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He addresses that spoke however does not address why Kroger are not replacing the spokes they have closed in San Antonio and Austin. Also fails to address the elephant in the room- no new Ocado CFCs ordered by Kroger in over 1.5 years..

Re Kroger, of course Rodney is going to say he's delighted with Ocado. As a 5% shareholder of Ocado group Kroger are always going to be glowingly positive in their comments re Ocado.

It's their actions to look out for as they are far more telling. No new Ocado CFCs commissioned by Kroger in over 1.5 years. It speaks volumes as to the cooling of their enthusiasm for Ocados tech..

I take Steiner's words with more than a pinch of salt. Time will tell. Personally as said I see a cash call coming in the mid term.

Yes, saw the results. Another £154m half yearly loss. Liquidity reduced by over £250m at £1,047m (1H23: £1,309m).

That cash call will come and sooner than most here expect...

Smokin, I have the impression if an Ocado cash call comes in tapping investors causing shares to plummet then you will mysteriously disappear from the board. Far more likelihood of a cash call than a bid coming in imo

Very happy to remain short. Have been since £9.50. Seen many, many bubbles in this stock over the last 2.5 years. This one is just another.

Lol, As a long term shorter of this share I don't expect to be popular on this board. Very happy to have followed my own research rather than swallow and regurgitate Ocado corporate mush. There's more profit for shorts here. For those who dare to swim against the tide of this chat boards blind optimism..

Well done on on digging up posts from 2.5 years ago lol. Certainly to me the future for Ocado looked very bright then. Thankfully soon after that date my research on Ocado uncovered many flaws within the group that the market was not factoring in. Off the back of that research I sold out, banked the profit and went short on Ocado shares.

Have made more shorting than I did years ago from being a holder of Ocado shares. Always DYOR and listen to what it tells you..

Further falls to come imo.

Barclays cuts Ocado price target to 355 (400) pence - 'underweight'

The first of the brokers to update after yesterday's disappointing Ocado results.

CFC 9 and 10 to go live re Kroger yes. These were committed to in 2021 by Kroger. The issue is that for over 1.5 years Kroger have paused commissioning further CFCs. In that period too they have closed several Kroger Ocado spokes.

Kroger partner with several other digital grocery providers. Instacart and Shipt being just 2 of them. Obvious read across is that Kroger will be commissioning less of Ocados tech going forward in a less expansive way than had been envisioned previously.

CFC 9 and 10 to go live re Kroger y

Those who listen to Ocados investor presentations and glibly recite them to others are missing the point with Ocado. Digging under the surface of Ocado is where the value and profit lies. The issues at Ocado group have been obvious to me over the last 2.5 years. Vast overcapacity build at Ocado retail. Key clients pausing commission further CFCs. Costs ramping up. Delays to CFC build, Cole's. Very few new contracts being signed by Ocado solutions.

The value is still in shorting Ocado imo.

The numbers weren't good smokinjoe. Hence why Ocado shares failed to recoup the losses yesterday from Bernsteins accurate downgrade on Monday.

Absolutely Aquarianage. There is obviously a large gap between the reality and Steiners continual uber optimism re Ocado and it's performance. The market is getting a lot better at seeing through his corporate bluff. Private investors though continue to quote his words at gospel truth..

Ocado after results lower than the point prior to which Bernstein downgraded which was around 380p. Run of the mill results. No news of new contracts. Cash reserves reducing at a rapid rate. More losses incurred.

Very happy to have added to my short today and to remain short going forward.

Time will show that Bernstein were correct to downgrade Ocado IMO. This bubble has simply presented another great shorting opportunity...

Falling back, very happy to have added to my short this morning. Another bubble popping...

Increased my short position today at 391p.

Results better in places but cash burn still very high and more losses incurred at Ocado group. No news of any new contracts also. Looks over overbought on this set of results.

Finally Bernstein have seen the extent of issues occurring at Ocado group. Better they tell their clients that they see these issues now rather than advise them of them after what they believe will be poor Ocado results tomorrow.

Great time to buy then Golden dragon if you think Bernsteins analysis carries no weight...