Member Info for Carrington

Valueplay - I disagree with your assumption on rates - I think rates and inflation will peak at the end of the year - the whole world is chasing growth atm, that is the only way forward so rates will be held down as much as possible to facilitate this - dow down over 10pct this year and nasdaq down over 25pct year to date - any positive news on inflation will push these higher as will any positive news on Ukraine - Russia will soon be at the point of defaulting so I disagree that this war will go on for another year - as economic reality hits home in Russia things will change pdq imo - any news on regime change in Russia would propel world markets around 10pct imo - I would rather be in the market now than out of it - I respect your opinion and time will tell who is right and who is wrong - atb dyor etc

"I'd say a reasonable reading of those 2 issues is that UK interest rates will take more than a year to start levelling off."
Value - the Office for Budget Responsibility (OBR) forecast CPI inflation to peak at 8.7% in Q4 2022 - can you tell me why interest rates will keep rising beyond the end of this year if inflation has peaked and is falling from that point - surely the whole point of interest rate rises is to subdue inflation?

I have already addressed the headwind of rising prices by stating that imo inflation is set to peak year end that IS looking forward why don't you read what I've actually stated

Hedged I only answered your questions with my opinion - re your latest post - rising prices hitting the poorest hardest, yes I agree with that but with respect MKS/OCADO customers are not poor and to reiterate MKS IS EXPANDING WITH OCADO going forward.
Dyor etc

Correct Hedged but I didn't buy in at 2800p I bought in at between 717p and 850p on the basis that Ocado was oversold, trading at a price below what it was before it had most of the major contracts with MKS etc - to be fair Ocado was trading at 727p on the 18th May so more than 1 good day - re slow take up in technology MKS is expanding big with Ocado if you want to read through their latest set of results as is Kroger and the rest of the partners - as for interest rates/ inflation yes currently both high but a lot of market analysts pricing in a high for inflation/interest rates by year end - I tend to look forward when I invest rather than looking at what is happening right now
gl dyor etc

Absolutely Poker - MKS food, nothing but the best for Mrs C

Where have all the posters predicting a drop to 400p, some 300p gone? - lots of statements based on the square root of zero - on a plus point though - I have to admit my 717p add on the 13th is now looking very good indeed - an extra g and t before dinner tonight for me and Mrs C is in order - cheers!

Herald article
https://www.heraldscotland.com/business_hq/19984860.national-express-keeps-counsel-plans-stagecoach-tussle/

It was intimated in the Herald in this article a couple of months ago that NEX may become a target - I did say a few days ago on here that once the sell orders were exhausted at 250p then it would rise pdq to 300p but with a bid all that changes - 400p as a starting point imo - gla dyor etc

".....£1 or under by results day!!!!!" justnotworthit a few days ago
No clue
No investment strategy
And no money now his £1 short has been blown out of the water
What an absolute dick

Get them shorts closed baby and fuel that rise!!!!

"Poker,
JP Morgan and Berenberg provided the analysis in the articles I attached. You disagree with it, fine, but the issue is one that should be looked at thoroughly by anyone following Ocado."
What the same Berenberg that has a current buy target at £1800?

Gov calling in a chip manufacturer takeover by the Chinese today also - I think there is muscle flexing going on here re the new National Security and Investment Act - as far as I am aware though the overseas investment is only a risk to national security if it comes from an undesirable country like China, Iran etc etc?

https://www.cityam.com/uk-launches-national-security-probe-of-chinese-purchase-of-welsh-chip-plant/?utm_source=dlvr.it&utm_medium=twitter

"I continue to see no reason to sell the business to anyone - why sell when the company itself has achieved a strong start to the transition and can reap further benefits on going" - totally agree Poker but you know as well as I do that the big institutional players will decide and at the end of the day everything has a price - 300p minimum as a starting point imo
dyor etc

"Debt down to 420m£ excl lease liabilities" - that is basically a signpost to PI to say come and get me - PI absolutely love a growing business with hardly any debt and a large free cash flow -
gla dyor etc

Added at 128p
gla dyor etc

If this goes red today on the back of these results I will add and add big - the only disappointment is no dividend - I expect it to open higher - let's see
gla dyor etc

The majority of my portfolio, around 80pct of it comprises current dividend paying/future dividend paying stocks which I hold for a minimum of 3 years or until I have double bagged, however I do like non dividend paying growth stocks if I can see value long term which is why I have bought Ocado as they have been falling - difficult I know to place a value on a growth stock like this but they are now trading at less than they were when they had Marks on board and a few others - of the companies that have signed up none are bailing out as yet, indeed they are committing to further expansion - they like me can see that is is far far cheaper to pay for robots than people - others will follow suit in due course - yes it will take time and maybe another cash call but I am happy to wait and keep adding
best of luck and as always dyor

Just perusing the list of Ocado partners which have bought in/expanded since 2018 and are continuing to expand with new cfc rollout - no doubt the pace of this will slow due to inflationary pressures and less people at home all day post Covid, - petrol prices and inflation will at some point abate but wage increases will generally increase - Ocado may suffer short term but long term it will win out as supermarkets realise that delivery is a loss leader when you compare the cost of robots to people - I am in this for 3 years plus or until I double bag and will add more on a cash call -
dyor etc

Re Putin releasing grain - may have no option as the US now talking about supplying Ukraine with long range missiles that can take out the Russian ships in the Black Sea - basically the yanks want to put Russia back to the dark ages and will put whatever it takes in dollars to do it -

https://www.newsweek.com/ukraine-russia-black-sea-missiles-putin-gerashchenko-harpoon-1708449