Member Info for chilting

Looking at this logically - if Ocado thought this was a serious issue we would have had and RNS this morning - clearly a lot of people were aware of the issue yesterday - we all saw the change during yesterdays trading.

Also I think the SP would have carried on falling - clearly it is just private investors who have taken fright or had their stop losses taken out who have jumped ship.

Just hold steady.

SP is recovering at the moment.
News report seems to be accurate - I found it on Reuters website.

https://uk.reuters.com/article/idUKKBN26M5VO

Could be a large short taken out at the year high that has now triggered a lot of stop losses.

Yes, yesterday's blip also affected my other tech holding CWR - I have noticed that happening before when we get an unexplained blip - CWR has also recovered today - so yesterdays fall seems to have been down to the vagaries of the market.

Already on the move today - bring it on!!!

Certainly not getting knocked back as anticipated - looks a bit like ITM when it was going strong in May-June - with the same green propulsion.

The next load looks like it will be on Ingrid Knutsen according to the Orkney Harbour Board so that means a STS in Scapa Flo.
No dates yet and IK is still at Rotterdam unloading her last cargo.
The last tanker left on 23rd September just 8 days ago.

SmokinAces
I just say it as I see it - regardless - in reaction to events - no other agenda.

I love this bit - its so utterly and completely wrong.

"There is an elephant in the room with Amazon, which could strike this sector hard with innovation through technology at any point," she said.
"This is a fact that must play on the mind of chief executive, Tim Steiner, and should make sure that he doesn't become complacent," Ms Palmer added.

Full report is here - if you can bare to read it.

https://www.bbc.co.uk/news/business-54352540

Falesta - its actually much better than that longer term - I wrote this post back in August.

One relevant point is that their manufacturing facility is running at just 10-15% capacity and even at this level can produce revenue of $15 million - the revenue can be doubled with just $0.5 million capital expenditure to $30 million.
So large repeat orders won't be a problem - in fact the total capacity could rise to between $100- $150 million revenue if the orders are there.

The Amazon tie up with Morrisons has strengthened with the news that Morrison's are to hire an extra 1000 staff in 50 stores to handle Amazon prime grocery deliveries - I guess its only a matter of time before Amazon take over Morrisons.
I think that we are now getting some clarity on Amazons plans, maybe the next step with be a fleet of temperature controlled vehicles so they can handle frozen goods.

It seems Asda will have a new owner soon - I guess they may move down market to compete against Aldi and Lidl.

Tesco seem content with their online offering but it would be great if they or Kruger purchased the other 50% of Ocado Retail.

Sainsburys are dead meat.

The key to getting vaccines early will be to remove a large part of the liability, should something go wrong, away from the pharma company to the nations who are using the vaccines - just as the EU has done with the AstraZeneca vaccine.

The EU have taken over most of the the safety liability in return for a much cheaper deal on the vaccine - so as soon as their state medical authorities give the green light the politicians can make the decision.

londoner
If Enquest do make another acquisition it would be much better if it wasn't oil.
For the long term future of the company they need to make the move towards renewables.
The obvious move for all North Sea oil companies is wind power - the technology and expertise are easy to adapt.
The number of wind farms off the coast is expected to continue to increase at a rapid rate and the regular replacement of turbines will ensure this continues.

Squif
AB seems to have done all he can to make Enquest operationally efficient with excellent results.
The dilemma is that the company is doing little more than paying of debt with Brent continuing to trade flat.
He will now, I think, look at debt restructuring as a way forward to get the company out of the rut it is in.
That will I think also result in an equity raise to pay down part of the debt.

All as expected - excellent progress - finances look solid and are improving all the time - interims will tell us much more.

https://www.bbc.co.uk/news/av/business-54350046

The economics simply don't work for the discounters to offer home delivery, their margins are too slim.
Basically, anyone who wants cheap groceries will have to go to the store and collect.

They could however, have an online offering with click and collect - maybe that could be warehouse sorted, so Ocado could provide CFC's???

I doubt that would cause problems for Ocado Retail because Aldi are not a direct competitor and it would be a headache for the big 4 - so a win win.

I cannot see any positive price movement for Brent until OPEC+ come under supply pressure.
At the moment they are restricting supply to hold Brent in this current narrow price band - I can see this continuing right through 2021.
Maybe by Spring 2022 things will start to change and demand will start to outpace supply but with renewables continually taking market share that cannot be guaranteed. Also if the US or Venezuela ups production again that could tip the balance back into oversupply.
The only things that may tip the balance and push up oil prices is a war in the Middle East.

Just to give an idea of the implications of IC's fence sitting, this is from October 23rd 2019 - I would suggest that we could see a similar jump in the SP at Ceres by next Autumn.

"IC View 23rd October 2019
At 1,278p, Ocado’s shares are up over 60 per cent in the year to date. Though the group commands an undemanding enterprise-value-to-sales multiple of around five times for FY2019, based on Peel Hunt’s sales forecast of £1.75bn, we remain neutral until the full impact of the joint venture becomes apparent. Hold."

Today Ocado's SP is 2,885p and their market cap has just overtaken Tesco - IC still rate them a hold.

IC still only rates CWR a hold but they base that on this years increase in the SP - maybe they should have tipped it last March when they last reviewed. Also they want to see more commercialisation, but if that's the case why do they bother to review growth companies at all.

"IC View
With its asset-light business model, if Ceres can achieve mass commercialisation then it could offer a very scalable and high-margin business. “Like ARM did for chips, we are trying to do the same thing for energy,” says chief executive Phil Cauldwell. Amid surging interest in hydrogen stocks, Ceres’ shares have more than doubled so far this year and it is tempting to ride that momentum. But guarding against any potential hydrogen hype, we’d still like to see more progress on the commercial front before diving in. Hold.
Last IC view: Hold, 303p, 16 Mar 2020"