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Basket becomes not only big in size but also more expensive.
Except for weekly groceries, makeups, pet food, clothes are gradually added into weekly baskets. A makeup item costs around 20-30 quid.
https://www.mirror.co.uk/money/shopping-deals/charlotte-tilbury-makeup-now-available-23627241
https://www.ocado.com/search?entry=harlotte%20Tilbury
People are getting used to receiving weekly deliveries at the same time each week, which means fewer interrupts from other random deliveries and reduces delivery costs.
Online shopping is the future and Ocado is the best profitable solution.
I topped up based on loss/profit ratio.
The SP may go down / up and we cannot predict. But the current price is a good entry point with a good loss/profit ratio.
I will top up again if SP goes down.
In June / July 2020, institutes collected lots of shares at 1950. So it will have strong support around that price.
Also, if we see the volume of the last two weeks, how can institutes distribute shares in such a low volume.
Neil, I respect your investment strategy "buy and sell equities!". It's your money so you are the boss. Your strategy is suitable for you. I guess you are retired and have time to focus on the market and buy and sell hundreds of times.
We have a job in week days and do not have time to do day-trade or swing trading. So we select long-term trading.
Let's respect each other's strategy. Thank you.
Hedged, I totally agree with you that "Why to invest in a stock which makes 100% when you can invest in one that makes 200%, 300% or even 800%." and that "we can exit at 2750 and then buy it back at 2100."
BUT, predicting the market is very very difficult and I know I do not have the ability to predict it. So my strategy is to select a good and promising stock and grow up with it. When things happened, one may jump to the board and tell everyone that "I told you to exit at 2750 so that you can jump to the boat of IAG and TUI to make 700% profit, and then buy ocado back at 2100." Sorry sir, I am not an oracle and I believe I do not have the ability to predict the market. There was an oracle on this board and keep telling us what will happen in the future. But his telling is not always true, and he loses the money and disappeared.
What I do is respect the market, and do a good job at position management. When the SP goes back to a cheap price, top-up a bit to increase my profit. If I am wrong, then cut these top-up shares. That's it. Simple.
Topped up a bit.
Three reasons:
1. SP is cheap now.
2. Ocado hides many good news.
3. Even Boris does not believe the roadmap. The roadmap is used to give us hope. If you guys take a look at the data of Israel and UAE, they still get many new cases even 80% of people are vaccinated in Isreal and more than 50% people in UAE. The pandemic is a long way to go and we are likely to get the third wave in the next winter. This is the reason why Oxford is doing research on new vaccines.
Thanks for the info about 3,037 shoppers, Neil.
It worths pointing out that these shoppers do not use all the online services. How can we tell a grape is sweet or not if we do not eat it? Hence, the survey results cannot rank the online services.
This is the same story regarding National Student Survey Results about student satisfaction rates at their universities. The results are based on 310,000 students from 396 universities. Cambridge and Oxford are not in the Top 100 list. Imperial ranked 97th, Manchester ranked 102nd, UCL ranked 114th, Edinburgh ranked 136.
The top 10 universities are:
1 Brighton and Sussex Medical School 96.43
2 University of St Andrews 92.73
3 Conservatoire for Dance and Drama 92.31
4 Writtle University College 91.77
5 University of Law 90.73
6 Stranmillis University College 90.72
7 Harper Adams University 90.41
8 Robert Gordon University 89.96
9 Aberystwyth University 89.87
10 Guildhall School of Music and Drama 89.78
I don't think that the survey results are based on a large survey pool (say 1000 people), who used all the online services. To be fair, I don't think their survey pool is large enough, to tell the truth.
Personally, I use Ocado once per week for groceries (meat, vegetables, and fruits) and Asda once per month for toilet rolls, washing liquids, and laundry stuff.
So I am able to score both Ocado and Asda online services. Ocado does a better job than Asda.
I did not use other online services, so I could not score them.
Be patient.
fall due to the news of lock down lift roadmap.
The fundamentals of ocado is the same and the trend of online shopping does not change.
The stock market is not a place where everyone can earn money.
In this dishwashing period, some investors sold the shares and jump to another boat, and some believers decide to hold and stay.
Jimmy. Be patient and be friends with time. We will get more profit as time goes.
I hold this share since Mar. 2020. The journey is a pain in the ass but profitable. We came to this market for money, not for the joy of gambling. No pains no gains. :)
The bottom is higher than Dec (around 2200). The trend is still up. What we need to do is "HOLD".
Buffett said: "Doing Nothing is Often the Right Thing to Do" :)
Thanks for the post, Neil.
The valuation of technical company is different from the traditional industry.
The revenue of Kroger is 122.2 bn USD in 2020 with a market cap 25.57 bn.
The revenue of Tesla is 31.5 bn USD in 2020 with a market cap 805 bn.
The revenue of Toyota is 275.4 bn USD in 2020 with a market cap 245 bn.
From the above case, one can easy to see the difference. Technical company develops new products / business models to prove its concept in real life scenarios. Market still gives high valuation to the company, even if its revenue is not a big number.
In 2007, Steve jobs introduces the first iPhone, opening the new era for smart phones. Apple SP soar even not a single iPhone was sold in that day.
Indeed, making the first prototype of the iPhone costs millions. Now we can buy an iPhone for 1000 USD.
Similarly, designing and building the first prototype of picking up robots, micro CFC (zoom), mini CFC (Bristol), standard CFC (Andover), big CFC (Erith) costs lots of money and time, which forms Economic Moat. Competitors need to spend the same time and money to catch up.
Also, in the future, the cost of building, say 100-200 CFCs (i.e., 200,000 robots), will be cheaper and more efficient than human pickers. Furthermore, as time goes, the communication speed (4G --> 5G --> 6G), CPU speed, and battery life, etc. will make the robots more efficient, more powerful, and much cheaper than the first generation robots using in the Erith CFC. Compared with the cellphone we used 10 years ago and the newest iPhone 12, which is the same cost but totally different functions. However, the speed of human pickers will be the same and the cost of that will be increasing as time goes.
In the long term, the cost of human hand pick up increases while the cost of robots decreases. The cost of making the first protopyte robots is expensive. But it will be cheaper as the number of robots grows.
I think it will up tomorrow.
The market and institutes are preparing for new ever high.
1. The volume this week is low.
2. Smart money may get the results while auditing the annual report or from other channels. This might be an explanation for the rise of the previous three weeks.
3. A off-book transaction (94,251 shares around 10% day trading volume) happened at 16:17 with SP 2,808p while the SP is 2750p in the open market. Smart money got the news to buy shares.