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I'm certain you're right SFH300. Also perhaps for safety too.
Nice video, however they could definitely speed up the robot arm!
It's interesting to watch the strengthening of trade unions in the US in parallel with automation increasing.
Yes, it's worth noting that Ocado and M&S have had public issues in the past and resolved them. e.g. when M&S and Ocado first joined up Ocado was meant to stock entirely (mostly?) M&S produce but Ocado only took it up to 60% and M&S was pretty unhappy with that IIRC.
Well, today that figure is 90% and the problem is largely resolved.
In my mind, it was absolutely oversold after the M&S news. That coupled with the 44% increase in revenue shows to me that the share at least has potential and IMO the benefits outweigh the risks in the short term.
I think it is all the more impressive that Solutions managed 44% revenue last year against a backdrop of Kroger stagnation.
The forecast for Solutions' 2024 revenue growth in the recent annual report was "15-20%" which is a little disappointing but maybe they are being pessimistic, expecting a massive share price boost if extra orders come in?
The future is certainly exciting with the Saudis signed up.
I gave him an upvote for actually doing research. I know. On this board that is tantamount to treason!
Everyone knows technical analysis has no place with stocks, especially Ocado, and I myself use tea leaves to make my trading decisions due to their superior reliability.
Probably not, but it was a savvy move by Kroger. When does the exclusivity deal end?
At that point Amazon could finally have a crack at Ocado.
> Increased digitally engaged households by 18% and 12bn dollars in revenue
That is gold for Ocado.
It'll go up.
It'll go down.
It's Ocado.
No point hyperactively posting every time the price moves unless it's moving more than 10% IMO.
"just need to time the re-entry"... you have just described how to make money on the stock market. Well done.
Ocado has great potential given wage growth. Well, actually wage growth has been minimal, but when/if wages grow then the automated approach that Ocado takes significantly beats Amazon with their army of humans working on minimum wage.
Repeat after me: "Ocado is a sentiment driven stock and has only registered profit in 3 of its 23 years of existence".
Wow! What insight! What genius! Thank you so much for your post.
Exactly my thoughts TomTomTrader as I posted yesterday. Their mind will be refocussed, hopefully on Ocado roll-out, rather than preparing for a massive takeover of a competitor.
Boyo etc, please keep up the critical posts and ignore those who whinge and whine. The posts are really useful and better the devil you know.
I think it's highly unlikely any messages on this tiny amateur forum affect the share price anyway.
Plus separating Solutions into its own entity of course!
I've been thinking hard about Lingotto. What do they stand for? It's quite a new company.
Someone called James Anderson joined in May 2023 and then Lingotto got involved in Ocado literally a month later (5% stake would be roughly £175m). James Anderson worked at Bailie Gifford who did well by investing in Amazon and Tesla.
https://www.ftadviser.com/investments/2023/05/15/baillie-gifford-s-james-anderson-joins-investment-manager/
A company called Exor own Lingotto. In August, Exor bought a 15% chunk of Philips for $2.8B. It said in September that it had $2.8b spare for future investments:
https://www.reuters.com/markets/europe/exor-has-2-bln-euros-available-cash-left-investments-cfo-says-2023-09-14/
Exor also "controls" Ferrari and Juventus. More on it here:
https://www.ft.com/content/b32ae4a2-b302-4b63-a2d9-2ca80084c847
I suppose what I'm really wondering is, as the price drifts downwards, will Lingotto increase their stake in Ocado?
Yes, please provide a link to said interview.
Could be... the aim of the takeover was surely to increase earnings per share or efficiency. If that is the ethos maybe we can be optimistic that they will go all in with Ocado tech. That said, I did read they are still ironing out the wrinkles of the tech so perhaps once that is sorted out they will automate more.
I am impressed at the 44% increase in Solutions' revenue. I thought it would be much much less of a rise given that most CFCs were in limbo and the only successes were the Canadian chemist who is trialling Ocado tech, and that Saudi supermarket also giving it a go.
The big worry for me is that Kroger are not going full steam ahead with Ocado tech despite their alleged strong partnership.