The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Ocado could as always move higher sharply at any point on news of a big contract win or similar.
Looking however at the slowing of the new contract sign ups, the issues within their current major contracts it points to me that demand for their tech is slowing considerably. Costs are ramping up, without new CFC orders the equation starts to break down heavily to the negative side. Large losses are still being reported currently.
Holding optimistically, hoping for upside is a common trait amongst longs of this share. So much value has been presented as the cracks have appeared. Still more value for shorts here IMO.
PI,
The information I have provided on CFCs is factual. I have been posting my bearish findings re Ocado on this board for 2 years since I uncovered flaws within the company via my research. Posting on the board is useful as I can then discuss the issues with other informed posters. So much dross posted on here without any thought/research behind it but there's also some enlightened posters who it's useful to engage with to sharpen my outlook/findings re the company.
The same flaws I have previously outlined are still there for informed investors to see.
Short currently is an obvious position to take re this company, as it has been over the last 2 years.
Had the short in place since £9.76 so no not feeling the heat. Took profits when it hit the low £5s but still have a short position in place. Never possible to time things perfectly but happy with how things have gone. Small blips upwards for Ocado but I still believe the downwards retracement will continue over time.
PI, you just repeat the same rampings. I'll stay around, always interested in the value Ocado gives.
There is very little talk in this board re the 2 largest Ocado Solutions contracts having extended paused re commissioning new CFCs. The very slow sign up of new CFC customers. The large overcapacity at Ocado retail crimping profitability. Etc etc
But there we go. It's been plain to see over the last 2 years for me. The value has been there re the downside and it has been very profitable. Follow the value, DYOR.
RP,
Well done re selling at £6. So many issues at Ocado group currently. Well done on seeing the reality instead of just hoping things better. The crowd on here only want to hear positivity. Negative issues pushed under the carpet.
PI_Winner,
Is what I've said false?
"factually pointing out that Ocados Solutions 2 main partnerships have halted commissioning new CFCs for extended periods"
The holders are those who have been squeezed over the last 2 years not the shorts..
No complaints. I'm just factually pointing out that Ocados Solutions 2 main partnerships have halted commissioning new CFCs for extended periods. It's a major current red flag imo.
Many will ignore the issue though...
While there are issues in their major technology contracts the risk off sell down will continue imo. The 2 largest customers have paused commissioning further cfcs and Ocado currently extremely slow at signing up new partners to it's technology.
These flaws would be apparent wherever Ocado is listed.
Absolutely Bayobach.
The focus has to be on where the value lies with this share not deriding other contributors. Happy to have extracted the value short for the last 2 years. Still believe there is some further downside due to current flaws in the company as posted previously.
As always DYOR and look for the profit wherever it may lie.
"I have NEVER used the word shallow..."
Err yes you have.. Your quote is below Poker. I understand now why you can't carry out your own research given your memory is fading lol....
"to any one who looks at the detail they have a very shallow sense of analysis behind them"
Why ask for my help regarding your research Poker?
It's obvious you cannot stand hearing about bearish research re Ocado. Most people on this board are in that boat. That's fine but to deride other research houses analysis as shallow is schoolboy stuff.
Best of luck
It was your choice to deride my quoted research as shallow. Why would anyone then spend their own time helping you? You should have the capacity to work things out...
"Be kind whenever possible. It is always possible” Dalai Lama
Yes, that should be amended to - Kroger's goal of expanding their home delivery scope outside their store network geographies. The closure of the 3 Kroger Ocado spokes points to Kroger being far more hesitant re expanding in this way in the future via Ocado