Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
One of the innovations the Ocado announced as Ocado Re:Imagined in January 2022 was centred on same day delivery.
So investors can be confident that the move to offer more same day deliveries is part of a well planned strategy and one that will be particularly effective when the area is serviced by Zoom.
It does seem that the SP will settle just above £2 in the short term.
The poor retail sales figures had no effect on the SP but there are no real drivers at the moment and with other 250 companies are already better positioned to join the 100, MKS will probably miss out this time.
It would be great if by November MKS was in an automatic entry position.
Alcoops
If the SP continues to remain static it will fall still further when there is dilution.
Hence the need for a substantial rise in the SP.
But, I think we will see the upside now as financial fortunes and sentiment improves.
As I said - Its sink or swim time now - there is no middle ground.
Not sure about that Fforestgwmp.
Retail sales figures not good - today could be a big test for the SP.
https://www.bbc.co.uk/news/business-66429307
I think I was jumping to conclusions about the two changes rule.
Looking again, it seems that any 250 companies that reach position 90 or higher, the automatic entry position, will displace the lowest ranking 100 companies - any number that reaches that position.
If no 250 companies reach 90 or higher then they look and see how many, if any, 100 companies are below the automatic exit position of 110 - these are then replaced by the highest ranking 250 companies.
The review date is Wednesday 30th August - changes take place on Monday 18th September.
MKS will really need to put a spurt on to get to the FTSE100 this time, only two changes are made and there are already two companies above the automatic entry point with another three between MKS and the automatic entry point.
Note - the automatic exit position is below 110, so being at 99 certainly isn't a guaranteed entry point.
The point with Ocado is that there isn't a fair value.
As with most growth and tech companies value is determined more by sentiment than true financial worth.
That is why we saw a big spike during Covid.
OCDO is a long term hold for those who are prepared to wait for growth and profitability or a short term punt for the traders.
Maybe deflation as things stand at the moment but if the Chinese market gets going again that will mean energy prices will start to increase again.
I certainly wouldn't bet against a Chinese recovery in 2024 and the US economy would certainly follow.
As for the UK - who knows.
Its certainly going to be a big test.
My feeling is that it will need more good news to hold anything like these levels in the short term.
Also the macro looks like its going backwards again.
I never did believe the takeover rumours.
The level of shorts over the next few months should give some guidance.
A bit of a lift today on thin volume, there seems no logic to movements in the SP with many small AIM stocks.
It does seem though that we can expect some upward movement now back towards 5p but the problem seems to be that it isn't a rerate and the SP simply fall back after a few weeks.
No idea how these logarithms work.
This is the great attraction of the French market for EQTEC.
Local and national funding will be far more forthcoming from the French authorities for green tech solutions than in the UK and elsewhere.
The French match words with action, unlike our vote catching back trackers from the Westminster bear pit.
Its great to get outside validation for the tech.
It justifies investment here even after dilution.
Hopefully it will lift the sentiment.
Above all, I think we could see orders with proper state finance from France - this could end up being EQTEC's best prospect by far - a final breakthrough just supplying the tech for funded projects over a much smaller timescale.
The extreme volatility this week can partly be explained by the shorts cashing out and opening new positions.
The end result is that there are now just thee headline shorts on a combined 2.99%
https://shorteurope.com/history_company.php?selskapsnavn=OCADO%20GROUP%20PLC&land=united_kingdom
Its obviously a complex deal involving Ceres and two multinational corporations, so its the time they take to put the deal together that is the issue here.
All sides, according to Ceres are still fully committed to the deal - as of the trading update a few days ago.
After they agree terms it will be the turn of the regulators to scrutinise the deal, hence Ceres now saying that they expect the deal to complete in 2024.
Graking
Ocado's new solutions tech will make a big difference to future expansion.
The tech is a lot cheaper now and can be physically be fitted into existing buildings.
The hardware can even be produced using 3D printers.
So, its likely that future CFC's will be smaller but more numerous to cover a market area - hence the roll out will be quicker and capital return will be also be quicker with income funding future expansion.
Do you think that Ocado Solutions is actually actively looking for new partners at the moment Valueplay?
It would seem better to concentrate on bringing the current pipeline online before looking for new business.
Unless they are approached by potential partners, when Ocado would have an upper-hand negotiating terms.
Maybe this is why Luke Jenson stood down now?
One thing that we have learnt is that even vague rumours of a takeover sends the SP into overdrive.
Although I think as before, when the Korea deal was announced, this has been mainly at the expense of the shorts.
It is there presence that has created the extreme volatility.
It will be interesting to see where the SP goes after they finally rid themselves of their disastrous positions.