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Slightly bouncing up now.

9.30am is the presentation of results and q&a session. Join anyone if you can. Link below. Always good to hear management updating, often extra detail is in the q and a session.

https://www.ocadogroup.com/investors/result-centre

An interesting, positive update in the Autostore legal case section of the annual results

"On 21 January 2021 an application to declare invalid Ocado's European patent for its Single Space Bot (part of the OSP system) was rejected by the European Patent Office, and the patent was declared to be novel, inventive and valid"

The £73m EBITDA is good but about what was expected. Group revenue was exactly what was expected

No new Ocado Solutions contracts, travel ban mentioned as impeding sign ups.

After a quick read of the long document. I think share price will open down or flat.

Article below outlines the numbers to look out for in the Ocado final results release tomorrow.

https://www.ig.com/uk/news-and-trade-ideas/ocado-share-price-strong-ahead-of-full-year-results-210208

Results are out at around 7.05am. I will be up then to crunch through the results. Look forward to sharing our thoughts.

Best of luck all.

He's already done that. Having started out for many years as 100% retail. Ocado retail now makes up less than 10% of Ocado's value. The other 90% of Ocado group's value is derived from its technology solutions segment (Ocado Solutions)

Ocado Solutions is forecast to generate far more profits than Ocado retail as it ramps up in the years to come.

Amazon have completely redefined the world of retail (and other sectors). I don't like the way they shuffle profits around and avoid tax but it is legal what they do and others do the same. People love to criticize success stories, especially in the UK.

Bezos is a true visionary. Steiner is another true visionary. They are priceless assets who have led their companies through murky waters to the future they can see so clearly.

The key as an investor is to forecast the trends and find a company that can exploit those trends. I started investing in Ocado 4 years ago. I saw what the company was building towards. They had few contracts and were not making profits. All around " experts" derided the company. It was clear to me though that Ocado had the drive, management and experience to lead the online grocery movement. I could see the great flaws in the outdated store based grocery model.

If you can see where an industry is heading and can find a company that can exploit the transition to future business models then you can reap great investment returns.

I think the average age of a poster on the Ocado LSE board is 25 years lower than the LSE Marks Spencer's board. There is a far greater comprehension of e-commerce on this board as the younger age group engages with it and understands it fully rather than berating it and accusing it of causing illness in society etc. Ocado as a company is far more in tune with today's business world than Marks and Spencers.

I don't expect them to mention specific countries re possible new partners but I do expect them to be extremely upbeat re the likelihood of signing new partners in the future. They have mentioned that the travel ban has hindered new contracts, would expect this to be reiterated.

I am happy to hold. I expect a small rise tomorrow. Management have run the company extraordinarily well over the past 3 years and have ramped up Ocado Solutions offering extremely well. More of the same expected tomorrow.

Minimal impacting on the Ocado share price today from the resurfaced talk on online taxes.

As chilting said the recent rally in the shares has fizzled out. It has left the share price significantly higher at around the £28 level. This infers that the market expects very good results from Ocado tomorrow. Any less than very good and the share price will fall. If the results are excellent then there should be a further rise.

The Ocado retail has to be extremely bright. News on the now up and running Ocado Solutions collaborations with Sobeys in Canada and Casino group in France will be closely followed. Wouldn't expect new contract news but would expect that they have been talking to new potential partners.

That's an interesting point chilting.

I think overall it will have a very small negative impact on Ocado. Ocado have hugely helped the country during the pandemic. Delivering essentials to countless thousands of vulnerable people. Tim Steiner has personally donated to the Conservatives. The government I believe won't want to crush the Tech success stories that have evolved in the UK.

I have read a lot in this issue and the main proposal is a tax per online delivery. Online grocery has always been mentioned as a product that would be included in the tax. The chief takeaway for Ocado shareholders is that the online sales tax will be a small one limited to the UK. All other competitors will face the charge. The idea was first reported in the press many months ago.

The government is considering these taxes at the moment. Nothing set in stone. It isn't likely to be announced in the March budget. This idea has been in the press many times before and the Ocado share price has moved very little in response.

2 taxes are proposed. The first - a tax on excessive profits earnt during the pandemic - shouldn't be a big deal for Ocado since they have reported and will continue to report very small profits for the next year. They continue to invest heavily in their new technology. Further on, 3 years or more are when big profits should start to be declared.

The second tax, on online sales going forward, will increase Ocado retails costs per delivery but this will be passed directly to the consumer. All other online grocery competitors will be taxed per delivery in the same way. The online grocery market in the UK has expanded hugely. A small tax is unlikely to have a big effect on the industry. If I have to pay £1 tax per grocery delivery I receive from Ocado, will this push me to go back and shop in store? No.

Nearly there...

52 week high for Ocado is £29.11. Would love to see that price topped..

Thanks re the legal case posts edtheeuph, chilting and Ed_win.

Building on Ed_wins comments - EQT partners sold Autostore to THL for 1.6bill EUR in mid 2019.

https://www.unquote.com/dach/official-record/3015437/eqt-sells-autostore-to-thl

EQT sold the business disregarding any chance to pursue Ocado through the US/UK courts. They sold the business for a relatively small sum. This infers they did not believe Autostore to have legitimate claims over Ocado patents.

Thesmiler,

You are wondering when £30+ is possible. First chance of this is on next Tuesdays results day. Ocado results have been historically impressive for many years. Ocado retail should have huge demand confirmed and a very strong outlook into late 2021.

Ocado Solutions. Any news of new contracts/ significant extra demand from existing partners will make the shares pop higher. Any news of excessive cash burn, operational roll out difficulties will hit shares.

The shares have risen a lot recently but personally I expect them to rise a little further after results.

Some are talking on this board of £40 a share possibility in months to come. It could happen. Just needs a major new contract and continuing positive performance from the group as a whole to get there. The continuing pandemic is creating more fertile ground for Ocado to grow within.

Best to all

The way things are going I wouldn't rule out £29 today Jimmy. Such strength currently..... All the research/belief coming to fruition...

Yes, the market moved over the court case, classic tree shake. Good you are back investing in Ocado.

Agree with you re Brexit but now that a deal has been struck with Europe at least some stability is back now. No deal would have been an absolute disaster.

You've changed your tune Gioviano? You were very bearish on Ocado some months ago? Good to see you are now seeing that Ocado can push into the £30's.....

Jimmyroyal,

Resilient performance from Ocado today given that the overall market is sinking quite dramatically. It will get back to your buying price. Good, reassuring moves in the right direction lately. Overall market is a concern however and could drag all down for a while.

Good weekend all. Ocado this week back close to it's lofty heights of 2020..

Hi luckyjim,

If you select the OCDO share trades above you'll see that the last trading data this site received was for just after 3pm. The actual close is as reported by other channels, ie 2775. Not a great day but I've never expected Ocado shares to rise in a straight line.

Good luck all tomorrow...

Good research Ed_win, Thx elliot846 re the Ocado drone link