Member Info for Sangijuelas1

So it's just like their opinion.

I thought you said they were privvy to the contract details?

17m would not be very much for the cancellation of 30 year contracts.

Why would MS analysts have seen the contract as it would be inside information ?

The expectations have to be reasonable not wishful thinking.

Do you have a link to the MS note?

So Ocado are presenting false information to the market then

And their statement is based on the closure of 3 CFCs.

Kroger originally signed up for twenty so if new openings cancelled then that would be included as well.

Wonder if there will be another RNS tomorrow because 2 more are supposed to be opening and there is no mention of them

Ocado say they expect 250m dollars compo rather than £50m that your contact says. Has your contact seen the Ocado and Kroger contracts?

So are you accusing Ocado of putting out false info to the market?

Not free according to this - and you are expected to tip the driver

https://www.wcpo.com/doordash-instacart-kroger-which-delivery-saves-money

If you want to increase online sales by 10% per year then you have to increase the activity of in store pickers by 10% also. Do more labour hours and more inconvenience for regular shoppers.

From what I saw in Waitrose the other day it looks like it will be very difficult to scale up. Maybe can work well with a certain number of orders processed but must always get to a point where problems arise.

Was watching staff and delivery guys at Waitrose the other day. The whole operation just seemed bonkers, staff running round with trolleys and the drivers queuing up at the door with those massive boxes on their back.

Meanwhile the store seeming fairly quiet for early Friday evening in Brighton. Seems like people that would trek down to the store just ordering online.

One of the managers said it's very hard to plan how many staff they need as they don't know how many orders they will get.

Looked pretty bonkers to me. They want customers to scan their own shopping in store to reduce labour costs then they have to employ more staff to run around picking orders!

Looking at this site set up earlier this year with a separate annual report for Ocado Retail I suspect they might be.

https://ocadoretail.com/

The comment about moving from 3m to 5m items picked per week relates to how many items are able to be picked per week by the On Grid Robotic Arms. This relates to the share of orders picked by the robotic arms as opposed to relying on human pickers.

Based on the figures from the last Ocado trading statement they pick overall about 21m items per week so the 3m to 5m increase means the on grid robot pickers are picking more.

It means that

Also Aiven have started recruiting again after layoffs a couple of years ago

HiveMQ, CrateDB and Simscale also seem to be doing pretty well

Core portfolio companies all looking very strong - either profitable or recent raises.

Revolut described by Balderton Capital in a Bloomberg article as the one all VCs dream of.

Iceye winning contracts left, right and centre - the latest with Japan

Aircall reaching 175m dollars in ARR and profitable

Thought Machine, Manna and Form3 all recently raising money as well as Coachhub doing well enough to get a loan from HSBC earlier in the year rather than needing to fundraise.

Isar Aerospace, strongly backed by EU as most likely European rocket builder, preparing for new launch.

FT article on Sunday highlighted accelerated sales

growth at Ledger

I sold down about 15% of my holding some between 450 and 500 as was very overweight but any more silliness with the SP will be buying back.

I think £10 NAV is not far off in next 12 months.

If I earned that much I would employ a secretary to post BS rather than wasting my own time

This opened last month.

https://info.ocadointelligentautomation.com/oia-solutions-hub

Somebody earlier mentioned shorts may know something we don't.

Not all short sellers are trading on fundamentals, news and analysis of a company.

Some are quantitative funds that use advanced computing to crunch numbers of all companies and use the results to determine where to short.

Examples on Ocado include AHL Partners 0.7% and D E Shaw & Co 0.89%. These aren't short Ocado because of factors like the Kroger concerns- they are short because their computer models tell them to.

As I said I was wondering whether the massive drop in revenue Ocado had because they stopped reporting the Ocado Retail revenue and now only report Solutions is causing it to look like they are doing worse than they are on these models.

They use their own cars

Link to Bloomberg article from a few days ago

https://archive.ph/g1LMx

People think Kroger can just walk away from Ocado, when they signed up for 20 CFCs with 30 year agreements.

Barclays analyst earlier this week reckoned they might carry on with the 2 openings and stick with 10. In this case there will be large contractually agreed penalties as there would be if they actually closed any. Morgan Stanley reckon they might close 2 but not clear if they include the projected 2 openings in that.

So the relationship is not going to just end and if it did Ocado would be due a lot of money.

Relying on Instacart to replace Ocado is not going to happen. Their fees increase the larger the shop and you are also expected to tip them 10-20%

I have previously highlighted doubts about the long term sustainability of using in store pickers as opposed to the Ocado model.

They are pretty annoying and you are constantly having to dodge them.

What I hadn't considered was how they are advertising to in store shoppers that the pickers could save them having to visit the store. So encouraging in store shoppers to shop online.

But once they start doing that why do it with Tesco or Sainsbury (unless for loyalty rewards). My neighbour always has stuff missing off their order so if in store shoppers are going to move online why not use Ocado?

In this case the supermarkets would just be shifting their in store shoppers online rather than creating new online customers as Ocado have been doing with their increasing market share.

The supermarkets are then running high energy consumption outlets whose customers are moving online as opposed to using a lower energy and labour force warehouse like Ocado.