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Now started recruiting for delivery drivers
Well you were saying it was underpriced at £11 a share this time 2 years ago so those predictions don't seem very effective!
Surely better to try and build a multi billion pound global business and fail, than spend days on end tapping furiously on a keyboard angrily denouncing them for trying?
I mean seriously, the other day you seemed to be rejoicing at the prospect of escalating Middle East hostilities pushing the SP down further.
50 items in 5 minutes not 10
The price to sales ratio of Autostore is 8.3.
And if you leave Ocado Retail out the price/revenue ratio for the solutions business is under 6.
Autostore market cap is 5.41bn dollars and Ocado today is 3.73bn dollars. They only grew revenue 11% against Ocado Solutions growth of 44%.
It could be said that Ocado Retail is one of the main drags on the SP. Autostore is worth more on slightly higher sales discounting Ocado Retail completely.
These analysts say they opted to not invest in Ocado because of Ocado Retail, which they say detracts from the robotics business.
However, this doesn't recognise that Ocado have learnt a lot by doing and can share their best practice with the likes of Kroger.
https://www.nanalyze.com/2024/03/autostore-revenue-growth-slows/
I'll informed idiot. The CEO is currently waiting for a vote on what payout he will get if the SP gets to £29 again
The only thing holding it up is FTSE 100 index buys.
If the FTSE drops then the index sells would add to the other sells (shorts?).
Saying that volume is quite high.
Do you even know the difference between the CEO and the Chair?
"The best lack all conviction, while the worst are full of passionate intensity".
William Butler Yeats
They put it better here from March last year.
https://www.bailliegifford.com/en/ireland/professional-investor/insights/ic-article/2023-q1-ocado-s-robot-retail-revolution-10019145/
The strategic priority at the moment is getting more modules used in all the CFCs globally.
I don't think there's any M&S logos on the delivery vans.
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.