Member Info for Athens81

At the time Kroger made their initial announcement of the review and then when confirmed in early November no figure had been decided upon, and it was expected to be in the 200-250 million range

It was only on the 5th December when the final announcement came that it was revealed to be higher at 350 million. This is the time the price bottomed out and has been rising ever since. The market had anticipated a much lower settlement and I think a lot of shorts went all in on that basis. So I think the price halving was not very far off based on the news available at the time. The share price has recovered to an extent now but is still only back to September levels and even then I think withut any new business being announced has been overdone.

In terms of Greggs I agree this could go down a bit further before coming back up again but I hope that the previous update was positive enough (or maybe just not negative enough) to drive this down much further

The share price was driven down on Ocado because one of its major partners, Kroger, announced the review into the use of Ocado's tech which then led to the confirmation of the closure of 3 sites and expansion of their use of alternative partners for in store fufillment. It was a fundamental rejection of the Ocado model of being able to build large CFC's to support online retail. So it was hardly zero news.

Greggs is being driven down because of a view that we have reached "peak" Greggs. That revenue growth will only slow from here outwards and that the period of rapid growth is over. Combined with inflation/cost of living concerns and the while healthy eating/weight loss jab narrative. Only time will tell how these play out over the next few months.