Member Info for edtheeuph

On the Ocado careers website it looks like they are being offered £3 an hour extra on top of £12.74 p/h . That's a significant increase!

Couple of massive buys this evening! What's up?

So much gubbins on here now. Just read the Kantar report. Awesome growth in ocdo.

Well it m still up >50% at the moment and happy to ride the coaster.

I wish 200k was peanuts. Oh to have your wealth Neil...

I think tomorrow morning will be a shorters wet dream... They'll make the most of the uninformed selling, and try to predict the bottom before the price rockets back up again when ocado announce they have swiftly recovered from the setback. Call me old fashioned but I find shorting and deramping just frightfully unsporting. It devalues the work of people fighting to improve their companies, and is pure manipulation. Yes that's probably naive, but I also believe that the truth willout, and Ocado will end up back on top. If it wasn't for some of my other investments also taking a nose dive at the end of last week, I'd be transferring some of those funds over into Ocado to also take advantage of the shorters/MMs activity and look forward to reading the rewards later. Got some tough decisions/gambles to make next week!

Each year, >35,000 car fires happen accidentally in the UK. By pursestrings logic... Even with the ability to change gear, driving simply cannot be allowed to continue. https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.fireservice.co.uk/safety/vehicle-fires/%23:~:text%3DEvery%2520year%2520in%2520the%2520UK,as%2520an%2520act%2520of%2520vandalism.&ved=2ahUKEwiI7IuIwerxAhVJ4eAKHaPkBvUQFjABegQIAxAF&usg=AOvVaw3MYGkiK5VItHYlYGWUe1Jd
Just a little perspective.

I'm guessing you don't share my engineering background then.... Mechanical and physical interlocks are generally put in place to protect humans. All reports show that no human was harmed, and if so few robots collided, and none of the other few thousand did, given that they are all running around the grid together (check out some recent YouTube examples) then the existing physical and mechanical interlocks will have been successful. You can't oversimplify an advanced tech system with a simple 'it failed therefore it's unfit for purpose' no-one would set foot in a car/plane/train if that were the case.

Remember... It's a 24/7 operation with some of the world's best engineers in multiple global locations. Don't confuse the response with that which you'd get from your IT support amateurs in the average office environment.

A fair while? I doubt it. As a tech company, safety interlock software can be changed in a matter of hours... And it goes without saying that reviews of that would be carried out across all sites... And more than likely were within hours of the incident. It wouldn't surprise me in the slightest if that was already complete!

https://www.independent.co.uk/news/uk/home-news/ocado-fire-erith-robot-warehouse-b1885814.html Yep... Just 1% of the grid according to the Ocado statement here. That's a massive contrast to the Andover fire, and the 2019 Erith fire was also a minor fire in a skip outside. A major relief for us investors too.

Quick Google... FM Global are the main insurers... They only made 1.7bn USD last year, so clearly a bunch of amateurs....

Risk of fire is the same for most companies....
Amazon Fife, fire Nov 2020,
Tesco, popley mar 21,
Sainsbury's Portsmouth 4 days ago,
Optima trade park, sept 2020
I could go on... But you get my point... No company is immune to that risk.

It's not a regular feature K. And the damage caused this time is clearly considerably less.... And that's at a site (Erith) built BEFORE the Andover fire which was completely destroyed. Ocado learnt many lessons from the Andover fire and all subsequent buildings and equipment have been designed and built with those lessons very much ingrained. Insurance will pay out, including for loss of earnings, so long term, not as big as an impact on company finances. In the same way as Andover event accelerated the Erith sales ramp up, this will undoubtedly accelerate the new sites , which in a way is a great advertisement for the resilience of the system and company. Looking at London fire brigade reports this morning, 0 casualties, and with site over the river opening soon, staff will have somewhere to work whilst any clean up happens, so most importantly, no-one is harmed.

Booboo I was hoping to get some help in understanding from the experts on this thread... Item 22 said about purchasing deferred shares... I just want to understand it more. If it's only nominal, why all the jiggery pokery with purchasing and dates...?

Agree with the comments below about exponential growth... (Up to country capacity) I think Kroger started as 2 , then 10, now 20.... Sobeys 2, then 4.... Aeon 1, then 2... And the books already starting to get positive figures from fees, which are based on mid ramp up volumes, so this will only get better as they get to capacity. New sites are ramping faster each time, due to the whole thing becoming more routine and we'll practiced... It Will be interesting to see how fast Andover ramps up next month... That will be a great indicator of potential, ready for annual results next year. THATs when things will get motoring on the SP I reckon. I'm sure shorts playing games between now and then will keep this board busy, but won't be changing my position of topping up regularly whilst the price is still favourable. Once we get back over say 28 (see target below) , I might start being a bit more cautious because the volatility Vs profit might be a bit too risky for my blood... But still got plenty of legs til then. (In my personal opinion dyor etc)

What I thought was particularly telling was.... Auchan have jumped on the Ocado train AFTER casino in France... They are one of casinos competitors and missed out in the French market.... Can see how well it's working for their competition and have chosen to give it a go in Spain... It's got to feel risky for them NOT to get exclusivity in their other European countries, so I wouldn't be surprised if other deals follow fairly soon after via Auchan, so they can get ahead of the game! (And they're probably feeling lucky that bonpreu doesn't conflict with its Ocado storepick option)

Or does as soon as practicable after the split rely on distributable funds... i.e. at such point as profit returns to a high enough level, or the company is bought out? (And is that something they can apply to only some shareholders, Allowing directors and staff holders to be paid first, with external holders at the back of the queue?

Sorry.. £0.24

Reading up.. no , can't trade deferred shares... does article 22 mean that shortly after the split, we all receive 0.24p per share (if passed in AGM) before they are the cancelled?