The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Nice to get an acknowledgement of error from you rather than your previous post of:
"ValuePlay
I have NEVER used the word shallow...and as usual you are making up what you want, rather than using what someone has ACTUALLY said
But that is nothing unusual...and the chances of you recognising that fact are ZERO"
Yes let's move on....
I have discussed Ocado at length with you previously however you've then called my research shallow and categorically deny having ever doing so.
It's pointless discussing when it's obvious the other poster will end things with insults.
I'm short Ocado and of course that puts me in a minority re this board. It also makes me a target for insults as the share price has slumped. When people apologise I understand however most don't inc yourself.
Lol Poker,
I've discussed the closed spokes issue with Sangi countless times. Others on the board were deriding the spokes discussion at length. It's just best we decided to agree to disagree on that one. Going round and round for another 10 posts is pointless.
It's all about DYOR re these issues.
Lol PI,
Never said that. I have time to post certainly but I can't answer every post directed to me or provide information for others all the time when requested.
We all need to think for ourselves and DYOR primarily.
Fair enough Sanji, Again we differ in opinion and that's fine. Unfortunately I don't have the added time to answer every post / Provide all the information that others request of me.
Personally I always believe DYOR is the best way.
Fair enough Boyo,
I have full access to the latest HSBC research and it most definitely isn't a pile of poo. They've been very on the money over the last 6 months. Can't give links etc here.
As always DYOR.
The HSBC research is current and takes in where Ocado stands currently after the group results, retail trading statement, spokes closure etc. Many other analysts research is over 6 months old.
HSBC have correctly had a reduce rating on Ocado shares over the last 6 months. Other brokers have been wildly out of sync re Ocado share price moves.
My complaint is a very valid one. The new partnership flow for Ocado has been slow given the anticipated increased frequency of signing up new partners post the Ocado reimagined tech being available to order in Jan 2022.
Yes the Korean CFCs will have the new tech.
I will let you research the competition yourself. HSBC is current research. You quoted Bernstein research a day ago. Their info is 6 months old. Many negative issues have emerged within Ocado in the last 6 months....
Sangijuelas1,
"One of VPs complaints was that the Reimagined tech was not being picked up by partners but when they announced it they said it would not be until the end of 2023 that it would be available for new CFC orders."
This is a very important issue. You've misunderstood it as many others have on this board since Ocado reimagined tech was launched in early 2022. See below information taken from the Ocado RNS dated 26th January 2022.
"Partners ordering standard-sized CFCs today for delivery in H2 2023 will have the following features enabled: 600 Series bots; the 600 grid and Optimised Site Design; Automated Frameload; On-grid Robotic Pick; Ocado Swift Router; and Ocado Flex"
When Ocado sign a partnership they announce it via an RNS if a CFC order is involved. The signing of a partnership agreement occurs long before any CFCs being built.
Reimagined tech has been available to order since 26th Jan 2022.
Warehouses will be automated in time however HSBC rightly highlight the risks to Ocado in their latest Ocado research released last week, as below.
"analysts at HSBC highlighted the fact that the robot warehouse business might not be as high growth as hoped, forecasting slower uptake in what it said was already a “highly competitive” market with “many established participants”.
Https://www.thetimes.co.uk/article/robots-sabotage-ocado-effort-to-become-tesla-of-grocery-3jpb2rgzg
"Robots sabotage Ocado effort to become ‘Tesla of grocery’
Analysts suggest automated warehouse business might not be as high growth as founder Tim Steiner hopes
The Ocado founder Tim Steiner’s long-held ambition to transform his business into the “Tesla of grocery” has received a further blow. In a note, analysts at HSBC highlighted the fact that the robot warehouse business might not be as high growth as hoped, forecasting slower uptake in what it said was already a “highly competitive” market with “many established participants”.
In particular, the analyst highlighted further problems with the company’s partnership with the US grocery giant Kroger, pointing to the fact it had announced the closure of three facilities, two in Texas and one in Florida, which failed to meet targets.
Ultimately, the analyst said that orders from Kroger, if anything, appear to be slowing down, underscoring the risk of overcapacity in the broader market"
I've no issues with anyone here. I will call out research based on what a guy on Reddit said or the importance of a couple of LinkedIn likes though.
Always DYOR. Try to go beyond the predominant blind optimism shown on this board. The profit has been there for those who have dared to investigate and capitalize on the flaws of Ocado.