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3rd quarter revenue is down 10.6% - slightly better than the brokers forecast. Fire costs and HGV costs announced. New Luton CFC

Seems mostly as expected to me. Let's see what the market makes of it.

See below article:

https://www.investingcube.com/ocado-share-price-forecast-ahead-of-q2-trading-statement-shares/

Quote from the article contains the following info..

"Data compiled by Reuters shows that analysts expect the firm sales dropped by 12% in the second quarter after rising by 5.4% in the previous quarter. "

As above, a dip in sales is expected to be announced tomorrow. How much of a dip is the question..

On two previous Ocado results within the last year Ocado have made major announcements alongside the results on the same day. In November 2020 the takeover of Haddington Dynamics and Kindred systems was announced on results day. More recently in July 2021 the Alcampo Spain partnership with Ocado Solutions was announced on results day.

There is the chance of another announcement tomorrow.

Best of luck all holders

Great first post diamondlegs. Hope you can post more on the board going forward..

Re your points

1 - I believe the threat of damage from the lawsuits is retreating a little. In my view the ITC court case in particular is looking to be going Ocado's way

2 - I believe Ocados retails will dip a little this quarter. The fires impact plus lockdowns and restrictions ending will mean sales reduce a little. Brokers and the city are expecting this. I think the results will be impressive given the recent issues they have faced however will the results meet the citys expectations? I wouldn't like to guess if the share price will rise or fall on Tues. I am a long term investor so I look at the bigger picture. The much more important results are the Whole Ocado group ones rather than the quarterly Ocado retail results.

3 - I think Ocado retail will be impacted far less than others by the HGV crisis as they are less dependant on HGV drivers. I have posted at length on this issue about 10 posts previous, see my previous posting history

4 - Underpaid driver issue is specific only to Ocado zoom drivers. Ocado have said they are very keen to resolve this issue. Ocado, in common with many other food delivery companies, pay other companies to provide drivers. I believe this issue will be resolved amicably.

BERNSTEIN RAISES OCADO PRICE TARGET TO 2,110 (2,080) PENCE - 'OUTPERFORM'

Sobeys parent company Empire group issued first quarter results yesterday.

https://www.newswire.ca/news-releases/empire-delivers-strong-fiscal-2022-first-quarter-results-841926149.html

The Canadian grocer is building 4 Ocado CFCs in Canada. One is currently operational, it has been for around 1.5 years. See below comment taken from their results regarding this operational CFC.

"The Vaughan CFC services the GTA, Barrie, Kitchener, Waterloo, Guelph, Hamilton, Niagara, St. Catharines and Brantford. The format continues to exceed its operational targets."

If you look at Holygrail and Questionsabouts posting history you will see they post on the same stocks, usually shortly after each other.

Another punter using multiple accounts to give themself some imaginary credibility..

The figures and outlook released next week should be impressive. There will be a hit to profits from the fire but that's anticipated to be small and is an issue known by all.

Having read all the updates the lawsuits seem positive in Ocados favour currently, especially the ITC case which is the most important.

The share price is being pushed this way and that as traders jockey for position ahead of the results release next Tuesday. All will be a little clearer then although the trading statement always only refers to Ocado retails trading not Ocado Solutions trading which is where the majority of Ocados value is derived from.

Questionsabouts info contains no new information. The text is copied from the below article dated October 2020

https://www.thegrocer.co.uk/ocado/what-are-the-patent-claims-in-ocado-lawsuit-and-what-is-at-stake/649231.article

I've repeated a paragraph in my post below. Ignore the repetition. Best to all. This will be a more active board next week that's for sure

Hi Jimmy,

The Ocado share price has risen from 1780p on 13th Aug to todays price. This recent rally topped out at 2090p and has dropped to the current 1951p. Most of the recent rally gains are still intact.

Ocado is a volatile stock. Often moves up and down on little news. UBS reduced their price target yesterday to 2100p. They are still positive on the share but see increased competition for Ocado going forwards. Next Tuesday is the day to tune in for, it is quarterly Ocado retail results statement day. There should be increased volatility in the share price after that news release.

An increasing issue is the covid rates increasing in the UK and around the world. This will, for the coming few months at least, increase the amount of grocery shop customers who opt to bypass visiting their local store and shop online. A high degree of those customers who try online grocery shopping stick to online over store shopping going forward.

Personally Ocado shares are still a long term hold for me. Recent court case developments have been overall positives in my view, tech share conditions improving (long term interest rates have dropped reducing the cost of financing Ocados future operations) HGV crisis - which Ocado is well placed - for is increasing, more Ocado retail CFC capacity coming online in the UK

An increasing issue is the covid rates increasing in the UK and around the world. This will, for the coming few months at least, increase the amount of grocery shop customers who opt to bypass visiting their local store and shop online. A high degree of those customers who try online grocery shopping stick to online over store shopping going forward.

A reaction to UBS trimming their price target for Ocado today to the below:

UBS CUTS OCADO PRICE TARGET TO 2,100 (2,300) PENCE - 'NEUTRAL'

Shorters are getting nervous after the 10% + latest monthly rise for Ocado so far...

Good to see momentum pushing upwards again after Fridays bump.

12.78% up in the last month...

Court case positives, tech share conditions improving, HGV crisis which Ocado is well placed for, more Ocado retail CFC capacity coming online in the UK - lots of positives occuring..

Are you referring to the below Holy grail?

https://www.chargedretail.co.uk/2021/06/17/ocado-loses-major-court-battle-against-rival-autostore-as-patent-infringement-case-heats-up/

If so that's old news from June. A lot has happened since then..

GOLDMAN CUTS OCADO PRICE TARGET TO 2,325 (2,350) PENCE - 'NEUTRAL'

I searched Ocado and Asda's grocery apps using the term "baked beans", findings are below:

Ocado search returned 51 items, 2 items were not directly baked bean related

Asda search returned 37 items, 5 items were not directly baked bean related

Conclusion : Ocado has superior artificial intelligence which returned more accurate search results. Ocado has a 53% greater baked bean product range than Asda.

A key selling point of their technology to grocers the world over is that Ocado technology can offer a far wider range as they deliver from huge CFC warehouses. Asda delivers it's goods from my local store.

The customer in 2021 and beyond will want ever more organic, gluten free, locally sourced, sugar free etc etc goods. Having the widest product range will enable Ocado technology partners to grow ahead of the market...

https://www.standard.co.uk/business/ocado-opens-new-centre-purfleet-essex-b953224.html

Momentum firmly back. There's a heady ****tail of positive factors currently pushing this share up.

Not much new Ocado related news at the moment. Current issues have been fully discussed on this board recently. A good time to rest, have a cuppa, recharge the batteries and watch the share price rise...

Thanks luckyjim,

Good to hear if true. Sensible management to reward those keeping Ocado's wheels turning in these very tough times and avoid the HGV pay disputes other grocery competitors are becoming involved in.