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Good temporary recovery. Will drop back below 335p.
All buyers are waiting for take over. Hope this happen as Stiener has been growing this company for 20+ years with huge losses accumulated. His runway is shrinking by the day.
Not many buyers but shorter bots algorithm., pump and dump.
Having Gorilla & Getir , poor moves (bleeding cash unnecessary)as customers will move to Ocado or MKS. At best they will shop in Aldi.
At this rate of cash flow strap, cash call will be necessary. Thanks to MKS another good short day.
Still keeping this open as 335p and below inevitable.
No contracts, no takeover and cash flow burnt rate high, spells sub 300p.
Next few months, will see potential sub 300p but 250p look unlikely even with US market nose dive.
But...
It will be below 200p if Ceo Stiener cash strap and has to go fund raising ie equity dilution. I am sure those newspapers analyst will bark on this a few months down thr road as M&S will not settle.
No one will pay 250p for equity dilution. Steep discount expected for UK stocks.
This will break below 335p soon, especially when US market nosedive.
JP Morgan neutral means they are not sure, same like any other PI. If reduce sp and add on reduce instead of neutral, that will be make today so even worse.
Still waiting to accumulated at sub 330 to 300p..sub 300p is very likely.
No good news from Ocado is bad news for sp. M&S has no intention to settle with Ocado and we will see this drag out prolong impacting Ocado. Eventually this spell demise of M&S/Ocado collaboration as M&S knows Ocado cash strap. Maybe Ocado will sell cheap it retail arm to M&S.
I still believe Ocado must shed this M&S bs collaboration and move to US for tech listing and boost sp.
Imaging soon ftse will go drastically back to 7000 in near future( usual uk stocks behaviour) and what will this ocdo sp do with no good news at all and no new contracts?
Raising fund inevitable with high cash burnt.
Friday, the usual morning pump and closing dump. Heading back below 340 p to test 335p inevitable, and lower.
Having the hopeless former BT ceo as director is a joke. Why does clown ceo attract clown. Need someone with more credibility for US market.
Looks like a 15 p rise and short pattern.
Ceo Stiener must break Ocado retail stigma to list in US. The deal with M&S is a major blocker. Ocado must split up, sell or let go of this blocker. Focus on technology and gain a US venture capitalist backer.
To split up, Steiner has no fund backer in UK, and his track record of burning cash with foolish over capacity warehouse precede him. Spliting stock to compensate investors by ditching retail needs £££ upfront. I reckon he bejng useless & shareholders allow him bonus £15 mln , is bad news. He is not the type that can convince US venture capitalist. The faster he shed M&S tight up sinking stone, the better the chance of renewed life in technology.
On US market, this can temporary propel the sp up easily. Nonetheless, investors are stuck with this useless CEO, usually much adored by shorts.
I see he has no much option at hand. Either start looking to ditch M&S, look for backers $$$ for US listing or bailed out as ceo a year or two with cash flow issues inevitable (if stay status quo)and enjoy his bonus. At this point, it is penny stock status. FTSE 100 relegation inevitable, shorters bonus as fund managers shun relegation.
Downtrend continuation to reach new lows this year.
Await 320 p to buy in again.
Tough time ahead for this sp.
Majority days make ££ by shorting that buying for rise, as each rise is merely pump & dump tactic. More one sided swing towards downtrend still intact. Once break 335p will accelerate down trend again.
If Stiener call for fund raising, this will sink below £2 easily.
This is heading sub 300p.
350p , to retest 335p and break further down to sub 300p.
No good news at all from this subpar management company. Only hope is a cheap takeover of someone would consider buying debt laden company or relisting to US to be like Trump DJT to fool investors . Once refinancing debt and cash flow becomes an issue, this is heading to penny stock status in a year or two.
Looks bleak with this subpar CEO Steiner. Burning cash and piling debts.
At the rate if this sp dropping & debt refinancing looming & drop out FtSe100, suspect Steiner will be left with no choice to list in US to prop up sp , unless he is contented with his 15 mln bonus.
Waiting to load up sub 335p.