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Sentiment against MCG in the short term but down the pipe inflation is falling fast not just in the UK but in Europe and faster in the US - wage increases have been built on high inflation but as this tapers off so will wage increases, add to that interest rates falling and the outlook is good for MCG - I am happy to keep adding, taking the dividends and waiting - this company is brilliantly run, you only have to look at the German operation where they stepped in as a temporary measure, then were given the contract as they ran it so well - it is a hard watch here atm but the share is currently close to a 5 year low, below what it was when Covid was announced and there was no vaccine in place - nobody can honestly tell me that the company is in a worse position now than it was at that time - things will turn here, if not through a recovery then from a takeover - patience needed but patience will be rewarded in the end imo.
gla dyor etc
Ftse called down this morning on the back of the Dow tanking late session last night - having said that IAG should go north big on the back of the analysts estimates being well beaten - lets see
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Added at 122p - silly price imo - dividend around 6pct atm - huge staff reductions down the pipe - the company will be a massive cash generating machine going forward
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Added more at 97p
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Added at 70p
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Added at 99.4p
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big well done to all the lth's on here (****nal, metom, badlands etc) - an extra g and t is in order before dinner tonight for me and mrs c - more to come from the mighty rr, with divis down the pipe - a very good evening to all
Back trading now, maybe a pre close auction - share price not affected too much atm
gla dyor etc
IG just suspended trading in OCDO - Maybe an announcement about to be made? - lets see
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These are quite simply eye watering losses piling up now - I think some positions may well have closed in the last hour or so which has fuelled the buying - the shorts hanging on are rather like Nick Leason back in the day and we all know what happened there - gla dyor etc
https://shorteurope.com/details_company.php?company=OCADO%20GROUP%20PLC&land=united_kingdom
I see Amazon have started closing down their UK Amazon Fresh stores - I wonder if this is a precurser to a bid for Ocado - in the event they were to bid there would surely be a conflict of interest at the moment with regards to rolling out CFC's in the UK as Marks currently own 50pct of Ocado UK - closing down their current supermarket interest in the UK would surely remove any conflict of interest though
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"Money's in the air, everywhere I look around, Money's in the air when Rolls Royce hits two pound" - John Paul Young hit circa 1978 - been singing this in my head all morning -
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Up 17pct at 178p - DING DONG
I see Ocado now as a very positive hold - their patents are impregnable as Autostore found out which leaves them without challengers in an area that is continually expanding - the recent CFC with AEON in Japan is a sign of things to come - potential predators know this and if they want a piece of it they are going to have to pay and pay big - one has to say that Ocado are now arguably in a better position than they were when there share price was 30 quid as their CFC'S are more widespread and the patent issue has been removed - there will be profit taking here for sure over the coming months but for me the trend is upwards and I will be looking to add on any significant weakness
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Absolutely massive buys coming in now - shorts closing their positions I am assuming - Oh how we laughed..... anyone seen Valueplay????
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Litigation removed - massive plus here - removes any doubts for a preditor - close them shorts baby
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"turning a profit is not something Ocado will achieve anytime soon" - Emma Powel - LMFHO at that - It is a known fact that Ocado has spent huge sums of the cash it has generated in technology - that is the nature of the beast - Amazon was loss leading for years so all Emma is doing is reiterating what is already known - I look at companies like Kroger which is the United States' LARGEST supermarket operator by revenue - they are expanding with Ocado technology because they, like me, know that the cost of employing people is far greater than the cost of using robots - this cost will only increase going forward for supermarkets that employ people due to inflation, employee benefits, sick pay etc- I will listen to Kroger rather than Emma Powel
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MSM - Never wrong to to take a profit matey - I have done so myself on occassion with OCDO - I will be holding though after those UK inflation numbers dropped today - UK stocks in general are battered on the basis of rising interest rates as a result of rising inflation - the numbers today should set a more dovish outlook for the UK going forward - a company that looks to take over another company factors in an improving macro economic climate as well as the company fundamentals - both are improving for OCDO - I am looking for 10 quid plus here -
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Both headline and core inflation comfortably below estimates - this should be a good day for battered UK stocks - lets see
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Some eye watering losses stacking up here for the shorts (oh how we laughed!) - big day tomorrow guys - if inflation figures beat analystst estimates then sentiment alone will drive this higher - could see huge gains tomorrow as shorts close en masse - fingers crossed
gla dyor etc
https://shorteurope.com/details_company.php?company=OCADO%20GROUP%20PLC&land=united_kingdom