RE: And the reason for yet another day of drops is ?2 Aug 2020 18:54
Valueplay - all views welcome pos&neg.
I don't agree with the "sentiment and nostalgia" bit because MKS is clearly geared up for the future with the Ocado deal.
They got a bargain with the 750m because now the same stake in the current world would cost at least twice the price. The Ocado deal should also help and accelerate MKS cutting unprofitable stores as with online sales the poorer performing stores will be easier to cut - overall sales would still increase - and food sales specifically will increase by a huge amount. My family has used Ocado for years now and MKS food is perfectly fine. We are signed up for Ocado specifically so supplier change is not going to change that. However, we are fans of MKS food as well so from my point of view the deal is perfect. Let's not forget MKS can sell some clothing then on their own site and Ocado as well (limited I suspect). I never been interested in MKS shares but I now I am. They clearly have taken the right path with the Ocado deal.