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Hi all - not posted for ages but keep dipping in most days. Any ideas about the continued downward trend of the share price? Not overly concerned as bought in at launch and holding for the long term but interested in peoples insight. Cheers
I bought in at launch and was there when the shares went down to 50p! Online food shopping was always going to take a while to catch on but, personally, I have always hated supermarkets! The key thing with Ocado is that it is really all about the robotics and the way that the automation can be used for a range of products - having shown it works with food (by far and away the most difficult product to be facilitated via robotics) they have a proven , scaleable solution to sell to others around the world.
yes - had the same email late last night. I feel this really shows the big difference between Ocado and the bricks and mortar supermarkets. Initially, everyone went into overload but Ocado have been the only one able to adapt and crank up their delivery service. I believe Tesco have said that they cannot increase their online capacity - probably due to relying on human pickers in either supermarkets or 'dark stores'.
I was critical of Ocado in the early days of the pandemic but have to give them huge credit for their response and their rewarding loyal customers with increased delivery slots - they have knocked the opposition for 6!!
I had been critical of Ocado in the early stages of the crisis. Credit to them, they altered the website so that it showed if there were no delivery slots at the first page after login (the initial queing system did not do this).
Yesterday I was able to get a slot and had the order arrived today - with no substitution. By contrast, both Tesco and Waitrose have no slots for the next 3 weeks.
Therefore volcano is incorrect in his comments - Ocado are clearly performing in a better manner than the bricks and mortar supermarkets. More to the point, because it is an operation that is only online, it can control stock better because no-one can panic buy, unlike physical supermarkets. Interestingly, the delivery driver (whilst social distancing) said how they have stopped delivering packs of bottled water (as this takes up a lot of space) and, as a result, are able to fit more deliveries onto each van - simple but effective!!
Citizenlane - you miss my point. I totally get the huge demand but why have people waiting in a queue when there are no slots available and only a 3 day window - just have that posted at the front end as tesco and waitrose do. It is all about expectation and delivery - if you are allowed to join a queue your expectation is that you can shop when you get to the front some 2+ hours later. Also - I have been shopping with Ocado for over 15 years so have a pretty good idea of how it all works!! It's a shame that they did not have some system for the loyal customers who kept the business afloat and were advocates of what a good service they usually provide. The bottom line - if you market yourself as a tech company but appear to be doing no better than a bricks and mortar store then the sharks will attack!!!
Hi all - I became a shareholder because I was a happy customer of Ocado (since they began) but have been shocked by the poor quality of the website in these trying times. Like many, many others, I join the virtual queue to log on to the website (no problem), then join another virtual queue (usually 20,000 + long) to shop, only to find, when I get to the head of the queue, that there are no delivery slots! Plus they are aonly providing a 3 day window - why not longer? I am very worried that at the very time Ocado should be leading the world it is failing to deliver (both practically and metophorically)!!!
so on the basis of your argument there is no future for internet shopping? And (as it is clear you have never shopped for food online) if there is any fault with any food item, it is credited to your account and if there are substitutions, you are given the choice to accept them or not. Hope that helps?
I bought in at launch because I was a satisfied customer - since then, it has become more and more apparent that this is a very innovative tech company. Its been a bit of a ride (I was there when the SP was as low as 50p) but I was always in for the long term.
Something I find very strange Hool is that you always have 'strong sell' against this share no matter what the price. Surely, there have been times when (if one was speculating) that a strong buy would have been the call i.e at the bottom of a trough. Logically, other times (i.e. at the top of a peak) would be the time to sell. I'm not a speculator, just a long term investor becuase I have been a very happy customer for over 10 years. I took a long term punt and am currently looking at 100% profit but intend to hold.
This is only a poor investment if you paid more for your shares than you should. I bought in at launch so would still make a profit if I sold today(not that I'm planning to). This is a volatile share i.e. high risk! I still believe that this is a long term investment - but you pays your money & takes your choice. I dont see any point in continually hurling abuse at the BOD - if you dont like the investment then sell up and move on.
Despite Ledj continued ****ging off of the management of Ocado, 1 million more shares bought than sold - seems like others have a bit more confidence. This is a long term share - if you want a quick buck then buy at the low point and sell when it climbs or buy and hold.