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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.

The fact it is automated means it has to even more safety critical. The fire service put there own lives at risk on attendance to these events. In a plane a pilot will have final control and switch of auto pilot in an emergency, a train has a dead mans handle, a car has two braking systems plus the ability to shift down.
Software on its own is not good enough when there is no physical presence.

It failed it’s as simple as that. An HSE report will need to filled. When it comes to safety, software is not acceptable there needs to mechanical/ physical interlocks.

Looks like 3 robots collided. There will need to be a review of safety interlocks. This should not happen and must be made fail safe. It could be sometime before a return to normal operations and other Ocado automated sites reviewed.

Remember some due-diligence can be so critical that the buyer can simply wish to walk away from the deal or re negotiate the purchase price

The old Adige, Go away in May and come back on St Ledgers Day is appropriate as the case will have commenced by then. I will look at this more seriously in the Autumn but not until then.

Of the same ilk is Spirax Sarco thought about buying at £9 and still thinking at £140. I sold out of AHT at £9.80 thinking I done well. ROR and SCT are one day companies, aggressive and well run been in these a few years now and will stay.

The issue here is the more they expand and valuation increases the greater the fall if things don’t go well. These are high stakes. I have experience of this with Kodak when they copied Polaroid instant camera technology. It was the beginning of the end.