Member Info for MKS123

Https://www.retailgazette.co.uk/blog/2025/10/morrisons-launches-food-delivery-service/

Sound a lot like Kroger's strategy. There is benefit to Ocado TS if Morrisons.com gets more traffic. Kroger could do the same after their review. They still have never said they're ditching Ocado.

From Ocado website:

"Our successful partnership with Ocado Group continues to expand, serving Morrisons.com customers across the UK from both Ocado Group's CFCs and from Morrisons' stores with widespread deployment of Ocado Group's In-Store Fulfilment solution.

Salaries has come up before in investor meetings. I recall one from memory but I'm sure where recordings/transcripts exist. In short, mgmt took a pay cut and costs have come down in general. Still, they can do more if it comes to it but cash burn of 150k with 2.2m and more revenue expected H2 2025/potential roll outs in 2026, I think they'll wait and see before taking more pay cuts.

Previous annual publications show salaries so you can trace back also if you have the time/interest.

I'd buy more if it drops to that. The reasons for building a position here is the company's education product and relationships in the education space. Working with state boards in ME, Lenovo and Meta etc, in what is an infant area, deserves a higher mcap that what it has. The roots exist to build on their current recurring revenue with high margin. I look forward to them announcing the AI teacher programme in full.

Mixed bag. Positive for long term holders. Some negatives for traders (if there are any here)

Positives

Reduced EBITDA loss

Increased margin

Reduced cash burn of 150k per month

Cash of 2.2m

Build up in recurring revenue with increase in licenses from key clients

Significant roll out in the near future in middle east

AI teacher programme

Cons:

Project delays in middle east (and elsewhere) so revenue drop in H1

Pivot to focus on education is ongoing

No further blockbuster new contracts (possible in future once ME rollouts are in full motion)

Delays to projects moving revenue to H2

Doordash is like deliveroo/other delivery courier company, right? How does that impact automated CFCs/instore pick?!

Thanks

Any idea on the next market update here? They've not actually announced it'll be in September

On this topic, EXR normally announce when they will release results so I no longer think an update is coming in days. Even final year results were later than normal this year.

Site showing Ahl has upped short position

Risky in the long term to me. No expected news from Ocado for a while yet but any 3rd party/partner news has been positive save for the Kroger Analyst call (which has more to do with how it has been interpreted rather than Kroger naming Ocado to say review = cancels). Article below published today covering UK market points to ORL improving and M&S also matching Waitrose

https://www.retailgazette.co.uk/blog/2025/09/ms-market-share-waitrose/

Https://www.xrtoday.com/event-news/zuckerberg-bets-on-ai-to-resurrect-the-metaverse/

This SP was recovering steadily until the Analyst call for Kroger, which, unless I'm mistaken, didn't actually name Ocado and just said a review was underway for a bunch of things in the business including ecommerce. This is under the guidance of an interim CEO. Given Ocado also offer ISF solutions and in recent weeks, Coles, ORL, Kroger and Morrisons have all reported impressive online/ecommerce sales, I'm puzzled by the SP decline driven by increase in shorts. There is negative press out there regarding the Kroger analyst call for Ocado but nothing has been cancelled (to my knowledge) nor is there an announcement to decommission the 8/10 current CFCs for Kroger. Whilst much of the capex is done from Ocado in developing their reimagined tech, I'm still of the view Ocado has a bright future so I've added in my SIPP.

With Meta Connect coming, I'd expect some sort of noise in next few days from the company outside of linkedin/website posts. Does EXR normally announce September results on their website calendar beforehand?

16% uptick in ecommerce for Q2 2025.

https://tokenist.com/kroger-co-reports-strong-q2-2025-earnings-raises-full-year-guidance/

Https://www.retailgazette.co.uk/blog/2025/09/ocado-retail-posts-strong-revenue-growth-due-to-higher-orders/

Https://www.linkedin.com/feed/update/urn:li:share:7368191580903587841/

More CFCs not necessary until existing CFCs are maxed out with OGRP et al. Good signs from Coles and, if this continues, more markets updates from Ocado like their last one.

Https://www.retailgazette.co.uk/blog/2025/09/meta-oxford-street/

Based on past years, expect an update late in September.

I see the stars lining up nicely for EXR on a macro level but will be looking at progress in actual sales from the company itself. A lot of positives about pipeline in the last update. Now is the time to convert into actual money.

Is there confirmation Ocado is providing Tech?

Wrong board. Ignore

Good for MKS but I don't see an official RNS from them and I'm unable to confirm tech is coming from Ocado. Gemini suggests it does but I don't see reference to anything official. Anyone got conclusive evidence of where tech is coming from?

Https://engagevr.io/news-blog/