It’s going to be a lot of fun watching how these shorts scramble to cover ! I’m not selling a single share. The party has only just started . Those shorts in New York will be having sweaty *******s . It’s going to be a lot of fun !
Shorts must be having a blast! Oops ... and I’m sure it’s not easy to cover those shorts . The likes of Discovery capital & co must be looking like absolute fools . I don’t think their performance has been anything to write home about over the last 2 years and this certainly won’t be helping ! I can see many shorts having to close and look VERY stupid ! In the meantime I’m enjoying being long as this is just the BEGINNING ...
The Board of director decides how to maximise shareholder value , not just Steiner. Steiner only owns 5pct of the company . If there is an offer of course the board has to consider it seriously and announce it.
Very interesting Yelsmek- good information . The competition in the US is not going to sit on their hands and let amazon win the online food retail business without a proper fight and with that I don’t mean signing up to instacart, which is not a medium/ long term solution .
I wouldn’t get overly confident guys . Mgt team have disappointed us big time before . They still need to deliver now . They should have signed MANY deals by now already ... so let’s not jinx it . To save face , they should sign 2 big deals soon to gain further confidence . Management is still not trusted amongst most of the investment houses because of many broken promises.
The shorts are covering and will continue to cover , that's pretty much a fact . So where do you think the share price is going , save some cataclysm ? Those of us shareholders have been through a lot of disappointments over the years and now that the story is starting to unfold , more than ever I doubt we would sell for less than £10.
Regarding Andover , of course there were hitches and there will always be hitches with new technologies, that's one of the barriers to entry . If it were easy they would all have developed their own 'OSP' platform but despite in some cases putting billions into developing a suitable technology, nobody else aside from ocado has managed to do so . Think about Apple, with every new revolutionary product they design , or even an upgrade of a previous product , there are always glitches . And look what that company has become . All I will say is that Ocado is heading in that direction and I only suspect there are some big deals coming shortly, from multiple geographies . Who saw Casino coming ??? Nobody did .
Short interest is still extremely high, well over 10% of the market cap. OSR is working hence the casino deal. Would be surprised if ICA doesn't sign up very soon. On top of this, expecting other geographies to be signing up too. South Korea has the highest penetration of online food retail globally, so would have thought this would be a big gain for Ocado OSR in the short term. Lest we forget, US market remains a big opportunity and given Amazon's inroads, I would have thought Ocado must be close to signing a deal there too with a big grocer as I don't think the competition will be sitting on their hands. Good luck to all and happy new year.
Hahaha! Rocka has disappeared . Come on Rocka, come out of your silence. We really value your thoughtful comments defending the management team/board no matter how many profit downgades they deliver as well as never hitting the targets they set themselves, whilst in the meantime over paying themselves.
What a joke this is. This management team have been misguiding everyone for as long as I can remember . Usual , 'we are confident of signing future deals '.... what a pack of bs. That's just the CEO trying to hold the shares here in the hope that one day he can sign a deal which as it stands looks very distant . Of course he does it , post his divorce unlike last year where he was probably quite happy to see the shares fall so that his divorce settlement was lower . Never trust the management team of this company.
Funny ! Key with this lot is never to believe a word they say. All they do is fill their pockets, pay themselves free options with our money and never deliver on any of the targets. What a disgrace, they really should be embarrassed for this level of disappointment to their shareholders. When the results come out later in a month or so expect the share price to go a lot lower unless they have signed a deal by then , which by the looks of it they are nowhere near .
Another year, and we have all been fooled by the lies of this management team. Lie after lie all year. Continuous downgrades, CFC3 was opened a year late, and the whole thing around the international deal(s) was pure fantasy! The investor relations message was not representative of the truth. Well done management team. How much are you going to pay yourselves in bonus now???? ZERO should be the answer and yes that includes no free share options given the fact that you haven't hit ANY of the targets for this year.
This is what happens when shareholders realise they have been lied to by management . Expect another big fall in the share price even from here . On top of that when they realise that consensus ebitda for next year is way too high. Currently consensus ebitda for 2017 is around £100m. Goldman Sachs , one of its house brokers is on just over £100m. The more sensible forecasts are sub £90m so barely showing any growth year on year. As a consequence we should expect some big downgrades for 2017 ebitda! Well done the CEO, fd and IR!! Rocka when r u going to stop defending these guys :-)
No Rocka, unfortunately you are wrong. The shorts have been spot on this year . They thought Ocado wouldn't sign a deal and that the management were just lying to all of us and unfortunately they have been totally right thus far.
Unfortunately, with Ocado you know you are always going to be disappointed. Tim & co have done nothing but disappoint and in the meantime they are not shy to pay themselves a lot of money. Very lame. This is a company where 'hoping' certainly doesn't work! The only good thing is that Tim &Co have a lot of shares that us shareholders have 'given' him. All his wealth is tied up in here so I wouldn't bet against him, certainly at these low levels. International deal(s) plus Amazon or Walmart as potential buyers of the whole company.
As I said the other day , stock would fall on the day of the results. No new news, more downgrades. Incompetent management , they have lied to us all of this year. Let's hope next year they actually start delivering. If they do the stock will double.