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Possibly the most important half year results release in MKS's history. The numbers will be one thing but the tone, outlook and appetite for further revolutionary change within the organisation will be very telling.

My sentiment is honest and reearched. I've been clear about it for a long time. My views have tallied with the decline in MKS share price. For me more, quicker change is necessary at MKS. Always open to changing my views and the upcoming results give opportunity for MKS management to show they understand the issues and have what it takes to turn things around.

I see there is much to do until MKS turns around. Ocado JV was a big step in the right direction after many, many years of underinvestment in the online channel.

There is still a lot to do for MKS. It is getting to be a fitter company but the pandemic is causing rapid costs and changes in the industry that punish those that are behind the curve.

Still watching attentively from the sidelines. Not seeing value currently. As it dips I will revisit the investment case

The JV has been a fantastic investment for MKS. The success and capacity figures of the JV have been released by Ocado in their last trading statement. The city know that's and have priced this into MKS's shares.

The big drag is the other side of MKS's business which will be hit hard by the new lockdown. Non essential sales of course will be hit but also generally MKS food stores are not the large ones that the public prefer to frequent in a lockdown so that they can get all their shopping done in one go. Online operations at MKS (not including the JV) still lag competitors currently.

The big constraint in your comments Trojanhorse is capacity. The Ocado/MKS joint venture is already at maximum capacity. They may find a few extra delivery slots but Ocado have already stated that Ocado retail are working at max capacity with no more warehouse capacity increase available this year.

If there was excess capacity then the new national lockdown would present a huge opportunity for the JV.

True. There will be a knock to MKS profits from the extended lockdown though if it is announced.

If you look at Nexts trading statement released this week it sets out the lockdown scenarios and how they would hit sales. Their worst case scenario (see table in trading statement) was for a 2 week shop lockdown. They forecast this would cause a 20% hit to fully priced sales at a cost of £57m. A month lockdown is double this projected impact

https://www.lse.co.uk/rns/NXT/trading-statement-eghazk3d2h8wx58.html

The Times is reporting speculation that a month long national lockdown including closing non essential shops could start next week.

https://www.thetimes.co.uk/edition/news/national-lockdown-looms-8mphnk5h9

Seems a UK national lockdown will be announced next week. Should boost Ocado retail sales further. Also will put more focus in general on online grocery.

https://www.dailymail.co.uk/news/article-8898985/Boris-Johnson-announce-national-coronavirus-lockdown-WEEK-save-Christmas.html

How does your dividend article have any relevance to MKS?

Casapinos,

You outlined interesting detail re the UK patent court case procedure. Do you have any comments on the US patent court procedure? Seems the case is being pursued in the UK and US simultaneously.

Similar to yourself and edtheeuph I feel this issue is murky and have a feeling there is less risk for Ocado than the market is currently factoring in

Thanks!

Shaggers54's getting called a nutcase now because he dare say anything negative.

If MKS had not signed the Ocado deal they would be in a very difficult position currently. The share price would be considerably lower. Not sure about bankruptcy as shaggers54 remarks but it would be in a very tight position.

MKS entering the JV with Ocado was a correct, forward thinking move after many years of MKS underinvesting/neglecting the online channel. They offered greatly increased terms than Waitrose was paying so it was a good change for Ocado too.

It enables MKS to expand out of and reinvent its core activities (store based retail) within which there are many issues. Huge amounts of the store estate is being closed, rearranged at great cost currently with anticipated greater costs to come.

Shaggers54, I completely agree

You are having trouble reading. I said MKS was "an apple with a rotten core". A comment chilting agreed with.

The comment was made on the Ocado board not here. It's very odd that you are trying to police what is said on other boards about MKS. It shows again your controlling nature.

As Trojanhorse says, let's keep this board on MKS research.

Good summation edtheeuph,

I think in general the share price was overstretched so many used this legal case for a rethink and sold off and crystallise gains. I believe the share price will rebuild. It was doing so recently but the huge nasdaq selling has thrown it off course today.

Easy to forget in all the discussions re the legal case that Ocado was £10 earlier this year. It has risen hugely to date.

On the Ocado board in July we were discussing other grocery companies. I remarked that MKS was an apple with a rotten core (a remark chilting, longstanding MKS investor and current board contributor agreed with).

It was an innocuous discussion on another share board. You have picked this one comment and use it to validate the torrent of abuse you throw at me daily.

You try to quell and drown out any contributor who dares post anything about what could be causing the drag in MKS's share price. Simply bully boy tactics. I'm not sure you know any other way.

I've not said that on this MKS board and you know that.

Misogynistic language, name calling and all the other insults you throw only demean yourself

I won't respond to your abusive language Neil.

Cheers shaggers54.

Clear, logical arguments outlining negative issues re Ocado always great to read and discuss. Posts like "when will it stop falling", "down, down" won't hold any weight