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Ocado reaches the 2100's for the first time in a while.
The market is just starting to fall. Ocado has a support at 2,150.
Looking to be a turbulent day today - Asia is well down - look for the low today and buy for the long term - SP valuation looks about right now.
Spx, Tesla, Bitcoin all down.
Vix 20%+ up.
I suspect we'll see downward pressure for weeks in the UK and US markets.
Another big sell off in the states ! Bound to spill over to UK and Asian markets tonight and morning
Pursestrings
As a long term Ocado shareholder I am very happy with my 550%+ share price return over 4 years. It is more of this share price growth that shareholders are looking for. No need for dividends over the next few years. Ocado has proved they can reinvest funds very successfully within their business.
Don't be such a baby Neil, if you constantly post on here criticising people, expect a bit of flak. I've had a couple of responses to you removed, I suspect it was you crying to the moderators.
I would expect that on receipt of overseas revenues, shareholders will be expecting a percentage as dividends to commence, as a reward for loyalty. This will stabilise the SP for the future. Likewise I believe M&S are considering reinstating there divi at the end of the year.
Edwin I understand what you are saying and indeed I thought it strange Ocado so low down, as I personally am satisfied with my Ocado deliveries every week.
Which? Have however widely circulated this article and it’s bound to raise many discussions.
Perhaps when Ocado is better known across more demographics by opening considerably more CFC’s geographically things can improve?
Important that Ocado home market is secure and successful and show this as a best practice to the rest of the World.
Thanks for the info about 3,037 shoppers, Neil.
It worths pointing out that these shoppers do not use all the online services. How can we tell a grape is sweet or not if we do not eat it? Hence, the survey results cannot rank the online services.
This is the same story regarding National Student Survey Results about student satisfaction rates at their universities. The results are based on 310,000 students from 396 universities. Cambridge and Oxford are not in the Top 100 list. Imperial ranked 97th, Manchester ranked 102nd, UCL ranked 114th, Edinburgh ranked 136.
The top 10 universities are:
1 Brighton and Sussex Medical School 96.43
2 University of St Andrews 92.73
3 Conservatoire for Dance and Drama 92.31
4 Writtle University College 91.77
5 University of Law 90.73
6 Stranmillis University College 90.72
7 Harper Adams University 90.41
8 Robert Gordon University 89.96
9 Aberystwyth University 89.87
10 Guildhall School of Music and Drama 89.78
You are on warning Gioviano55020. Possibly legal action, I am consulting with my lawyer.
Far higher than the 1000 you quote Edwin;
In October last year, Which? asked 3,037 shoppers over the length and breadth of the country, finding out what was the country's best loved place to shop.
I don't think that the survey results are based on a large survey pool (say 1000 people), who used all the online services. To be fair, I don't think their survey pool is large enough, to tell the truth.
Personally, I use Ocado once per week for groceries (meat, vegetables, and fruits) and Asda once per month for toilet rolls, washing liquids, and laundry stuff.
So I am able to score both Ocado and Asda online services. Ocado does a better job than Asda.
I did not use other online services, so I could not score them.
Ocado is 90% a supermarket delivery service atm, that’s where the majority of its revenue comes from and ebitda! Or UK JV
Markets are however about the future and pricing this into an equities market cap! It’s about the future EPS, and as Ocado group finally uses its technology around the world and wins contracts the SP will reflect this.
The issue is the significance of the new court cases in US and UK covering its ownership of its technology-so you can see why the financial institutions are more than a little concerned!
I believe in Ai solutions to reduce retail operational costs! Of course I do! But this equity is too volatile and connected to tech market, if Tesla wobbles 1000’s of equities are impacted! Too much for me!
Ocado is more about tech not retailer. do not fud please. Ocado have solution and is worlwide. this obly year 7 new CFC`s coming, soon for Kroger in USA. For Kroger will be 20 CFC, Aeon in Japan,
ocado is huge tech company.
price will go up
buy or regret later
Out of that list, Sainsbury's Online finished top, with a customer satisfaction score of 71 per cent.
Here are the country's online supermarkets ranked from best to worst:
Sainsbury's Online (71 per cent)
Amazon Fresh (69 per cent)
Iceland (69 per cent)
Tesco (68 per cent)
Morrisons (64 per cent)
Ocado (64 per cent)
Waitrose (64 per cent)
Asda (63 per cent)
Which? Results show Ocado quite low on the service ranking, I am quite surprised by this as I’m always pleased with my delivery!
https://www.essexlive.news/news/essex-news/which-best-supermarket-2021-aldi-5029922
The dishwashing period is such a pain in the ass but a good chance to buy in the dip.
Topped up a bit.
I will still hold due to my faith in Ocado.
Simply a waiting game. Countless waves such as the current one have occured. Ocado is such a volatile stock. Weak holders can easily be knocked out as they sell on the dips.
Ocado has the best online grocery technology in a market that is red hot. Ocado has a tried, tested, profitable solution. Many still say online grocery is a fad. We will see when the dust settles again..
The party is far from over for Ocado. As before, big gains for the patient holders lie ahead...
Better off investing in M&S and Ocado.
Ocado is falling back a bit at the moment as sentiment cools after the pandemic but M&S is doing just the opposite so taken together portfolio valuation is holding up well.
In the long term both will power ahead as a result of the Ocado Retail partnership and both companies winning strategies - win win.
except for the fact that most of us who are invested in both have made tens of thousands more from ocado than they have from M&S .......well i certainly have ....just saying
Better off investing in M&S
Boris seems to think tech and science for the uk is the way forward... according to tonight’s broadcast... what happens when we get the next nasty bug? Online grocery infrastructure is here to stay and as soon as shops open and all the people who have been queuing to get an Ocado delivery pre- Covid for lifestyle reasons will finally get the chance to fill any gaps that coved only customers free up. Ocado partners (real life grocery behemoths that know what they are doing) who are building more and more sites will still be paying Ocado to run the tech. Yes the city investors are looking to get a quicker buck from the commoditiesetc now, but the valuation of Ocado is undervalued by the analysts... I’m definitely ho
Neil,
Thanks for your sympathy but it's not necessary, I'm still well in profit with OCDO, having ignored your advice to sell when it was £20.
Neil I agree with you, I cannot see any new contracts in the near to mid term.
Regarding share price growth I see funds moving away from the Tech sector and into commodities as we see an increase into renewables and green tech, copper and nicol are examples of prices increasing. There are predictions of a so called Super Cycle starting in 2021 for this sector.
Ocado has a future but the lawsuit is also big issue short term.
I truly sympathise with those who paid little attention to my cautious narrative since Ocado hit £29.
Never pays to be loyal to any equity, eyes and brain should always be wide open to differing views.
New contracts can’t be signed by any sensible company, even the lightest touch due diligence would throw up red lights.
Of course you calcium’s average your price down and increase your risk but the bottom is not in sight because the drip drip strategy from the UK government to unlocking will negatively reduce SP for those companies who were beneficiaries of covid.
I agree that not all online will go back to bricks, however online fatigue has undoubtedly kicked in and people will use shopping to get fitter and lose some weight!
I held shares in Ocado from day one and sold around £5 but iv since bought and sold the equity on its waves, but I can’t now because of the court cases challenging its ownership of its core assets.
There are several serious cautions here! But good luck to you all and indeed the company, I hope it gets through this difficult time.
Drip drip I guess until August 2022.
Always found most so-called Christians to be two-faced