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Ocado Share Discussion Threads
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|Wm Morrisons report today. Is this part of the ''margin pressure'' Ocado talks about? ;
During the first half Morrisons started to wholesale to Amazon, with our first delivery towards the end of the period in June. Although it is still very early days, we are pleased with progress and have been broadening the range we supply. We are also developing further potential opportunities for wholesale supply with other customers''|
|No danger here, move along|
|Thx, as I expected|
In the notes:- Gross debt excluding the finance lease payable to MHE JV Co.
|It's not clear from the announcement if the trading statement is quoting external debt or net external debt.
If it is quoting net external debt then that is worrying being the increase from 14.6m to 86.4m but I have a feeling they may be quoting gross external debt so the increase would be from 67.3m to 86.4m.
Still worrying that they are failing to generate any cash. As a negative working capital business they should be getting positive cashflow out of the business growth. If that stalls so does the working capital benefit.
They have 210m facilities but with gross debt of 86.4m, 170.5m finance lease obligations & at least 83.4m negative working capital I wouldn't want to be in the banking syndicate.
The good news is that they always seem to be able to sell the story to fund managers so don't usually have any trouble raising equity no matter how bad their FCF is.|
|Yes quokkatech but the music will stop at some point.|
|Same old comments every qtr but Ocado marches on lol|
|I would hate to not be shorting this right now.|
|External net debt up from 14.6m to 86.4m in 3 months? Wow.
Cash down 4.6m in the same period.
How can such a cash burning machine with increasing pressure on margins hope to survive? Some sort of discounted rights issue I would think.|
|what do you mean|
|no smoke without Amazon prime today??|
|no smoke without|
|either way being
Amazon to take over Ocado
Walmart to take over Ocado|
|It's usually Amazon on the threshold of a takeover lol, makes a refreshing change
I don't think it will happen either way|
|no smoke without fire !!!!!!!!!!!!!!!!!!!!!!!!|
wheres asagi ?|
|I reckon Waitrose will go their own way next year whatever happens so OCDO need to get capacity in whatever Waitrose think. M&S would be sub-scale on their own so would probably need OCDO if they did want to do delivery.
Problem is that no one is really making money from grocery delivery so an M&S deal will only happen if it makes economic sense. I.e. low margins for OCDO.|
|somethings afoot here
ocado tie up with >>>.........
It's a possibility with the CO-OP but I'd put some money on M&S with Sir Stuart Rose being the ex boss. The only other alternative would be a new deal with JLP (Waitrose) although they have their own dark stores albeit not to Ocado's standards, you never know the break clause comes in next year.
Wonder how long it will be before we see a tie up here, Sir Stu has already had thoughts regards this in the past and now there's nothing to block it, M&S only have a limited capability at present so a move here makes sense. Morrisons will only be using 30% capacity at Erith so I'd imagine there's room there for another grocer such as M&S although I'd imagine Waitrose wouldn't be entirely happy with M&S as an Ocado partner. Ocado has brought forward their plans for further CFC's as a result of the new agreement so we may see some further developments here in the UK
from another board|
|trade of 921,788 at 16.35|
|If Potts has agreed to this new deal who you'd assume is a more savvy operator than Dalton was at Morrisons then he's basically rubber stamped the new technology at Andover/Erith|
|market liked it anyway|
|I'm looking forward to this end of year's announcement about a foreign system sale definitely absolutely cross my heart and hope to die happening by the end of 2017. Time to watch the froth and look for new short positions. The chart shows it can poke its head above the 200 MA until shareholders look down Wylie Coyote and notice the absence of solid ground under their feet.|