Member Info for edtheeuph

Seems to be creeping up already!

https://youtu.be/Ll9Z18fMBu4. Done a bit of research into the 6RS product range and Shopify... Shopify were tipped to be the Canadian rival to Amazon... Presumably because of their use of 6RS tech, in combination with some other apps and logistics spaces to boost their traditional retail offering. It looks like they have decided they don't know enough about running tech companies, which is distracting them from their retail expertise. So whereas Ocado decided to concentrate on Technology, they have decided to concentrate on retail. Looks like they will still use the kit, but selling the 6RS tech company to raise cash to save themselves from making a loss in this FY. (Inflation pressures on the retail business) . Ocado appear to have snapped up this pre-existing, launched, reliable product (at a bargain price one assumes if it is too low to have to declare the details!) which will save a lot of development investment making something similar for their own automated fulfillment portfolio. (And have it available immediately too!) Sounds like a really sensible investment to me, and might even accelerate the signing of new contracts, now they have an even bigger range of ways of optimising storage/ picking of goods. The other bits Shopify sold off appear to be services/apps that Ocado already have and are experts in... Which an optimist might see as being able to transfer shopify's 'potential to rival Amazon ' over to Ocado... I'm definitely holding tight to see where this goes.

Might be off the back of the Japanese launch? https://prtimes.jp/main/html/rd/p/000003745.000007505.html

Have you seen the Ocado IP news? Total win on the Autostore front, giving Ocado more freedom to expand rapidly without fear of a bad court judgement. That should ease the expansion of the Joint Venture with MKS, I see this as a major turning point for both companies!

I've been biting my tongue as a long term holder, and getting really really bored with the constant reiteration if misery from the obvious dispicable shorters. It gives me a large warm fuzzy feeling thinking of their increasing losses as this builds on the great news. I suspect there are multiple potential clients who have been waiting for this IP news to take advantage of the awesome tech available here. Onwards and upwards!

Anyone on this board know much about what goes on behind the scenes with company sharesave schemes? - do the administrators of the schemes drive down the shareprice to be able to buy enough shares at the option price (or lower to make some additional profit?) to be able to fulfill those options after the 3 year point?

I've just bought another chunk - Looking at the results that much lauded 'loss' looks like planned investment to me - and enables the consistent and steady revenue flow from the global clientelle using the tech. Yes, it's a bit of a gamble with regards to how much more they need to invest in cap ex before the revenue starts to tip the balances back - but I'm quietly confident in this on my longer term investments. definitely feeling baby-bullish :-p

Wow, they provided that based on ~1800 people surveyed. Not a big national survey then...

I'm abroad and haven't received my pack... What's payout date this quarter?

And the online mks experience through the Ocado app is even better IMHO

Tony, don't worry, we are all used to justnotworthits over exaggerated doom mongering. Just ignore it as trying to push the price down artificially.

Buy or sell?

@Mahon - whats niche about storing and delivering products - if they can do it with Grocery - which is possibly the hardest product to maintain and handle - surely they can do it for almost anything? Which Suppliers become competitors? and who says Ocado aren't cheaper and better? From what I understand - they wouldn't sign a contract of it wasn't going to make money - and they wouldn't be setting up to expand if they didn't think there was a market that made it worth the effort.

Agree on the headlines. All published before the briefing at 9:30 where the business plan made it clear how solid the business proposition is and how resilient it is to all the meta influence at the moment.

Value... I think you'll find they won't announce extra CFCs until last minute, despite planning them, as it means that they (overseas customers) retain some market secrecy and confidentiality etc.

And regarding customers drying up due to macroeconomics... I think quite the opposite. Grocery companies are having to plan even more meticulously to ensure they provide a future proof offering that is profitable. I've seen announcements over the last year from the existing customers like Kroger and Aeon who keep expanding their CFC and in-store fulfillment sites powered by Ocado, which they wouldn't be doing if it didn't make economic sense, and which Ocado wouldn't agree to build if they didn't expect the revenue to be returned from the investment of building them. Other countries big players will surely follow, and even if there's a slight pause whilst the current macro plays out and they are cautious.. they will be back. And if the grocery market gets saturated, Ocado can just simply branch out into other logistics areas. (And other emerging tech like autonomous vehicles, vertical farming etc etc are also wise moves to enter future markets)

I have to disagree hedged. I invested here because I'm an Ocado customer. The cost of fuel and time saved for me mean getting my shop online is still the better option. My 'belt tightening' financially is in reducing journeys in the car where possible and staying at home, where my enjoyment of food is alas, another reason for my belt physically tightening... Obviously there are others that need to penny pinch even more, whose time/money weighting means they have to plump for limited choice at Lidl/Aldi and half hour spent in a queue, but I believe the vast majority of Ocado customers value the ability to complete their shopping in 10mins from the comfort of bed, then an extra hour enjoying time with family/getting fulfillment from hobbies is much more valuable than an expensive trip in the car to trudge round a physical store. I grew up on a council estate eating cheap tinned food on toast, and worked bloody hard to get out of there and be able to afford 'nice' food, so it's one of the last things I will give up. It's all about target demographics perhaps... But I don't expect to see much of a shift from existing customers away, it's too good a service. On top of that I'm also professionally an engineer... So I appreciate the technology offering from Ocado as genuinely exciting with massive potential. I think sometimes the focus on this board tends to be purely on market manipulation and trends... If you look beneath the surface, there's so much potential in this stock!

Coop may use deliveroo... But at what cost? Are they loss leading to retain some market share, or actually making a profit?

Then I guess they'll I'll either close that short now before it climbs back up, or try to manipulate it back down?

With the additional condition of paying to rebuild the destroyed cities and repatriation costs of all the people they have displaced