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The speculation that M&S was in the market for the other 50% of Ocado Retail came from Deutsche Bank just after they published broker ratings for M&S.
So, that's why it got the attention of the market.
I would guess that the issue is still very much live.

I think that the SP was in over brought territory from about this time last year until July this year.

Since then, when it dipped to bellow 1000p in July, I think we are seeing an underlying increase that should hold fairly steady to get the SP to 1300p in a few months.

Good numbers from Mitchells & Butlers this morning - should give WTB a lift.

It looks likely that the SP will move up again soon but that all depends on the constant supply of good news flowing and no delay to full commercialisation.

To counter that, the market cap of £2,049m has a very high proportion of potential and sentiment priced in that could quickly evaporate on bad news.

But the main thing with Ceres is that there are a wide range of uses for its tech and it has been very careful to keep down capital expenditure, therefore delays may cause short term pain, but they won't cause long term damage.

Excellent update - maintained margins - increased revenue - effectively managed supply chain pressures - on line to beat market expectations for the full year.

International shipping is a major source of carbon emissions - large vessels basically burn crude oil with little refining.
Ceres collaboration with Doosan and their joint development with Hyundai is a major opportunity for Ceres and hopefully we will get more updates soon.

https://www.ceres.tech/news/doosan-announces-joint-development-with-hyundai-heavy-industries-for-an-sofc-marine-system/

Commission revenue from the tech business will be the game changer - the business world will finally realise what Ocado is capable of then, when potential starts to be realised.

swazers
Charts for small caps on AIM certainly show up long term trends, eventually - fact.

But, short term the SP is at the mercy of traders on some shares, especially heavily traded one's like EQT, so deciphering their accuracy is questionable.

Think of it as the charts are hijacked by events - the next RNS has the power to create volatility higher or lower.

The best time to buy these small caps is when they are at a low ebb when others are selling - eventually they will come good, but only when the case to buy becomes compelling, the charts won't tell you that - just wait for the numbers.

The Times article talked about a potential bidder eyeing the company in August - the SP has risen about £1 since then - I think the SP would be a bit rich now and would only go higher if a bidder appeared - they have missed their chance, and should have brought when many of us did last year when the SP was around the £1 mark.

Simple fact - until the numbers start to look good the SP will flatline.

2022 looks to be the year when potential becomes reality - SP will respond.

The SP we are looking for is around £2.95 that would currently put M&S in an automatic entry position to rejoin the FTSE100.

M&S are 108th in the rankings and three FTSE100 companies that have fallen below them.

Good start to the week - a surge of PI's, I guess, impressed by the positive vibe, have pushed the SP to a new high - onwards and upwards.

The Government is to provide funding of £10M for the Whitelee green hydrogen project development using the UK's largest electrolyser supplied by ITM.

Long term holders all know the potential here, that is why invest, but that potential hasn't yet shown up in the numbers yet - hence the poor SP.
Now that the pipeline is starting to move that will all start to change, but at the moment reported revenue simply doesn't impress.

Thank you Della for the link.
I have been looking for another small cap for a long term investment and Brave Bison certainly fits the bill.
Its good to see experienced and competent directors with large personal holdings and plenty of other shares in sticky hands - a good combination to grow the SP.
I cannot say that I know much about the sector they trade in other than the online aspect, but potential for growth is certainly impressive.
So, I will be a buyer on Monday.

The challenge isn't to fill your boots with EQT shares - the challenge is to find another small cap with equal potential to EQT and split your investment. Then you have a double chance of growing your capital when one or the other take off.

If the other 50% of Ocado Retail is sold, Ocado are likely to have a good number of offers.

It may be that the highest offer isn't necessarily the best one to accept.

The better offer would be from a bidder who commits to the highest investment in new CFC's. This would I think be acceptable to M&S if they weren't successful in matching offers from other bidders.

The point being that this is all about gaining market share.
Than needs to be the higher the better for Ocado Group to build more CFC's and get more commission on sales.
And for M&S if they can get their products to more customers and build profit without the need to purchase the other 50% that is a win win.

So i think that a mid market player like Morrisons would be the best fit - they could sell freehold property to raise capital.
Or maybe one of Ocado's overseas partners - Kroger for example.

It seems to be a pretty strong rumour so maybe it is something more than speculation.

If M&S did make an offer there are likely to be other potential buyers, so we could see a bidding war.

I can see why M&S want 100% of the company - everyone likes to control - but I think there are advantages for M&S having another big player owning the other 50%.

Ocado Retail only has a small percentage of the UK market.

If a big player with money to invest in more CFC's to grow the market share owned the other 50%, that could be just as profitable for M&S - especially if they were a mid market player such as Morrisons.

Speculation from Deutsche Bank that M&S want to buy the other 50% of Ocado Retail.
Ocado group shares are sharply up this morning on the news.

M&S will be first in the queue but there will probably be others - Morrisons for example or even Kroger.