The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
When the board are contacting 700,000 previous customers to get the scheme to pass, then you know the feeling amongst the current 300,000.
Personally, 49.9% is far too high too.
However, I'm an investor at the end of the day and I couldn't care less about the specific details of one individual getting redress or not.
To be honest the comments in the piece were fair. The FCA are meant to protect us as consumers and if it is seen that "fat cats" are being rewarded off the backs of a lack of redress then this will only encourage other lenders to do the same, which shows the protection is not there.
However, the comment was perfectly valid when it stated that if Amigo fails then you will see a rise in more scrupulous sub prime lenders ripping off customers because the opportunity is there to do so.
Ultimately, I believe this will eventually pass, but could be amended some what. I like Amigo longer term too. There is demand for their services.
500% is a random number someone has picked out of the air.
The reality is that technological advancements will be made and online food shopping will get bigger. But physical shops will still play a large part.
Regarding Ocados technology, no doubt their technology will be consumed by those who want to improve efficiency and to decrease costs. But for Ocado, as Physical shops will still operate, there is a limited to their to the potential as people will still want to shop in the stores.
For me, this will only become a compelling investment case if they can turn huge profits and their market cap is much lower. Currently over-valued for me.
OWLS, I stated pretty clearly that getting out the house is a luxury atm. People make a reason to go for walks, pick up the children from school or pop to the supermarket just to get out the house. I think you mis-emphasised why these "chores" are suddenly more enjoyable.
I believe Ocado only hold 3.5% of the market share of food shopping. If people believe that online is the future and Ocado has the technological advantage, then this is going to 20% within the next 5 years.
I would say getting out of the house is a luxury atm. I enjoy going to the supermarket and it always has what I want. There is an overall trend towards online shopping though, but I think different sectors are predominantly online (Books, DVDs) whereas food shopping will always have a physical presence.
The next obvious question is can Ocado occupy and retain a market leader in the online segment of food shopping.
"Tough time to be short currently" - not really. It's been falling for a good month or so.
Plus, the director only bought in last week. If Warren Buffett cannot predict the stock in the short term, Jorn certainly cannot. Plenty of time for Ocado to hit 1500.
PP - it was a joke. I'm not invested enough in other peoples opinion of you. If you're correct, bloody good going. If you're not, I'm sure you (as well as I) will make a ton of cash either way.
I've seen something similar only a couple of weeks ago. When I went to look at the large trades which usually appear at 16:35 on here, I saw that LSE stopped showing trades past, say 14:30. I posted my findings on here at the time but no explanation was found.
It isnt a binary choice of declaring profits or reinvesting. Any profits will be taken over to the balance sheet irrespective.
You sound like you are making excuses as to why they havent made profits after 21 years.