Member Info for MKS123

No let up in AI spending by Meta for a good few years yet. It is advantageous for AI on the whole and EXR who have a close working relationship with Meta (for Education). I don't know Meta doesn't just consume EXR (and others).

https://www.bbc.co.uk/news/articles/c1e02vx55wpo

Https://www.retailgazette.co.uk/blog/2025/07/retail-sales-june/

Food revenues nudged up 4.1% over the period, against 1.8% growth the year before, while non-food sales were up 2.2% compared to a 1.9% drop the same time last year.

Will be looking for TS prospects as ORL is looking to continue to do well.

Noting officially updated on investor calendar but interims normally come in September. I'm hoping some deal news before then since we're about to enter the summer holidays of schools.

Awesome product. Just waiting on actual pipeline/contract details to move the SP. Summer holidays/new academic years will be important for new orders. All seems to be in place in what is a growing sector. Time will tell.

Https://www.linkedin.com/posts/davidwhelan1980_generativeai-immersive-ai-activity-7343571997815177217-Ce4O

Engage V4.1 out next month - some interesting things (inc AI related) coming through

Https://www.linkedin.com/posts/advance-queensland_queensland-innovation-going-global-activity-7343418262925299712-oPmR

Need to fish around atm for news on Engage/it's clients

ECommerce sales increased 15%

Market doesn't seem interested of late in Ocado even after a couple of positive RNSs. All eyes in July now, which if Kroger is any indicator, should be positive. Hopefully other clients to have similar growth in online.

"The forthcoming CFC will process Bon Preu’s substantial online volumes using what Ocado describes as the world’s most efficient online grocery fulfilment technology, incorporating the company’s suite of Re:Imagined technologies."

I suspect more details to come in July but capex on any new CFC using the Re:Imagined stuff should be much less than historical capex figures. No details given on timeline or size etc so no point in guessing when revenues will come in for Ocado. 2026 would be good.

I read Friday drop as general market drop spurred by ME.

I read RNS itself as money into Ocado.

The SP is drifting around until July update IMO with some minor boosts if Kroger/others impress between now and August with their digital sales. Might as well just wait for Ocado to clarify itself tbh

Lejjb,

"Letter of Credit that would provide a capital contribution to Ocado in respect of its investment in the Kroger online business.

The Letter of Credit included a maturity date of seven years from the signing of the agreement. With the maturity date now reached, Ocado has drawn down on the Letter of Credit."

Ocado put money in to setup Kroger CFC. They now got paid. More clarity on July 17th. I hope some of it goes to paying down debt. They had around $55m left when refinancing recently from memory.

Main indices all down today because of ME and resulting jump in oil price pointing to increase in inflation etc... the list goes on especially if there is a maritime impact in the area.

"Online sales rose by 11.5% year-on-year, helping Tesco gain share in the online grocery market." From Tesco's update today. Online grocery, in general, is expanding and was the logic behind one broker's high target for Ocado.

Expo

More than scale AI, I see the new UK gov funding drive will very likely trickle down to Engage. Engage's name has to surface when looking into education/AI etc. But, I agree, the mcap for EXR will transform overnight if even a fraction of this type of money comes to them

No reason this cannot be easily tweaked and migrated to outside of the US e.g. Inspire in UK etc.

2025/2026 is going to be very important in capturing market share and to demonstrate the target audience actually care to pay for this product. Exciting times!

Https://www.proactiveinvestors.co.uk/companies/news/1072723/meta-to-invest-15b-in-scale-ai-deepening-push-into-artificial-intelligence-1072723.html?rel=scroll

Good for Engage to be associated with Meta's deep pockets especially within the AI arena. Pretty much everyone is chasing some sort of AI dream now

A few partners to update markets between June - August starting with Kroger next week and then Ocado itself in July.

Https://www.uktech.news/ai/government-launches-187m-techfirst-programme-20250609

They make software including school of AI that works on regular tablets, PC etc. All-in-all, this raises attention into increased tech in education. Similar to what is happening in the US. Positive news for the wider industry.

"Digital sales are emerging as a major growth engine for the retailer. In 2024, Kroger reported an 18% increase in digital orders, which now not only contribute to higher basket sizes but also deliver stronger profit margins."

https://internationalsupermarketnews.com/archives/20480 article from Friday 6th June. Kroger to give an update next week.

Https://www.bbc.co.uk/news/articles/crljw8n78l1o