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Started: Boyobach, 21 Jun 2024 08:53
Last post: Phoenixy, 21 Jun 2024 23:09
I am assuming the shorts were added after the Sobey's news broke out resulting in a sharp drop thereafter. Though the short % has increased, it does not necessarily mean that significant drops will happen. That's my view!
Shorts increasing as further cracks appear in demand for Ocados tech. It's the continuation of a trend that's been ongoing for more than a year. The trend will play out further imo. More falls to come.
Oh dear...
https://shorttracker.co.uk/company/GB00B3MBS747/
🦅 - that's an eagle, but just pretend it's a vulture ;o)
Agreed, a buying opportunity indeed. Market has overreaction - which will stabilise soon and move upwards towards results.
I still believe that yesterday was a great buying opportunity and we still have some time today , Yesterdays panic was overdone to say the least as there was no real bad news !! This will jump up on the way and could be a takeover target as well as listing in the US who will see this as a tech stock and not a grocery stock as the UK sees it , This will be £10 I think within a year if not taken over , you just need one good update and it will start to fly , we have seen it touch £10 last year just on a Amazon buyout rumour !!
Started: Smokinjoe03, 21 Jun 2024 22:03
Last post: Smokinjoe03, 21 Jun 2024 22:03
I've a feeling, Steiner has something up his sleeve after this chaotic week!
Started: Corryvreckan1, 21 Jun 2024 16:15
Last post: Corryvreckan1, 21 Jun 2024 16:15
Further to the discussions about the huge UT at the end of May, just a reminder that today is a 'Triple Witching' day so don't be surprised if there is another large UT and after hours trades again today. Not just here but many other shares as well, although the situation here is likely more obscured due to yesterday's announcement. Just getting that in so you don't need to post Wow, Huge, Crazy, It must be shorts closing, It's going to rocket Monday, type comments later. Perfectly normal market dynamics and should not, in itself, have much of an impact. Possibly :/
Started: Maximillian, 21 Jun 2024 09:15
Last post: Maximillian, 21 Jun 2024 09:15
I'm long from the technical triple ( almost quadruple ) bottom at 335, added at 355 and that's my lot. 1 year plan initially. Not phased by yesterday's over emotional panic selling, a lot of stop losses being triggered would have contributed to the drop below 300 IMO. Fastest growing supermarket, market leading tech. Ground breaking tech companies rarely go bust, worse case scenario they get taken over by a bigger fish after the tech. It's a highly speculative stock so there will be swings either way as there historically has been with it.
Started: Sangijuelas1, 20 Jun 2024 16:52
Last post: GGEKOTRADER, 21 Jun 2024 08:24
Just bounce to 353
Did say this would bounce :)
"...if this goal is missed then Steiner would be set to receive up to 600% of his base salary, or almost £5m."
And this is the problem. Steiner will still be handsomely rewarded even if the share price is just 50p by that time.
I am surprised most shareholders approved this. However, I do know that in the event that Ocado goes bust and shareholders lose everything, they will really turn against Steiner. He will be the prime scapegoat and I wouldn't be surprised if legal action is taken against him over his gigantic pay packages over the years. Even if, at the time, shareholders had no objections to all this.
Kroger results "Were out today. They said delivery sales up by 17% led by CFCs."
Kroger own 5% of Ocado group through their direct shareholding. Of course they are going to talk favourably about Ocado. What to look for is their actions as they speak far louder than corporate words. They have paused commissioning new Ocado CFCs for over a year and have closed several Ocado spokes recently.
Again today the attraction of Ocados tech to other prospective international grocer partners is hit by an existing partner pausing expansion.
Lack of new partners and existing partners cutting back creates huge issues for Ocado as their tech development costs grow and their existing cash pile shrinks.
I remain short expecting further falls.
Started: chumba, 20 Jun 2024 15:57
Last post: QANTAS, 20 Jun 2024 21:09
Ocado’s late delivery - https://on.ft.com/3VyOGNh via @FT
15:41:16 304.50 36,012 Buy* 304.10 304.50 109.66k
Started: SJN1, 20 Jun 2024 14:12
Last post: mapper99, 20 Jun 2024 15:44
Good Link Pokerchips from Sobey. This drop is way overdone. But given Black Rock has started to reduce (and their breakeven was 250 by my estimation) I take that as a signal to others to reduce. Today is a bonus for other shorts to take advantage, so I expect a number of them will reduce here. We will see in 2 day (Monday).
The phrases I liked in the Sobey report was
"Voilà experienced a sales increase of 23.5% compared to the same quarter in the prior year"
and
" ending its mutual exclusivity agreement with Ocado subsequent to the year ended May 4, 2024, slightly before it was originally estimated to end."
Not exactly abandoning the ship IMO. And given the results from Kroger equally positive about digital sales and the Kantar reports of Ocado Retail out performing other retailers yet again, this drop was orchestrated to allow an out for some shorts.
All IMO
SJN1
I suspect the share price fall today has has been added by the comment Sobey made which I quoted in post 15:14pm,
SJN1
I dont know, but the selling will almost be over by now.....you have to remember that as a company falls down the FT100 then the weighting over holding tends to fall anyway ....so.... by the time OCADO had even hit the bottom 5 say, the weighting of trackers buying the shares would have been fairly low anyway
Hi Poker. When a company gets demoted how does one find all the associated trackers that will no longer be selling, depressing the price? Many thanks in advance
" Careful, gets booted from FTSE100 Monday"
Irrelevant really,... that has already been announced .... moves into FTSE 250 Trackers
It is always about the Investment bank traders,shorters and general news really
Started: PMC2022, 20 Jun 2024 13:35
Last post: HKTrader, 20 Jun 2024 14:31
Dead cat bounce... and now the falling knife? Is it possible now to catch it?
Where will this land - Ocado on a death spiral. I hate to say it but VP called it right :(
Dead cat bounce over and back to reality.
All these contracts seem to be falling apart at the seams.
M&S update should be next and I am not hopeful for Ocado on that.
Then come back and revisit FY24 guidance.
Good work PMC, too risky for me. I still think we'll fall further. Possibly to the 235-240 level now. No-one can see into the future though.
97% of people lose money trading like this over the longer term. I take it you're in the 3% club.
@pmc thumbs up
Last post: msuk.int, 20 Jun 2024 14:29
For sure ...defo
It's an overreaction as per the market's typical behavior - augmented by bots / algos.
Funds will likely re-balance over the next week or so, so it will be choppy.
Probably still a momentum trade to be had today but not for the feint of heart (me).
DYOR/GLA
I suspect the market will hunt for 280 ish again at sm point
Started: SJN1, 20 Jun 2024 14:00
Last post: SJN1, 20 Jun 2024 14:00
Given there’s no change to guidance which basically means they were ahead before
Started: Mmmbear, 20 Jun 2024 13:31
Last post: Valueplay, 20 Jun 2024 13:40
There are many other nimble automated grocery solutions available. Grocers are shunning Ocados central model of building large centralised CFCs for quicker, more cost effective solutions.
Did they indicate anywhere why commissioning of the new site has been paused?
Started: Valueplay, 20 Jun 2024 11:44
Last post: oilheadgame, 20 Jun 2024 13:30
Cashed out all my buys from less than 300p
thank you.god know where US will see this!!!
it is the bouce i was hoping and more it has given me!
They really need to do the same with Kroger, can't be waiting around forever.
At least they broke the exclusivity deal. They now need to snap up another Canadian partner ASAP
The writing has been on the wall re Ocado for so long. Even key partners have been pausing building CFCs. Today's news is little surprise. So many private investors have been ignoring the reality of Ocados tech being shunned and have been blindly hoping for huge further new contracts.
Both parties have agreed to it - and it could turn out to be good news for Ocado in the long run.
Last post: ATrades, 20 Jun 2024 13:16
Had to grab some of this 10k’s worth , easy 5 percent I reckon
**typo...previous low.. definitely not precious low
Jesus it may hit it 3.09
I'm ready for 3
Does anyone think big institutions or banks who hold here have to sell after this news??
Surely it can't all be PIs as no one will be in for less than 3.30p was the precious low
Also does anyone think when they actually drop out of the ftse 100.. i think 1st July they will drop again just through the actual drop being seen in black and white
I'd even give her a kiss but her stubble puts me off!!
Wow 3 15p if it does hit 3p j will take a 10k position
* MIL
Started: HereKittyKitty, 20 Jun 2024 13:16
Last post: HereKittyKitty, 20 Jun 2024 13:16
295 thank you 🥳
Started: SuccesstotheBrave, 20 Jun 2024 12:25
Last post: Knowbodyyouknow, 20 Jun 2024 12:59
Might be a day or so for judgement as to whether that is the right entry point. Long-term however it's a great price in my opinion.
Placed an order, it has now gone through @297
Just tried to buy some on HL, cannot buy ATM, trade suspended
Trading halted on T212.
Shizz show for sure. London / FTSE is literally broken
Can we blame it all on the Tories?
When's the mid term though. Another bloody 10 years lol. They'll make about 3 million net profit in 2030 and be patting themselves on the back about what a fantastic job they've done.
Started: ItsYourGo, 20 Jun 2024 12:59
Last post: ItsYourGo, 20 Jun 2024 12:59
Ocado Group's dispute with M&S over their retail joint venture highlights perfectly well why the company could be heading for the rocks.
Robots might be efficient, but they are inflexible. You can't lay off a robot. And that's the problem.
Development and installation is expensive, so customers have to make a commitment.
But what happens when the market changes, as it did for Ocado Retail, and you find you have too many bots zooming around your grid. Tough. Unlike human robots, you can't give them the sack.
So Ocado Group's decision to go public with their dispute is a great big reminder to everyone why installing expensive and inflexible robots is perhaps not the future of online grocery after all.
To make matters worse, Ocado Group is trying to lower the targets that trigger the final payment from M&S. The argument being that Covid was an exceptional event that render the original targets null and void.
But was it Covid, the exceptional event, that made Ocado Retail miss the targets, or simply excess capacity from mis-forecasting future demand. If it's the latter, then it's difficult to see how Ocado Group could possibly win a legal fight.
That makes the decision to go public seem even more foolish.
Started: Johncooper, 20 Jun 2024 12:55
Last post: Johncooper, 20 Jun 2024 12:55
It’s a great buy at these prices as we will
Not see them again , your chance today to buy at these lows , whoever has been waiting , nothing much has changed this news doesn’t make much difference , it’s still a strong growing company with strong turnover !!
Started: msuk.int, 20 Jun 2024 12:43
Last post: Toffeeman1975, 20 Jun 2024 12:50
nose dived. f**king ****hole of a company
Lower lows on the 15min
Started: Smokinjoe03, 20 Jun 2024 12:38
Last post: scooter786, 20 Jun 2024 12:43
How low can it go ? Falling knife ??
Especially as guidance is still the same 🤣
Take the gifts the casino London exchange gives you 😁
15% is a bit strong for a differed CFC in Canada, this will bounce of £3 I belive
Started: TheRiflemans, 20 Jun 2024 12:23
Last post: TheRiflemans, 20 Jun 2024 12:23
Everything seems to be imploding for Ocado right now
M&S news can't be too far away either which could be another nail in the coffin.
Started: Supersport, 20 Jun 2024 11:52
Last post: Supersport, 20 Jun 2024 11:52
What a disaster
Last post: chumba, 20 Jun 2024 11:43
Buy limit at 351 and within 3 minutes now down to 330!
Started: Stupmy, 20 Jun 2024 11:41
Last post: Stupmy, 20 Jun 2024 11:43
Https://www.londonstockexchange.com/news-article/OCDO/update-on-sobeys-partnership/16529437
Was this already posted?
What's that all about then?
Started: Yorek, 20 Jun 2024 08:56
Last post: cureboy, 20 Jun 2024 09:47
If he thinks Kroger can acquire Ocado for $4-5billion that's basically a fraction more then the current market cap. Amazon were rumoured to be offering double this time last year so let's s hope not...
The last bit:
“Ocado has created an advanced software platform to fulfill grocery orders and manage all of the required logistics - The Ocado Smart Platform (OSP).
Ocado has become one of the best and most advanced tech companies in the world.”
Anyone interested in Ocado, should follow Brittain Ladd. Highly respected, ex-Amazon, tech advisor. This was a post from a week ago on LinkedIn:
“KROGER SHOULD ACQUIRE OCADO AND NAME TIM STEINER CEO OF KROGER
In 2017, I was recruited from Amazon by Kroger, to provide strategy consulting. I recommended to Kroger was to acquire the British retailer, the Ocado Group. Kroger said no to an acquisition but yes to partnering with Ocado to install up to 20 automated Customer Fulfillment Centers (CFC) to fulfill online grocery orders.
Fast forward to 2024: Kroger has installed eight CFCs but has chosen to pause opening any additional CFCs. Why? Because Kroger has been unable to achieve the desired savings, operational improvements, and increased sales. Kroger is also attempting to merge with Albertsons to create a massive grocery company with over 5,000 stores. The merger is in doubt due to legal challenges from the FTC and several states. If the merger isn't approved, Kroger has to pay Albertsons a $600M breakup fee.
I believe Kroger needs a savior to make better decisions, design a better strategy, and lead the company. The savior Kroger needs is Tim Steiner, Founder/CEO of Ocado. Kroger should also acquire Ocado. Here's why.
1. Kroger can acquire Ocado for around $4B to $5B in my opinion.
2. Kroger can acquire Ocado and operate with margins of 10% to 15% while the rest of the grocery industry is unprofitable, as Kroger will no longer be required to pay fees to Ocado. See Walmart comment. Kroger can further reduce their costs by using Ocado's front end for customers to shop online vs. Kroger’s front end.
3. If the merger with Albertsons is approved, the combined companies will need a CEO who can design an automation and operations strategy that will reduce costs and complexity and accelerate growth. Tim Steiner should be the CEO of the combined companies.
4. If the merger with Albertsons isn't approved, Kroger will be faced with increased competition from Walmart and Albertsons. I anticipate Ahold Delhaize will acquire Albertsons. Tim Steiner should be named the CEO of Kroger.
Amazon believes AutoStore is one of the best MFCs on the market, but they’re “disappointed” with a few aspects of AutoStore’s MFC they’re piloting. Amazon will pilot “2 or 3” additional MFCs in 2024. Amazon should pilot MFCs from Attabotics and Brightpick as well.
Is Ocado a solution for Amazon? Tony Hoggett, Peter Bowrey, Claire Peters, and Doug Herrington should contact Tim Steiner and have a conversation about Ocado and Amazon’s grocery strategy. Just talk.
Ocado has designed robots that are 5 times lighter than previous versions. The new bots are largely made of plastic and are created using 3D printers. Ocado has doubled the units per hour that can be picked. Amazon Robotics can’t build something better than what Ocado has created.”
Started: gregpeck7, 19 Jun 2024 07:07
Last post: Boyobach, 20 Jun 2024 08:51
VP: the fact that you cannot name even one competitor indicates that there aren't many that match the type of system that OCDO produces. Warehouse robotics/automation covers a wide variety of product picking/handling /distribution systems. Many companies fit the category but most that I've found (and I have researched it ) do not provide an equivalent platform or system. I'll therefore take your response as 'don't know any equivalents'.
Regarding McKesson, it is the largest pharmaceutical distributor in Canada and the deal is structured differently - capital light for OCDO - which seems like a good move given your concerns about cash flows. I accept that you may have good reason for being selective but to state 'no orders in over a year' is incorrect.
Just click on his name and it will show you a full list of his predictions!
Oh and smalltime, the rationale does matter and it matters more if it's stated before the event rather than in hindsight.
Which predictions are off the mark smalltime. List them?
Valueplay I know every has their views, just wondering do you get paid for all these posts?