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Yes, I would expect all the brokers to align to £15-£17 overtime.
The medium term share price will be governed by financing issues. I would expect next year the company will need to go to the market for support. I don’t think the revenue streams from the current Overseas contracts will be be in place for a least a couple of years. In 2024/5 there is also the overhang of the 600 mil bond maturity/ conversion which is projected to be £17 a share. Therefore I cannot see any opportunity for gain apart from short term swings. So £15-£17 seems reasonable for the next 4-5 years.
Yes, there is nothing to worry about here. Looking at Bidstats they continually win new tenders and increase value on existing contracts. As mentioned a nice increase in dividend, this as I said before is difficult share not to be in.
Quad witching
Value, if we all had the same opinion it would be a dull board.
It’s not just about legal costs, damages, appeals and reputation would also have to considered.
Then the case may not be clear cut. My view is Autostore hold the cards as I think Ocado will need to win big.
Autostore would not have raised the issue with the US and UK courts unless they are confident of infringement. The costs are far to high, again this is a Pivotal moment for Ocado. Deals and contracts are irrelevant if they loose the case. Indeed they could be playing into Autostore’s hands.
That is a fair point Modsto, but not at a valuation of £19 a share.
Yes the lawsuit is pivotal here. Ocado will never make money delivering groceries the overheads are to high.
The tech is key. But who owns it? Autostore have put many patents on the table. Ocado really need to win them all.
Trading update from Ocado will be interesting for M&S. The issues State side will probably overshadow the gloss for Ocado.
Unfortunately Covid-19 infections are actually rising, this is certainly a dampener on Company.
Yes interesting times, this will be key for Ocado. Not so much for Autostore.
I am buying some today. Maybe the dividend being unchanged has deterred income seeking investors short term.
Don’t forget the 3 day rule. It takes time for the margins to settle. Monday would be the time to look at this again.
Like the link with Ultra electronics though. A well run company. She could be useful.
Most of the debt is on pension provision so if interest rates go up the cost will go down.
Leave it till the Autumn
It’s a fire, it cannot and must not happen again even a little bit. The HSE will probably enforce change after a extensive review. Whether Erith will be permitted to continue as before is anyone’s guess.
This is a serious incident. Making light of it won’t help. Ocado have serious issues to address.
Correct there are a lot of car fires not surprising as there tends to be a hot combustion engine at one end and fuel at the other.
There have been two fires now involving robots. This cannot continue to happen.