Ruski Boris
03 Apr 2016
Re: Trading update Ocado seems very overvalued at 156.91 P/E ratio.Cash is was £38million in Feb and must be getting tight.Squeaky bum time for Tim, or maybe he's to busy with his new girlfirend?[link]
valeite
21 Mar 2016
tim's life laid bare national newspapers full of tim steiners marriage problems and his new girlfriend......i want to see tim steiner working flat out for OCDO and then he would have less time for all this sort of thing .
sporty investor
17 Mar 2016
reason for sp raise? sp has been rising for the last two days. Any new oversea deal being materialised?
Genemachine
16 Mar 2016
A Quote to Conjure With ! "There is no hold-up and we didn't have a target to sign up a deal in the first few months of this year". Mr Tatton-Brown said " Our plan is to sign up multiple partners in the medium term. This is not a race, this is a long-term game"Well end of year has suddenly become medium term....this seems a bit like the tortoise and the hare game. We can only hope that eventually the fable is appropriate and the story plays out.
Tenobas
15 Mar 2016
Trading update This news is Growth 14.7% -> 13.8% Average order size 3% downCash £45.8m -> £38.3mAll three figures are problematical.The online growth in grocery is now well below general online growth.The order size is very important as delivery charges are subject to VAT and so flatter the growth figures.The cash is getting somewhat tight.
Genemachine
14 Mar 2016
Re: Time Slips By First Quarter results tomorrow and "multiple agreements in multiple countries" seem a long way off...perhaps we will get some update tomorrow but already over two months behind what they promised!! We can but wait and see but credibility of management on the wane!!!
Tenobas
02 Mar 2016
Re: Morrisons Well, if you want somebody to talk to you then I will.Although Ocado are at roughly £2bn supported by very little Amazon are at £180bn supported by even less. Amazon are worth more than Walmart.this comparison Ocado are cheap (although Ocado would have trouble doing the Luxemburg trick.)As to how long this can continue I note that Amazon are growing turnover at just about the same rate as Ocado, 20% going down to 16%.When will market valuations move from growth to profits?That is the essential question, and the share price graphs look similar also.The turnover growth is probably similar to the growth in online which presumably will put Ocado at say 5% of the food market, worth about say £1bn or maybe £2bn if physical stores were down at 25% of turnover which looks unlikely to me.I am coming to realise that there is very little chance that in five years time Ocado will be more efficient than Tesco/Asda/Sainsbury/Waitrose/Amazon but the 64,000 dollar question is when will that be reflected in the price?Almost nobody in this sector is making money at present but I think that will change. The intensity of competition eventually reverts to the mean.Possibly Ocado are more of a trading share than a certain sell?I am short.
Genemachine
01 Mar 2016
Re: Morrisons I don't usually reply to my own message (nobody else seems to want to enter into a dialogue!) but nice to see Goldman Sachs re-iterating their "conviction buy " rating but reducing their price target from £7.00 to £6.90 !!! Wow those boys sure do know what they are doing .....backing their previous protégés with such precision ....
Genemachine
29 Feb 2016
Morrisons Amazon deal with Morrisons more "compelling" than anything Ocado has to offer by all accounts!! Don't know why they continue with Morrison relationship now......surely real conflict of interests. Todays drop partly due to a mistaken belief that there was potential for a tie up with Amazon as well as the lack of any "multiple deals in multiple countries" news. Now slipped by two months on that promise and unless we hear something before 14th March (1st Quarter Results )we will continue to see the share price fall....City not interested in "jam tomorrow " and unfulfilled promises!!
Genemachine
17 Feb 2016
Time Slips By Now almost two months since we were promised "multiple agreements in multiple countries"!!Thought the management and their backgrounds would have recognised the reaction by their ex colleagues in the "city" to misleading data and the impact on share price. We wait however with patience and an increasing level of frustration!!
Genemachine
04 Feb 2016
Year End Presentation Took time out to watch Financial Year end Presentation and albeit a sceptic in the past feel there is more mileage here than I thought previously. Tim Steiner came across as an intelligent, knowledgeable and competent operator and I have rarely been so impressed by a CEO as I was during the 2 hour presentation/question and answer session. However the financial market is not interested in promises and marked the shares down savagely and in my opinion unfairly after the call ...suspect there was one big seller who might have been his previous employer!!Having been negative in the past I decided to make a small investment and would not have done so unless I believed in everything they are doing with the potential to make substantial profit in the future.
Tenobas
02 Feb 2016
IT junkies 2014 -> 2015IT Staff550 -> 700Capital Expenditure96m -> 150m"We expect capital expenditure in 2015 to be approximately £150.0 million, to be invested in the next generation of fulfilment solutions, roll out of our new CFCs and additional investment in new vehicles to support business growth and the replacement of vehicles coming to the end of their five year financing contracts. "I suppose that the positive side of this is that if they took their IT head count from 700 down to 100 then they could add 60m to their profit before tax.That would put them on a relatively modest P/E of only 30.
II Editor
20 Jan 2016
NEW ARTICLE: Why Ocado Group plc Could Go Through The Roof If Amazon.com, Inc Buys It "Shares in online grocery retailer Ocado (LSE:OCDO) shares are shooting up after the Daily Mail reported that Amazon.com Inc (NASDAQ: AMZN) might be taking over the company. For months now, the two parties have been tipped as partners for imminent ..."[link]
woodee
19 Jan 2016
Ocado is a cherry..... ...waiting to be picked. Amazon would dominate the UK grocery market and block Aldi and Lidel from ever trying. God help the "big five" if this happens. Good luck all holders.
Tenobas
19 Jan 2016
This has been done before Possibly many times.[link] look at the date![link] Sachs again.Why would Amazon want to spend £2bn (25% of their treasure chest) buying Ocado which wouldgive them 1) Software they don't want.2) Competition issues.3) Twice the number of employees in the UK for £14m in profit.4) 2% of the most fiercely competitive grocery market in the world.5) More trouble over corporate taxation.6) Trouble on the Waitrose deal.Looked at the other way: would Lidl want to pay £2bn to keep Amazon out of the UK grocery market?Morrisons Contract:Ocado are obliged to:▪ Provide Morrisons the best end-to-end operating model in the UK▪ Provide Morrisons with the same standard of service as it provides to its own business▪ Maintain performance vs. agreed SLAs or face penalty clauses e.g., reduced management feesFurther protections are provided by:▪ Change of control clauses, including termination rights in the case of acquisition by a competitor▪ Exclusivity agreement for online groceries in the UK
