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"short term chaotic macro."

So you are seeing UK interest rates levelling off and the Ukraine war ending in the coming months?

Sanji,

You're late to the party, Pokerchips already posted similar info. Times are tough at gorillas but then again times are tough at Ocado too. The Ocado share price has halved so far this year...

Gorillas don't stand still for long lol. They will evolve their offering constantly.

Will Ocado emerge as the silverback of the gorilla tribe? Certainly a good day today.

Best to all

Casapinos, your posts are kids play and well intentioned compared to the daggers that are often thrown at me!

Stay brave, stay wild.

Cheers Casapinos your posts are always insightful and constructive.

Yes, I have sold out recently. I have done so realising a healthy profit given that the bulk of my Ocado investment was purchased many years ago at £3.40. Yes you look to have judged your investment very well, congratulations. We both though have realised profits. Getting in very early on disrupting tech companies pays off greatly.

There have been some exceptional events in the past few years that have been very challenging to investors. I misjudged the share during the covid cycle and was overoptimistic. Couldn't have foreseen the Ukraine war. With retrospect when that started Ocado was a clear sell but there we go. Many others on this board remained invested. Huge investors have also misjudged and not sold Ocado shares.

No regrets from me. As always I look forward, try to learn from experience, research heavily and keep an eye on making profitable investments. I still post my views as I am interested in the company and follow it intently. I value reading other points of view and discussing issues related to the company.

Cheers

Broker views are usually worth considering and mulling over in my view. Of course I don't agree with many but I will review their information.

I'm not interested in cryptocurrency Poker but it's clearly something that interests you, good luck with it.

Noone is obsessed with ultra fast delivery. Put simply it is a strong trend to all grocers that should be discussed rather than be written off as unprofitable etc.

On the sidelines re Ocado mainly due overall economic environment. May miss out but that's fine. Always re-evaluating market prices and opportunities.

Hope your investment works out.

I believe that remains true Casapinos but ultra fast delivery has expanded since then and Ocado retail sales are falling. I believe the competition they pose to the existing grocery industry has increased since January. Ultra fast grocery delivery is a threat to the established and online grocery industry. Its something that is a lot more than a mere passing trend, other grocers will be watching the market segment very closely.

Poker,

I've never said ultra fast delivery will topple Ocado. I've simply said it that ultra fast delivery is a significant threat to Ocado, as it is to all grocers.

Best of luck with your investing.

Carrington,

The Berenberg article outlines the predicted growth and size of the ultra fast delivery model. In their view major grocers need to be involved in the space or lose a chunk of market share. As I have outlined in many previous posts these outfits present a threat to Ocado, and all other grocers. Ocado may well see off this competition over time. It is an important issue to at least acknowledge and discuss further.

Poker,

JP Morgan and Berenberg provided the analysis in the articles I attached. You disagree with it, fine, but the issue is one that should be looked at thoroughly by anyone following Ocado.

Poker,

Ocados current and prospective partners will be constantly re-evaluating the merits or otherwise of Ocados proposition in far greater detail than myself. As the market and consumer behaviour changes so will their outlook.

Personally I view the overall economic environment to be very detrimental to Ocados prospects hence my sell. I have followed every aspect of Ocado for many, many years. Always interested in investing in them at the right price.

Important to understand and acknowledge the ultra fast grocery threat to Ocado rather than dismiss it as some couriers unprofitably whizzing around on bikes dropping off some cokes and a curry. The articles I have attached explain this in more detail.

Ocado as said may well see off this threat, gain more clients and march onwards, let's see

Best of luck to you too.

The current large grocers risk losing valuable market share if they do not compete in the ultra fast delivery market -

https://www.chargedretail.co.uk/2021/08/27/tesco-sainsburys-and-ms-to-lose-up-to-4-of-sales-to-ultra-fast-delivery-firms-if-they-do-nothing/

That's your view chilting. There are other very large investment banks who feel the opposite though. JPMorgan is one, another is Berenberg, see article below:

https://www.chargedretail.co.uk/2021/08/27/tesco-sainsburys-and-ms-to-lose-up-to-4-of-sales-to-ultra-fast-delivery-firms-if-they-do-nothing/

The ultra delivery market is too crowded, some will fail. Those who emerge stronger though will be very lean competitors to the existing grocery retail trade.

2022 has been brutal for online grocery retailers and most growth shares. Most shares have dropped greatly. Many companies, like gorillas, in the face of such conditions have chosen to change focus on profit by cutting losses. Uber has recently also followed this path. Ocado currently is incurring higher losses, its shares have tumbled but is still maintaining its focus on product development, building out its network. There's a chance though that Ocado will similarly change focus if its shares drop further and market conditions become harsher.

Ultra delivery grocery in major city centres is a lucrative market. More wealthy, tech savvy customers who are more likely to order high margin luxury goods. It's a market major grocers need to be a strong player in.

Bayobach,

The ultra fast delivery model is continually evolving at a fast rate. Most ultra fast delivery models are utilising dark micro warehousing and will do so more, along with more use of tech, as their contracts increase along with their network.

It's a threat to Ocado and all the other grocers. Grocers are combatting the threat in different ways but the great majority are choosing to fight back in the space rather than ignore the new business opportunity.

They are responding to a threat by using other companies experience/ tech to combat others in that ultra fast delivery space. They have also recently signed a partnership with Uber eats to expand delivery to 600 stores. They clearly see the ultra fast delivery proposition as one that customers are demanding increasingly.

Tesco tried to launch their own ultra fast delivery service, it failed so they partnered with others.

Tesco were concerned and to combat the threat they signed a partnership with gorillas in Oct 2021:

https://news.sky.com/story/tesco-and-gorillas-partner-for-rapid-grocery-deliveries-12453467

I'm not writing off Ocado retail. Simply saying that ultra fast grocery retailers represent a threat to their current overall market share. Consumers increasingly are wanting small quick baskets of goods. The ultra fast delivery outfits will evolve quickly and become more nimble after the job of building out their network is done.

JP Morgan for example as below, they are not nuts...

"Overall, we feel even more assured of our view that: 1) major changes are about to come in regards to consumer grocery shopping patterns; 2) ultrafast delivery is a scale game and the unit economics for the new players do work and can achieve 10-15%+ contribution margin long term with operations also being successful in less urban areas and 3) ultrafast online grocery could become the third significant disruption for grocers since 2008"

Fitch outline that new funding will be needed in 2023. Credit markets have deteriorated greatly since then and in all probability will do so more in the coming months. Ocado may well choose to raise cash from shareholders in its next fundraise.