Share Name Share Symbol Market Type Share ISIN Share Description
Ocado LSE:OCDO London Ordinary Share GB00B3MBS747 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10p -0.02% 426.40p 425.90p 426.40p 426.90p 421.00p 423.70p 562,526 11:05:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 1,271.0 12.1 2.0 211.1 2,689.69

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Date Time Title Posts
10/1/201808:37*** Ocado ***9,210
20/6/201709:56*** Ocado charts ***3
11/9/201414:20Buy towards 300p with Ocado (OCDO)-
09/9/201417:03Back to 300p support-
28/8/201414:51Below 400p risks 300p-

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Ocado Daily Update: Ocado is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker OCDO. The last closing price for Ocado was 426.50p.
Ocado has a 4 week average price of 342.80p and a 12 week average price of 235.80p.
The 1 year high share price is 444.70p while the 1 year low share price is currently 233p.
There are currently 630,790,417 shares in issue and the average daily traded volume is 1,840,181 shares. The market capitalisation of Ocado is £2,689,690,338.09.
3rd eye: Ocado Group PLC 14.7% Potential Upside Indicated by Citigroup Posted by: Amilia Stone 12th December 2017 Ocado Group PLC with EPIC/TICKER (LON:OCDO) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Citigroup. Ocado Group PLC are listed in the Consumer Services sector within UK Main Market. Citigroup have set their target price at 400 GBX on its stock. This is indicating the analyst believes there is a potential upside of 14.7% from today’s opening price of 348.8 GBX. Over the last 30 and 90 trading days the company share price has increased 93.2 points and increased 39.8 points respectively. The 1 year high stock price is 373.1 GBX while the 52 week low for the share price is 233 GBX. Ocado Group PLC has a 50 day moving average of 297.83 GBX and a 200 day moving average of 288.31. There are currently 630,704,350 shares in issue with the average daily volume traded being 3,497,547. Market capitalisation for LON:OCDO is £2,218,817,826 GBP.
hpcg: Jak - if Ocado does not install anymore CFC's then it can serve London, and whatever is in reach of Andover (Reading, Southampton?). It then has minimal growth to look forward to. Even if they made no capital and research investments at all then the company generates 15.7p per share of operational cash flow. This is slightly declining on an annual basis. At best it can be described as richly valued at the current share price. That said I don't think fundamentals are relevant to the investment case, one needs to follow the actions of the big money and ride the trends they induce.
kestelmill: To me this Director Deal says that the long-awaited licensing deal with another company is NOT imminent. If it was, he wouldn't be able to buy right now as he would be privy to price sensitive information (the licensing deal) that would be set to increase the share price once released. Therefore there is nothing imminent and nothing that is definitely going to happen or even highly likely to happen. Also, £225K is chicken feed to DTB as he gets paid £600K per annum plus a shed-load of share options. I wouldn't read too much into it personally other than that he's optimistic about Ocado. Good on him for that.
dangersimpson2: I reckon the way to play this is to have a very small short position that you don't mind going against you in a big way in the short term but then add on any announcement. Past news seem to have met with similar behavior - an initial spike followed by reality setting in. Let's face it no one is buying this on fundamentals so sentiment is what matters. Any deal is also likely to see them having to raise cash to fund it so that will also act as a drag on the share price. But they will only announce that after the deal so you'll get a better chance to short prior to that.
oldvic: Is someone finally ready to buy what Ocado is selling? Or should we chalk up a 9 percent jump in shares of the British web grocer to wishful thinking on behalf of investors? Ocado's stock shot up on Monday after reports surfaced it was close to signing a deal to run online sales for U.S. supermarket Publix, an 1,100-store, employee-owned chain with $33 billion in annual revenue. But like previous whispers about tie-ups with Carrefour and Amazon, there's no indication these rumors are true. LONELY GROCER Ocado wants to show it's more than an online grocer at the mercy of Amazon. Instead, it wants to be the Amazon Web Services of the bread aisle, a provider of software and delivery services to big supermarkets around the world.But investors have grown impatient with Ocado. In February 2015, its CEO said it was ready to strike a flurry of deals with grocery stores outside the U.K., with the first one promised by the end of that year. But 2015 came and went without a deal, and the company's share price sank. It didn't help when Amazon announced this past February it would start selling products from British supermarket chain Wm Morrison, which until then had used Ocado exclusively to run its online deliveries.After falling about 56 percent over two years, Ocado's stock started climbing in February on the deal rumors. But so far the deal chatter has been just that -- chatter. The thing is, U.S. supermarkets could definitely use the help with online grocery. Publix and others would be wise to hurry up and get on the Internet food-sales bandwagon; it's only a matter of time until Amazon dominates the grocery market just as it did bookstores.Right now, online sales are meager in the U.S., hovering around 2 percent in major markets such as New York and San Francisco, compared with nearly 5 percent in the U.K., where the practice has been commonplace for longer. The percentage of sales that occur online is even larger for companies such as U.K. grocer Tesco, which Bloomberg Intelligence analyst Charles Allen pegs at around 10 percent of grocery sales. Taking A Bite Out of Grocery Sales Internet food sales in the U.K., as percentage of total retail sales Source: Bloomberg Intelligence It took decades for U.S. retailers such as Walmart, Target, and Costco to realize the heft of Amazon and start taking e-commerce seriously. Convincing them, along with traditional grocers such as Publix, to dive faster into online grocery, which comes with the added challenges of keeping items cold and fresh, is also likely to be tough going.It's an especially hard task for Ocado, which has little to no experience in the U.S., where grocery chains tend to operate more by region, even if they are owned by a national chain.A number of the biggest grocery-sellers in the U.S., including Walmart, Kroger, and Ahold, have decided to try running online groceries on their own -- perhaps learning a lesson from ill-fated industry tie-ups such as Target's decision to outsource its website to Amazon.Plus Ocado already has plenty of competition from upstarts such as Shipt, Postmates, and Instacart, which recently inked a multi-year deal with Whole Foods and has been delivering groceries for big retailers such as Target and Costco.Ocado has managed to turn a profit in the past two years, which is more than many retailers can say about their online grocery delivery businesses. And its profit margins are higher than those of most grocers (Ocado's gross margins stood at 34 percent last year, compared with Kroger's 22 percent). In The Bag 2015 gross profit margin by grocer Source: Bloomberg So perhaps Ocado is doing something right. But unless it can convince others of its promise, it's unlikely to deliver the kind of international partnerships for which shareholders are waiting. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
asagi: Didn't they hire a load of people, in the expectation that there would be some surge of demand for its IT IP? hxxp:// The assumption seems to be that the cashflow gap can be narrowed by an IT IP deal. Can this be allowed to go on all year without a fundraise? Will a fundraise seal the fate of the execs? Strange to note the share price action today - it's familiar. An steep early rise based of panicking shorts closing (I suspect) followed by steady selling by dismayed longs. It feels like the shorts are in charge of the short term. I increased my short at around 10am. Can they avoid redundancies? Asagi (short OCDO)
poley: What do you make of the article from the Independent then? Ocado could be bought up by Amazon?? Is there a real chance of a bid or is it a ramp for a big seller to get out. I noticed a few Ocado directors with share buys of 150 gbp a few weeks ago so not much excitement shown there. Also why would Amazon buy Ocado if Amazon were setting up in Birmingham just a few months ago? ; ''Near Birmingham, in the Midlands Golden Triangle, Amazon has leased a quarter million square foot warehouse as part of its logistical infrastructure. This is obviously ready, or partially ready, to being operational as the fresh, chilled and frozen food distribution trial has begun here. Amazon has an even larger warehouse (over 300,000 sq ft) in Weybridge, Surrey, which may be used for the London area operations. The Weybridge warehouse is currently undergoing equipment fitting'' From The Independent ; ''Ocado’s cheap share price has put the online supermarket top of bidders’ shopping lists. That was the rumour doing the rounds in the City on Thursday, which triggered a buying spree. The company was among the few risers on the FTSE 250 during a day of stock market carnage, and it climbed by 2.9p to 292.2p. Traders said that with supermarkets on the back foot, now would be a good time to swoop for Ocado. The grocer’s shares have dropped by almost 40 per cent since July amid the growing threat posed by Amazon – which is gearing up to expand its food delivery service in the UK – and concerns about a delayed overseas deal. Ocado’s chief executive, Tim Steiner, has been open about the threat Amazon poses to his business, so he could look to team up with the $300bn US giant which has plenty of cash to burn. A deal would require the backing of Nick Roditi, the billionaire hedge fund manager who has a 13 per cent stake. The broker Macquarie slapped an “outperform” rating on Ocado’s stock, playing down the threat of Amazon Fresh, which it claimed was “a way off yet”.
asagi: EffortlessCool: no sign of the much vaunted international IT deal. That's their only hope, in my opinion. fft: hard to see how they are going to get any sort of financial windfall from any deal done Agreed - but the lack of a deal, more than two years after the Morrison's deal was signed suggests that the market doesn't value the tech sufficiently to a price that Ocado would be happy with. Or worse, that the Ocado share price would be happy with. A low priced deal holes the valuation. For the purpose of the share price and all the optimistic broker notes, NO DEAL is better than a low priced deal. As at 9 August 2015 the Group had cash and cash equivalents of £51.8 million and external borrowings4 of £44.4 million. Today: As at 29 November 2015 the Group had cash and cash equivalents of £45.8 million, external borrowings of £53.2 million, and a further undrawn revolving credit facility5 of £210 million. one year ago: As at 30 November 2014 the Group had cash and cash equivalents of £76.3 million and external borrowings of £(44.9) million. Asagi (short OCDO)
market sniper1: OCDO Ocardo...... Take over talk going on again. Ive had a speculative punt. Credit SuisseBroker. ■ Three key events – one past, one future, one possible – will drive Ocado’s share price over the medium term, in our view. We have reduced our FY15 and FY16 EBITDA forecasts slightly, but maintain our Outperform rating and current Target Price of 466p. ■ Event one – the coming of Amazon: Reports of Amazon’s entry into home delivery for groceries spooked investors, causing Ocado shares to fall 15% over the 10 days after the stories first appeared. We were less troubled given the very modest success of AmazonFresh in the US market. However, Amazon Pantry is much more concerning, as it plays to Amazon’s strengths and exploits the weaknesses of the existing home delivery model. ■ Event two – a third-party deal: Ocado’s self-imposed deal deadline (YE15) is approaching fast. Buyers may be wary of the very high complexity involved in a transaction, but the real roadblock is more likely the fear of cannibalisation of their existing operations. Without online competition in their respective home markets, the incentive to stay on the side-lines is high. ■ Event three – an outright acquisition: We list a number of reasons why we believe an acquisition of Ocado makes sense. We see Amazon and Wal- Mart as most likely to benefit strategically from a tie-up with Ocado. Ocado has neither the balance sheet, brand, management depth, nor the mandate to expand internationally. Those limitations underpin why they are trying to commercialise their technology by using partners rather than by expanding their own operations. But many potential purchasers are focused on their home markets, which, as noted above, introduces the strong likelihood of cannibalisation. Ocado’s technology enables rapid expansions into new markets, using less capital than a traditional store network build-out would entail. Even in low-growth markets, market share is available if you can take it away from incumbents (like the Discounters are doing in the UK), and is where a winning online offer can become a genuine disruptive technology. With a market capitalisation of ~$3bn, Ocado is a small enough to be bought by a wide range of companies, but two companies stand out: Amazon and Wal-Mart. Neither has publicly expressed any interest in acquiring Ocado, but both have characteristics that make a potential acquisition of it compelling: ■ Few cannibalisation concerns; ■ Balance sheets that would allow roll-outs to multiple countries simultaneously; ■ Global brands with global ambitions; ■ Global supplier relationships; and ■ A strong interest in grocery. Almost as important, by buying Ocado, that technology would then become unavailable to their competitors. We would also consider other larger retailers who have the ambition, vision, and balance sheet to embrace a fundamental change in the way they do business. We would include Tesco and Carrefour in this list. Wal-Mart has been redeveloping its e-commerce platform (their “Pangea” project), which will have at least some overlap with Ocado’s technology. We also know that Wal-Mart has a lot on its plate right now, and while the financial cost would be minor, it would be stretched from an operations management perspective. We think any transaction that puts a greater burden on management would be taken as a negative by the market. Amazon is more opaque. Their AmazonFresh operations in the US are barely past the trial stage. However, if they were getting reasonable returns we would expect them to expand operations to the 85% of Americans who are not within the current catchment areas. Instead, they are looking to initiate operations in the highly competitive UK market with multiple entrenched online operators. The reasons behind a UK launch may be as much for corporate learning as it is for pure growth. From an Ocado perspective, although control is in the market, we believe a successful transaction would have to be friendly. The high operational complexity requires in-depth institutional knowledge, so management’s cooperation would be fundamental to any deal, in our view. The “build it yourself” option is often cited as a reason not to employ Ocado’s technology, and the same reason can be used to argue against buying the firm as a whole. But although we believe Ocado’s technology can be replicated (and in a shorter time period than it took Ocado), we are unsure whether the trade-off between “capital”; and “time to market” would be worth it.
asagi: usual charmed response this morning from the shares.... cash down significantly, then the shares up 5%!!! Anyhow, the 'other' 'deal' is interesting. Ocado has been talking for more than two years of making another Morrison's-type deal. Why has this not happened yet? I suspect two reasons: 1) firms do not really need Ocado's expertise: all other others have done this by themselves... including Waitrose! 2) I expect that the value that other chains value the IP at is not enough to support the share price - so Ocado would rather 'no deal' than agree to something that whacks their own share price - remember, directors have to act in shareholders interests at all times. Interesting that Ocado have come out today and said that Morrisons may only fulfil online through Ocado. This suggests: 1) someone, perhaps Morrisons, thinks that Morrisons can fulfil online orders WITHOUT Ocado's help, or might want to 2) the current Ocado-Morrisons deal is not perceived to be good value for the other party (i.e. Morrison's) I suspect that..... Morrisons new management wants out of its Ocado deal. Given that Ocado is beginning to look like it needs cash (again!) mightn't they look to get some money off Morrisons to slip out of their deal? Or to re-negotiate their deal so that 1) Ocado gets some wonga, immediately 2) Morrison's gets a more favourable long-term deal 3) Morrisons's gets to expand their online offering -> Ocado gets the prospect of some higher revenues Asagi (short OCDO)
Ocado share price data is direct from the London Stock Exchange
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