Member Info for chilting

I certainly haven't sold - there is much more upside yet - and I very much doubt Kraken has.

Kraken
To be fair he hasn't had the chance - yet.

mrc
It often pays to be sceptical with all things OPEC+ and AB - I think long term investors will understand.

We will find out next Thursday Jan.

My view is that OPEC+ can increase production quicker than anticipated, to aid members, but keep upward momentum going at the expense a small pullback to around $70 over the coming weeks.

Paying a dividend would certainly make a massive difference to the SP but AB has shown zero interest in that regard for as long as I have been investing here - I think he's more inclined to retain profits to pay down debt and then borrow more to continue empire building.

Brent's moved up over $10 in just over a month.

I would expect that it will retest $70 for a week or two before moving up again.

OPEC+ wont want to look as though they are pushing POO up too quickly, so they may see now as a good time for a slightly larger increase in production than expected, some of their members must be hurting a bit with the lower production numbers.

Remember, OPEC+ are in full control of the oil price at the moment and that's OK as long as they are united - its only just over a year since KSA and Russia had a falling out that had bad consequences - so an easing of output restrictions may be needed to keep the group in harmony.

One thing that I did pick up on during the presentation was a new product area - polymers in fashion products.

Basically that means that Itaconic Acid can be used as a potential substitute for products like Polyester - containing plastics - for the manufacture of clothing.

The global apparel market is projected to grow in value from 1.5 trillion U.S. dollars in 2020 to about 2.25 trillion dollars by 2025.

I guess this is quite a big deal!

I wouldn't be surprised to see Kroger make a move for M&S to obtain the Ocado partnership and develop the M&S food brand into a major player to rival Tesco.

Kroger are fully committed to their partnership with Ocado Solutions - we could even see a merger between Ocado and Kroger.

A tie up between all three companies in some form would make perfect sense not just in the US and UK but also as a global online retailer.

This article gives more insight.
https://www.warehouseautomation.ca/news-notes-1/2021/6/21/kroger-is-betting-its-ocado-cfcs-and-hub-and-spoke-model-will-gain-it-a-competitive-advantage-in-florida

Kroger are clearly fully committed to their CFC development with Ocado.

There is a absolutely compelling case growing for a merger between Ocado and Kroger that would not just give Kroger the opportunity to roll out even more CFC's in the US and anywhere else on the globe where Ocado Solutions don't have a partner but also in the UK with the other 50% of Ocado Retail, they could even takeover M&S.

“The key takeaway here is basically the way that we look at it, one shed (Ocado Automated Facility) is equal to 20 stores worth of sales. Each one of those sheds only requires 60% of the capital, and they only require 60% of the labor as well.”
— Gabriel Arreaga, senior vice president of supply chain at Kroger.

The full article is here -

https://www.warehouseautomation.ca/news-notes-1/2021/6/21/kroger-is-betting-its-ocado-cfcs-and-hub-and-spoke-model-will-gain-it-a-competitive-advantage-in-florida

Valueplay
I seem to remember that they announced a mini CFC to be built in Calgary???

Pelle
On today's evidence that is very clear.
If I was investing in Harbour, I would certainly make a sideways move and switch to Enquest.
It doesn't look like Harbour investors are going to get full benefit from the surge in Brent.
Hopefully enough of them will see the light and invest here.

At least the SP seems to be heading in the right direction now but there is no real impetus to move it far in the short term, until we get a good news RNS.
Also volume is still fairly low, as would be expected during the summer, so a price target of around 2200p by the autumn may be all that is achievable.

Pelle
I will wait till SP gets above 35p.

Keep an eye on Harbour today - their ops update was rather lackluster.

This may be the reason -

"Usage of the program, known as the reverse repo facility, surged further after the Fed lifted the rate it pays firms to 0.05% from zero at last week's policy meeting, a move Williams said was aimed at helping to keep the Fed's key benchmark rate within the target range of zero to 0.25%. Firms parked a record $765 billion overnight with the Fed on Monday."

https://www.reuters.com/business/ny-feds-williams-says-he-is-not-concerned-by-higher-use-reverse-repo-facility-2021-06-21/

Surprise, surprise this is a growth company and we have dilution.

Dilution is ok when it it done from a position of strength and the company is growing - its just an indication that the pie is getting bigger and that there is more wealth to share - a win win for all investors.

Lack of news on new deals is simply down to Covid travel restrictions - deals cannot be done when there is no access to visit potential customers and sites.

Have topped up here today.

The market is now picking up for all growth shares.

The interest rate fears are receding with economists predicting a short period of higher rates followed by low interest rates in the long term.

Hopefully the downside is behind us and the SP will stop its ups and downs and we will just see a nice steady rise back towards 1500 over the coming months in the runup to COP26 in November.

With such a small market for ITX shares, there is bound to be volatility and it will only increase as the SP increases -
its the volatility that drives the SP in the short term and the reaction of just a few investors at the time.

Yes, Ocado certainly shines and the TV advertising lights the way - its absolutely spot on.