Share Name Share Symbol Market Type Share ISIN Share Description
Ocado Group Plc LSE:OCDO London Ordinary Share GB00B3MBS747 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  -57.00 -2.56% 2,172.00 2,086,954 16:35:03
Bid Price Offer Price High Price Low Price Open Price
2,178.00 2,181.00 2,239.00 2,139.00 2,234.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 1,756.60 -211.80 -29.37 15,512
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:29 O 18,109 2,172.00 GBX

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Date Time Title Posts
02/6/202016:44The most overvalued stock on the LSE392
08/5/202010:07*** Ocado ***9,729
16/8/201911:03Buy towards 300p with Ocado (OCDO)1
17/5/201809:09*** Ocado charts ***4
09/9/201418:03Back to 300p support-

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Ocado (OCDO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-06-02 17:30:112,172.0018,109393,327.48O
2020-06-02 17:30:022,172.26911,976.76O
2020-06-02 17:29:232,172.0018,098393,088.56O
2020-06-02 17:29:082,148.861,73937,368.62O
2020-06-02 17:12:312,169.809,248200,662.73O
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Ocado (OCDO) Top Chat Posts

Ocado Daily Update: Ocado Group Plc is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker OCDO. The last closing price for Ocado was 2,229p.
Ocado Group Plc has a 4 week average price of 1,678.50p and a 12 week average price of 994.80p.
The 1 year high share price is 2,247p while the 1 year low share price is currently 994.80p.
There are currently 714,168,254 shares in issue and the average daily traded volume is 2,827,202 shares. The market capitalisation of Ocado Group Plc is £15,511,734,476.88.
madbadtrader: If you ignore Numis, who hold 10million of these shares and have £24 price target. The share price is above every other analyst/broker target. We all know it is now considered 'a tech share', but it's market is in online groceries which traditionally have very small profit margins, if there was lots of money in it - there would be lots of other companies trying to 'get in on the act'. Yes, they will sign more deals and yes online is the future, but the model is yet to be proven outside the UK where population density is not so great and Ocado's model only makes a profit when the CFC's are running close to capacity, which means the profit is only being made on the difference between full capacity and close to full capacity i.e not much!! Added to that, the likely hood of a recession and millions jobless - will those out of work want to pay extra for delivery when they can 'click and collect'? Added to this they have huge debts, large IT department, hence big OPEX, they have to foot the cost of building the CFC's, so massive CAPEX and predicted not to make a profit for the next three years (more likely to be 5yrs if not 10)! If, after all that, you think the share price will keep going up - good luck to you. However, anyone interested in shorting - I would advise against it until there is a noticeable drop in momentum!
cottlet: spob… please keep saying most helps the share price !!!
oldvic: Ian Davenport Spot, if Ocado’s picking soft/hardware combo is so good, Amazon is the one company that could put it to its fullest use - I’ll sell out the rest of mine at £40 to them if they want it Take Over Target !!!!!!!!!! big jumps in share price amazon lurking ???
madbadtrader: Thanks for the update Ian, really like to hear what you are thinking given your experience. There are only two analysts with higher target price than current price. Berenberg who only a few weeks ago came out with a target of £17.25 and have now hastily increased it as the price surged past that. The other one is Numis who look after 10million of the stock for it clients, so I take their recommendation with a pinch of salt. Difficult to predict where the upward trajectory is going to get halted, it certainly has a lot of momentum and I suspect nothing but 'good news' in the pipeline. However, I still question how much they can make when they are getting a percentage of grocery profits, where profit margins are tiny. Can they service the debt when there is so little money coming in and huge Capex as well. Also, don't see Amazon being able to buy them - surely it is a conflict of interest? Amazon having their own grocery division and Ocado selling technology to Amazon's competitors, hence a takeover would never get approved. With Kroger signing an exclusive deal with Ocado, that prevents Amazon also signing a deal (as opposed to a takeover) so I think that is not going to happen either. With the directors selling so many shares in the last few years, they certainly were not expecting the crazy rise and comparing to Amazon - who 10years after floatation were valued at $16b but Gross Profit of $2.5b, Ocado's valuation at £13b and no profit; the share price could fall of a cliff but given the current momentum that is likely to be a little way off.
3rd eye: Covid-19 a catalyst for Ocado, says Numis The move to online supermarket shopping has been ‘turbocharged’ by Covid-19 and Ocado (OCDO) will be a major beneficiary, says Numis. Analyst Simon Bowler retained his ‘buy’ recommendation and target price of £24 on the shares, which rose 3.6%, or 58p, to £16.73 yesterday at the time of writing. ‘We see Covid-19 as a catalyst for both supply and demand,’ he said. ‘Consumers have had friction points forcibly removed. Grocery management teams have mandates and mindsets more geared towards the online channel.’ Bowler said that Ocado’s technology platform ‘supports a superior proposition and profitability’ and the share price is therefore ‘underpinned by conservative assumptions on the embedded value in current deals’. ===================================================================== Lovely breakout on the chart and next leg up starting.
madbadtrader: At a guess, people are buying before the AGM as they are expecting superb results - which is highly likely given they increased their prices significantly as well as removing promotions. However, 'normal experience' is that good results are usually already factored in before the announcement and the share price 'normally' falls regardless of the results. That said, there is nothing normal about Ocado's share price!
nielsc: Rochdae,Seems you are also at a loss to why the Ocado share price keeps rising.Something we have in common then ;-)Cheers,Niels
nielsc: Rocka999,Your argument that the share price is going up therefore you must be correct is pretty thin.At some point Ocado is going to have to deliver profits to support it's huge valuation. The jam is so far in the distance it is laughable currently.There are plenty of investors like yourself that think this is the future. I am one.Either profits are going to have to increase dramatically yoy or the price has to come down.Cheers,Niels
madbadtrader: Madness - can't believe people are buying this share when there are so many great companies with better prospects that have had a big hit on their share price, i.e. offer far better risk/reward going forward. People not thinking this through, just because there has been a surge for online demand, this is purely due to current circumstances. When restrictions are lifted - there are going to be many, many unemployed people & the economy is going to struggle, so next few years demand for online groceries is going to stagnate or even take a nose dive!!! It is a given that Ocado are not going to make any profit for the next few years due to investments in technology and building the agreed CFC's, they will run out of money and will be back asking for more (Share dilution?). So now is not the time to be buying their shares, besides no-one knows what the current deals they have struck entail. Will they actually make enough money to even service their huge debts?!?
rochdae: If it doesn't make a profit why has the share price risen from 30p. That was a great time to buy, but I admit it's difficult to see the future. Ocdo just neutral through this crisis. Up one day down the next. pe is an overrated measure. The business is either a success or it isn't. The rest falls into place eventually. The market of course can be wrong. But not over decades..
Ocado share price data is direct from the London Stock Exchange
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