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If you check that Bernstein video I posted he said 10% of investor interest relates to Retail, the real business is Solutions.
Https://markets.businessinsider.com/news/stocks/ocado-group-s-promising-cash-flow-improvement-and-market-expansion-opportunities-a-buy-recommendation-1032676655
This video is very much in line with my thinking from the Bernstein guy.
https://m.youtube.com/watch?v=0wJaTKjCX-Y
It's like Kroger are committed to building additional CFCs.
They have put things on pause. If I pause a movie to get a cup of tea that doesn't involve throwing the TV out the window.
They literally seem to be copying the research posted last week on that AI site.
Sorry but in what world does a broker note from HSBC strike a serious blow to a business?
Fluff
Seriously the Reddit forum was made up of disgruntled workers that had lost their jobs.
They were criticising Kroger but what they were saying was in line with what Britain Ladd and others said about the spoke closures.
You can get a useful idea from talking to employees. I asked one of their drivers the other day how many loads. He said 24, which is their efficiency target. If he had said only 10 or 15 then that's a negative indicator.
Not at all. I guess I feel that I have posted too much things that I find of interest but probably not of interest to others.
In seeking out responses to VP I have found out some stuff.
I believe you do have to have the investment case and optimist beliefs pulled apart.
It's just when the same points are made again and again......
Maybe some are happy with imprecise info supplied by VP and think it shouldn't be questioned.
I try to say things that reflect uncertainty by using words like May or Could.
If VP says Amazon have a partnership with Autostore and the reality is that they are just trialling their tech at one location then I am going to keep calling them out.
There is a filter if you don't like me doing that.
No but things like that are interesting. They show that OIA is attracting attention.
Not my bag thanks.
Funnily enough 2 of their main customers DHL and Johnson & Johnson liked Ocado Intelligent Automation posts on LinkedIn in earlier this week.
I believe that Ocado's closest competitor is fairly relevant.
Especially with their £4bn valuation on falling sales and no guidance for 2024.
Well Ocado Solutions grew 44% with 15-20% growth projected for 2024.
Why is Autostore revenue down if sales are there to be made,,? And they won't even offer any guidance for 2024.
Sad that they reported a revenue drop of 7% YoY the other day.
So you will be buying Auto store stock then?
Https://www.thegrocer.co.uk/ocado/why-would-amazon-want-to-buy-ocado/680734.article#:~:text=While%20optimised%20for%20picking%20groceries,major%20ambitions%20in%20online%20grocery.
Goldman Sachs and JPM mentioned here.
As well as the tech Amazon would value the data very highly as most of their consumers are fairly affluent.
The Times report at the time mentioned 2 investment banks assisting with preparing a bid .
They are not partnered with Autostore. They are testing Autostore tech at a site in New York.
Maybe they will want to test the Ocado system as well?
I don't think any of the major shareholders are looking to sell for the next few years.
I think the Amazon bid was sounded out and rejected.
For the last 2-3 years grocers have had bumper profits from being able to use general inflation as cover for increasing prices.
So less need to address their operations to reduce costs. But these profits will need to be sustained as inflation comes down so I believe the CFC slowdown is likely to reverse in the next couple of years.
Sometimes circumstances mean a good solution is overlooked for a period of time. It doesn't mean the solution is not good. It could be that all the recent investment bears fruit over the next few years.
You have outlined your position on Kroger. Elements of your thesis have been meant with an antithesis based on research but rather than engage with and counter the points made you prefer to shut down the conversation.
You keep saying Kroger are going to switch to Instacart and away from Ocado without explaining how Instacart are going to manage the large orders.
Instacart's own marketing is full of photos of a delivery driver handing over one bag of shopping as it is only used for small orders picked in store the same day.
It's not true that shorts only close at the end of the day.
Autostore news was released during the day and they were piling out then. There was also a spike of about 10p the very moment Ocado tweeted about opening the Auchan Poland operation, which suggests to me an automated spike on the news that was then overridden by a human as the news was not significant.