Member Info for chilting

Yes, as I mentioned of Friday, I thought John Lewis were hauling up the white flag - such a shame, but great news for M&S.
Waitrose are losing market share all the time - down from 5.1% in January to 4.7% now.

I am optimistic that M&S will suprise the market on Wednesday and that the SP will rise.

I am still fully expecting the SP to rebound by 25-30% when the JV is announced.
OCDO was in the doldrums like CWR is now until they announced a new customer partnership - the effect here will be exactly the same.
Marshall Wace and any other shorts still lurking bellow 0.5% would do well to continue to cash out.

Most of the Albanians making the crossing are young men who just want to earn a good wage.
They couldn't afford the price for a crossing in the back of an HGV but now they only have to pay for the sea crossing its easily affordable.
When they reach their hotel in the UK, just after filling their immigration request, they simply disappear, work illegally in the UK for six months or so and then go home with their cash.

It would be much simpler to simply offer them short term visas to work in the UK back in their native Albania, that would curtail most of the illegal immigration and provide a young robust labour source that the country needs.

I guess that with the selling pressure reduced the SP will rise to just below 0.5p over the next week or two providing the market stays fairly buoyant.

After that it's down to news from EQT.

My take is that M&S have gained customers because the competition has ceased trading or hauled up the white flag, but that customers are spending slightly less per transaction.

We saw this reduction in customer baskets with Ocado Retail and it had an adverse effect.

But I think that with M&S the modest reduction in customer basket size will be more than compensated for by an increase in customer volume.

Hence, my prediction that we could be in for a pleasant surprise next Wednesday.

Interims are due on Wednesday 9th November.

With interest rates still rising and inflation far from under control it's easy to be pessimistic but that is only half the story. We need to delve deeper.

With the macro, I think we are still getting the fallout from Covid and the cost that inflicted directly by quantitative easing and indirectly by disrupting supply chains. The black swan is still circling.

But, MKS also had a net benefit from Covid, in that many of its competitors, especially on the High Street, fell by the wayside. Add this to the advances the company have made, and we could get a pleasant surprise on Wednesday.

The rhetoric from the FED and the BOE is actually more powerful than their actions because although interest rates have increased substantially and at a fast pace, they are still low historically.

I think we are still getting the fallout from Covid and the cost that inflicted directly by quantitative easing and indirectly by disrupting supply chains. The black swan is still circling.

The war in Ukraine is a bit of a red herring - energy supplies were already under supply constraint because of Covid - although it certainly hasn't helped.

Yes, speculation was certainly knocked on the head by Powell that yesterday's large rise was the last and the BOE are also in pessimistic mode today after also increasing rates by 0.75%.

It's all part of the medicine though, they are trying to bring inflation under control and dampen the world's economies.

My view is still that although there will continue to be economic fallout, this will not be a long recession and that we will start to see the signs of recovery before next Spring as inflation falls and the Chinese economy kicks off.
The UK and Europe will probably be the last to recover later in the year.

The main point re JP Morgan's downgrade is that they haven't taken account of Ocado Reimagined - especially the new generation robotics.
This is only to be expected because the tech is still to be introduced.
Over the next 12-18 months it should become clear that the new tech is starting to greatly accelerate the CFC pipeline rollout.
Basically, it's up to Ocado Solutions to deliver - then JP Morgan can reassess their rating.

One way of getting insight into current development and operations is to look at recruitment.
This gives good insight of operations in the UK and globally, listing all vacancies from delivery drivers to management throughout the whole of Ocado Group.

Use the Area of work and Location filters to explore from this page.
https://careers.ocadogroup.com/search?size=20&sort=newest

graking
The newest tech launched earlier this year at Ocado Reimagined has greatly simplified the installation and day to day running of CFC's from an engineering point of view. They were even talking about producing the new generation robots using 3D printing.

We certainly need to see evidence of improving cash flow but that does seem much more assured now reading back on September's interims.

The SP needs more cash to hit the Bank before it will move, and current macro sentiment is also poor.

However, there growing signs that investor confidence is starting to return - it seems like China may abandon its zero Covid policy and the FED's expected 0.75% interest rate rise could be the last substantial rise.

Investors don't need to see a recovery for confidence to return and to start investing, they just need to see promise off one - we could be nearing that point and growth stocks like EQT could take off big time on good news, as we have seen with OCDO today - currently up 38%.

Valueplay
The macro may be starting to improve.
It looks like China may abandon its zero Covid policy - this would kick start their economy.
And the FED is expected to put US interest rates up 0.75% tomorrow but the speculation is that this could be the last substantial rise.

Also, it looks like China may abandon its zero Covid policy - this would kick start their economy.

And the FED is expected to put US interest rates up 0.75% tomorrow but the speculation is that this could be the last substantial rise.

All good news for a market recovery.

Valueplay
You predicted that there would be an increase the number of solutions partners as a result of Covid.
Lotte could be the first of many.
Maybe you just got the time scale it took to negotiate these contracts wrong.

It's interesting to note that this deal with a South Korean supermarket chain has been over 2 years in the making.

It was in May 2020 that we first had news that Ocado Solutions were actively looking for a South Korean partner.

I guess it's an indication of how long these deals take to finalise, especially with Covid delays, I wonder how many more are in the pipeline.

Note this news story dated 21st May 2020 -
https://www.koreaherald.com/view.php?ud=20200521000844

There is something about a big rebound in a bear market that investors don't usually get to witness - especially when the shorts run to cash out.

Take a look at OCDO this morning - when the JV is signed this will be CWR.

Back into auction - again.

That's one hell of a lot of Kimchi.

Next stop China.

Bring it on !!!
Fantastic News!!!
6 new CFC's by 2028 with the first in 2025.
In Autostores back yard!!!