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I posted earlier today, that post seems to have disappeared though.

It's a day for investors to reduce risk today. Ocado has been swept up in that. These stock market winds brew then blow over sending Ocado this way and that. Little has change though. Grocers still desperately need to automate and improve their online grocery services. Consumers have switched to online and they are sticking to this format of grocery shopping...

Thx for the update nomlungu, Good to hear your frozen goods arrived.

Thanks nomlungu,

Clearly there are quite extreme energy supply issues effecting the UK at the moment

https://www.telegraph.co.uk/news/2021/09/17/russia-accused-rigging-gas-prices-undermine-britains-economic/

These energy issues cause a domino effect that reduce carbon dioxide and dry ice production.

Update: Now I can order the whole range of frozen items. Seems the issue has been resolved for me.

Interested in other posters experiences..

Cheers

Credit to poster nomlungu who posted re this dry ice issue on this board on 3 Sept. Seems the issue has grown larger
I've just tried to add frozen items to my next Ocado delivery and indeed it seems true. Every frozen item on Ocado retails website is out of stock for me..

Others posters seeing the same issue?

This issue may well be behind the share price fall today.

https://www.bloomberg.com/news/articles/2021-09-17/energy-crisis-brings-fresh-chaos-for-battered-u-k-food-industry

"Ocado, the online grocery retailer, had to stop supplying frozen products to customers in the U.K. today as a result of the dry-ice shortage. The company said in a statement on its website that it is working with suppliers to “get things back to normal soon.”

Certainly, all the best to you.

Fair enough, I believe Ocado hold the cards. Good share price upside if Ocado are vindicated.

We shall see..

"Do you really think they would risk losing all that money "

Autostores legal costs will be in the £10's of million. It's not a great deal of money for them for the chance of a speculative win.

Extract from Ocados half year report below:

"In 1H21 total litigation costs were £11.4m for AutoStore"

Very true diamonglegs,

Ocados share price is so volatile. There have been so many gloomy moments in Ocados past but over time Ocado has emerged stronger. Share price can easily go down a great deal and up greatly in a short time period.

Autostore have raised the court cases on a speculative basis. Small outlay for a potential big win. So far having read all the court docs Ocado have the upper hand particularly in the all important ITC case.

No company can prevent other companies from suing them. It's whether the claims are valid that's the key and Ocado have totally refuted their validity.

Certainly momentum has gone for the moment. It can easily return at any point. Could be a new contract announced by Ocado Solutions on any given day.

Tim Steiner has been the driving vision in morphing Ocado from a small food delivery startup into a £13bill multinational technology company with large contracts with huge grocery companies in most continents of the world. He deserves to be very well paid. Retrospectively Ocado was overvalued by the market in the pandemic bubble of +£25.

The story isn't over. Much more to come. There will be some more mishaps, some wins and always lots of volatility. Look forward to discussing future events with all of you as it all develops...

It could go lower Jimmy. Ocado is a very volatile stock. Unfortunately you've bought right at the top of its historic price range.

If you are sad about it and can't see it going higher my advice is to sell up and move onto something else.

My view - I believe there are better times ahead, long term hold for me.

Kroger so far are in the process of planning/building 10 Ocado CFCs. Kroger have an initial commitment with Ocado to build 20 CFCs. See details below:

https://www.ocadogroup.com/our-solutions/our-global-partners/kroger

Grimmmm2012,

I presume your info is about Kroger announcing that they have found 5 more sites to build CFCs 11,12,13,14 and 15. This is good news certainly but it is expected. I believe the Ocado share price would rise a little on that news. The news that would send Ocado shares greatly upwards would be any commitment or mention from Kroger regarding building more than 20 Ocado CFCs. It is possible that in confirming the 5 new sites Kroger may then intimate that they expect more than 20 CFCs to be built in the future within the USA.

If all aspects of a company remain the same and its share price lowers then it becomes more susceptible to a takeover. Personally I think there could well be a takeover of Ocado in the future but the important hurdle of the Autostore legal disputes needs to be cleared first. Were Ocado to emerge from the legal dispute with limited damage then potential suitors will start looking over the company more closely.

Agreed Discern,

If you were Akio Yoshida, (President of Aeon group) I believe you would be impressed with the way Ocado dealt with the recent fire efficiently. It was a world away from the Andover fire which came prior to Aeon signing their Ocado partnership in Japan. Much has been learnt by Ocado from these incidents. Any new operators intending to build cutting edge online grocery CFCs using complete robotic solutions would face a similar issue.

Many areas of Japan are earthquake risk zones. Aeon need to be reassured that Ocado have best in class technology that is robust and extensively tested in the real world. The Erith fire response would give them that assurance and confidence.

Exactly modsto123,

The overheads on delivering groceries to a best in class standard are very, very high. Ocado represents an ideal solution for grocers to deliver best in class service without developing their own unproven solutions. Ocado contracts are very costly to grocers but they enable a grocer to compete with the likes of Amazon.

Being good at online grocery is no longer good enough. You need to strive to be the best or risk Amazon, Ocado etc taking away market share. The demand for online grocery is concrete and expanding. It needs to be serviced in the most efficient manner possible.

Any Ocado shareholder needs to assess what value they see in Ocados technology. I see it as key technology that will either be taken over or expand hugely inside and outside online grocery. On days such as today those that aren't sure have sold out, replaced by new buyers who see the value.

The biggest 2 shareholders of Ocado have been buying big chunks of extra shares this year. Many members of the Ocado board have been buying shares. They are forecasting and foreseeing the future far down the line for Ocado.

Ocado shares are a wild ride. Always remember though that many, many other companies would love to have the technology and expertise that Ocado have developed over many years. Ocado are still ahead of the chasing pack.

Vulnerable? Yes, pioneering technology can always be that. 2 fires in Ocados history have stretched the company a huge amount. Ocado have invented many, many complex solutions to problems others didn't see as important. The huge shift to online grocery has backed up Ocado managements judgement and perseverance leaving them with a market leading online grocery solution which large grocers across the world are very keen to sign up to and ramp up in their country.

With Ocados risk though comes reward. 600% share return over 5 years, 100% over 3 years. Recently the share became over valued in the pandemic and legal issues have cooled down the share price.

If Ocado emerges from its legal issues in good shape (We all need to do our own research, personally I see Ocado currently making good progress, especially in the ITC patent case which is of paramount importance) Then I do see Ocado as being vulnerable..... to a takeover.

As said, the RNS was as expected. Still though many weak Ocado shareholders were confused into selling at knockdown prices this morning.

There's a bright outlook for the future of Ocado retail as CFC capacity ramps up at a crucial time...