Member Info for Rocka999

The market still a bit slow catching on here but at least the SP is moving now following the news of the buy back

I can assure you Tim will have a big say on whether the company will be sold or not

n August last year, MXC engineered a reverse-in and AIM IPO of Sutton Coldfield-based 365 Agile at 75p per share, a business which MXC had acquired a 25% holding back in October 2014. The aim (so to speak) was to build an Internet of Things (IoT) play with a focus on the social housing market. 365 Agile had previously acquired social housing software firm South View Solutions for £1.1m in cash and loan notes, and wireless sensor electronics company Ciseco (aka Wireless Things) in an all-share deal valued at £0.5m. In November 2015, 365 Agile acquired Bletchley Park-headquartered ‘smart’ internet based heating and hot water controller start-up, Easytherm (see Easytherm nests in 365 Agile’s hive), paying £2.1m, mostly in stock. 365 Agile’s shares jumped to 86p and all seemed to be going to plan. The first signs that all was in fact not going to plan was in April this year, when 365 Agile parted company with CEO, Jonathan Holyhead. Further bad news came with 365 Agile’s maiden results announced in June, which revealed operating losses of £2.2m on revenues of £1.6m. Agile’s non-exec chairman, Clive Carver, noted that ‘the original business model was open to improvement’. The ‘improvement’ basically involved throwing in the towel, which was confirmed today. 365 Agile will become a cash shell but will continue to generate revenue from its 365Agile software suite, which is channelled through MXC portfolio company Castleton Technology.

Tim's quite clearly said in the past he's not for selling although everyone has a price I'd imagine

https://uk.finance.yahoo.com/news/ocado-most-shorted-stock-uk-091303068.html

It's a possibility with the CO-OP but I'd put some money on M&S with Sir Stuart Rose being the ex boss. The only other alternative would be a new deal with JLP (Waitrose) although they have their own dark stores albeit not to Ocado's standards, you never know the break clause comes in next year.

Wonder how long it will be before we see a tie up here, Sir Stu has already had thoughts regards this in the past and now there's nothing to block it, M&S only have a limited capability at present so a move here makes sense. Morrisons will only be using 30% capacity at Erith so I'd imagine there's room there for another grocer such as M&S although I'd imagine Waitrose wouldn't be entirely happy with M&S as an Ocado partner. Ocado has brought forward their plans for further CFC's as a result of the new agreement so we may see some further developments here in the UK

Yes good news then a placing which kills it off again The retail analytics tool got the SP going for a while but couldn't be sustained

Nice top up.......... Quiet on here of late

You need to take a look at the history here Ledj, no need to look at ASOS, the shorts have already been wiped out once but haven't learned the lesson, we'll get a repeat performance here eventually. Potts a major sceptic over at Morrisons has validated the agreement and now my friend at Shore Capital has agreed, I heard he nearly choked when he said "hold", he had to look up the meaning of the word because he only knew what "sell" meant such is his limited vocabulary.

profit is key to break out of this cycle........

Reiterate "Buy" PT still £4

Don't dare say it !

I'll try but Luddite sprung to mind, I think he'd rather take a sledgehammer to a robot than admit he may have got it wrong. I never thought Clive Black would change his stance but there you go

Heard you the first time, free movement of labour within the EU doesn't mean you open the door to North Korea, in fact it makes a mockery of the EU, glad we're on the way out. When has Kim Wrong-UN ever worried about feeding his people, he'd sooner spend the money on launching rockets into the sea.

You're right regards the shorts, their strategy isn't looking to clever right now as there could be further deals in the UK now as well as overseas

Shore Capital today upgrades its investment rating on Ocado Group Plc (LON:OCDO) to hold (from sell). This is indeed a major development, I believe Clive Black their leading analysts has finally seen the light who has been totally negative on Ocado for years. I knew he'd come round to my way of thinking eventually

There was an interesting programme on last night regards who does the fruit picking in Poland as a lot of the Polish workers are here in the UK ! Would you believe Tesco in Poland source tomatoes locally from a firm that hires North Koreans! Just wondering where those wages end up, funding missiles maybe ?

I believe the market disagrees?

"The exclusivity restrictions on Ocado shall be reduced, allowing it to provide services to certain UK grocery retailers previously excluded under the original arrangement" I'd say that comment excludes ASDA, TESCO and Sainsbury for a guess ! That would leave CO-OP, M&S and a few others maybe? Not sure the discounters would go for this. More importanly Mr Potts has now rubber stamped the deal, not Dalton Mk2 as he appears to be more shrewd than his predecessor. Looking at the detail it's a bit of give and take here and there. I'd be interested to see how the store pick module works although I think I can guess ! Now agreement has been reached it may now open the door for further deals abroad