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Online grocer Ocado had its worst day in nine months on Wednesday after a warehouse tour aimed at showing off its latest technology backfired. Ocado this week took analysts and investors to Andover in Hampshire to see the third generation of its distribution centre. It is Ocado’s first implementation of a proprietary system it calls the Hive: a giant frame patrolled by clawed robots that grab and sort stacks of boxes below, then drop them with humans for picking and packaging. But despite having been in operation since November, the Andover site is running at just over 10 per cent capacity, said analysts. Volumes are not yet enough to take direct deliveries from suppliers so most goods come from Ocado’s Dordon hub, 120 miles away. To reach scale Ocado will need to cut prices and invest in marketing, which is not yet in market expectations, said analysts. And, in the meantime, the slow progress means Ocado will struggle to attract licensees for the Hive system and will rely instead on much less lucrative software-only deals similar to the one it announced on Sunday. Hive “is not yet the magic bullet that will make the online food retail industry profitable,” said Exane BNP Paribas, which called consensus forecasts “far too optimistic”. It advised selling Ocado, which fell 7.9 per cent to 284p.

http://www.dailymail.co.uk/news/article-4570062/Supermarket-trials-driverless-delivery-van.html Don't think this will be on the cards just yet......................

The clues in the detail

http://www.thisismoney.co.uk/money/markets/article-4578760/Hedge-fund-s-100m-war-chest-force-Ocado-shake-up.html

A move up at last.........

Yes the first international deal has been signed, lots of expectation but then we find it's not one of the major players like Carrefour for instance it's only a regional retailer the details of which are to be kept secret due to commercial sensitivity and then the numbers are a bit thin on the ground?? So the SP has a mini revival out of the doldrums due to internal leaks for a guess during the last few weeks and now we know it's not a major player. If this had been Carrefour or a retailer of that size then yes game over for the shorts but they live to fight another day for now unfortunately. Even today there has been a hint of more deals in the pipeline so I would wait and see who or what is next. I'm disappointed that the news wasn't a real game changer today like Morrison's but I still believe it's only a matter of time. As I said the technology is there and you can pick segments of the OSP to suit your business needs which demonstrates the flexibility of the system as we've seen today. There's nothing better out there currently than the OSP so more contracts will be coming in time. Hatteland's Autostore is global in 22 countries with about 130 installations which is what Ocado should be aiming for as they have a better system which they constantly improve upon. As Netaffect has said sell on news which is sound advice but not always the right choice.

Yes on both accounts

£3.40 high, nice bounce off £3.05 earlier and currently climbing again, seen a lot worse would you believe As I've repeatedly said, this share is not for the fainthearted by any means, it's a rollercoaster of a ride :)

Never try to second guess the market, the deal isn't a spectacular one, numbers are missing and not imminent either. There will be other deals along, the technology is there, just got to sell it The SP hit 3.18 and dropped like a brick as I thought, currently £3.09 to buy

£3.18 looks pivotal

Probably getting sold into the news which is good advice, the thing with Ocado though is that there are other factors in play such as the shorts which have increased I notice from short tracker today. The bears have been waiting for a crash here for as long as I've been invested but their investment strategy weakens every QTR. I topped in in April as I thought it had bottomed out which was the right call looking back, I think todays news was out middle of May when the SP jumped looking at the charts. We've peaked today I believe but the SP has a lot higher to go still in the long term as further international deals are done plus M&S and Dobbies are added to the portfolio of partners

Well there it is all official and such, the first of many I hope

http://www.telegraph.co.uk/business/2017/06/04/ocado-finally-strikes-first-overseas-deal/

http://www.cityam.com/265923/ocado-signs-technology-deal-european-retailer Good news :)

Could be about to break out.....

Welcome to the BB, always nice to see new faces on here Regards the TR-1 for Roditi, I've become accustomed to ignoring them now as it's usually shares being lent out, swapped recalled between the funds which affects the voting rights as you can see from the RNS, total voting rights should remain unchanged as the shares haven't been sold. None of the major shareholders have actually sold and I believe from memory 75% of the shareholding is held by the 10 largest shareholders who loan out their shares regularly for 3-4% interest I believe. I've never borrowed shares so I'm a little bit in the dark on that side of things.

On the move again today

http://www.computerworlduk.com/infrastructure/ocado-private-cloud-ensures-low-latency-connectivity-for-warehouse-robotics-3659502/ Spot the error !

The long term prospects still look good, contracts appearing now with maybe M&S and Dobbies is a done deal. I'd still like that first overseas deal rather than just UK retailers.

"Outperform" PT £4.10