Member Info for Boyobach

Fragile, certainly. Today’s price moves sent slightly mixed messages - the ‘highs’ trend got nudged up and the ‘lows’ line got pushed down. So they are both now parallel (green), rather than converging. FWIW, the price is currently keeping in step with the NASDAQ 100 Tech Index (which seems an appropriate benchmark to me):
https://tvc-invdn-com.investing.com/data/tvc_e04999beade795964642e4d2a8eb9a8f.png
So, despite the ‘down’ day, the overall trend of the last eight trading days remains upward, which is frankly as good as we’ve seen here for more than a month:
https://tvc-invdn-com.investing.com/data/tvc_8c6335fcb8945da34a0d752a511c4501.png

Cheers Nomad.
Littleaston: Given that the dividend of about 20p is built into today’s sp, the ex div price should remain above the 2325 line provided that Brent and the wider Market remain at current levels. It should be remembered, however, that Brent currently has an influence on the sp of between 10 and 21p for every $1 shift in the price per bbl. and OP is possibly running a bit hot at the moment:
https://tvc-invdn-com.investing.com/data/tvc_72caf2b66b8e87fad6639da8b5327400.png

It's fascinating to watch, Newdealz. The ‘lows’ (green) signal a steady rise but the red has kept a lid on it, and then - today - squeezed it down to a level top:
https://tvc-invdn-com.investing.com/data/tvc_38e5bd881c4f6a1f42d39128d4a6fc71.png
Whilst there has been upward pressure, the price seems to be finding increasing resistance and hasn’t even made it to 830 yet. Something must pop and I guess it could be your party champers.

It's on a fairly steady track to get there in Q3 at current rates of progress:
https://tvc-invdn-com.investing.com/data/tvc_f320cee8c9979dd3a506224c620e2ded.png

,,,, for two and a half years!
Keep going Shell!
https://tvc-invdn-com.investing.com/data/tvc_32b81e0d0c58c4e4544f2687aba9665a.png
GLA!

Cheers Newdealz - I was a bit thrown 'cos you've been generally quite bullish (well more bullish than me) about OCDO. ATB!

Are you sure you mean a 'pull back' Newdealz?
A pullback is a pause or moderate drop in a stock or commodities pricing chart from recent peaks that occur within a continuing uptrend. A pullback is very similar to retracement? or consolidation, and the terms are sometimes used interchangeably. (from Investopedia).
Meanwhile OCDO appears to be on track for a modest climb along the speculative dashed green path here, perhaps leading to the next challenge at around 910:
https://tvc-invdn-com.investing.com/data/tvc_783b59867d958ef908326386e40718fc.png

Cheers Casapinos - much as I thought. I had seen the annual report but missed the 10% pa reference. As you say it's a high bar from the current position so shareholders will either see a dramatic bounce back or the Execs won't qualify - so not much to complain about at this stage . I'm quite bearish about OCDO at present and think the price remains fragile, although it has become less volatile and there is now some upward pressure:
https://tvc-invdn-com.investing.com/data/tvc_dc6aa9c1796218361cd88b05ecd9d34f.png

As we know, there was something of a shareholder rebellion at the AGM over extension of the scheme that, according to media reports *, could reward the CEO with up to £100million if the share price triples under the Value Creation Plan (VCP). As the starting share price for the beginning of the VCP (Tranche 1) was £13.97, that implies the scheme maxes out at an sp of around £42 - so, given the fall in sp from £29, there doesn’t seem to be much chance of TS getting that reward any time soon.
According to the Chair of the Remuneration Committee: the controversial VCP (Value Creation Plan) that rewards OCDO execs is: ‘simple to understand and …. is clear from shareholders’ perspectives what the target is, thereby facilitating total transparency….’

So, as it is so clear and transparent - how many here know what the CEO’s sp target for 2022 actually is?

As the starting share price for Tranche 2 of the VCP was £19.60 (the share price at which equity was raised by the Company on 10 June 2020), am I correct in assuming that this is still the baseline for any further awards under this scheme?

*Media Ref: https://www.thisismoney.co.uk/money/markets/article-10770331/Ocado-faces-storm-boss-Tim-Steiners-100m-bonanza.html

Chilting: The real question is did the market itself bottom out this past trading week?
That is a key question! I think it would be a brave/naive person who’d make that call right now.

Newdealz: another solid closing daily candle….with an auction close showing just a small amount of selling pressure...

One candle does not a candelabra make….
The day-trader’s view is, of course, different to that of the long-term holder. Here’s a reminder of the trend challenges for any LTH who can bear to look:
https://tvc-invdn-com.investing.com/data/tvc_c2acb994320f2f5a7c33882184cefc10.png
Hopefully the blue here has been overcome and the purple will be a technicality.
Whatever happens, there’ll undoubtedly be trading opportunities that LTH’s may choose to use in order to improve their position - which is currently dire for many - but keep an eye on the red.

Tim S will have his work cut out to earn that sp related bonus if he has to first restore parity after the last year’s drop in sp. Although, if the wording of the extended VCP (Value Creation Plan) effectively resets the starting point to today's sp then it’ll be a lot easier - can anyone here clarify the 2022 targets he and others are required to meet?

So how much of yesterday’s drama was market driven and how much was specific to OCDO? And, more to the point, is OCDO likely to continue to recover and did it, at last, find the bottom? I reckon a comparison with the NASDAQ Tech Index might provide some clues. Here it is over the last few days:
https://invst.ly/y4ub9
This is a 15 minute view and bear in mind the market hours are different, even though it’s a ‘global’ index - hence the straight horizontals.
And here is the ‘daily’ comparison over the last few months:
https://invst.ly/y4ubf
Off the bat we can see that OCDO tracked the index pretty closely this week - so yesterday’s drama, including the recovery from 700, was probably market driven for the most part. However, OCDO has been falling relative to the index over the longer term and the day didn’t do much to change that longer term picture, although OCDO may have finally escaped from the steep blue downward trend that has pushed it down over the last month. It does, meanwhile, still remain in the ‘red’ downward track and, if it simply moves sideways from here at around 800, we may not see it attempt to break out for another month.

The sharp bounce off 700 will certainly encourage the view that the bottom has been found. However, OCDO was not massively different to some others in the price action from about 14.30 onwards yesterday. Having almost broken free from the month long blue ‘daily chart’ trend (see dashed line), it is now rather hesitant to progress beyond 800, which leaves an element of doubt about the direction from here, especially as 830 should be an easy target: https://invst.ly/y4rb0
The tension mounts!

A highly entertaining day, starting with a gap down and OCDO following the market then entirely bucking the trend from mid afternoon - filling the opening gap in the process. Was this a credible reversal? I suspect Hedged and Brattus will have something to say on that! But my own view is also probably not - although volumes were up and if it maintains this price or better tomorrow then I’ll have to think again: https://invst.ly/y4iw3

Note that the ‘blue’ breakout hasn’t happened and that the path beyond that is currently blocked by red: https://invst.ly/y4i-h

Let's see how the closing auction votes...

585 could be in no-man's land couldn't it?
https://invst.ly/y4hqf

NeilH: 'A boss who thinks he’s entitled to £100 m bonus !!!??????'

Ha! He apparently gets this ‘ only if they [participants in the VCP] continue to deliver transformational business performance over the next five years’ according to the Chair of the Remuneration Committee in his letter appended to the AGM statement.

Well, if the sp continues as per the last 15 months I guess he’ll not be seeing much of that bonus:
https://invst.ly/y4hj6

I hope you were cautious, Rangor.
When I started this thread a month ago, I felt a bit uneasy about the red trend here:
https://invst.ly/y4ezj
Given the state of the market, I wouldn’t like to put a figure on the bottom here - back to 490-510 possibly?

Why does the company need to turn around?
In this context we are obviously talking about the sp -which reflects perceived value rather than actual value - if that does not turn around then it will plainly continue to fall or, at best, level out.
IMO, the sp has reached a rather critical decision point - so I'm out until I see which direction the market decides to take it.