Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
The big boys pros no shorts closed 6.26% or 51,782,704 shares which are not available
Https://shorttracker.co.uk/company/GB00B3MBS747/
Not long till next results
18 July 2023
FY23 Half Year Ocado Group Results
Please do your own research as always
Https://www.cityam.com/ex-ted-baker-boss-joins-ocado-as-amazon-takeover-rumours-swirl/
TUESDAY 27 JUNE 2023 8:43 AM
Ex Ted Baker boss joins Ocado as Amazon takeover rumours swirl
Her arrival to the Ocado board as an independent non-executive director comes as the market is speculating that the digital grocer could be taken over by Amazon.
Please do your own research as always.
Encouragingly, Tom Slater of Baillie Gifford, and manager of the Scottish Mortgage investment trust, is supportive. “We believe that Ocado is very early in addressing a very big market opportunity and it would be a dreadful shame if the UK were to lose one of its leading listed technology companies when there is so much potential remaining,” he says. That’s the spirit. Amazon is not needed.
Wow shorts going higher.
Https://shorttracker.co.uk/company/GB00B3MBS747/
6.26% or 51,782,012 shares amazing balls
Please do your own research as always
Https://www.ft.com/content/e9f2b5a3-8fc3-4987-9358-06bc47d60223
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https://www.ft.com/content/e9f2b5a3-8fc3-4987-9358-06bc47d60223
A fund chaired by former UK chancellor George Osborne and backed by Italy’s Agnelli family has increased its stake in online supermarket and robotics company Ocado to above the 5 per cent disclosure threshold.
Lingotto Investment Management, a new $3bn firm owned by the Agnelli family’s holding company Exor, disclosed the position in regulatory filings on Monday. It comes after speculation last week that Ocado could be a bid target for technology companies such as Amazon.
Lingotto’s Ocado position is overseen by Matteo Scolari, who runs the asset manager’s public investments. The position in the company was initiated in 2017.
Ocado did not immediately respond to a request for comment.
John Elkann, chair of Stellantis and scion of the billionaire Agnelli industrial dynasty, wrote in his most recent annual letter to shareholders that the Ocado investment had been the portfolio’s biggest detractor to performance in 2022, “as online grocery shopping normalised with consumers returning to work”. However, he said that Scolari used the drop in Ocado’s share price as an opportunity to add to his investment.
Ocado, one of the most shorted stocks on the London market, is known as a purveyor of groceries online in the UK but it has staked its future on selling its robotic warehouses to traditional supermarkets such as Kroger in the US to help them burnish their ecommerce credentials.
Shares are down 81 per cent since hitting a record in September 2020 as the pandemic-driven boom in online shopping evaporated. In February, it reported a £501mn pre-tax loss for the year, the biggest in its 23 years of trading, while its 50-50 joint venture with Marks and Spencer also slumped to a loss.
Ocado and Amazon both declined to comment last week on the report of potential bid interest but Ocado’s shares surged by more than a third following the rumours.
Elkann wrote in his letter: “Notwithstanding this challenging environment, the company unveiled a series of bold innovations, which together result in a notable reduction in cost, improved flexibility and increased productivity, putting Ocado’s solution far ahead of the competition.”
Last month Lingotto appointed Osborne, who led the Treasury between 2010 to 2016, as chair.
Richard Bernstein, the chief executive of AIM-listed activist fund, Crystal Amber, said on Twitter: 'As a former shareholder in Ocado, fascinating to see the share price up 36 per cent on the Times reporting bid rumours.
'Another example of lack of liquidity in UK equities- £200million short position.
Https://youtu.be/J1nj1WP8n78
Ocado shares soar on rumours of Amazon takeover bid
Nine shorts yesterday lost 101 million pounds.
Https://www.hedgeweek.com/2023/06/23/321046/ocado-share-surge-hits-short-sellers-including-man-and-aqr
Please do your own research as always.
Ocado shares soar on rumours of Amazon takeover bid
Https://youtu.be/J1nj1WP8n78
Https://shorttracker.co.uk/company/GB00B3MBS747/
Ocado large shorts still at 6.16% or 51,000,000 shares.
Https://www.theguardian.com/business/nils-pratley-on-finance/2023/jun/22/true-believers-in-ocado-should-not-be-tempted-by-amazon
True believers in Ocado should not be tempted by Amazon
Nils Pratley