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
  12.80 1.98% 658.80 230,585 09:58:24
Bid Price Offer Price High Price Low Price Open Price
658.40 659.20 670.20 646.80 646.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 2,498.30 -176.90 -30.18 5,434
Last Trade Time Trade Type Trade Size Trade Price Currency
09:57:57 O 1,357 659.1348 GBX

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Date Time Title Posts
25/1/202308:53The most overvalued stock on the LSE1,619
17/10/202211:26Ocado 153
05/10/202215:26Share price 230
13/4/202207:12Robotic firms 5
13/4/202207:08Autostore 32

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Posted at 01/2/2023 08:20 by 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 646p.
Ocado Group Plc has a 4 week average price of 646p and a 12 week average price of 609.20p.
The 1 year high share price is 1,546p while the 1 year low share price is currently 380.30p.
There are currently 824,854,919 shares in issue and the average daily traded volume is 1,977,692 shares. The market capitalisation of Ocado Group Plc is £5,415,997,398.15.
Posted at 15/11/2022 14:09 by imastu pidgitaswell
Wolfie, if you ever learned to read, you would know I wasn't ramping it, at any price. See pretty much everything I write on that thread.

RE Ocado - yesterday's and today's price action demonstrates what I said yesterday - there is little or no correlation between the business and the share price. A trader's wet dream, but little else.

Posted at 15/11/2022 14:01 by imastu pidgitaswell
And for a different view, The Times today - Tempus:


Ocado has yet to prove it is a good fit

Backing Ocado requires investors to maintain blind faith. The online grocery company is ploughing cash into rapidly building online fulfilment capacity on behalf of third-party retailers and its own joint venture with Marks & Spencer. The payback comes when those facilities reach sufficient scale and generate enough cash to counter the cost of signing new commercial partners. Yet the path to achieving the lofty earnings growth ambitions implied in the group’s market valuation is fraught with risks.

A deal to build fulfilment centres for Lotte, the South Korean retail conglomerate, sparked an increase in the share price of almost 40 per cent in one day at the start of November, the biggest daily rise recorded since Ocado signed its first significant international partnership with Kroger, the American grocer, in 2018. The scope of the Lotte deal might be smaller, with Ocado due to build six fulfilment centres by 2028, compared with the twenty agreed for Kroger, but it is still the largest agreed since before the pandemic.

It also comes after a substantial sell-off in the shares, in which Ocado has given up all the gains made during the pandemic. Yet despite Ocado’s market value shrinking by more than two thirds since a peak at the end of 2020, an enterprise value of 82 times forecast earnings before tax and other charges puts the shares nowhere near bargain territory.

Justifying the heavy losses associated with fitting-out the customer fulfilment centres in Britain and overseas is Ocado’s greatest burden. The construction of warehouse buildings is funded by clients, but the cost of the software and automation technology is borne primarily by Ocado. The solutions business charges clients an upfront fee and a continuing fee based upon delivered sales capacity.

A natural lag between funding the fitting of facilities and the associated sales capacity reaching full potential continually leaves a hole in Ocado’s bottom line. These facilities start generating a return for the group only after three years of being operational. In fact, 2020 aside, distribution and administration expenses have swelled at a rate that has exceeded the rate of revenue growth over each of the past five years.

This year, the British solutions business’s adjusted earnings before taxes and other charges is expected to be £79 million, far outweighed by losses of £117 million from the international unit. The overseas losses are expected to be smaller next year and the group is expected to return a £91 million profit. But inflationary pressures also complicate the contribution made by the retail business, which analysts expect to generate £68 million of total earnings.

Does Ocado have the cash to fund its expansion? A £578 million equity-raising and securing a £300 million credit facility gave the group access to almost £2 billion in cash and undrawn debt facilities in July. The company reckons those resources give it enough capital to fund the building of the fulfilment facilities it has already committed to, as well as deals that might be in the works.

Net debt had risen to just under £760 million by the end of May, a figure that analysts expect to be broadly steady at the end of November before jumping to £1.35 billion at the same point next year and to £1.7 billion in 2024. That is alongside forecasts for adjusted earnings before taxes and other charges of £100 million and £247 million, respectively, which would equate to eye-watering leverage multiples. With no solid guidance on generating a statutory profit in sight, scepticism towards Ocado is warranted.

WHY Cost of living pressures, inflation and high capital expenditure could cause trading figures to miss market expectations

Posted at 14/11/2022 18:56 by bordercolliedog
I don’t see the difference in the dynamics of Ocado compared with any early stage growth stock where the break even to profit is highly leveraged. It is imho not dissimilar to Tesla when it was low on cash and trying to push across the line. I twice lost my nerve with Tesla but went back in due to FOMO. Have held Ocado since early days so well up but emotionally the falls still hurt. Topped up £10k on results at 695 only to see them tank still further. I adopted the Buffett view - I understand the company, it works and the share price will remain pure sentiment(and shorting) for a few years until there is a tangible profit stream. I find chat about short term movements entertaining but there’s no truth to be found there. More relevant is what the company does, whether it works, if there is a market for it and the extent of the moat. Ocado (a tech business not a grocer) seems to score on all those fronts. I am just surprised that Amazon doesn’t try to buy them. The technology has applications far wider than groceries.
Posted at 14/11/2022 17:03 by ochs
Sure, but whether a bull or a bear it's hard to deny that the share price performance over the past 2 weeks has been phenomenal. Anyone going long in Oct to early Nov, well done - very brave and you therefore deserve to have made some money. For myself I've opened a few shorts, which have then stopped out, but I can't complain as nothing has been able to stand in its way.

I'm still wondering if it can go much higher, but this share always seems to surprise!

Posted at 14/11/2022 16:20 by imastu pidgitaswell
Even so, this move has confirmed to the the sheer illogicality and frankly toxicity in the share price. It has way more more than doubled since its October lows - and that is simply a change in sentiment, accelerated by a lot of short closing.

Nothing in the economics of the business model has changed. Was it under valued a month ago? Was it overvalued at £15? At £20? The share price has little to do with the business model, and never has done.

I don't know how they (the markets) do it, but this a triumph of manipulation over facts.

Posted at 01/11/2022 10:23 by nielsc
Babbler,Given that Ocado share price would have to increase by about 300% to regain it highs of the last 52 weeks I would say it is a small rise in the price.As Jerry Maquire would say "SHOW ME THE MONEY".Ocado are going to have to shell out money before they recoup any. The model makes no money. Enjoy celebrating the jam tomorrow, reality will prevail soon enough.Cheers,Niels
Posted at 01/11/2022 09:38 by imastu pidgitaswell
I was talking about time to elapse until the money runs out, not the share price movement. The share price can and does do very strange things - usually thanks to short closing.

This has been manipulated for years (decades in fact) in terms of share price - I have never been short or long of it. Just fascinated by the divorce between valuation and potential for cash generation.

Posted at 03/10/2022 14:38 by stutes
I'm concerned by O's UK grocery market share being below 2% and their CFC number has increased and more capacity is in the system. Till the Northern America business shows a good return I think UK news will drag the share price down.
The Autostore patent challenge also remains a negative on the share price.

Posted at 19/7/2022 09:07 by madbadtrader
Come on people, wake up - been warning about this share for years it was another Dotcom style bubble waiting to burst, but lth's chose to ignore the warnings. Just look at the red line graph and the graph below (OCDO share price). There is a gap to be filled down to £6 and we are yet to hit the despair phase - will it go below a £1?!
Posted at 27/4/2022 11:59 by thecomposer
I have no doubt here that OCDO share price will go back to £15+ this very year, it's just too oversold at the moment, fear driven rapid market games as usual, great gains to be made from these unrealistically crazy low market cap levels, GLA.
Ocado share price data is direct from the London Stock Exchange
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