Member Info for Infor

Shorters are still slugging it out, but I notice one has reduced their exposure dramatically.....

"Food sales increased 3.6% year on year over the three months to May, against a growth of 9.6% in May 2023. This is below the 12-month average growth of 6.4%. For the month of May, food was in growth year-on-year."

Still massive dumping by our shorty friends, desperate!

I bought these yesterday after lunch after the drop on HL and to my surprise this appeared today:

'Action required before midday on 6th Jun 2024. Take up your option to buy more shares in National Grid. You can buy a maximum of 7 new shares for every 24 shares you held at the end of 23 May 2024, at a fixed price of £6.45 each.'

Which I have done, it's a no brainer.

Value, which of the short sellers do you work for? You have never said a positive thing about OCDO! In my mind, whilst M&S are not totally happy with their relationship them, they have helped them with their fantastic growth and seemed determined to help them succeed. You failed to point out that M&S share of the losses were subject ot write offs and higher interest costs:

"Revenue increased 11.2% to £2.47bn and adjusted EBITDA was £26.8m (2022/23: loss £15.1m). While adjusted EBITDA improved, M&S group's share of adjusted loss increased to £37.3m (2022/23: £29.5m) due to higher interest costs on shareholder loan funding and a write off of a deferred tax asset in the current year."

OCADO RETAIL STARTING TO DELIVER IMPROVED REVENUE GROWTH

Results for Ocado Retail are reported by Ocado Group and are not consolidated in this release. M&S accounts for the joint venture as an associate interest.

Our vision for Ocado Retail remains to combine the magic of M&S Food with Ocado's unique and proprietary technology to offer unbeatable choice, compelling service, and reassuringly good value, underpinned by efficient and effective operations.

Ocado Retail is in the early stages of driving growth

Revenue increased 11.2% to £2.47bn and adjusted EBITDA was £26.8m (2022/23: loss £15.1m). While adjusted EBITDA improved, M&S group's share of adjusted loss increased to £37.3m (2022/23: £29.5m) due to higher interest costs on shareholder loan funding and a write off of a deferred tax asset in the current year.

The rate of revenue growth accelerated during the year, driven by increased choice of M&S products, and improved value for money and service as part of the Ocado Retail 'Perfect Execution' programme. This has been reflected in a sharp improvement in net promoter scores. Despite this, profitability is well below original expectations and there is considerable scope to leverage our combined capabilities in sourcing and marketing, and to develop Ocado's delivery service and online experience.

Increased choice, availability, and value

· 4,800 M&S Food products were available on Ocado.com by year end, a 20% increase on last year. Availability has improved considerably, although there is further opportunity on the most important lines and at key event periods.

· Ocado's price inflation was less than the market, driven by improved value for money on M&S products as well as reductions under the Big Price Drop campaign. As a result of greater choice and improved value, sales of M&S products grew 15% in Q4 and represented 30% of basket items.

Developing more effective and efficient operations

· The new Luton CFC opened in September 2023 and delivered a rapid ramp up in operations as business transferred from less productive capacity at Hatfield, with the new site also providing a test bed for on-grid robotic picking. With capacity fees for Hatfield continuing to be charged by Ocado Group, we do not currently expect Ocado Retail to reap the full financial benefit of transferring to the new site.

· Ocado Retail still operates on legacy technology for its website, last mile delivery and supply chain systems. It will be migrating to Ocado Technology's much delayed 'OSP' solution over the course of the next 18 months, which is anticipated to offer customers increased convenience and greater personalisation, as well as long term operational efficiencies for the business. Although the financial performance of Ocado Retail remains disappointing, the revenue improvement this year under the new management team has been marked. And in a world where several operators have exited the online food delivery market, the potential competitive adv

Our shorty friends must be bricking themselves with the M & S update tomorrow, inflation down, New York listing and takeover looming!

Short Squeeze lets hope!

Thought this was an interesting reply from HL reference my shares being used for shorting purposes:

‘As a retail stockbroker, we do not facilitate shorting and do not lend stock to other market participants that could otherwise be used in their shorting activities.

Stock you hold with us is held in the name of or to the order of Hargreaves Lansdown Nominees Limited, or by an approved third party custodian. Hargreaves Lansdown Nominees Limited is a non-trading company so it cannot run up liabilities of its own and Hargreaves Lansdown accepts full liability for any default by our nominee company. We maintain detailed records of all your investments and assets for which you will at all times remain the beneficial owner. We do not lend stock held in the HL or PMS Services.’

Clearly the price of this is heavily influenced by the shorting activity!

You know if you put a sell limit of say double today's price you effectively reduce the number of free shares being used for shorting? Might stop this nonense.

It's a short selling panic....

Some desperate selling from our shorty friends who have recently borrowed stock!

Valueplay, just admit it you are coining it talking this down and work for one of our shorty friends. Any way big opportunities lie ahead. Just let us know when you've finished selling your borrowed stock you little raskel!

Yeah and the world is ending tomorrow!!

Some desperate selling by our new shorty friends. Big opportunity here at these crazy low prices.....

Wildtiger don't go out today you might get struck by lightening!

Short squeeze? bring it on!!!!

Sounds great to have the mighty M&S behind you. You should visit their Foodhall sometime!:

'Despite this, M&S “strongly believes in the future of Ocado.” The “reset”, which is currently in progress, looks to improve customer experience, roll out cost-cutting measures and increase the M&S product offering in a bid to strengthen the collaboration with the online grocer.'

Just a reminder of what's going on:

'Short selling involves borrowing a security whose price you think is going to fall and then selling it on the open market. You then buy the same stock back later, hopefully for a lower price than you initially sold it for, return the borrowed stock to your broker, and pocket the difference.'

Aradas are you with Black Rock?

I think there is going to be some frantic short selling and clearing of positions. Clearly this price is near an all time low for no reason other than influence of short selling. Be ready for the rise!