Member Info for chilting

Valueplay
I sold WTB and just chose MKS because I think it will bounce back much quicker.

The catalyst for an improvement in the MKS SP isn't when the economy turns the corner, its when we get a vaccine - that will be when sentiment changes and the bull market resumes. I know that isn't logical but then logic doesn't rule share prices.

Following that same illogical route, its possible Ocado's SP could fall back as other stocks that have been affected by corvid rise - hence eggs in one basket etc...

The all seeing venerable oracle has a case of verbal diarrhoea.

RBC RAISES OCADO PRICE TARGET TO 2,500 (1,350) PENCE - 'SECTOR PERFORM'

Financial realities may ground the SP but it is sentiment that defines it and logic is often ignored - that is why it is a good idea to spread your investment risk.

All macro today - following the Asian markets on recession fears.

Presumably they are of the opinion that the SP will rise as corvid fears retreat - the broker ratings back up this view.

As soon as we get a vaccine stocks will start to rise - ahead of the reality that it will only be available for a very small percentage of the population.

Market sentiment can change very quickly and we could very quickly be in a bull market - the stocks that have been the worst affected by corvid could put on big gains - that is why it is a good idea to spread your investment risk.

If BlackRock intend to close their short the next few days trading should provide them with an ideal opportunity.

Another reduction by BlackRock on the 22nd September.

Blackrock have reduced their short position 5 times since the 16th September taking it from 1.21% to 0.72% as of last Tuesday.

Overall headline shorts are now just 2.62% - Pelham have the only other listed short at 1.90%

Good - that makes sense.

Its all far from clear and based on this BBC News story from this morning -

"The measures announced by Boris Johnson yesterday mean all hospitality businesses will have to offer table service. That's prompted concern from fast food restaurants such as McDonald's - where customers usually get up to order from touchscreens - and coffee shops with counter service.
Foreign Secretary Dominic Raab told BBC Radio 4's Today programme: “My understanding is that you need to be able to order from the tables.”
He said the aim was to avoid "the milling around and the social interaction" but said the government guidance would make it clear for businesses."

I am not sure that M&S could offer table service - it may not be logistically possible or even viable???

NO is on her way to Scapa Flo - a 26 hour hook-up probably indicates a load of about 500k.

it looks likely that M&S will have to close their cafes again - except for takeaway - the new regulation's specify table service only - low value chains like McDonalds are also likely to be affected.

At their Battery Day presentation yesterday -

"The main announcement was Tesla's new larger cylindrical cells. It was claimed the new batteries will provide five times more energy, six times more power and 16% greater driving range.
But the technology announced is likely to take years to implement.
Tesla's approach includes integrating the battery so that it forms part of the structure of the vehicle, thereby reducing the effective weight of the battery."

Only a 16% increase in driving range - battery integrated into car structure, how is it changed? - no time frame - pipe dream promise of a cheap car in three years.

Small wonder that Tesla shares shed $50 billion in value.

25 hours and counting.

Aimigo
Ocado still has a long way to go yet - this is a global company with a major technological advantage in a massive industry that is transforming rapidly as a result of coronavirus - consumers around the world are demanding home delivery of their groceries.
M&S will also benefit, providing they adapt the rest of their business, but the winner will always be Ocado.
Valueplay has all his eggs in the Ocado basket - personally I prefer to spread risk - but in this instance he will probably come out the winner.

China's decision to go carbon neutral by 2060 with peak emissions in 2030 is a major step forward and could give Ceres and their Chinese partner Weichai a massive boost.

https://www.bbc.co.uk/news/science-environment-54256826

Out of adversity comes opportunity - the chance to turn a negative into a positive - M&S now have that opportunity.

The board have, it would seem the next six months to finally get rid of the unprofitable high street stores - use the coronavirus as a reason to close them - redeploy or make the staff redundant and don't open them again.

We now have another major reason to be optimistic - shorts have reduced.

Blackrock have reduced their short position 4 times since the 16th September taking it from 1.21% to 0.83% as of last Monday.

Overall headline shorts are now just 2.73% - Pelham have the only other listed short at 1.90%

More good news.
As the hook-up continues there is confirmation of a STS with the tanker KMARIN RELIANCE in Scapa Flo - so it seems likely that this load of Kraken is probably Singapore bound for the bunkering market.

We have a hook-up - around 07.30BST.

Around 11 days since the maintenance period could have ended - assuming it was 7 days.

I think we can conclude that everything went very smoothly.