Member Info for onsolidground

At 27.3p.

He's doing a good job Rahul at transforming the balance sheet around.

On the Beach's tie up with Ryanair will do its numbers no end of of good.

Can I also just add that given the Finals just announced were to the 3rd December this 12 week snapshot gives some cheeky insight into how Ocado Retail has performed in Q1 of this year.

Good news for both companies chilting.

My wonder is how much of the M+S increase is self generated through people shopping directly in M&S stores and M&S Simply Food outlets or how much of it is being generated through the sales of M&S products via the Ocado website and delivery service. It has to eb a bit of a coincidence that both numbers are trending high at the same time, don't you think.

Anyway I trust both CEO's will be happy with those numbers.

That's excellent new chilting on the 12.2% rise in sales, and given we stock M+S products what do you think might also be behind the 11.9% rise in M+S supermarket sales. Now I mentioned yesterday Ocado's Channel 4 tv adverts price matching Tesco and even their Clubcard prices so it looks like they are after pinching more sales. There is also a terrific free delivery deal for new customers right now.

Now do we really think that M+S will embark on cutting off its nose to spite its face. I personally don't.

M+S incidentally is up 4.26% as we speak off the same data I presume.

There goes another one off the LSE

https://www.cityam.com/spirent-strikes-172-5p-per-share-takeover-deal-with-viavi-as-profits-crater/

It's taking our supposed "Leader" so long to actually twig and arrive at the conclusion that something major is required here to resurrect the share price and that in all probability it involves outside of the UK.

This share price is now lower than when he posted his "Enough is Enough" post (60p) and vowed to become more vocal and no longer keep the stiff upper lip approach that had been adopting previously.

So one year on it seems like the market has beaten him into submission and he seems to have fallen silent on Linkedin and its now circa 3 weeks since his last post.

https://businesscloud.co.uk/news/moulding-bids-farewell-to-the-stiff-upper-lip-and-fights-back/

Sorry about the overflowing post Smokingjoe01.

Yes you are right that they need to resolve the M+S dispute and I think they will and they will meet somewhere in the middle to avoid going to court. I don't think Ocado expect the lot but Tim Steiner @ Ocado seems to think they have a good case and to be fair they defended themselves well against Autostore and came out with a favourable verdict.

But all day long those Ocado numbers are improving numbers (and you can visibly see the improvements against 2022) so please feel free to hand your shares over if you wish.

A reasoned post Smokinjoe03 and you are right Ocado actually improved on the trajectory from the half year numbers and you can see the investment on growth now manifesting itself in the Technology solutions revenue at +44%

"Group revenue £2.8bn, +9.9%: Technology Solutions +44%, Ocado Logistics +1%, Ocado Retail +7%"

Like I said last night all the detail on M+S and losses were already known about and Ocado actually met and slightly bettered on Guidance. Read the RNS highlights below

This share price has been manipulated down since £8.00 and with the M+S story placed to resurface directly prior to results.

The net result at this share price is that you get all the improvements, the large McKeeson deal and also now the Panda Retail Company deal in Saudi Arabia for free and not even reflected in the price.

Feel free to hand your shares over if you wish.

"Financial progress

? Group revenue £2.8bn, +9.9%: Technology Solutions +44%, Ocado Logistics +1%, Ocado Retail +7%

? Group adjusted EBITDA*1 of £51.6m, up £125.7m from a loss of £(74.1)m: Technology Solutions positive at £15.4m; Ocado Logistics at £30.1m; Ocado Retail returned to a positive adjusted EBITDA* of £10.4m; inter-segment eliminations £(4.3)m

? Cost reductions across the Group: operational efficiencies and lower support costs. Ocado Smart Platform ("OSP") direct operating costs2 down from 2.02% to 1.65% of installed sales capacity

? Underlying cash outflow*3 of £(473)m: +£356m versus FY22 (well ahead of guidance of +£200m)

? Cash and cash equivalents of £0.9bn; gross liquidity remains strong at £1.2bn (including £0.3bn revolving credit facility)

? Net adjusting items* £24m: primarily relates to income from the settlement reached with AutoStore Technology AS ("AutoStore") partially offset by the change in fair value of the contingent consideration, per IFRS 13, due from Marks and Spencer Group plc ("M&S"). Other material one-off costs reflect Ocado Retail's network capacity review, strategy and capacity review for Zoom sites, and organisational restructuring

? Loss before tax of £(394)m, taking into account £187m from the settlement reached with AutoStore, an improvement of £107m versus FY22

? FY23 results in line or better than guidance"

Indeed Infor, manipulation at its best and time the re-entry right and you stand to make a killing.

Both the M+S issue and £289M worth of losses were known at the half year when they maintained Guidance. It rose to £10.00 afterwards and in actual fact the results presented on the 29th Feb were in-line or better than that guidance, with so much improvement. Even after it dipped on Q3 numbers it again rose to £8.00 near Christmas.

Happy to pop up an alternative explanation Pokerchips.

Somebody this afternoon said thank you very much for the drop and opened the buy button and the volume shot up by 7 Million shares traded in next to no time. If you track back you can easily see where it started.

Nothing to do with charts, no adverse news either, just simply somebody manipulating the share price down for gain and filling up.

In the last hour or so has shot up from just about hitting 2 million with drip selling to where it is now at 9 million with an abundance of Buys filtering through.

Looks like somebody was just sat waiting in the wings and biding their time and waiting for the MM's or another to lower it within range.

Will be interesting to see the size of the Uncrossing Trade and what afters also get declared.

So Oversold.

Did you catch the Ocado.com adverts on Channel4 last night?

Good advert and stating they will price match Tesco and even their Clubcard prices.

I know that. It was never ever inferred it was you.

Nice to see the extension of the Revolver and that we have had the faith to reduce it by £20. Saves on the costs.

Shenanigans aside, the upward sp direction at the start of the day was imvho the correct direction.

"THG PLC

Revolving Credit Facility extension to May 2026

THG PLC ("THG" or the "Group"), confirms the extension of its Revolving Credit Facility "RCF" by 17 months to May 2026.

The £170 million facility remains undrawn since IPO, and there will be no changes to the financial covenants or interest margin beyond the existing maturity date. From December 2024, the facility will be £150 million.

Following the Group's strong profit and cash performance, closing net leverage[1] for FY 2023 was c.1.8x, compared to 2.8x for FY 2022. Continued positive momentum into FY 2024 provides confidence of further degearing.

The extension affords the Group continued significant financial flexibility during uncertain geo-political times. As at December 2023 the Group had c.£600 million of cash and undrawn facilities providing substantial liquidity and flexibility, to capitalise on growth opportunities."

Garydav2 its a multi-Id and not hard to work out who.

There is not any set of numbers in todays RNS Cong that lets you work out an extra £30M debt. It is a complete falsehood by whoever put it on the bulletin board. Good on you for calling them out.

Dyor (You clearly have)

It seems you've only 20 posts to your name and only this one in the last 30 days, so in all probability a multi ID of one of the other non-holders on here. Pop up the first 4 digits of your postcode and everyone can do a quick delivery check for themselves. Even the county if you are shy of where you reside.

Simple answer in all probability is that Ocado deliver where it is profitable to do so.

Its all about buying in tranches and working a nice average. Then sit back for a bit.

The initial opening start on Friday said the way this should be travelling, before manipulation set in.

Pokerchips the 44% increase in Technology Services revenue just reported seems to indicate they are doing pretty well off all their clients and more than offsetting any problems Kroeger may have with their merger. More Revenue to come when things get ironed out.

"Group revenue £2.8bn, +9.9%: Technology Solutions +44%, Ocado Logistics +1%, Ocado Retail +7%"

Nice RNS this morning and it makes perfect sense that if you have a Revolving Credit Facility which you are paying for and not using, and you can afford to reduce it then why not.

Read what was said amidst the text.

"Continued positive momentum into FY 2024 provides confidence of further degearing."

Can someone just explain why when we have had todays RNS, we are talking about an article from the 29th January.

Focus on the current and whose been picking up shares.