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"The third CFC will be located in Calgary and will service the majority of Alberta."

This is interesting - in no way could Calgary and especially Alberta state be considered an Urban Area.
This could be a first for Ocado - Alberta has more than four times the land mass of England.

Nice to see SP back over 1200p.

Results published this morning - loss of £517m.

This jumped out -
"John Lewis shops are now held on our balance sheet at almost half the value they were before this year's and last year's write downs."

https://www.londonstockexchange.com/news-article/45GD/john-lewis-partnership-plc-unaudited-results/14896232

Plus this from BBC News this morning - good positive news and comment!

https://www.bbc.co.uk/news/business-56346245

jimjam
We all have our views.
In this case, I think that MKS would be absolutely crucified by the media -especially the BBC - if it sacked staff and paid a dividend, it could be very counterproductive.

The thing is that while a business is restructuring in this way and shedding jobs it is totally immoral that they should be paying their shareholders a dividend.

Neil
I think it should be back over 200p but there will be headwinds, not least inflation on the horizon and all the damage that does to bricks and mortar retail, especially when it pushes up staff wages - online won't be affected to the same extent.
M&S will need to crack on and close unprofitable stores - I can see most clothing sales moving online.

It has to be said though, that most of the actions taken in the last few years by the M&S Board have been to ensure that the business remains viable and does have a future.
Rather than say that these factors haven't been factored into the SP, it is probably the case that without them the SP would have crashed and the business may have gone the same way as Debenhams.
Personally, I don't see a dividend this year, more likely in 2022.
For me this is a five year hold, by that time we will see growth here that can only be seen by a company that has been through adversity - adversity for any company, or nation for that matter, acts as renewal and spurs on achievement.

Undoubtedly the next big challenge for UK business and for businesses globally will be inflation - Governments around the world have increased money supply directly because of Covid.

It is certainly a negative for Ocado, but I think that they are much better placed than the competition to deal with it.
The main resulting problem will be pay growth, so it will be important to keep the work force to a minimum.

One important step has already been taken here. Ocado Solutions are working with the two robotics firms purchased before Christmas to develop a robotic packing line to do the final packing of customer orders - hence reducing the work force in this area. They are also looking at reducing the packing time.

The other main area that needs consideration, in my view, is to develop a Click and Collect network to compliment delivery, this would also need to rely on robotic technology - at least at busy collection sites - Ocado do have a collaboration going with another robotics company in this regard. Reducing the reliance of delivery, will be important, not just because of wage costs, but it is also likely that fuel costs will increase dramatically as well.

I think that that was the drop that wasn't a drop - some share listings didn't record it.
The SP has adjusted back to 4.85p this morning without any trades.

We certainly seem to be seeing some traction in MKS.
Real world shares backed by solid financial achievement are coming back into fashion after Covid.
Its important to have a balance of shares in your portfolio, including some that are actually valued on the quality of their assets rather than their perceived future valuation.
Maybe with inflation on the horizon this will become even more important.

Tesla stock shot up again today, back over $100, the steepest rise this year - a good indication that the "gamblers" are back investing in US tech stocks.
Like it or not, this does have a direct influence on UK tech stocks such as Ocado and UK investors need to take note.

We seem to have reached a stage with the US tech stocks that a piece of negative news is jumped on and precipitates a short attack on the stock. With such an unstable figure as Musk in charge of Tesla there are rich pickings to be made.

It seems to me that investors - not that they can be regarded as investors in the true sense - are flocking to the brand rather than anything else with these leading US tech shares. Its the only thing that explains their inflated valuation.
We don't really have an equivalent in the UK, although Bitcoin "investors" may be little different.
Musk, certainly plays to the audience and clearly enjoys the adoration, although I rather think that the guy and his company may self combust at some stage.

NASDAQ Futures currently up 4.5%

NASDAQ futures now up 4.49%

AssetStripper looking to be the next shorter to get burnt - NASDAQ Futures currently up 3.73%

This sounds good for Enquest, especially if Waldorf can help finance the development of Bressay.
Maybe Waldorf could take a bigger stake in Bressay to enable Enquest to diversify with a new field elsewhere to even out production in the coming years.

Exactly, there must be dozens of potential sites for mini CFC's - if not into the hundreds - in small City's across the US that Kroger could consider for example.

https://www.londonstockexchange.com/news-article/CNE/sale-of-interests-in-catcher-and-kraken-fields/14892372

It looks like the punishment may be easing - hopefully.

In fact OCDO is now a strong buy.

A very well done to anyone who brought in below 2000p