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Just speculation on my part. Ocado have never been far away from new deals recently. Australia and Japan being the most recent. It was mentioned in an interview with Ocado management many months ago that they were looking at South Korea as it is advanced in online grocery shopping.

The fund raising was successfully carried out around 3 months ago. They have over £1 bill in the bank. You would think they have multiple potential new international partners knocking on their door. There are still many, many significant, lucrative geographies without an Ocado Solutions presence.

There will be some shorts who may be successful for a time here but the absolutely majority have been burnt to a crisp so far this year.

I expect a resumption of the upward moves soon and also there's a huge likelihood of a major new international deal just around the corner.....

I think the case has led to many reappraising risk and taking profits. Ocado is still misunderstood by many and it's not hard to find shorts who would love to take it down.

Worth noting that nasdaq futures have plummeted today. So ordinarily without the court case you'd expect Ocado to fall 2/3%

The Ocado story is still intact. It had blown past all the broker price targets apart from 2. Retrospectively the market was looking for a reason to bank the great profits accrued so far this year. The stock is only 10% down from it's high. It's a hold for me.

Indeed, always interesting to read your posts Rocka999. Especially when a complex Ocado issue crops up. Thanks!

Given Ocado has had legal dealings in the past with autostore I think that Ocado will have prepared a very robust defence to this new claim. Ocado's patents are it's crown jewels. It will have a very clear vision of how to protect them. The share price recovery today backs this up.

Cash burn on a legal case like this will be likely less than £5m. Ocado are currently in a legal dispute with one of their founders - Jonathan Faiman - this case has cost £1.3m to Feb 2020

Ocado have over £1bill in the bank.

Tomorrow looks like a good te to buy Ocado shares.....

Interesting as to why autostore, having won in 2017 in norway, didn't pursue things further at that point. I guess they thought wait until Ocado is huge then make a move as the potential win will be bigger?

All's well that ends well

Morrison initially agreed that Ocado ran all their online operations. After Ocado's warehouse fire this deal was loosened so that Ocado regained some valuable warehouse space given to Morrison and Morrison gained by being able to sign other online partnerships. Ocado still run Morrison's online operations (Morrisons.com) and their store pick systems. Morrison now also partner with Amazon.

Indeed, very entertaining. Thanks karister and graking for informative posts. Sharing good info, especially in rocky times, is what makes this board great

Eggs in one good basket is fine. Run your winners. Share price recovering

Ocado now +35% from July 5

Indeed, very much looks that way. It was a very irregular move yesterday. Completely against the run of play.

Certainly will damage their working relationship. Seems Ocado is still a customer of autostore?

It's certainly re the patent issue. Could be a dark cloud. However I'd back Ocado to have an excellent legal team who would have foreseen this issue.

Bouncing back now...

https://nationalpost.com/pmn/news-pmn/crime-pmn/britains-ocado-sued-by-autostore-over-alleged-patent-infringement

Resumed selling. A strong, sudden move downward. Touched £26.00 for a split second. Looks like that was a bargain for someone.... Still cannot relate this to any news. Market conditions are good.

Normal service is resumed......

I didn't see it happening but with the Ocado share price moving +45% from the beginning of July a profit taking fall was always possible. Looking for a price move tomorrow back within the market norms. Seems no market news out there that would have caused today's fall.

Currently Nasdaq futures are 1% lower than at UK close today

Nasdaq futures are down 1% from UK close yesterday so that's a part of it.

Looks more like profit taking to me. Amazon's march has always helped Ocado as other retailers respond by ramping up their online offerings to compete.

Very unlikely Tesco to take the half of Ocado's stake in Ocado retail. They have a huge distribution network and numerous dark stores. Have a very good current online offeeing. They would face an inquiry on the dominance of online grocery it would create.