Oh deary, this delivery service was spun out of Waitrose, DYOR and is now spewing out lots of green messages all over, for those shoppers that want home-delivery. Yet, oddly it seems in London next year Waitrose will launch its own delivery -( seems a bit "stupid" - eh?)
Meanwhile, the sp starts at 1.60 and slips a tad ( yet to make a Profit, but it's closer than those Dot-Com lunatic days..)....about 1.64 close today......yet, their Customers were offered a bung of shares at the Float-price....eh? (Well, it helps it get-away, I suppose.).

Chairman Michael Grade is said to be "very happy" with the discounted Float, but he gets shares to the value of a something-Bonus. However, some commentaters suggest he's not the right man for this business (or a.....).

Ocado - Grief, it's an Ugly name. They were so close to Car-Go, or Green-Del (er, perhaps?). It was also associated with John Lewis Group, but DYOR.

The BAD News is that today an RNS shows the level of Director support (did he "miss out" - or did his Broker missunderstand the word Goodbye...?
Director buys 3k's worth.....Ouch. That must upset anyone like me that thinks any Dir purchase of 50k+ is Goood. . . . . and anything under 10k is really Baaad.


Good Luck, this is an established business...


EDIT -(22Oct10)- 147p
EDIT (29Nov2017)- sp 362p= up 17% - maybe expecting a bid/contract

Next Thursday we'll have an interim statement from online grocer Ocado , covering the 12 weeks to 5 August. It's had a rocky ride since flotation in 2010. Although the shares did briefly breach 250p, they're currently trading for less than half their 180p flotation price, at 74p.

There are several reasons for bearishness, but the biggest is fears over the firm's ability to get its capacity high enough to achieve any kind of meaningful profit without needing fresh capital. Still, the coming year could be the turnaround point from loss into profit, so this looks like being an important update.

You would think that Olympic fever would have been good for online retailers. Who wanted to tear themselves away from the telly to shop? Yet for Ocado, the web grocer, this doesn’t appear to have been the case. Investors will find out on Thursday, when the company unveils third-quarter earnings. Barclays has pencilled in a slowdown in sales growth, from 13% to 11%. The Olympic effect, however, is a one-off. More pressing concerns remain. Can Ocado keep its lenders at bay while it struggles to establish a steadily profitable business? Through the first six months of the year, it eked out a pre-tax profit of £200,000. As it works out the kinks of its first big warehouse, and puts the finishing touches to its second, things should improve. Meanwhile, the company is getting dangerously close to breaching the terms of a £100m loan. Ocado is nearing the end of its big investment programme, and sales are on the rise, but if even if all goes perfectly, it is cutting it fine. Barclays said: “Our forecasts do not imply a breach of covenants, but nor do we expect much headroom. Ocado’s lenders may cut some slack to the company given the clear tipping point in view.” Fingers crossed, writes The Sunday Times´ Danny Fortson.

Ocado also crept 0.45 lower to 73.6p ahead of the release of a trading update on Thursday. Pessimistic Panmure Gordon analyst Philip Dorgan reiterated his view that the group’s days as a public company are “limited” and cautioned investors “we don’t think that the equity is worth very much”.

The finance director and his wife bought OCDO at 99p a month ago. Looks like he has no clue how his company's doing...


Online grocery store Ocado Group (OCDO) saw sales growth in its third quarter, ended 5th August, slow to 9.9%, bringing total growth for the first three quarters of the year to 11.3%. The company blamed the decline on disruptions caused by the Queen's Jubilee and Olympics, although it noted that it was able to preserve margins by not resorting to short-term vouchering activity. The firm hopes to see increased sales growth in the final quarter, but does not expect consumer volatility to end any time soon. The shares sank by 2.8p to 64.4p.

Not one I follow - but the chart looks interesting.

yep agree with skinny.

Had these guys last sat and from online order everything was perfect.

Polite deliveryman, 97p delivery charge on a saturday...(others a £5
iver)

Great bags and strong.

Grub evens with most, BUT still more expensive than ASDA.

ASDA is nos 1 around here W Yorkshire, cant beat it.

Waiting for then to list.

Tesco gone down the nick.

Sainsbury expensive but no better quality.

yep agree with skinny.

Had these guys last sat and from online order everything was perfect.

Polite deliveryman, 97p delivery charge on a saturday...(others a £5
iver)

Great bags and strong.

Grub evens with most, BUT still more expensive than ASDA.

ASDA is nos 1 around here W Yorkshire, cant beat it.

Waiting for then to list.

Tesco gone down the nick.

Sainsbury expensive but no better quality.

A double endorsement!

Breakout on cards...........

20 Dec Ocado Group Plc OCDO Exane BNP Paribas Outperform 0.00 79.95 90.00 90.00 Reiterates

SP TARGET 90p.

Going very well this morning...nice.

23.69% of stock on loan as of 17th Dec.

HEYYYYYYYYYYYYYYYYYYYYYYYY.

sCHHHHH sCHHHHHH

Sugar.

Im going for it then Skinny ....head first.

GLADIATOR.

Marks or morrisons will take this out @£2.00 min imho.

Interim Management Statement

Strategic and operational highlights

· Our second customer fulfilment centre at Dordon, Warwickshire ("CFC2") became fully operational during the period, with stock building commencing in January and first customer orders being delivered on 24 February. The ramp up of CFC2 is progressing well.

· The Hatfield Customer Fulfilment Centre ("CFC1") continues to operate with improved efficiency.

· Our first dedicated non-food distribution centre became fully operational in January, one month ahead of schedule, supporting the strategy for further sales and range growth in non-food.

· We continued to improve our customer offering through the introduction of the Ocado Smart Pass which combines the benefits of our popular Delivery Pass and Saving Pass schemes, to give greater value and service to more of our customers.

Ocado confirms talks re technology agreement

Ocado Group PLC (" Ocado") confirms that it is in discussions with Wm. Morrison Supermarkets Plc ("Morrison") which may lead to an agreement to license certain of Ocado's existing and future intellectual property ("IP") and operating knowledge for the purposes of Morrison commencing an online grocery business in the UK.

These negotiations do not involve any discussion of Morrison acquiring either the whole of, or an equity stake in, Ocado.

Any such agreement would be complementary to Ocado's existing partnership with Waitrose, which would be unaffected by any potential agreement with Morrison.

Both parties are working towards an agreement and a further announcement will be made in due course. However, discussions are ongoing and there can be no certainty that an agreement will be reached.

Hey hlyeo.....looks like the FD does know how his company is doing.....LOL

Good news for LT Shareholders, but is the Business-Model really fixed - I'm not convinced, although new CEO is the right man - perhaps that's the hope, even before a clear strategy performs well. SR is a very smart guy, IMHO. . . . and this (turnaround) would be a crowning achievement..... good luck...

AGM Statement

At today's Annual General Meeting of Ocado Group plc (Ocado), the online supermarket, the company will make the following statement:

"Ocado has continued to make significant progress as the Chairmanship passes from Lord Grade to Sir Stuart Rose.

The company has continued to grow sales as it benefits from increasing loyalty and spend from existing customers and attracts new shoppers, supported by further expansion in customer demand for online grocery shopping.

In February 2013 operations commenced at Ocado's second Customer Fulfilment Centre at Dordon, Warwickshire, which opened on time and on budget, and provides the operational platform for significant future growth.

Ocado is in discussions with Wm. Morrison Supermarkets Plc (Morrison) which may lead to an agreement to facilitate Morrison commencing an online business in the UK. Any such agreement would be complementary to Ocado's existing partnership with Waitrose, which would be unaffected by any potential agreement with Morrison - product would continue to be sourced with Waitrose, and Ocado customers would continue to buy exclusively from the existing Ocado, Waitrose and branded ranges.

Ocado reconfirms that the arrangements under discussion do not involve Morrison acquiring either the whole of, or an equity stake in, Ocado. Discussions are ongoing, and there can be no certainty that an agreement will be reached. A further announcement on this topic will be made in due course.

The Board is encouraged by the progress of the business so far this year, and believes the company is well placed to exploit the fast growth in online grocery retailing."

Exane BNP Paribas Outperform 0.00 225.00 300.00 Retains

HSBC Underweight 0.00 95.00 - Reiterates

Deutsche Bank Sell 505.00 505.00 - 440.00 Initiates/Starts