Member Info for Valueplay

Group revenue down 15.8%, adjusted loss before tax of £17.4m and statutory loss before tax of £87.6m

£87.6m

Do you have a source for your statement re clothing buckeroo?

"Non-essential retail can remain open for delivery to customers and click-and-collect."

https://www.gov.uk/guidance/new-national-restrictions-from-5-november

I and you were talking about in store commerce. Online sales is a different story. Click and collect may be possible.

Of course this lockdown Marks have the Ocado JV capability so that's a great plus but their non essential goods in stores will be largely cordoned off.

Supermarkets will only be able to continue to sell non essential items when they are in "mixed aisles". Where the non essential products are sold in separate departments they will have to be cordoned off.

https://www.thegrocer.co.uk/service-and-availability/english-supermarkets-told-to-cordon-off-areas-of-non-essential-goods/650001.article

So very similar to last lockdown for Marks and Spencer.

There will be no return to normal. We will revert to a new normal in time. It will be different and there will be very large costs for retail in adjusting to it.

+75m pre tax loss

Nice one Tribalhound. :o). I'm looking for share price growth not sparks points. MKS down 8% since start July. I remain on the fence as I believe extra costs or writedowns will be outlined in tomorrow's results.

Let's see, not long now..

Not going your way at the moment. Dow futures up over 400pts!

Jefferies have always said Ocado is overvalued. They are saying it's less overvalued today because they have raised their price target.

They're been wrong so far. Let's see how the future goes...

There's always been a wide range of broker price targets for Ocado. Some have foreseen the great success Ocado have had, some have not. Jefferies are catching up to the reality slowly

https://www.proactiveinvestors.co.uk/companies/news/932966/ocado-enters-non-food-retail-and-logistics-sectors-with-new-robot-acquisitions-932966.html

Bigger margin on clothes but a more crowded robotics logistics market place to compete in as it's a simpler task than grocery. However Ocado have such a breadth of robotics knowledge that they should be able to carve out a competitive advantage in this new field quickly.

JEFFERIES RAISES OCADO PRICE TARGET TO 950 (850) PENCE - 'UNDERPERFORM'

BERENBERG RAISES OCADO PRICE TARGET TO 2,530 (2,430) PENCE - 'BUY'

https://www.theguardian.com/business/nils-pratley-on-finance/2020/nov/02/ocados-200m-robot-deal-should-impress-foreign-supermarkets

Will take time to integrate the new acquisitions but sure MKS are a potential customer for the future re clothing logistics.

Bigger partners though are those that are already working with Kindred Systems. Gap - $7.8bill market cap and American Eagle - $2.4bill market cap are pureplay clothing retailers. When Ocado's robotics are added to Kindreds a whole new lucrative market fully opens up....

It could appear that way. Unfortunately it's far more complex than that.

Very informative article on today's Ocado acquisitions:

https://www.thetimes.co.uk/article/ocado-buys-robot-makers-kindred-and-haddington-to-help-move-into-fashion-retail-9pjm2bkz6