Ocado Share Discussion Threads

[dlewis1] 06/12/2023 23:26

What madness JP lifted the share price from 400 to 415 when its trading above 600? Clueless is what I think these guys are

[qantas] 06/12/2023 16:56

JP Morgan has upgraded its rating for Ocado after reviewing its coverage of European internet stocks, saying that the sector's "revival is taking shape" after two years of struggle.

"After the significant share price reset from pandemic-driven highs last year, the European internet sector has hardly recovered in 2023 (JPM Internet coverage +5% YTD vs. MSCI Europe +9%)," the bank said in a research note on Wednesday.

"Continued negative re-opening effects in H1 were accompanied by a rigorous focus by management teams on cost/marketing savings, leading to slowing top-line momentum, while consumer budgets deteriorated. This came together with constantly rising interest rate expectations negatively impacting this traditionally long duration sector."

Heading into 2024, JP Morgan sees a bright outlook now that expectations have materially reset. It expects strong improvements in profitability and cash flow generation, a further fall in bond yields, and M&A activity to gain momentum.

"Having favoured the high margin, low debt (often net cash) names in the online classifieds sector in the past two years, we now turn our sector preference towards names with strong earnings momentum, higher leverage & scope for M&A," the bank said as it highlights Germany-listed peers HelloFresh and Delivery Hero as its top picks in the sector - both rated 'overweight'.

Among UK-listed names, Ocado was moved from 'underweight' to 'neutral', and its target price has been lifted from 400.0p to 415.0p.

Please do your own research as always

[dlewis1] 06/12/2023 08:24

If we get to 640 and hold at that today we could be in a breakout position. 640 is the next stop

[rikky72] 06/12/2023 08:07

Amusing how a broker predicts 600p when the price has already exceeded that multiple times in the last month ;)

[bigbigdave] 06/12/2023 07:24

JPMORGAN RAISES OCADO TO 'NEUTRAL' (UNDERWEIGHT) - PRICE TARGET 600 (400) PENCE

[dlewis1] 05/12/2023 14:59

It's really struggling to break that 615 barrier

[skintvestor] 29/11/2023 18:39

Very good sign to see insiders buying!!!

[ny boy] 29/11/2023 18:13

Director buys £40k’s worth reported after the bell, if the US markets finish on a high, finally we could be clear of 600p!

[qantas] 29/11/2023 17:23

Shorts closing now at 2.7% or 22,345,907 shares to buy back.



Please do your own research as always.

[arja] 29/11/2023 10:05

yes , looking good today in a quiet market and it seems that 615 is now resistance area . If it breaks that decisively , could well get to 700 in time . good luck with it

[ny boy] 29/11/2023 08:46

Stay patient here imo added lots more 585p, stay in for 1000p Q1 2024 dyor

[qantas] 27/11/2023 18:01

G'day

Shorts closing now at 2.78% or 23,008,008



Please do your own research as always

[arja] 23/11/2023 08:53

I doubt many would be naked shorts Qantas and done as a hedge against their portfolios . But they got it wrong anyway and did not make a profit and the loss was just the cost of financing the shorts such as interest and borrowing costs .
With US on holiday and a short session there tomorrow , market here will be fairly quiet I guess :) . have a good day

[qantas] 23/11/2023 08:26

Hedge fund short sellers suffer $43bn of losses in market rally





Please do your own research as always

[arja] 22/11/2023 09:42

not sure about that topazfrenzy as it might still depend on whether a company makes profits or has outstanding potential etc . Tried to rally early today but now down a touch and let's hope these Tory clowns get something right today for a change at 12.30 pm :) . Brexit has been a real disaster and has hindered OCDO of course .

[qantas] 22/11/2023 08:23

Please do your own research as always

[arja] 21/11/2023 09:03

yes, still struggling to break 600 decisively and weak market today so far in spite of US indices rising and especially the nasdaq.

[ny boy] 21/11/2023 08:37

Added a few more on this dip, sooner or later we break 600p and head higher,should be this week imo but dyor as usual