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Patience needed as always. When it starts to fly the share could soar...

Personally l am encouraged by the SP performance since the fire. Solid stuff. Ocado has proved its fire procedures are robust.

I agree with most of your thoughts GeordieShores. I also see Ocado's tech as extremely valuable and highly sought after by others. Amazon to takeover Ocado is a tempting thought. Amazon have made little secret that they plan to expand hugely in the online grocery market across many geographies.

Key issue though re Amazon is that the 7 or so major grocery companies that have signed up with Ocado have done so in large part as Ocado can defend them against Amazon's threat. Were Ocado to then be Amazon then those companies could have great reservations. Kroger, a major shareholder at 6% of Ocado shares may well not be pleased also. Amazon could be in a position to takeover Ocado then ramp up the fees charged to Ocado's solutions clients

Personally I think Uber could have Ocado as a target. They also want to expand in online grocery hugely. They fit well Ocado in a different way. There are many other possible interested parties who could have an interest in taking over Ocado. That said I don't see a takeover on the short term horizon. Ocado has extremely valuable assets though so someone could be tempted to make a bid. If a bid did come I think there could well be counter bids from others...

Agreed Ed_win, long term hold strategy for me.

Good to hear you are still holding. Big tech companies reporting today, will be interesting to see the overall tech market direction after that...

"Second-quarter earnings season continues with Google-parent Alphabet, Microsoft and Apple set to report after the bell Tuesday."

However Ocado seems to be riding the waves well.

Am holding in anticipation of a move higher..

£20 getting closer. In the name of research I have looked at Spearmint Rhino London's offerings

Barcap, if the below is of interest I'm in...

Gold Package - £1,000
VIP Entry for up to 10 Guests
£600 Bar Tab
£200 in Rhino Chips
Glass of Champagne on arrival (House Champagne)
VIP Reserved Seating (After Dining)
Hot Seat: Stag on Stage with 2 Dancers and a Photo of the moment!

Many thx bitbybit. A very interesting read

Ocado's confirm fire was due to a 3 robot collision

https://www.ocadogroup.com/response-to-fire-at-erith

We've already discussed this on another thread on this board but yes looks like a software issue. If the robot spontaneously catches fire then it's a robot issue, if they collide then most probably it's the software at fault. This should be easier to fix.

You'll get there shaggers lol.

I can't read the article as I have read too many Grocer articles and don't want to subscribe. Can guess the articles content though. I'm not sure it's good news but it's certainly nowhere the disaster many want to make out.

It was a small fire, minimal damage, procedures worked, CFC came quickly back into operation.

If anyone can post the articles content back to this board I would be very grateful, thx

https://www.thegrocer.co.uk/ocado/why-ocados-third-fire-in-three-years-is-actually-good-news/658270.article

Crikey! I am intrigued as to what the celebrations may be if we go beyond that level...

Best of luck

Pleased it is working out well for those who have bought in recently. What's the level of celebration above Bollinger and lobster rolls?

I'll open something nice when we get back into the £20's

On a brighter note the share price is moving up again today..

True chilting, there's things about Ocado that really wind people up. Tim Steiner's ambition and success. The 600% share price growth that others have missed out on. The confidence of the company to do things differently.

For many of us Brits it is a national sport to knock winners.

Always happens, one slip up from Ocado and the I told you so brigade come out looking to inflate their egos. Then Ocado promptly deal with the issue, the share price rises and they scuttle away until next time..

No company is infallible. If the internet went down for a few months I would accept that loss, I do not believe that will happen.

If there is another CFC fire then it depends if Ocado's fire protocols, (sprinklers etc) are followed, as this should result in minimal fire damage.

Really though for you to be trying to lecture others on fires is in very, very poor taste...

Yes, well those companies haven't had the advantage Primark has of having an army of workers being paid less than £1 an hour throughout the pandemic.

I am sure anyone can discuss ABF further in depth with you on that chat board.

Given ABFs appalling fire safety record for you to come on this Ocado chat board after a very small fire (that was contained and extinguished according to procedures) and lecture us on fire safety is bizarre, ill judged and in very poor taste.

They won't if they have another fire anywhere near as bad as the last one...

Absolutely, it puts Ocado's latest minor fire in perspective.

May they rest in peace

ABF (primark owners) are down 24% in 5 years, Ocado up 593% in 5 years. Given those stats I understand your bitterness on here kallumama.

Primark has a history of devastating warehouse fires. In 2005 Primarks entire main warehouse burnt down.

And of course in 2013 1,400 people died in a Primark factory fire. Another blaze like that could rip a hole in the share price as people start to understand the devastating effect that cheap fashion has on people's lives.

https://www.dailymail.co.uk/news/article-2317012/Primark-factory-collapse-Death-toll-Bangladesh-set-jump-1-400.html

Should read England not UK