Member Info for Rocka999

I thought it was interesting that Kroger bought more than the 5% of shares as reported the other week (5.92% in total) Being a large shareholder would give them access to more information than that in the public domain More deals on the way ?

Will be one of the UK's top tech companies ! Look out for VRS also ;o)

Shame a few of the others posters along the way didn't have a bit more patience, I did say last year, chill out they will come good................

I'm having a guess here but I believe Ocado may be in 86th place after close of play tonight which is what matters, cannot see any reason not to promote them into the top flight at this stage, change would take effect on Monday 18th June as I've already posted

https://www.theguardian.com/business/2018/may/29/ocado-set-to-join-ftse-100-elite-in-quarterly-stock-market-reshuffle

D-day is tomorrow................

Things look better already with Smith now onboard albeit part time, the market appears to have warmed to the news this morning at least !

All hands on deck' was the cry from AIM-listed, mid-market network, cloud and IT Managed Services provider IDE Group, and venerable turnaround entrepreneur Andrew Ian ("Ian") Smith, aged 54 (according to the RNS release), rallied to the call. Smith, well known in this parish as co-founder and CEO of AIM-listed corporate advisory and investment firm MXC Capital, has stepped in as a part-time executive director at IDE "to lead the strategic and operational review of the business"; as a result, IDE's COO/CFO Julian Phipps has jumped ship (IDE does not have a CEO). MXC's advisory unit has been appointed to, well, advise, for a �30k p.a. retainer and 2.5% of any subsequent 'relevant' corporate transaction. Meanwhile, MXC, Kestrel Partners, and an investment vehicle owned by IDE's interim non-exec chairman Bill Dobbie, have tossed an aggregate �2m in loan notes into the tank to keep the ship afloat. MXC was already IDE's largest shareholder with almost 22% of the stock. The unsecured loan notes run for three years with a 10% coupon value, though I suspect they will not be running their full course if Smith works his usual magic.

It's a no brainer, they're turning to a more profitable model for the business, a bold step to be fair but one they felt they had to take

It sounds to me like the BOD do know what they're doing...............

It appears Tim has 12,000,000 million shares coming to him at a weighted average share price come 2019 which looks a tidy sum at todays price. " Performance will be assessed based on the three-month average share price of the Company and the FTSE 100 Share Index at the end of the performance period in comparison to the three-month average share price of the Company and the FTSE 100 Share Index prior to the start of the performance period" The average SP in 2014 prior to the GIP was �3.19 and the FTSE was stood at 6389.25 which the company will have had to outperform for Tim to receive his free shares under the GIP. I'm sure the SP had to be about �14 when I did my original calculation..

Hottarder77: Stick to the fundamentals here, there is nothing else pushing this along other than a bit of good news here and there and a bit of jam on your toast tomorrow. I was a big believer in the analytics software a few years ago, now its looking old hat, my iphone knows its me just looking at the screen now and logs in to whatever I want to look at. In answer to your question :- "The quality or state of being different or diverse; the absence of uniformity or monotony" Swim against the tide all you want to, just make sure you've got your armbands on..............

AIM-listed RedstoneConnect's plan to sell off its profitable systems integration and managed services divisions to focus on growing its much smaller software business looks like a brave move. The �21.6m deal will provide a substantial cash injection (�19.6m) but will shrink the company's annual revenue by an estimated 89% if approved by shareholders. RedstoneConnect's management is favouring more profitable smart building software sales at the expense of supplying IT infrastructure and support services in a more mature market with a lower gross margin, though the proposed buyer - Essex-headquartered Excel IT Services - seems happy to take on the risk. The move is all the more surprising considering that RedstoneConnect had a good year revenue-wise. Its total turnover rose 15% yoy to �47.6m, with adjusted EBITDA up 60% to �3.2m. However post tax profits dipped 20% yoy to �1.5m, with adjusted earnings per share down 2% to 12.8p and there were early signs in FY17 that organic growth was proving elusive. Either way the company looks to have decided it's best strategy was to get a good price to fund expansion in a different direction while it could. Excel will buy what still looks like a solid business, one formed by RedstoneConnect's earlier acquisitions of Commensus and Comunica Holdings. RedstoneConnect's managed services revenue rose 20% to �18m in FY18 (�15.3m in FY17), delivering a post tax profit of �2m, and whilst the systems Integration division's turnover was flat at �24.2m it still yielded a post-tax profit of �405k. In contrast, the company's software business more than trebled from �1.6m to �5.3m in the same period, yielding a post tax profit of �1.3m and considerably higher gross margin of 83%. We admire RedstoneConnect's vision for a smart building software market which we think remains at a relatively early stage of its evolution, but can't help wondering why it paid �2.4m for Commensus only 18 months ago just to scrap it now. Only time will tell if the company has made the right call but we expect the strategy will be fleshed out by further software acquisitions in the near future.

I notice he's in line for his bonus next year, at this current SP I didn't think he'd achieved it ?

"Nice quote by Jim Bezos of Amazon to Steiner & Gissing in Seattle "you're tiny compared to me but you can do what I do, I, however cannot do what you do". Something I posted 5 yrs ago but still relevant today !

Thank you for your opinion but Ocado are looking at an 18th June listing if the MCAP stays at its current level

Ocado and GVC Holdings are currently in with a shout of an automatic entry into the FTSE100 with Mediclinic and G4S dropping out..............

Ocado certainly have experience in that field, I recall a few years ago several of their patents were challenged unsuccessfully by Hatteland, owners of �Autostore� as both models were similiar. Ocado approached Hatteland for their robots but they weren�t intersted so Ocado went it alone. Jakob Hatteland sold Autostore when the Andover CFC was completed, timing was spot on! Ocados Hive is far superior than Autostore in various aspects which I�ve posted before.

It won't re rate until they make some money which is were they've never succeeded to date, how far do you want me to go back 5,10, or 15 yrs ? Remember the old saying :- Sales are vanity, profit is sanity and cash is reality, they fail on 2 out of 3 here

Now that Kroger have a 5% stake in Ocado I don't think there will be any patent infringements within the US