Member Info for PI_Winner

The dollar has tumbled by a cent against the pound, as April’s weak jobs report fuels hopes of an early cut to US interest rates.

You have been in the doldrums for too long Ocado.....time to rerate over the coming weeks. GLA

Bit like any shareholder vote, general election, brexit etc etc....if you do not vote you are irrelevant. The result can only be based on who votes.

We now wait for any media reports related to material questions posed at the meeting i.e transition to states.

One in five Ocado shareholders oppose boss's £14.8m package

Newsflash: Online grocery firm Ocado has been given a bloody nose by shareholders protest over its plan to give its CEO Tim Steiner a potential bonus of almost £15m.

But while one in five shareholders opposed the plan, it has been approved.

At today’s annual general meeting, 19.4% of shareholders opposed the approval of the Directors’ Remuneration Policy.

Another resolution, to approve the Ocado Performance Share Plan 2024, was passed with 80.62% votes in favour, and 19.38% against.

As we reported this morning, shareholder advisory group Glass Lewis had urged investors to vote against Ocado’s remuneration policy and performance share plan, citing “egregious remuneration practices”.

Sangijuelas1 I would recommend not engaging VP as he ruins the board with nonsense.

The latest one.....''I do not have time to post''......the evidence is that he has posted 102 times on Ocado in the last 30days....he is clearly disingenuous and posts the same nonsense day after day.

Ocado twitter page:-

Great to see the progress in @Kroger's digital business announced at last week's Q4 Results! Digitally engaged households grew by 18% since the end of last year and delivery sales increased by 24% over last year. Their CFCs had the highest Net Promoter Scores ever this quarter.

Anybody that hangs their hat on a broker rating needs their head wobbled. All you need to do is a quick check on their overall performance and you can see that they are extremely poor at their role. A 5 year old could do a better job by merely guessing.

Paul Rossington's return is negative based on his ratings if you followed his so called expertise and Linda Shu is just above break even........absolutely shocking that this board is being drowned out by the back and forth on this nonsense.

https://www.tipranks.com/experts/analysts/linda-shu?utm_source=markets.businessinsider.com&utm_medium=referral

https://www.tipranks.com/experts/analysts/linda-shu?utm_source=markets.businessinsider.com&utm_medium=referral

There will no doubt be questions posed about the SP and a move to the states should be seriously considered particularly post media news that activist investors are pushing for action. That is undoubtedly the most material update for PI's.

There will also be noise around the CEO salary but that will not impact the SP.

Any action around a feasibility study of transitioning to the States will materially move the SP upwards. GLA.

As an investor and not a trader I am confident that the SP will re-rate. Key rationale for me:-

The SP has dropped from £30ish down to just one tenth of that in a couple of years. Ocado have more clients, the technology is more mature and their revenue is up over the last couple of years from that point.

The current SP means that Ocado is ripe for a takeover bid.

The executive should be looking at a transition to the States where leading edge technology solutions are much more favoured, hopefully we hear positive action on that at the AGM next week.

AI is the future there is no two ways about it. Ocado have a leading edge AI solution.

The longer the hedge funds have shorts in play the more interest they pay and they will have targets and margin calls versus their longs and for me it must be close to the point where they start to exit.

The M&S stand off regarding the rebate must be resolved give they are in partnership or M&S could look at acquiring Ocado's stake.

In summary a takeover approach, M&S resolution of the rebate and/or move to the States for me means the potential for a big re-rate is high. GLA.

VP....ramping means providing dishonest advice in order to ramp a share and benefit financially. I support PI's with news and information.

In conjunction you cannot move the SP of a FTSE100 with information on here...you are a fool if you think otherwise....your disingenuous information on CFC's has zero impact on the SP.

Good luck with your short....you are going to need it......I do not believe a word you relay regarding your price action......strange you are continually repeating the same nonsense on a daily basis if you are doing sooooo welll!

Look forward to hearing all about M&S and CFC's again and again as you get burnt further....it will be the key sign you are getting more desperate. Good Luck to PI's.

Good summary of Ocado's Global reach in link below.

https://twitter.com/OcadoGroup/status/1749378509368148298/photo/1

VP....hows your short doing??? Feeling the heat???

True to form you are on constant repeat regarding M&S and CFC's....have you any NEW negative news for us???

Please stay on here as the SP re-rates...... Sainsburys results Thursday......and AGM Monday (hopefully some hot news on a feasibility study on the merits of transitioning to the States)

Then near team Kroger update early May and M&S late May. GLA.

Grocery inflation down for 14th straight month

Ocado is UK's fastest growing grocer

Tesco and Sainsbury's gain market share

Asda sales fall, loses market share

LONDON, April 23 (Reuters) - UK grocery price inflation fell for the 14th month in a row in April, partly driven by an

increase in supermarkets' promotional activity, industry data showed on Tuesday.

Market researcher Kantar said annual grocery price inflation was 3.2% in the four weeks to April 14, versus 4.5% in the

previous four week period.

Kantar said items bought on offer made up 29.3% of supermarket sales – the highest level outside of Christmas since

June 2021.

"This emphasis on offers, coupled with falling prices in some categories like toilet tissues, butter and milk, has helped

to bring the rate of grocery inflation down for shoppers at the till," Fraser McKevitt, head of retail and consumer insight at

Worldpanel by Kantar, said.

Official UK data published last week showed overall inflation fell to 3.2% in March, driven by a slowdown in food

inflation to 4%.

Kantar said online player Ocado was again the fastest growing grocer in the 12 weeks to April 14, with a 12.5%

growth in sales.

Market leader Tesco and No. 2 Sainsbury's saw sales growth of 5.9% and 6.8% respectively, both gaining

market share year-on-year.

Discounters Lidl and Aldi saw sales growth of 9.1% and 2.8% respectively, though the market share of Aldi edged lower.

No. 3 player Asda was again the laggard, with sales down 0.4% and its market share down 60 basis points - an outcome that

contrasted with the upbeat tone of its 2023 results published on

Monday.

Kantar also noted total online grocery sales reached a share of 12.0% for the first time since July 2022.

The short action recently is actually a positive in trying to comprehend the SP trend last week.

Monday 15th April - 0.12%

Tuesday 16th April - 0.16%

Friday 19th April - 0.10%

https://www.shorttracker.co.uk/company/GB00B3MBS747/

Mcap of £3bnish means 0.10% is circa £3M......this is not sustainable by the shorts and the SP was very robust last week against that backdrop with no news flow. There could potentially have been another circa 0.10% acquired today to try to curb the SP upwards....we will find out tomorrow afternoon.

But be in no doubt this is not sustainable by the shorts and is good news in the long run. GLA.

Sangijuelas1 good call out of VP.

I would recommend not engaging VP as his shorting actions are clear....he is being disingenuous and it is groundhog day every day with his posts.

Ultimately he will get squeezed, news and Facts will do that....but watch as he gets more desperate and continually repeats without understanding nothing on this BB moves the SP in any way shape or form.

Ultimately this board should be used to support the limited number of PI's on here with their decision making.

To be clear Ocado's IP is their technology solution.....which is leading edge and world class.

But it is important to recognise their retail division and like it or not....lower retail inflationary pressures has a positive impact on the SP.

The SP is seriously undervalued.

Time to move to the states....hopefully there is more detail this week related to the activist investor/s.

Should be a key topic of the AGM next week.

Also Sainsbury results this week should also bump up the SP related to lower retail price inflationary pressures.

GLA.

Great article Squadrazzurra.....great prospects for the next Ocado financial update....excellent.

Ocado, the UK’s biggest online-only supermarket, was named the fastest growing retailer for the past 12 weeks by both Kantar and NIQ.

According to Kantar, Ocado was the fastest growing supermarket in March, having improved sales by 9.5% in the latest 12 weeks.

It was also the only grocer other than Waitrose to boost its number of shoppers in the last three months.

NIQ also named Ocado the fastest growing supermarket, with its latest data citing sales growth of 13% over the last 12 weeks and an increase in market share from 1.5% to 1.6% in the first quarter of the year.

According to NIQ head of retailer insight Mike Watkins, Ocado has been gaining sales momentum since around this time last year, however its positive golden quarter allowed this to carry through to the first quarter of 2024.

He says that this comes down to “very strong” customer metrics, shoppers, visits and spend.

“Clearly inflation’s helped, but based upon our data, their average spend per shopper is up by 11% and that’s above inflation.”

Watkins says that this growth is in part down to Ocado having “very committed and very loyal” shoppers.

“It’s been heavily investing in customer engagement and it’s been very successful,” he explains, adding that there was “a surge of new shoppers towards the end of last year”.

Watkins also praises Ocado’s “massive commitment” to its pricing offer.

“They price match 10,000 Tesco products – the biggest price match in the UK and that does include price matching against Clubcard discounts.”

UK inflation falls to 3.2%, the lowest level since September ONS Chief Economist Grant Fitzner says:

“Inflation eased slightly in March to its lowest annual rate for two and a half years.

We expect inflation to return to target later this spring, which raises the prospect of interest rate cuts from June onwards.

“Once again, food prices were the main reason for the fall, with prices rising by less than we saw a year ago.

“Similarly to last month, we saw a partial offset from rising fuel prices.”

Auchan Retail Poland ("Auchan") has today announced they are live with the Ocado Smart Platform (OSP), and are commencing the rollout of Ocado's cutting-edge fulfilment software across their store estate.

In 2022, Ocado Solutions and Auchan announced a partnership to develop Auchan's online business end-to-end using the Ocado Smart Platform ("OSP"). The rollout of Ocado's In-store Fulfilment (ISF) is a key milestone for the partnership, with a Customer Fulfilment Centre (CFC) also planned to serve the Warsaw region.

Announcing the launch of Ocado's ISF solutions, Szymon Turnau, Director of Digital & E-commerce at Auchan Poland, said:

"The Ocado Smart Platform is one of the most extensive and technologically advanced packages of such solutions on a global scale. Its use will significantly impact the optimisation of processes and the scaling of our online business, which we have been consistently building since we launched our online sales 13 years ago. This will translate into increased shopping comfort and satisfaction for our customers. Deliveries will be made faster and in more flexible time frames while improving the completeness and quality of orders. The product range available in our online store will also be expanded - now up to 20,000. products, and when the CFC launches, up to 40,000."

Ocado's In-Store Fulfilment solution is a fast, scalable and flexible fulfilment option for serving customers online from stores. Underpinned by intelligent simulation and optimisations, Ocado’s ISF enables OSP partners to leverage their stores as efficient fulfilment hubs. Smart algorithms calculate pick walks to enhance productivity, with minimal in-store disruption.

Valueplay......lets see who is right and who is wrong then in the coming period.....and I want you to stick around and not disappear when the SP starts to re-rate.

Bayobach.....hedge funds sweat due to their substance abuse alone....believe me :). Hedge funds do not control the SP long term....6% versus 94%ish stating the obvious. News, facts, sentiment, speculation all trump a hedge fund. Also remember the hedge funds will have long positions to de-risk the short as per hedging.

I would recommend not focusing on charts....future charts cannot take into account future news, RNS's, sentiment, speculation etc....they are meaningless....you might as well listen to Valueplay shorting advice!