Member Info for hedged

Incredible trading update. 60% increase in revenue and 320% increase in EBITDA. Huge cash pile too. UK and German online both contributing significantly to revenue.

The longer Ocado dont make profit, the sooner they will have to raise funds so it's not out of the realms of possibilities.

If it's his own research then it shows how much knowledge AssetStripper has about Ocado and its finances.

Itll be interesting to know the logic used though.

AssetStripper,

Where are you hearing about the raising of funds?

With 10th May only 5 weeks away, anyone else wanting a drop to 10p?

I already have over 1mm shares but topped up the ISA and sold others to take advantage of any dip that happens.

Volcano - MACD has moved into bullish momentum and is now starting to rise. Looks like you were right.

With the RSI at 60, I can see the SP moving to 375 with minor pullback on the way up.

Hello fresh? Just eat?

I thought Ocado was a technology company, not a food retailer.

AssetStripper,

The best quote was from AllAtSea. Its the scrapping from the bottom of the barrel sort of stuff that you have to rely on such delusion.

Why cant they just show confidence in Ocado winning their cases irrespective of who is on the other side?

OWLS - by looking through my posts you have obviously seen my advice at 2,500, otherwise you would have disputed it.

Regarding my quote, I'm still of the opinion that lockdown has helped online retailers like Ocado, Boohoo and AO world, fundamentally.

Technically, the indicators didnt extend their buy signal so, when the evidence changes I have the right to change my mind. Do you discourage a flexible mentality?

Exactly Neil.

I dont understand why people blindly remain in a stock that is clearly over-valued and to then watch it fall 30%.

But what did surprise me was that OWLS attempted to ridicule others for getting out at the top instead of asking why we knew this was over-valued. He chooses to call people names because he doesn't want to listen to opposite opinions.

I'm happy to sit on the sidelines for now until this become undervalued. This is heading further south after April.

OWLS - If you look back at my posts you'll find I sold out at 2780 and stated on here at 2500 that it would fall to 2100.

I've made huge gains here, sold at the top and stated pretty clearly where the share price was heading.

The irony is that not only have I made more money on this than you, but I have adapted my opinion to the current economic environment and recognised this was over-valued.

Does ATYM hold any debt, cannot see any repayments in their CF?

Also, why is the net profit margin so low for 2020 and is this expected to increase above 25% this year?

You seem incapable of countering his valid arguments so resort to rhetoric.

You seem to choose not to tackle Phil on his criticism. It's easy to dismiss his view because of a call he made. Everyone thought this was going higher at 2,800 but their analysis might have been valid.

Chilting - if Ocado waited 5 to 7 years for the plants to grow, they should be trees by now. You are still waiting to see shoots to stubbornly show.

How long did it take for Amazon to make a profit?

But you cannot dispute his claims about EBITDA?

It's easy to claim someone missed the opportunity to hide from their specific criticism.

OWLS - I'm not surprised you dont understand. Maybe ask Neil to help, he doesnt need help to understand it.

Has anyone read the piece by Phil Oakley in IC? He highlights the exact point as to why Ocado chooses to detail their results in terms of EBITDA instead of profit due to the want of purposely not disclosing certain costs like computer systems and Van's which have contributed to losses each year.

It was mentioned in the context of the Deliveroo IPO and why it keeps making losses too.

I would tend to agree. Relending will start only after the vote. Organising staff and credit lines with banks will be happening in the background but nothing will presented to the market before 10th May.

That's exactly what I've said. EBITDA is not profit but instead earnings before...... . The critical point is its earnings (and not profit). Its so basic it's in the name Valueplay.

Valueplay - EBITDA is not profit. EBITDA is earnings before etc etc. Profit starts with PBT at the earliest stage on the PnL.

One minute its said they reinvest their profits, the next its said using profit as a valuation metric is pointless (because they dont make any profit).....pick your argument.