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
  -2.00p -0.48% 413.00p 412.10p 412.40p 419.30p 412.00p 415.40p 1,353,559 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 1,271.0 12.1 2.0 204.5 2,605.16

Ocado Share Discussion Threads

Showing 9326 to 9348 of 9350 messages
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DateSubjectAuthorDiscuss
10/1/2018
08:37
http://www.dailymail.co.uk/sciencetech/article-5251519/Want-make-money-stocks-DONT-listen-analysts.html Want to make money.... Please do your own research...
qantas
04/1/2018
13:49
Walmart takeover being touted around today plus another deal imminent, not the best time to be shorting Ocado
rocka999
04/1/2018
00:10
I believe the mistake here was assuming (due to a lack of research) that Ocado were just a small time UK grocer going nowhere, bring on the bears. Those that did look into what they were actually doing saw something that was going to disrupt the market which is what is happening now, not only Ocado but Amazon also. There's only 2 players in town right now, you can forget the rest.
rocka999
03/1/2018
16:57
I remember when the shorters were crowing at 60p. They were wrong then. And yet they still used the same arguments when it got to 300p. They were all missing the point. And shorting by the way is such a losing game. Out of 100,000 companies you only get 1 percent who make it into the indexes. So you're already shorting success. But people are just pessimistic and think the worse ...
kuss1
03/1/2018
15:40
Next deal shouldn't be long now............. I can remember the good ole days on here, constantly attacked by the shorters, not one of them posts anymore lol
rocka999
03/1/2018
15:40
That Swedish grocer was next whatever they were called but you never know !
rocka999
03/1/2018
14:03
somethings stirring and its not me !
oldvic
03/1/2018
12:47
Ouch bears, just ouch!
quokkatech
02/1/2018
23:34
Won't be a takeover as Steiner won't sell I agree the shorts are getting creamed of course but what's new?
rocka999
02/1/2018
17:59
Shorts getting creamed here. Think takeover price will be X2 where we are.
kuss1
12/12/2017
15:59
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.
3rd eye
05/12/2017
13:51
Jak, I'm not convinced by the argument that the sum of parts valuation of the supermarket part & the technology part would be worth more than the whole. Take the supermarket part. Although the OCF seems healthy I don't think it is a good metric to value such a capital intensive business. Taking the results you link shows OCF of £106m. This is a negative WC business so if we want to exclude growth capex it seems fair to exclude the NWC benefit of growth of £18.5m. Also Depreciation was £47m: Their depreciation policy states: Freehold buildings and leasehold properties 25 years, or the lease term if shorter Fixtures and fittings 5–10 years, or the lease term if shorter Plant and machinery 3–20 years, or the lease term if shorter Motor vehicles 2–7 years, or the lease term if shorter Which on £397.3m PPE would be 8.5 years average. Given that they capitilised £85m of PPE & £38.6m intangibles it doesn't seem unreasonable that the £47m depreciation be considered a good estimate of maintenance capex. After all a chunk of these are robotic warehousing equipment - would we really expect these to be useful in 8 years time? Will they not have developed better models in 8 years? As a supermarket they still need website IT etc so maybe £5m of intangible amortisation is fair to allocate to the supermarket part as a genuine cost fo business. This would give c£35m as a real underlying profit. This is not including any share based payments and licensing fees paid to the tech co. In a mature industry on a debt free basis I can see an argument for the supermarket part being worth 15x underlying profit or £525m on a debt free basis. External net debt is £102m at 26th May 2017 and I expect it to be more like £150m today so with a market cap of £2.16b @350p the tech company would need to be worth £1.79b to make the company fairly valued. Any upside from here would require a further upside to the £1.79b tech company. So what are you getting for your £1.79b - £100m of intangibles & 3 licensing contracts - OCDO supermarket, Morrison's & Casino and a heavily loss making business in the medium term. Given the advances in automation & AI I see little IP in OCDO that couldn't be re-created by someone with a £100m budget. The common theme between the external contracts is the lack of financial firepower to develop their own solutions. It seems to me that what these partners are more interested in is OCDO's access to capital than their technology. There is no issue with this because it seems OCDO have a much lower WACC than these groups given their ability to add low cost debt & raise equity on demand. While this capital arbitrage is good business it does raise the question whether the tech co with a strong moat or should be valued like a bank. Of course if you allocate significant value to the tech co for licensing to the internal supermarket co then you have to reduce the supermarket co value by the same amount. The test I think is if they can do a significant number of external licensing deals where they don't have to pay all the upfront set up costs of the CFC themselves to get the contract. In the meantime a £1.8b valuation for the tech co. includes a lot of hope that they can do real deals IMO. The nature of the Casino deal makes me more negative on the tech co rather than positive. Danger
dangersimpson2
05/12/2017
12:18
Patience will be rewarded. There's more news about tie-ups in another European country and North America on the horizon
thompsonminor
05/12/2017
09:03
I did think about it and I did buy a few and made some money Thank you :)
rocka999
05/12/2017
08:21
350x earnings means there are people willing to buy at that valuation. Think about that.
from8to800
03/12/2017
20:31
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.
hpcg
03/12/2017
19:01
hpcg3 "Jak - how is the supermarket a cash cow?" Take another look at the cash flow statement on page 133: Http://www.ocadogroup.com/~/media/Files/O/Ocado-Group/reports-and-presentations/2017/ocado-annual-report-2016.pdf You'll see that cash generated from operations is £106m. That's not a small number. That cash has then been invested into building warehouses (CFCs in Ocado's lingo). Those new warehouses will (a) generate more cash as they fulfil more orders and (b) more efficient than the existing ones. It seems unlikely that Ocado will need to build any more big CFCs in the UK. If you treat the business as two separate businesses then you need to shift a big chunk of the R&D spend from the supermarket business into the OSP business. The supermarket business only needs maintenance capex now and the big capex on robots, the hive, etc is all for the OSP business. JakNife
jaknife
03/12/2017
17:12
Jak - how is the supermarket a cash cow? The accounts currently say it's a cash burner, hence why debt goes up despite the negative working capital. Anyhow, personally I think it is a tactical mistake to short now. There will be much better opportunities at higher prices. Tactical long now, strategic short later for me.
hpcg
03/12/2017
15:55
The two go together jaknife ... and there's more than two things going on with ocado. Another deal and another 100 points easy. And some 16% in short positions to close. That's not a good bet to me. Plus ocdo a dead cert for a take-over in the next few years imo...
kuss1
03/12/2017
15:50
Jaknife The two parts go hand in hand, one needs the other right now which puts Ocado in a unique position, something the shorts failed to spot early on when they believed it was just a grocer, research, research, research !
quokkatech
03/12/2017
15:01
kuss1, Yes, I'd ask the question why Ocdo is on 350 forward earnings. There are two businesses that need to be valued separately. 1. The boring cash cow that is the UK super market group. 2. The Ocado Smart Platform - the high tech bit that they're licensing to other supermarket groups. You can't value the whole on a PE basis, the two separate parts need to be valued separately. JakNife
jaknife
02/12/2017
21:08
A few more international deals and the bears party will be over, Casino don't have to stop at one CFC either, there could be several more constructed in France plus they operate in 8 other countries. First mover advantage will be critical.
quokkatech
02/12/2017
20:13
Yes, I'd ask the question why Ocdo is on 350 forward earnings. Don't say ocdo is on 350x forward earnings because it's over-valued. That's the logic used here by the shorters. And it's a big mistake....
kuss1
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