I wouldn’t hold your breath David. Adhoc TU’s is not mks style and I agree, the bod should not be pampering to the schizophrenics holders.
Announcements should be per city diary and stuck to in these normal times.
OG can list wherever they feel favours them most over the long haul.
But nothing changes the fact that OG hasn’t made a net penny since IPO in 2010.
It’s ridiculous…. Do not tell me it’s a start up after 14 years listed and most of the years before.
The fact is the revenue is paying for bod wage, it’s a cash generator if you are on the payroll, full stop. There is no money here for investors in my opinion, and in the head of sane people.
Mks needs Ocado grp for the JV, and potentially if Mks buys the other 50% then IT service provider.
However, I see Ocado as a huge risk.
Ocado grp not made a net penny since IPO in 2010 ( and even before that) 10 years is most I would give any tech company to break profit and returns for shareholders, but no profit for 14 years is shocking.
Ocado grp in my view is run purely for boards pay and bonuses, and shareholders are simply non compos mentis in my view. DYOR
Yesterday around 150 orders unfilled, short of free stock most of the day.
Today midday 8m shares traded so catch up. Market hid behind worst march for retail etc to push down on sp.
All nonsense and then filled orders.
Mks have an opportunity to leap from just over £13b revenue to £16b if they acquire the 50% JV from Ocado group.
Sort out the £191m bonus issue by awarding say 50% of this to OG, offer circa £650m for the JV buyout, give OG the IT services contract long term.
OG can then become 100% tech, Mks relabel the vans M&S and merge gist operations and non food supply chain so customers only deal with M&S with no third party courier costs. Shave off the supply chain duplication and save millions to help offset the capital needed for JV, Mks pay down OG over say 5 years or less.
The opportunity for Mks then is endless with direct to customer, and vans get filled to capacity.
Low volume on CWR again today so ideal for2.28% short strength.
Someone has loaned stock out for sure.
Is Boyobach in fact Valueplay?
Absolutely Chilting! The outright purchase, combined with Gist, non food integration and further OG robots thro mks supply chain offers huge operational revenue savings for Mks, and OG get to do more of what they are good at.
Also potentially removing 3rd party couriers and costs whilst dramatically improving Mks direct service to its digital customers
Hi Chilting,
I hope you are well.
This has probably already been agreed with Archie/RWC etc and Tim/L&A trust/Baillie Gifford, who knows?
OG maybe content with the realised 23m plus half remaining, 84 m, so 107m from disputed 191m?
So 643m fair value for remaining 50%.
Best possible outcome is all parties end up comfortable with what’s ahead.
100% Mks operation, they own outright, and a wider cash deal with both parties, including an ongoing service agreement for OG. Cash deal paid down over 5 years.
OG get to play with athletic robots and Mks fat controller.
Mitigation that benefits the targets such as Covid digital uplift, and subsequent decline back to just above normal shopping habits can be argued in court, the targets were agreed and only lawyers will benefit from a fight.
Even though any legal fight in media will only serve to try and pacify investors.
Strategically, end game might be the move away from operational retail for Ocado group, and for Mks to make a fair value bid for other 50% that can satisfy both parties.
Https://uk.finance.yahoo.com/news/ocado-threatens-sue-m-row-082135796.html
The fact is, this is about establishing what we do most of best and finding fewer ways of doing more of it less!
Ocado grp losing 85% of their declared revenue is a big step.
There is no mcap for Ocado retail. It’s a JV
I’m surprised there isn’t a frenzy on here after the Irish times chose to summarise the Fraser interest in boo.
Hennes & Mauritz fell on weaker than expected profits and its chief executive departed Plus SAYE staff share scheme matured and probably some profit taking ahead of tomorrow. The staff have earned that-well done to them😁
Paid tomorrow! Let’s rejoice in that!