Ocado Share Discussion Threads

[throgmortonstreet] 15/8/2024 11:41

The FILTER button is working well today.

No more bullsh*t from QANTAS and all his other LOSER NAMES

[qantas] 15/8/2024 11:31

Troglodyte I only need one name you are a total muppet doomed to failure and desperate ask your mum.

ThrogmortonStreet

Member since: 23 Dec 2023

[throgmortonstreet] 15/8/2024 11:27

The FILTER button is working well today.

No more bullsh*t from QANTAS and all his other LOSER NAMES

[throgmortonstreet] 15/8/2024 11:11

Absolute garbage.

It's about Ocado having a weak balance sheet and a need for more funding !!

Come back when you've learnt how to read Ocado's balance sheet

[jibba jabber] 15/8/2024 11:09

It's about the tech

[throgmortonstreet] 15/8/2024 11:06

Ocado has a pitiful market share of the UK Grocery market at just 1.8%

It simply can't compete with the big boys like Tesco, Sainsburys, Asda, Morrisons who also offer home delivery.

Even after the latest Bond issue, Ocado will still need to find more additional capital before Jan 2026, either by tapping shareholders or by issuing more high coupon bonds.

[jibba jabber] 15/8/2024 10:31

Initial opening bid of £12 with contingency for up to £17 would suit us i think, would suit me at least.

[wololol] 15/8/2024 10:07

https://youtu.be/us8SM_KkZnU?si=6L3Lo_ucnpNeOO4SGood watch. Kroger miles ahead in delivery space. Last 5 minutes, state Kroger should buy Ocado out and put Tim S and new Kroger CEO. Quite a possibility.

[b00mb0y] 15/8/2024 09:29

Unfortunately, for me anyway, this blog board has become a children’s play area with pathetic postings of captions/ pics or whatever. Grow up children!! Your not in school.

[qantas] 15/8/2024 07:17

Whites123 ASDA delivery service is very labour intensive as store workers fulfil the orders in store.

No temperature controls while they collect 9 orders at a time with poor date expiry's and food handling.









Ocado is a far superior and better fulfilment with not just food but M&S food.

[factsandfigures] 15/8/2024 07:12

Slightly ironic that Richard Walker's Iceland / The Food Warehouse still has a larger market share than Ocado.

Must be the FREE home delivery service that Iceland provide.

[whites123] 15/8/2024 07:05

Whilst Ocado is increasing market share it appears Asda may soon disappear.

Who is taking Asda's market share??

Home shopping is the way forward.

Ocado leading the way.

The GMB union has called on the owner of Asda to take “urgent action” to protect jobs amid signs the supermarket is “in a fight for survival”.

On Tuesday data revealed sales at Asda fell 6% in the three months to 4 August, despite continuing grocery price inflation, taking the retailer’s share of the UK take-home grocery market to 12.6% – the lowest level in at least 13 years.

The 1.1 percentage point drop marks the fifth month of declining market share for the retailer in the index compiled by analysts at Kantar, with the pace gradually accelerating.

The big slump in market share – from 13.7% in the same period a year before – comes amid a chaotic period at the top of the group, which was bought by the billionaire Issa brothers from Blackburn and private equity firm TDR Capital for £6.8bn in October 2020.

Zuber Issa is selling his 22.5% stake to TDR while his brother Mohsin will retain his stake but is expected to step back from day-to-day running of the business when the deal completes in the autumn.

Nadine Houghton, national officer for the GMB union, which represents thousands of Asda staff, said the union would write to government ministers to “raise our concerns around job protection and value for consumers”.

She said TDR Capital had “heaped debt on to this British institution and now the rot is creeping in” and “urgent action” was required to protect jobs. She added that cutting staff hours had led to lower standards and a loss of customers’ trust.

“Asda’s plummeting market share is entirely down to TDR Capital’s financial mismanagement and Asda is now in a fight for survival.

“Its time for TDR Capital to get serious – over 150,000 jobs are on the line if they get this wrong. TDR must start listening to its workers to arrest this worrying and dramatic decline.”

At the weekend, Stuart Rose, the chair of Asda, said he was “embarrassed” by its performance under his supervision. Lord Rose suggested Mohsin Issa should step back from running the supermarket.

Issa’s presence is seen as unhelpful to the company’s efforts to hire an experienced executive to lead a turnaround in Asda’s fortunes.

Reports earlier this year suggested there had been a rift between the Issa brothers after the breakdown of Mohsin’s marriage, which was said to have “sent shock waves” through the family. However, in March Mohsin Issa denied there had been an estrangement, saying the pair “get on exceptionally well”.

An Asda spokesperson said: “We recognise and accept that there are areas that need improvement and have set out the priorities we need to focus on to address that challenge.”

The group said it was investing an additional £30m in stores this year to improve customer service and product availability and was also spending on IT to enable it to separate its systems from its former majority owner, Walmart.

“Since acquiring Asda in 2021, the shareholder group have invested more than £3.8bn to transform the business into a diversified retail group to position Asda for long-term success.

“Unlike our competitors, Asda is undertaking an extensive period of transformation,̶1; the spokesperson said. “While we have recognised that our recent sales performance is not reflective of where we want to be, Asda remains firmly the third largest supermarket in the country. We delivered total revenue growth, excluding fuel, of 2% in the first half of 2024 and continue to see growth in both our online division and George business.”

TDR declined to comment on the GMB’s criticisms. However, when announcing the deal to buy out Zuber Issa in June, Gary Lindsay and Tom Mitchell, managing partners of TDR Capital, defended their record at Asda, saying they had made “significant progress in transforming” the chain.

They added: “We have added a scale convenience business, grown Asda’s store footprint from 623 to 1,200 stores and food-to-go sites, and launched a hugely successful loyalty app, which now has 6 million active customers, accounting for around half of total sales.”

[whites123] 15/8/2024 06:45

Whilst Ocado is increasing market share it appears Asda may soon disappear.

Who is taking Asda's market share??

Home shopping is the way forward.

Ocado leading the way.

The GMB union has called on the owner of Asda to take “urgent action” to protect jobs amid signs the supermarket is “in a fight for survival”.

On Tuesday data revealed sales at Asda fell 6% in the three months to 4 August, despite continuing grocery price inflation, taking the retailer’s share of the UK take-home grocery market to 12.6% – the lowest level in at least 13 years.

The 1.1 percentage point drop marks the fifth month of declining market share for the retailer in the index compiled by analysts at Kantar, with the pace gradually accelerating.

The big slump in market share – from 13.7% in the same period a year before – comes amid a chaotic period at the top of the group, which was bought by the billionaire Issa brothers from Blackburn and private equity firm TDR Capital for £6.8bn in October 2020.

Zuber Issa is selling his 22.5% stake to TDR while his brother Mohsin will retain his stake but is expected to step back from day-to-day running of the business when the deal completes in the autumn.

Nadine Houghton, national officer for the GMB union, which represents thousands of Asda staff, said the union would write to government ministers to “raise our concerns around job protection and value for consumers”.

She said TDR Capital had “heaped debt on to this British institution and now the rot is creeping in” and “urgent action” was required to protect jobs. She added that cutting staff hours had led to lower standards and a loss of customers’ trust.

“Asda’s plummeting market share is entirely down to TDR Capital’s financial mismanagement and Asda is now in a fight for survival.

“Its time for TDR Capital to get serious – over 150,000 jobs are on the line if they get this wrong. TDR must start listening to its workers to arrest this worrying and dramatic decline.”

At the weekend, Stuart Rose, the chair of Asda, said he was “embarrassed” by its performance under his supervision. Lord Rose suggested Mohsin Issa should step back from running the supermarket.

Issa’s presence is seen as unhelpful to the company’s efforts to hire an experienced executive to lead a turnaround in Asda’s fortunes.

Reports earlier this year suggested there had been a rift between the Issa brothers after the breakdown of Mohsin’s marriage, which was said to have “sent shock waves” through the family. However, in March Mohsin Issa denied there had been an estrangement, saying the pair “get on exceptionally well”.

An Asda spokesperson said: “We recognise and accept that there are areas that need improvement and have set out the priorities we need to focus on to address that challenge.”

The group said it was investing an additional £30m in stores this year to improve customer service and product availability and was also spending on IT to enable it to separate its systems from its former majority owner, Walmart.

“Since acquiring Asda in 2021, the shareholder group have invested more than £3.8bn to transform the business into a diversified retail group to position Asda for long-term success.

“Unlike our competitors, Asda is undertaking an extensive period of transformation,̶1; the spokesperson said. “While we have recognised that our recent sales performance is not reflective of where we want to be, Asda remains firmly the third largest supermarket in the country. We delivered total revenue growth, excluding fuel, of 2% in the first half of 2024 and continue to see growth in both our online division and George business.”

TDR declined to comment on the GMB’s criticisms. However, when announcing the deal to buy out Zuber Issa in June, Gary Lindsay and Tom Mitchell, managing partners of TDR Capital, defended their record at Asda, saying they had made “significant progress in transforming” the chain.

They added: “We have added a scale convenience business, grown Asda’s store footprint from 623 to 1,200 stores and food-to-go sites, and launched a hugely successful loyalty app, which now has 6 million active customers, accounting for around half of total sales.”

[qantas] 14/8/2024 16:10

SellHIGHandBuyLOW

Member since: 09 Mar 2024

Still a baby in nappies doomed to failure.

What was your deleted name?

[sellhighandbuylow] 14/8/2024 15:38

If they gave out Olympic Medals for LOSING money, QANTAS and his other loser names would get GOLD, SILVER and BRONZE.



(same location and same IP address for all of them)

[throgmortonstreet] 14/8/2024 15:35

Everything QANTAS (and his many aliases) tries to ramp, always turns to sh*t.

Superdry, ASOS, Boohoo, THG, Currys, Ocado to name just a few.

[qantas] 14/8/2024 15:33

SellHIGHandBuyLOW

Member since: 09 Mar 2024

Still a baby in nappies doomed to failure.

What was your deleted name?

[qantas] 14/8/2024 15:15

SellHIGHandBuyLOW

Member since: 09 Mar 2024

Still a baby in nappies doomed to failure.

What was your deleted name?

Only the one name for me don't need anymore.

What was your deleted name>?

[sellhighandbuylow] 14/8/2024 15:07

It is no exaggeration to state that anybody that CONSISTENTLY loses money on dud shares is a SERIAL LOSER, but QANTAS and the many other aliases that he uses, has taken losing money to a whole new level.

Despite ignoring all the many warnings, QANTAS is now angry and potless, having incurred massive financial losses on AIM and small cap shares including Boohoo, Superdry, THG, Asos, Currys and Ocado.

With his capital gone and his ego crushed, QANTAS now spends all his days using multiple names to troll ADVFN's message boards attacking other ADVFN users desperate for revenge.

The point is, IGNORING WARNINGS and TRYING TO CATCH A FALLING KNIFE never ends well and QANTAS is proof of that.



QANTAS --- MOVE AWAY FROM THE COMPUTER MULTIPLE ALIAS LOSER BOY !!