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The good thing about the roll out going forward is that existing customers will be adding CFC's.

These customers are cash rich supermarket groups, who have the capacity to grow networks of CFC's very quickly.

Kroger have also said that it is cheaper to open and operate CFC's than it is the physical store equivalent - as you point out home delivery is very expensive to operate from physical stores.

I think that even the most optimistic of us may be surprised how many CFC's are opened in the next 5 years or so.

Yes, excellent - hopefully that was all the downside.

With a market cap of just £101m and an ever growing pipeline of new projects, the SP is clearly oversold, so I think 3.47p is very realistic and attainable first target price by next Spring.

Personally, I would be disappointed to see an offer.
This is a good long term investment for me and I can see the SP at around £5 in two or three years time.

The Next update is excellent news for the whole of UK retail both physical and online.

Yes, its a sad demise for John Lewis and Waitrose, and its certainly a management problem - I guess their mindset doesn't allow for a flexible response - in a retail business of any size, this is crucial - they need someone like Terry Leahy to kick arses - actually I think he is sitting on his arse at the moment so he would be an excellent choice.

We do seem to be seeing a levelling out of demand with online and physical stores now.

Its very clear that some customers did miss not being able to go into stores and choose their own products but this seems mainly to apply to one off purchases - with clothing being one of the best examples.

it seems that the shift to online will be much more permanent for Grocery retailing.

Clearly the physical stores that have survived 2020 are much better placed to exploit the market after the demise of so many competitors - Next confirmed that this morning - and with the improvements that M&S have made over the last couple of years we can be confident that M&S are also very well positioned to exploit the new found potential both in their physical stores and online.

It does beg the question though - what the hell is John Lewis playing about at?

Looks likely to regain 3000 now - happy with that.

L3
Certainly agree with your assessment and I guess AB would agree, but that's all in hindsight - at the time I think he simply had to reduce costs to protect the business and that meant making painful decisions.

Nice to see Archie Norman being very proactive this morning in illuminating the problems M&S are having trading in Northern Ireland as a result of Brexit - it looks like the Government are listening.

Bad news for Harbour shareholders this morning with their new Tolmount gas platform badly delayed by technical issues with the electrics - production forecasts have been cut for the full year.

https://www.londonstockexchange.com/news-article/HBR/operations-update/15066790

Very strong numbers by Next this morning - they are trading ahead of expectations and have increased full years profit guidance.

This is there explanation - I guess it will also apply to M&S.

"Possible Explanation for Strong Q2 Sales
We believe that the following factors have contributed to the unexpectedly strong sales performance:

1. Pent-up demand for adult clothing, with many customers having made few summer purchases during the last 18 months.

2. The onset of extremely warm weather at the end of May and start of June. Growth significantly slowed once the very warm weather passed.

3. Fewer holidays overseas are likely to have increased domestic spending in the UK.

4. Consumer savings have materially increased over the last year."

Note - they are repaying their Business Rate Relief to the Government and are also returning surplus cash to shareholders as special dividends.

Don't worry about the SP at the moment - it's just sliding with the market and low volume - that's bound to happen with a thinly traded stock.

Obviously the business market isn't great but a lot of their business customers are utilities and builders etc - this market is certainly returning to normal.

The London market is still fairly slow, looking at availability for tonight, the popular central Hotels are all full but there are bargain prices for the Hotels further out from the centre.

Cash is no problem - WTB had a big cash raise last summer and revenue is rolling in now at least in coastal locations and travel corridors.

I was in at about 3100 - in hindsight, maybe the timing was too early - its a good entry point now but in may be a while before the SP moves back up towards 3200.

Certainly hydrogen has potential and Ceres are spreading their options by developing tech that covers a lot of bases.

One of those options lies with hydrogen to fuel buses and trucks.
This is a bit of a long shot from a commercial point of view because of the investment needed in infrastructure - its a bit of a chicken and egg situation - what comes first the vehicles or the filling stations.

This is why the Weichai Bus Trial is so important, its probably the only chance that Ceres will have to profit from this technology - city buses can be fuelled from one point so the infrastructure is much cheaper.

The trial has been delayed by Covid but news could be imminent now, and we are due a trading update.

Weichai is a Chinese Government owned company, so with the Chinese keen on developing hydrogen we can hope for a successful result but it cannot be guaranteed.

We need to be mindful of the consequences of a negative response from the Chinese - it would badly dent the SP in the short term, especially if they sold their holding, but Ceres have plenty of other options to advance their tech in the longer term.

Most of the time, its not what OPEC+ do that matters, its what they say - the actual outcome of their actions is generally irrelevant and perceptions can easily be reversed by more words.

In the real world, members simply supply oil as the market demands it.

The EIA prides itself of being an independent organisation but its actually a department of the United States Department of Energy based in Washington DC.

So in actual fact its main role at the moment will be to keep a lid on the oil price - that's what Biden wants.

Saying the market is over supplied will certainly supress the market and keep paymaster Biden happy.

Its important to remember that price movements at this time of the year in a slack market will always be extreme, because the shorts are firmly in control and will be making big profits - the only mistake is to sell - the best thing to do is to go on holiday.

Its just a market correction in a slack summer market with the shorts pilling in for profit.

The only mistake you can make is to sell - best to go on holiday and cut yourself off from all the tech.