Member Info for waccybaccy

My thoughts are that maybe the price is suppressed by the fear of the dividend being removed? Is this a reasonable idea?

Lowest price since November 2020!

Fantastic post mate, cheers for that.

They should NOT have said they had cash till end of Q1 if they knew they would need cash early for creditors.

I'm not out of pocket much, but I am annoyed this has happened so early.

How in god's name has this happened? They said they had cash till April?

Apparently I was incredibly naive to believe this.

Thanks V1per.

I exaggerate when I say I invested based on one person. I invested based on reading many posts on the board and looking at financials and my belief that VRFB would be the future of battery storage. I suppose Pdub came to mind as he posted so much and the "hive mind" seemed to respect his opinion.

I've stopped new investing in the AIM now and am on the way to recovering my losses as a result of main market investments (success in 3 out of 3 investments so far) so there is a "vaguely happy" ending to all this. There is hope for me yet!

Well, I'm out. This has become an unnecessary distraction to my shares that are actually doing okay!

If you can't pay "critical" suppliers you are gone. This is just the latest of several red flags for this share for me.

I originally got into this as a result of a user by the name of Pdub whose posts I read and seemed convincing. Oh how I was wrong!

Good luck to you all!

KAAANNNN!!!!

Apologies to Gene Roddenberry.

Can you explain more how things are lining up?

Glad to see that "Ocado now exceeds its Board Diversity objective for female representation". Good job Ocado!

You realise this decrease is off the back of the lame Christmas results? Until Ocado shows some more successes (or even, dare I say it, profit), it will drift along bobbing up and down at this level IMO.

If a deal gets done, presumably it will be at the lowest possible share price, i.e. as close to the deadline as possible. Is my thinking on this correct?

Commiserations to those unable to find the "Filter" button on this page and need an excuse to cause drama and leave the forum.

Jesus, talk about amateur hour.

Exactly, Ocado is still massively up (by normal FTSE 100 standards). Such an easy share to short though, especially with the crap Christmas results. I see this descending below 500 in the short term, no problems.

Thanks, I just see it has gone back down to 0.07%. Never saw that effect before.

How is the spread so massive? 14%!!!

Is that historically normal for Ocado?

No, I wouldn't bother topping up now. Best to ride it out IMO.

Total items is up 4.8% year on year. Ocado needs a 100/75 = 1.33x increase in total items to reach capacity. Although maybe optimal capacity is not 100%, but just below, I'll assume 100% for the following...

1.048^years = 1.33

years = log(1.33)/log(1.048)

So it will take 6 years for Ocado to reach capacity at its current growth rate, assuming capacity is proportional to total number of items delivered.

Also, given food inflation, the 4% basket value increase is very lacklustre. I would say if anything it represents a real decrease in basket value. Love Hannah Gibson's statement about "strong momentum". Time for a career change into comedy?

The story of a company posting good (but not amazing results) and the share price dropping due to profit-takers is an age old one. The drop was no surprise to me.