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Tesco are following Sainsburys lead and ditching their in store counters - this takes away another USP from their stores.

We also learnt today that Tesco in store night shift workers are to loose their jobs with shelf filling switching to the day shift - customers constantly complain that the stores are to congested - this looks set to get worst.

The conclusion has to be that Tesco and Sainsburys have been forced into these cuts to reduce their labour costs.

Ocado's new tech will vastly improve customer service and substantially reduce labour costs for their partners - quite a contrast!

The new tech seems to make the current Zoom concept redundant - I don't think Zoom was even mentioned at the presentation.

I guess Ocado will be advising partners to take advantage of all the new tech and integrate Zoom into their regular service and offer same day delivery - the mini CFC's will facilitate that and also allow the provision of a within the hour, in City, service for customer top ups, maybe by motorcycle.

That's mainly because of market conditions Dave and also EQT's differed revenue on their UK projects.

Fundamentals are unaltered - EQT is a very strong buy at this level especially for long term holders - even investing £5k now could be worth a substantial amount of money in five years time..

Excellent progress report as always - why don't other companies provide such detail?

A good steady hold confirmed for 2022-27.

SP should start to move this year in anticipation of revenue growth and significantly when revenue hits the Bank account.

Good Morning Valueplay
I think the court case is now something of a sideshow but still of importance - hopefully we will see closure soon with both parties agreeing to end their actions.

What will be interesting in next weeks results - due Tuesday 8th Feb - will be revenue received from partners in 2021 - we should be able to asses if the 4-5% revenue from partners based on volume of sales is accurate.

The shorts are certainly in control at the moment - they have been extremely successful pulling the market down.

The question is when do they go long and start following it up again?

Last weeks news that a US Hedge fund had just taken a $1 billion stake in Netflix could be an early signal for a change in fortunes for long investors.

The problem is though that market conditions rather than itaconix are responsible for most of the fall - although the timing of the rather bland trading update was the catalyst for the fall.

it would be probably rather fruitless to issue a good news RNS at the moment, against the momentum of the market.

Maybe Finncap will wait until the market sentiment improves before they take action to lift the SP.

Or rather an Non-Executive Director.

Just in case anyone doesn't know - Baroness Brown is an Executive Director of Ceres.

https://www.ceres.tech/news/appointment-of-julia-king-baroness-brown-of-cambridge-as-a-non-executive-director/

This example is an interesting comparison and it illustrates just how much general market conditions affect a shares SP.

All tech stocks have been drifting for the last 12 months - big and small.

Looking at Ocado's SP for the last 12 months - they are 90% tech and just 10% retail - the graph shows that it has followed a very similar path to Eqtec.

So when sentiment does turn in favour of tech stocks again - and there are good signs that this is starting to happen - we should see EQT rise quickly on the back of good news, especially from Billingham and Deeside.

Also if the tech sector does come back in to favour any gains in the SP are likely to stick and it could even be the catalyst for a rerate to build the SP to 3p and higher.

https://www.lse.co.uk/ShareChart.asp?sharechart=OCDO&share=Ocado

Most of the SP movement was caused by market conditions last week with the trading update coming at just the wrong time - any negatives were greatly exaggerated by the built in volatility on AIM.

The US market rebounded well on Friday evening, so hopefully this trend will continue on Monday in London and a series of buys could see the SP rebound quickly especially if sentiment eventually turns for the better.

The trading update talked about results in line with expectations - that could include breaking even or even a small net profit.

The worst of the storm hit Stratham around lunchtime on Saturday - US time - it looks like they had 60 mile an hour winds and 12-18ins of snow - so its a good job that the roof was repaired.

Hopefully with the factories main road position they won't have any enforced downtime.

I think AB will be much more cautious with his production estimates this time because of disappointing last September and missing out in November.
Last years shortfall was mainly down to bad luck, but is he got it wrong again that would certainly weigh heavy on the SP.

The problem then is that you may have to wait for the actual production numbers that will probably be top end of estimates before the SP moves up significantly and next weeks update may disappoint the market.

The NASDAQ put in a good fight back last night - up 3.19% - and Apple stood out with a 6.98% gain.
So, hopefully Monday will be better - it certainly needs to be!

Apple up 6.98%
Alphabet up 3.37%
Amazon up 3.11%
Microsoft up 2.81%
NASDAQ up 3.13%

Yes, logically you are all correct but a big reverse could easily be manipulated and sentiment can change in an instant - especially when their is big money to be made - some of these stocks have more than halved in value and although a handful of the big US tech companies are maybe still overvalued, most are not.

Still we shall see - just my thoughts and nothing to do with Enquest.

I don't think that todays fall has anything to do with the German patent case - other tech stocks have also fallen today.

I think that the shorts will now start to close and we will see the hedge funds piling in big time and going long on tech stocks - they have created a low entry point, they will want to capitalise on it.

ZFG
Yes, that is the logical conclusion of most people, including the media.

However, tech stocks have been falling for over a year now and hedge funds have played a big part is reducing stock prices.
Is it not, therefore, likely that having created a very attractive entry point that hedge funds will now start to go long on tech stocks. Especially when you consider how popular tech stocks are with investors.

We saw maybe the first step to this scenario yesterday when the Pershing Square hedge fund invested $1billion in Netflix.

Most of the market is looking undervalued at the moment - oil shares are one bright spot.

In fact the high price of Brent has probably saved oil shares from falling to the same level as other sectors - BP is only 15p off its year high. ENQ seems to be treading water till the update.

Fully expecting the whole market to upturn soon with tech stocks leading the way - they have been depressed for 12 months now.

It could also be that the shorts are making a final effort to pull down the SP before closing their positions.

If so, we could see a good rebound later in the day with lots of volatility throughout the day.