Member Info for chilting

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I just had this email from Ocado.

"We've got great news, there are more delivery slots available for you.
Over the past few weeks we've been doing everything possible to squeeze out even more capacity. Well, it worked, and we're thrilled that we can now offer you a delivery every 3 days. Plus, to keep planning ahead simple, you can still see slot availability up to 28 days in advance.
Make the most of your priority access and have one less thing for you to think about as the country slowly edges its way back to normal life.
Thank you for shopping with Ocado, and for your continued understanding and patience at this time.
Ocado Customer Service team"

I wouldn't argue with much of that report.
There is still one hell of a lot of work to do, that's why the SP is in the doldrums.
The point is now that the company does have the opportunity to change for the better, unlike a lot of the opposition.
It is actually a mix of what was best about British retail in the last century and what will become the new post Covid-19 retail experience - the transition will be dramatic.

It was a rubbish day on the markets today so maybe tomorrow - it did come back quite well though.

We have seen a reasonable rise since 7th July - early days.

The trouble is that they probably won't be doing the fund raise from a position of strength and that always lowers the offer price meaning even more dilution, especially for the small investors - the larger investors often come off better with preferential terms.

So that's official now - 950 jobs across the board - seems proportional.

I would guess that the majority of the main stores facing closure are in locations where a food hall would be profitable.
So in many towns it will be a case of reducing floor space or relocation.
Many of the staff could retain their jobs taking into account natural wastage, retirement and voluntary redundancy.
Also convenience stores may open in the same area so staff could transfer to them as well.

The main thing is that the business is moving on - its not the same decimation as we have seen with the catering industry as a result of Covid-19.

Maybe PMO did get a great deal but it isn't good news for the shareholders because of the dilution - especially with the SP being so low compared to the long term average.
Also they have to do a juggling act with their debts so maybe the shareholders might have more dilution to come.

This is still speculation regarding the numbers of job cuts.
Sky are very good at getting this sort of news ahead of other news organisations but the detail isn't always reliable.
Best wait for actual news from M&S.

Investors in UK Oil companies have had a bad year as a result of Corvid-19 and the resulting economic fall out but this has all been outside of the industry's control.
It is a great credit to Enquest that they have reacted in a very proactive way to cut costs to weather the storm.
It seems that investors in other UK oil companies haven't been so lucky, with one company announcing this morning that they will conclude a deal to purchase the sort of assets that Enquest have just decommissioned by raising new equity.

The pain before the gain.

The rerate will only happen when it becomes obvious that the board are serious about closing redundant retail space.
We can see the long term potential of online and the convenience market as private investors - private investors often pick up on the potential ahead of the market because the market only looks short term.
The market can only see the negatives at the moment because they currently far out way the positives - hence the low SP and the contrarian opportunity.
To quote the orange t*rd - its beautiful!!!

Certainly light at the end of the tunnel now for Enquest and Brent unless we get a bad second wave.
OPEC+ have extended their cuts until December so that should ensure limited downside.
The most likely scenario now is for Brent to very slowly rise for the rest of the year and for Enquest's SP to follow.
Looking for Brent at $48 by Christmas and Enquest 18p or thereabouts.

All retailers have to put out an offering that appeals to as many customers as possible but at the end of the day we are not charities, the primary aim is to make money.
So it is essential to constantly review operations and change things on a proactive basis in response to changes in demand for goods and services.

Valueplay
As Ocado shareholders we do tend to concentrate on the attributes of online and consider traditional bricks and mortar retailing to be dead but this isn't strictly true because consumers need the convenience of being able to top up with a few things.
The local convenience store is far from dead and this happens to be an area where M&S are starting to excel at with their fresh range - think of their stores at service stations for example.
Online and Convenience Stores are totally complementary - I can see M&S greatly expanding the number of Food Hall sites of all sizes alongside Ocado Retail.
Clothes is just a hunch, they do seem to be getting a handle on this market again.

Have you not noticed that ITX just had a fund raise???

The SP reacted in a similar way when IP sold in May then rose again the week after to new heights - hopefully we will get a repeat performance.

Its started to move.

This is just what we needed - 11.95% of the company in sticky hands with investment specialists.
Hopefully more to come.

Obviously not just us, the humble PI's, who can see the potential here - bodes well.