Member Info for Sangijuelas1

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.

So what exactly does your research consist of other than a feeling or belief you have?

All there is to go on is a statement from Kroger saying they were pausing to improve efficiency and a further statement that closing the spokes would have no impact on the rest of the CFC and spoke network.

Would be interested in any thoughts on GROW charts. That regularly seems saws up and down. Can be a traders dream.

Up over 5% today to 250 for no apparent reason. Was at 218 last week again for no apparent reason.

The AGM news will just be outrage at Steiner's bonus package if it gets voted through.

It looks like BlackRock were long here a couple of years back as they were complaining to them about the lack of diversity on the Ocado board.

They may be shorting them for insufficient wokeness

This has been explained to you several times. I have seen from multiple sources from the likes of Britain Ladd to workers at the actual sites getting closed down on Reddit and others.

Kroger thought they could enter sites like Miami where they have no store presence and take market share from the likes of Public without making any attempts to market the service properly.

The Reddit workers from other spokes compared performance at their sites with the others and order volumes were 3-4 times higher.

So most evidence seems to point to Kroger acting on unrealistic beliefs.

It looks like Ocado are actually putting someone in place with Kroger to work at using big data analysis to better retain and acquire customers. As per current Ocado job advert.

Kroger are locked in to Ocado's sticky solution. They can't use the likes of Instacart for much more than a packet of crisps and a bottle of pop.

Omnichannel service involves in store, small order delivery and then weekly shops through Ocado, although Ocado also provide them with in store fulfilment.

A key part of what Ocado are doing with Kroger is using the OSP to optimise delivery routes. As there is a lot more mileage involved due to suburban sprawl.

The CFCs will come. May just have to wait until the Kroger merger which will create an entity on a similar scale to Walmart.

Were the losses high because of capacity issues at Ocado Retail or because they threw further large amounts at R&D investment?

You didn't comment on my post yesterday about Kroger potentially pausing CFCs because of competition concerns about creating a grocery automation powerhouse once combined with Albertsons

Marshall Wace are hoping Mr Marshall can get his hands on the Telegraph.

That whole thing with Farage and Coutts was them using their GB News channel to short NatWest.

As for BlackRock they seemed to be short on Prism particularly before the private equity bid came in for them.

You have to wonder if shorts are sometimes working with buyers. Or it could just be that they are long Autostore and short here?

Well the SP over the last month or so looks like they were given heads up.

The same thing happened to Blue Prism (takeover by private equity).

They started out as a pioneer in robotic process automation and were signing up banks and other large corporates.

But then UK fund managers pressured them to get profitable so they cut back drastically on R&D. Meanwhile, a VC backed Romanian company called UI Path had appeared and they kept investing in their solutions. I was researching Prism before the buyout and every thing I saw was a demonstration of how Path were killing their business by signing up their customers with a vastly superior product.

I saw a chart from Everest yesterday of about 20 companies providing AI led document processing. Prism were literally bottom of the list and Path were top ahead of the likes of Microsoft, Google and IBM.

So a really great demonstration of how the attitude of UK fund managers is destructive of value and unsupportive of UK growth companies.

Prism were unlucky in that they didn't have Baillie Gifford behind them, who understand that it takes time and money to build a strong business with a global reach. Ocado is pretty much the only UK growth company in trusts like Scottish Mortgage or Edinburgh Worldwide.

If it weren't for that kind of support it's very unlikely that the overhaul of Ocado's tech would have happened or the ongoing innovations like available to roll out to new and existing customers.

Pretty sure we wouldn't have Chuck for a start!