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The downwards trajectory continues. As does the wait for a new CFC partner. Kroger, Ocado retail and Sobeys all have paused commissioning further CFCs for the foreseeable. More downside to come..

Yes, the lack of new CFC partners and key existing partners stalling ordering further CFCs is a key sign of the weakness in market demand for Ocados tech. I expect this to continue..

And thank you for referring to our previous conversations on these subjects. We both have better things to do than reiterate issues that have been previously discussed at great length .

Sangi, you're going over old ground again. We've been round and round re these issues previously. Discussed these issues at huge length in the past. It's fine we disagree. My views have been posted previously. You blindly believe in Ocado management, I believe in digging further.

Stay long. Let the market show us who's research is correct..

I've been shorting this share for 2 years. Have a look at the share performance graph. Has been extremely profitable so far. There is still more to come though, hence remaining short. Bubbles up do not concern me, am in this for the long term.

It's the same old stuff. Whenever a shorter posts they get called this and that. Whenever a long holder posts, whatever it may be, it gets applauded.

I'm very happy to remain short here and accumulate more profits. Gradually the penny will drop for others re the array of negative issues within Ocado group. For now it's just a waiting game as the downward trend further develops..

I've been consistently posting regarding the negative issues that have opened up at Ocado group over the last 2 years on this board. Over this period I have shorted Ocado shares off the back of my research. Of course the vast majority here are long so have little time for any post that isn't pro Ocado. There's more profit here for shorts yet as the downward trend resumes. Lack of new contracts fuelling the continued fall.

Lol. My comments are similar as the negative issues within Ocado group have remained the same for a prolonged period. These issues have produced an excellent shorting opportunity over the past few years. Still short and there's more downside to come imo.

It's back on the downward trend. Bubble of optimism deflating. Without a new contract this will fall further. Short position an obvious way to profit here.

Recent bubble up is deflating. Market turns back to focus on the lack of new CFC partners. More downside to come. I remain short.

The market says it all. Share price down 1p since trading statement release. Another set of very average Ocado retail results..

2phevs, The latest Ocado retail statement is yet another one whereby Ocado retails margin/EBITDA isn't improving.

Other retailers could follow the same course. Slash prices, sell more to make the same profit, however it makes little business sense to do so. Ocado retail are forced into slashing prices as they hugely overestimated demand at the beginning of the year and during and post pandemic vastly overbuilt their Ocado retail CFC network.

The market is seeing through this, it's given a very tepid reception to the last Ocado retail trading statement.

Without new partners Ocados slide will continue. Short is the obvious position to be in re this share.

You've understood correctly Bayobach.

At the start of the year Ocado retail had 25% excess capacity having overbuilt their CFC network in the UK. Given Ocado retail growth at the beginning of the year it would have taken an extremely long time to fill the excess capacity by gaining more orders.

Ocado retail decided they needed to change course. Average growth and overcapacity wasn't what they were looking for. So since then they have slashed prices, greatly increased free/ discounted delivery coupons. This has driven up sales giving the superficially attractive headlines of Ocado growing more than peers. However this has been achieved by selling goods cheaply. It's resulted in more of their excess capacity being used, which is vital, however it hasn't resulted in more £ being made as the extra deliveries have been carried out at a lower price point.

Under the surface Ocado retail is far less of an attractive model to other potential overseas partners than it appears.

IMO Ocado shares are heading lower. Trading statement was underwhelming given margin, EBITDA for Ocado retail still isn't improving. Lack of new CFC partners. Key existing partners are pausing ordering further CFCs etc..

I remain short, more to come..

IMO Ocado shares are heading lower. Trading statement was underwhelming given margin, EB

RBC cuts Ocado price target to 340 (420) pence - 'underperform'

More share price reversal today as the market realises Ocados retails revenues are rising but their EBITDA is static.

The revenue is increasing but profitability, as indicated by Ocados chosen EBITDA metric remains the same. Ocado retail selling at low prices to drive revenue and use up overcapacity at the group. That tactic not succeeding in increasing margin however.

"While Ocado Retail on Thursday upgraded its revenue guidance to low double-digit growth for its 2023-24 financial year, it stuck to its outlook for EBITDA margin to come in at about 2.5%."

Agreed, overblown reaction today. Reality kicking back in now. Continued lack of new CFC partners. Existing partners pausing CFC rollout.

Short remains the logical position to take re this share.

Am expecting another underwhelming one, hence short.