Member Info for Sangijuelas1

Anyone using Ocado Retail as the valuation metric here is barking up the wrong tree.

All of the institutional investors are in it for Solutions, not Retail. They are invested in a robotics company that has the advantage of having the Retail arm as a demonstrator and a learning tool.

Of course, being able to demonstrate that Retail is a success is important but it is really a marketing and R&D cost for proving out the tech and Learning by Doing.

I only value Ocado by the solutions revenue as that is the growth opportunity.

As for M&S I get the feeling Ocado see themselves as the senior partner. I wondered why there's not more promotion of Ocado by Marks but it actually sounds like Ocado are the ones preventing this.

Symbotic

You can see why they think valuation on Nasdaq would be higher.

Warehouse automation co Symbiotic are valued at 26bn from annual revenue of about 1.3bn. They are also currently unprofitable and 80% of their revenue is from Walmart.

Compare their sales/price multiple to Ocado Solutions of about 6.

As well as the low SP last year the convertibles were trading at the low 70s. They are currently about 88 and the price to turn them into stock is the low 20s.

If the company was as worthless as the current SP you would think the convertibles would reflect this.

Crikey Valueplay, if I thought the Kroger pause was going to be less than 12 months I would be piling in.

I read a Bloomberg article from October, which had comments from one of the convertible bond holders. They were saying that any further additions to the Kroger CFCs would be absolutely massive and would lead to strong profitability.

And Kroger success is all about increasing the speed of the order picks, something which the use of Reimagined in the UK has achieved.

The news about the spoke closure said that it would have zero impact on the CFCs or other spokes.

Kroger tried to expand reach to 200 miles of the CFCs . It didn't work so they dropped it.

Price was pumped to set up trap for traders and then the short sells can combine with the traders getting out.

You need to keep an eye on US inflation prints. I sold just before as I suspected would be bad

I was talking about the "spokes", which are not CFC. Typical size is 50,000 square foot whereas a CFC can be close to 400,000 square foot.

Don't know what you are talking about. I was replying to VP

You can have low costs but if you don't deliver on sales because no one knows who you are then you are going to fail.

The point is that the original article called them fulfilment centres when they weren't. They were just sites offloading made up orders from large lorries and on loading to delivery vans.

Seems that it was Kroger's mistake in thinking they could sell online in states where they had no store presence and limited brand awareness

Value play- the other day you were going on about an article saying that 3 Kroger spoke fulfilment centres were closing.

Kroger has no store presence in Florida and Texas and thought they could be successful with online only sales there.

The spokes were simply locations where orders already made up at CFCs were transferred from lorries to delivery vans.

So I think you were over egging something that is unlikely to involve much Ocado revenue opportunities at the spoke location.

If you are looking for something insightful or informative on these boards, you are in the wrong place,!

It's aggressive for a low volume share. Other sellers were a bit more sensitive.

They went under 3% so don't need to report further sales. They sold down very aggressively to get down below 3%.

AVI built up a position when the SP dipped below 200. It felt like a show of confidence at the time.

They are all out confirmed by a recent RNS

Bear markets can last a lot longer than 18-24 months.

Remember the Lost Decade? Or speak to some that invested in Japan 20 odd years ago.

Peel Hunt were suggesting today in the FT that the UK market is going to end up like a stagnant backwater akin to Ireland's.

I would like to take on more risk with US stocks but they are facing a lot of political risk.

If Trump gets in he is talking about shutting down Federal agencies like the SEC, which I don't think the market would like.

Also a massive chunk of the SMT private holdings are in SpaceX, Bytedance, Northvolt and Stripe.

These are massive profitable companies and their value is not really in question.

So comparing the discounts doesn't really make a lot of sense.

Besides no one is going to make an offer to buy SMT, whereas someone could decide they want to buy the MV assets.

AVI bought in when the price was at all time lows. They may have been aggrieved by the dilution from the raise. Either way they exited with a profit.

Liontrust recently bought a lot and BlackRock were happy to pay 280p.

Do you think BlackRock didn't do any due diligence?

The Perkbox valuation seems to have been pretty accurate as the sale was slightly above what it was held at

It certainly wasn't sold for a third of that value, which is what the SP valued it at.