Member Info for hedged

Although I think the vote will pass, I can understand why people would vote no. Its natural human behaviour when feeling resentful or angry that you want to spite them, irrespective of if it negatively impacts themselves.

I'm still invested but top sliced around 300.

This looks to part of a bigger sector rotation going on. Online retailers are all down today and yesterday. Who knows where the bottom is but demand is still increasing and the growth rates are still extraordinary.

Where is the bottom of this sector rotation?

AO World, Boohoo also down. Looks like a continuation of sector rotation.

If this decline continues across the markets, the nervousness we see on this board and others is going to continue. The question I have is when will you sell to buy in cheaper?

JP Morgan always have jobs going. Bournemouth is their operations and technology hub. Bournemouth has nothing to do with consumer finance or retail banking.

I think you are reading too much into that connection.

Did I hit a nerve shagger or are you getting nervous about the SP? Where do you think the bottom is?

Neil, you are absolutely right.

It was obvious that everyone was eager to get out of their homes, that meant that online would take a slight knock. The question is what online shopping is permanent, will people go back to buying from zara instead of boohoo? Do people prefer ADSA to Ocado? I wouldn't underestimate the feeling of normality for the next two years where we all yearn for being outdoors.

There is positive correlation between opening up of shops and the fall in online shoppers. People are starting to head to work, people are choosing leave their homes for a sense of normality. This will continue throughout the summer.

Sector rotation has been happening for the last few months. We can see it in the declines of SP of stocks like Ocado, Boohoo, AO World etc. I like all three companies and the online sector in general, but not in the short term.

The short term decline in online shopping will continue as more people embrace going out. Why wait around indoors when you can be outside for the summer.

There is no political or social appetite for another extended lockdown, especially in the Summer. Winter might be a different story.

Regarding the share price action, the rise from March til Dec was a one-off and wont rise again even if we enter another lockdown. Sector rotation is happening.

Just to clarify, that 864k shares is not mine.

Itll be interesting to see where the new normal is in terms of in store shoppers. The short-term decline in online shoppers was inevitable as people actually enjoy being out and about.

Do the management get a bonus when it reaches 40p?

Why do you think we down approx 10% over the last week or so?

I expected only a 40% rise in revenues to 1.4bn buy achieved 60%.

The whole market looks to be down tough. No-one in the retail space has risen at all in the last month or so. Boohoo, Ocado, Asos, all down. Dunelm is probably the only exception.

JP Morgan Chase is also the name for their US retail division so it's not an investment banking division too. It's more like that JP Morgan Chase signifies the whole company whereas JP Morgan Sec. PLC signifies their IB division.

I stated a few weeks ago I thought this was just their Asset Management division. Looks like its their IB instead making the investments.

And what is the difference?

The name has also changed from JP Morgan Chase to JP Morgan Securities PLC.

Most IBs will subscribe to other IBs equity research. I have a a dozen or so friends across various IBs in London and NY who regularly read research notes on various products. I doubt an IB will initiate coverage on Amigo as it's far too small, but boutique firms will definitely initiate coverage if they want Amigo as a client. I've never heard of Everest but I assume it's a boutique research firm.

The real milestones are where Ocado makes a continuous profit. Everything other plastic milestone is rhetoric.

What are Ocados own forecasts this year for EBITDA and net profit?