The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Looks to me that there has been a lot of shorting activity today. Early on trying to drive price down. Now probably trying to reduce their holdings. It will be interesting to see any changes next Tuesday for today. AHL and Systematica likely to be panicking right now.
GLA Have a good weekend
Mapper
According to this document
https://research.ftserussell.com/products/downloads/FTSE_FAQ_Document_UK_2023.pdf
The cut off was yesterday on close. Results will be reported after close today
News today suggests OCADO demoted to FTSE250. However as of close yesterday, which I believe is the cut off for decisions, both FRAS and BLND were worth less than OCDO and were in the Automatic Exit zone. But OCDO wasn't.
Anyone have any ideas if this is right.
Graking
I was thinking along the same lines. Logistics are a valuable part of the property portfolio at the moment. I hope Ocado do own the site but we don't know. Given the location of the Luton site, it doesn't make sense to have 2 locations so close. Do we know where the nearest Amazon location is?
Mapper
Cant be any worse than human drivers
https://www.standard.co.uk/news/london/self-driving-vans-autonomous-cars-delivery-ocado-asda-wayve-b1048496.html
Yes. Another one slithered back into the shadows(AHL Partners LLP). Even after 'Morgan Stanley Reiterates Underweight Rating on Ocado Group Plc. (OCDO:LN) (OCDGF)' assessment.
https://www.streetinsider.com/Intl+Ratings/Morgan+Stanley+Reiterates+Underweight+Rating+on+Ocado+Group+Plc.+%28OCDO%3ALN%29+%28OCDGF%29/21521692.html?classic=1
I think most of the fluctuations now are attempts by shorters to regain a bit of their losses.
AGM 2nd May should be interesting
DYOR