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VP
Please answer my questions to you in post 17:05 and 10:01
"The analysts at CFRA have far more data at their disposal than you"
VP..with respect....Dont insult people´s intelligence and ability to read what CFRA puts in their "analysis" and what they choose to conveniently leave out and how they conveniently word things to their agenda benefit , without having anyone take them up on the sly wording ...
I am not THAT stupid in terms of the research I have at hand
Fleccy
Barnier 1 Johnson 0 .... Johnson with few shots on target !!
Fleccy
The likes of Boris Johnson, David Frost, Dominic Raab were all so arrogant and thought the EU would bend over and negotiations would be a push over ... Boris for one thought the EU would easily give in to what he wanted ..
One by one they fell like flies , as it became plainly obvious that they had woefully under estimated who and what they were up against
To suggest it was down to some treacherous groups acting to making them weak ..is...in my opinion...with little merit
I'd suggest these various anti Brexit players weakened the Government so much, they strengthened the hand of the EU negotiating team to ensure we got a bad deal, quite treacherous in my opinion.
with respect Fleccy...I have to say that I feel that is one of the most ridiculous suggestions I have read on the subject
"weakened the Govt so much" .... holy moses ....
Sangijuelas1
VP is entitled to his "assumptions" and "looks across" ...but to any one who looks at the detail they have a very shallow sense of analysis behind them
" Many assumed that Kroger would go far beyond their contracted 20 CFCs and build out 40+ CFCs with associated spokes."
who VP are these "many" ?
can you provide an article of facts to give details of these "many" and their "assumptions" ??
how many CFC s are you aware of that Ocado are in a position to build at any one time?
..in terms of having the tech build for them all ?
" They could have issued rights at 70,60 etc .."
you think so ?
They dont get to say what price anyone will buy new shares at .... any investors tell THEM what price they are prepared to pay....and that is only if they are indeed interested
the accounts are so bad there was little chance anyone would seriously pay 70p .... most buyers would want to flip them
Rights Issue is an expensive exercise , unlikely they would choose that route ...a cheaper book build maybe but only at a price offered to them
and given that they arent even in the FTSE 350 the options open in terms of City Fund managers is ...somewhat limited
Valueplay
you have wandered deep into the territory of posting opinion as fact.... not a good look
Chips on the table...last call at the bar...
the poker game is approaching Call ... prepare to show your hand
winner takes all
sorry ..no further credit allowed :-)
The SP falling isnt all to do with Ocado.... shorters here are playing with other external dynamics other than the "terrifying" news that 3 spokes are closing :-)
I am all for hearing contrarian views ...but prefer to hear more balance views in order to gain understanding
VP isnt exactly independent ..he posts points to meet his agenda ..and repeats them numerous times if necessary to enforce that agenda ...if that agenda is currently a short position ( probably expected)
He isnt exactly going to give anyone any help against that view of having a short position in place
IMO
ValuePlay
one piece of deep knowledge tells me that whilst Ocado have net debt at the last FY end £1,075.1m the Group had £1,550.1m of un-utilised carried-forward tax losses.
so...not such a bad thing to have 50% more in tax loss credits than you have in your net debt !!
"There's a real lack of genuine deep knowledge re this company"
On that point ValuePlay
could you put your " genuine deep knowledge" to my 10:01 post and explain in detail the contract liability and " the consideration received in advance" against your understanding that " Then they recoup these (build) costs in the main via receiving a percentage of the value of the goods that pass through the CFCs."
I am wanting to understand what the £442m of contract liability from "consideration received in advance" ..actually is then ?
"For me a lot of this must be in the price "
Carrington
I would agree
The shorters and traders have carefully put it in an oversold position-- IMO ... ready to knock it if the BOD dont deliver ..but also ready to buy back , knowing they already over sold it anyway
"The market is also fearing the worst"
On that I would say that the investment Funds that the share price growth depends on, are currently invested elsewhere with better dividends and maybe less finance cost impact...so...for now..aren't even looking here
Funds will pay a lot more for this once they have the proof of recovery of margins and Operating profit recovery .... we are in the " see it to believe it " situation
It is easy to knock the price down when there are few buyers around ... which this share has had for a while.... unloved without a firm Update
Unfortunately the Investment Bank traders and Hedge Fund Hyaenas will no doubt pounce if the BOD do indeed miss margin expectations ... and are unable to demonstrate current H1Trading is showing further margin, cost control, and overall progress
I am tending not to expect any main impairments ...need though to see what things like the FX Derivatives trade at....gains or losses
I am more inclined to think things are past the worst of H1 2023 and as such "overall" moving in the right direction
As previously suggested I am looking to end of H2 to see the overall recovery situation rather than at this stage
The shareholder Equity has dropped from £651.4m to £223.5m inside of 2 years which is pretty horrendous
.... so you definitely have to want to think it has to get better ..... but... with the net insurance liabilities and lower cash once the 10% Haan loan kicks in , plus having to ask for consent before paying any further Corporate Debt off ..they are still sailing through delicate financial waters ..dividends look a long way off yet...
Given the Insurance liabilities and the impairments on Insurance it suggests they have come to realise the business isn't worth quite as much as they may have hoped for... looks like they are though being somewhat realistic to that fact
Current MCAP is below the book Equity so the market isnt being kind to the share at all
We are all entitled to an opinion
yes...but... technically we are all supposed to abide by the forum rules ....and so posting "it is the bottom", "it will multibag" without adding evidence to that view is technically Ramping ..and not within the Rules
" if the M&S dispute is not resolved sensibly"
well they are both essentially batting for the same team ....so... "sensibly" seems a more likely outcome ....
* they wouldn't need