching M&S or the retail arm is the best move, they do need better promotion of it though.
I see D1Capital upped their short stake yesterday and are now at 1.92%.
I wonder who was mopping up in tonight’s below market price auction?
So far, this year’s first attack on 342 inflicted more damage than #2, with much higher volumes involved early on than in last year’s single attempt: https://invst.ly/14rifb . The volumes had been tapering off, apart from last Thursday's kick. However D1 are obviously keen to give it another go and three attempts seems fair enough - although it usually only needs two. If the third doesn’t succeed it’ll start to look like flogging a dead horse. I guess if you happen to be a short looking to close out an increased position from a rival can be something of a gift.
This is better than watching the snooker, especially for those who are ready to make the best of either outcome.
Ceo Stiener must break Ocado retail stigma to list in US. The deal with M&S is a major blocker. Ocado must split up, sell or let go of this blocker. Focus on technology and gain a US venture capitalist backer.
To split up, Steiner has no fund backer in UK, and his track record of burning cash with foolish over capacity warehouse precede him. Spliting stock to compensate investors by ditching retail needs £££ upfront. I reckon he bejng useless & shareholders allow him bonus £15 mln , is bad news. He is not the type that can convince US venture capitalist. The faster he shed M&S tight up sinking stone, the better the chance of renewed life in technology.
On US market, this can temporary propel the sp up easily. Nonetheless, investors are stuck with this useless CEO, usually much adored by shorts.
I see he has no much option at hand. Either start looking to ditch M&S, look for backers $$$ for US listing or bailed out as ceo a year or two with cash flow issues inevitable (if stay status quo)and enjoy his bonus. At this point, it is penny stock status. FTSE 100 relegation inevitable, shorters bonus as fund managers shun relegation.
Well, like I said, it’s when the big boys play that you need to take notice and tonight’s UT took the price down by another 3.7p. Volume was ramping up towards the end https://invst.ly/14rgoe but the auction dwarfed the 15’ daytime segments by over a million.
And, to put today’s after market in context, let’s widen the view to include last Thursday’s: https://invst.ly/14rgr9
More fun tomorrow!
Downtrend continuation to reach new lows this year.
Await 320 p to buy in again.
Tough time ahead for this sp.
Majority days make ££ by shorting that buying for rise, as each rise is merely pump & dump tactic. More one sided swing towards downtrend still intact. Once break 335p will accelerate down trend again.
If Stiener call for fund raising, this will sink below £2 easily.
Just back through the door and a limit buy triggered just under 348. I'd probably have cancelled and waited if I'd remembered that one!!
Yeah shorter are playing this one well at the moment and the usual suspects on here are active again posting their negativity, mostly utter nonsense ( not they are going to have any influence on a share this size )
It will turn though, at some point !
I agree Boyo a very interesting week to come. This has been pushed down below 350p on pretty low volume, I could imagine a few stop losses could have been activated and it will have got rid of a few panicky sellers.
In the short term I’m not too sure which way this is going to go, I’m very much thinking of the bigger picture and at these levels it’s a bargain.
Yep. It was bound to get entertaining. Still, the kids play during market hours mostly - very low volumes can tilt the price sharply. It's when the big boys play it gets really interesting. There's clearly some effort to knock it down from 358 and it also looks like a lot of sellers below 350 may have been hoovered up. It could be a fun week. It's a total game, fundamentals are out of the window for now I think. I shouldn't think D1Capital are set to walk away soon.
Logical that the sell off continues. More profit for the shorts, rightly so. Capital raise not as far off as most think imo..
You bet against this company at your peril, shorts are looking high once more so I've invested back in to catch the burn.....
This is heading sub 300p.
350p , to retest 335p and break further down to sub 300p.
No good news at all from this subpar management company. Only hope is a cheap takeover of someone would consider buying debt laden company or relisting to US to be like Trump DJT to fool investors . Once refinancing debt and cash flow becomes an issue, this is heading to penny stock status in a year or two.
Looks bleak with this subpar CEO Steiner. Burning cash and piling debts.