Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think it was Marshall Wace that were using the media 'to explain' there short position on DT. There were plenty of potential negatives with the connections with ARM, the fact so many high level players at DT came from ARM during the period that they are accused of having cooked the books for the sale of the company, there were stories about high pressure selling/churn on contracts (Marshall-Wace co-ordinated strategy?) etc. My point really is that even with Short positions in place, theyáre just best as are ours and they can lose. There is a lot of short interest here however, from multiple smart players so I do find it worrying.
Well the SP over the last month or so looks like they were given heads up.
Not followed for a while, but when I did, they (like OCDO) were at the sharp end of short interest. If those shorts were still in place, there was a lot of money lost on that news.
The same thing happened to Blue Prism (takeover by private equity).
They started out as a pioneer in robotic process automation and were signing up banks and other large corporates.
But then UK fund managers pressured them to get profitable so they cut back drastically on R&D. Meanwhile, a VC backed Romanian company called UI Path had appeared and they kept investing in their solutions. I was researching Prism before the buyout and every thing I saw was a demonstration of how Path were killing their business by signing up their customers with a vastly superior product.
I saw a chart from Everest yesterday of about 20 companies providing AI led document processing. Prism were literally bottom of the list and Path were top ahead of the likes of Microsoft, Google and IBM.
So a really great demonstration of how the attitude of UK fund managers is destructive of value and unsupportive of UK growth companies.
Prism were unlucky in that they didn't have Baillie Gifford behind them, who understand that it takes time and money to build a strong business with a global reach. Ocado is pretty much the only UK growth company in trusts like Scottish Mortgage or Edinburgh Worldwide.
If it weren't for that kind of support it's very unlikely that the overhaul of Ocado's tech would have happened or the ongoing innovations like available to roll out to new and existing customers.
Pretty sure we wouldn't have Chuck for a start!
Hopefully not that's about 0.6%
I would like to hope the price would move lol.
Possibly some of the shorts closing their positions!
They were already up quite a bit this week. Someone knew and was buying them
Yes, they will relist on the NASDAQ I am sure. UK doesn't value tech. It doesn't know HOW to value a company like Ocado.
Been a silent holder over there for ages and watched that one rollercoaster up and down and been as low as £2.50.
Bid this morning agreed for £6.00 in US $ Equivalent, but the market seems to now to be anticipating perhaps a rival Bid.
Ocado for me either relists in the US or at some point soon it succumbs as well.
I should add that the two OTC trades in question pushed yesterday to the highest volume day for nearly five years.
Obviously, regarding 'buy or sell'- one entity bought and another entity sold: the market price was unaffected.
Yes, 29th
Yes I've seen that. I think the Mar 26th announcement was still in the financial calendar a day or two ago and I assumed it was April. It's now been moved to past events. Simple mistake on my part.
Monday, no?
We have the AGM today at 1.30pm , let’s hope they say some very good news !!
I've obviously confused myself somehow. It was main reason that I rushed to close out my remaining positions, I don't like holding for scheduled out of hours news. B ugg er.
Straws and clutching come to mind
Brilliant results for Google & Microsoft on AI front.
The Ocado Smart Platform (OSP) harnesses the power of artificial intelligence, robotics and automation to solve the unique demands of online grocery.
No reporting RNSs are due today from Ocado
OK sorry, I was expecting an RNS this morning but can't see anything?
That reports from 26 March..... Old news...
Looks very positive to me although they state it as in-line
You can read it here. Maybe someone better at understanding this type of stuff might give their view
https://www.ocadogroup.com/investors/reports-and-presentations/
Marked as a past event on the ocado site, but I can't find it on the london stock exchange or on this site. Bit weird? Am I missing something?
Treacle24 asked on another thread: Two £19 million trades have shown up late - are they buys or sells - views?
Well the two are listed as having occurred at 12.55.04 and 12.52.34 (ie over 4 hours earlier) respectively on 25thApril with a volume of 5,222,424 each at a price of 362.8 (unknown buy or sell but above the UT).
They appear as part of a single after hours entry in this 15 minute chart: https://invst.ly/14k2md which shows the last couple of weeks with volume scale at the bottom of the screen so that you can see the relative scale compared to normal volumes over the period..
Can't start a new subject for some reason - but two £19 million trades have shown up late - are they buys or sells - views?