The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@Value
"Given that the news relates to the 29 April it is unlikely to have caused the dip on Friday. Also it is not an unexpected development."
Article was released at 14:30 BST and it is exactly when -45 drop happened. Wonder why there are no other articles regarding this. Anyway I don't find Ocado as a good short term investment. It never was such. If someone wants to invest and come back in two years - then probably it is. Both companies will spam each other with court accusations like Apple and Samsung. And both will go on.
I think hedged is closer to truth. Ocado will be a (put your % here) tech company in a year or two, when international deals from past years start to bring money. For not big part of Ocado is still a grocery bussines. On the other hand, shops that topped Which? ranking did not do well today either.
No, you are as you apparently can't read. Also you don't understand the market. A few months ago OCDO went down to 21 and bounced back. Not new testing point is 25.8 and this is the moment that you wait for.
You really are behind. Autostore failed spectacularly in EPO on 21st Jan. Better DYOR to avoid mistakes like celling OCDO for 900 together with all other panicking guys. Pro tip: wait till it gets 3000.
It will either go up or down. :D Honestly I think this is unpredictable. On Jul and Sep 2020 it went up while on Mar and Dec 2020 it went down. All those four financial statements were very positive. Ocado financial results will be good tomorrow but it does not guarantee rise . Good point is that falls from Mar and Dec 2020 were both fixed after a month. Another strong point is that recent numerous news about new vaccines and successes in fighting Covid-19 do not lower shareprice. I think it will go down tomorrow due to recent huge rises and will rise again around Apr, aiming for new ATH when Kroger warehouses kick in.
I think reasons are different. This weekend was a cumulation of bad news: UK lockdown, closing international air travels again and new big mutation of coronavirus. All those are signals that Covid-19 will stay longer with us and this kind of news used to boost Ocado SP and kill SP of IAG, MKS and other. It was exactly opposite a month ago when first vaccine was announced. IAG and MKS went sharply up while Ocado hit the bottom. So the worse Covid gets, the more Ocado gains. Cruel but true.
https://seekingalpha.com/article/4391140-ocado-group-future-is-bright
Valueplay,
I am not really able to tell you more here. I am not from UK and I was not aware of Ocado back in 2015. I was told that Ocado was (and still is, I think) Autostore's customer. When Ocado started inventing own stuff and patented it, Autostore started to fight for IP. Ocado was confirmed to be rightful owner of those patents what proves that they did their own tech instead of just coping. Looks like Autostore never accepted it and they challenge it again. I am not aware if it was a court case or some other institution worked on it on 2015.
To be more specific - When Ocado started development of OSP, they patented a lot of stuff in 2015. Autostore claimed that Ocado copied their solutions and wanted to discredit those patents. They failed and Ocado was confirmed as the rightful owner of their IP. Now Autostore wants once again to prove those patents to be illegal.