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Comments on Ocado by Davy`s
Ocado Group
A new model for the updated segmental breakdown
We have updated our Ocado (OCDO) model to incorporate the new segmental breakdown, in which all costs are assigned to Technology Solutions, Logistics or Retail. We therefore remove some central costs that we had forecast, improving the margin. We further upgrade our numbers by accelerating the annual module build-out to 25 per year. A DCF output gives us 763p, but we apply some caution because of the tight cash position – providing a 700p price target. OCDO is worth more as IP, but we do not expect a buyer just yet.
Thanks Sageman, sound advice, have spoken with my accountant brother and he reminded me that I can offset losses for TLW bought some years back against profits on CRH shares I intend selling before end August, I can push any TLW liabilities for CGT going forward to some future years allowances. . Will watch USA then sell 50% my TLW holdings
In an unknown quandry re TLW, topped up heavy in June to bring average way down, now at .33 i am at a price that can leave me with no losses. TLW are now too high a % of my portfolio and If I sell I have to sell all to balance CGT, never though I would be in this position so soon. Will hold off until we see what USA does.
Gingy, similar view to yourself. The boards premier objective at this stage seems to be debt reduction, once that is achieved progress in SP will follow. I take ammusement from other subscribers here bandying holdings of 500,000 shares., has to equate with circa min investments of £200,000.