Member Info for Phoenixy

Has to be some sort of positive news as what can get bad than worst!! Once one of those shorts start closing their positions, this will take no time to get to 500p atleast as others follow suit. Even JPM now thinks we are undervalued by 100p as of yesterday's closing price. GLA

Boyobach,

Thanks for sharing the chart, I always find it useful

Where is the next big resistance if that red trendline around 373p is breached? I guess a retest of the trendline is likely going to happen come Tuesday morning for some big fight. Thanks

ATB

Hopefully we get to 380 in the last hour

Sangijuelas1

No, it is only for ad hoc purchases if I am running out of something.

My weekly grocery is delivered by guess who - OCADO and I have a smart pass too that reduces my delivery charges. Also I get some gifts every now and then as I have been with Ocado since 2013 as far as I remember.

Triple bottom yesterday around 333 so far...Hopefully that was the low and we can get towards JPM target of 450p and not 250p that some are expecting

Yes, treat it more like a food delivery from a restaurant within 1 hour. The charges are minimal (under £3) compared to discount you get that seems meaningful (£10-15 for me generally) with convenience.

If shorters are taking profit, then there should be some sort of upward movement but nothing. And anyone that bought shares since last December is either in loss or just breakeven.

Why is it not even moving -stuck at 457p since morning. After the intense selling since earnings, no sign of rebound yet.

Don't forget there are regular promotions run by Uber eats, deliveroo etc that give the customers between 30-50% discount on their grocery delivery plus the delivery is within the next hour or so.

Shorts closing as they gave up cracking 334p after several attempts is my view. Or news in the horizon about new deals or takeover possibility.

All speculation about 250p and cash call. What if NVDA or TESLA decides to buy some robotic tech from Ocado- this could then trade at 2500p.

I think there is no loss for Ocado if they take the matter to court as the market is already pricing in zero consideration from M&S. Given that Ocado has had success in the past around court matters (albeit a different issue) plus M&S reputation being in the line, this could potentially be in Ocado's favour.

So, it's £28m from M&S as contingent consideration stated in Ocado's final results. They can fight over this amount or more but I believe some sort of considertation will be factored in the future contract.

Contingent consideration receivable

Total contingent consideration receivable at the balance sheet date is £29.4m (FY22: £98.3m), and comprises two amounts: £28.0m (FY22: £95.0m) due from Marks and Spencer Holdings Limited ("M&S") relating to the part-disposal of Ocado Retail Limited ("Ocado Retail") in August 2019; and £1.4m (FY22: £3.3m) due from Next Holdings Limited ("Next") relating to the disposal of Marie Claire Beauty Limited ("Fabled") in July 2019. Refer to Note 1.3 for details on the estimation uncertainty in relation to the fair value measurement of contingent consideration receivable.

I think profitability is mainly due to Ocado not inflating as much as competitors were doing resulting in reduced profitability but increased market share...A catch 22 situation basically...Ocado could increase profits at will here..

Yes I read that and expected a drop to 340p or lower but the amount of consideration (roughly £30m as recognised in Ocado's balance sheet) is peanuts compared to the future prospects. Let's see where it ends today. GLA

All of these events for instance reduction in area of warehouse, or no new CFCS in the past year or so, or spokes getting reduced etc reflect the current market valuation of Ocado. Market is currently fully discounting any growth for Ocado in the next few months/years to come. My investment is based on its potential to become a tech player that will be embraced by the market instead of just a grocer that is what the market perceives currently. Remember even Tesla was losing money in its early years and only started making meaningful profit since 2019-2020. Agree Ocado has not been profitable for 20 years or so, but that doesn't mean it can never be.

Or one could buy before the rise? Just the perspective

All ripe to go past 400p today in my view (if not today, it's not far away)..I will be holding for the squeeze

ATB

WE need #UKShortsqueeze to trend in X! That will be fun

Valueplay,

Excited definitely as I think this could be the upward curl that I was looking forward to for the upside momentum. Yesterday's low was the double bottom reinforcing my view about lows for now. Let's see how it pans out though!