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

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

OCDO Ocado trading ahead on last trading statement last week. Shorters will close adding to SP north move. 404p first target. If it follows last years actions PIs should be well in the money.

22 Dec 2014 Ocado Group Plc OCDO Numis Buy 386.85 381.50 500.00 500.00 Reiterates

SP TARGET 500p

as a company, i think OCDO now looks to be on the right track anyway
Beloved has started using them and is much impressed by the service .....
and yes, i do hold

Trading Statement

below is from wednesday lunchtime .......


Ocado shares down 8.1% as fire damage worsens at UK hub
StockMarketWire.com
Shares in online grocery retailer Ocado remained under pressure after it confirmed a fire at its Andover distribution centre in southern England had worsened overnight and would hurt sales volumes.

'Unfortunately the fire which started yesterday morning in a corner of the ambient grid was not contained as we believed, and last night expanded,' the company said.

'Whilst we are informed by the Fire Brigade that it is now under control, during the night part of the roof collapsed and there has been substantial damage to the majority of the building and its contents.'

Ocado said it would update the market when it had time to assess the damage and return the customer fulfilment centre to operation.

'As Andover was providing approximately 10% of our current capacity, as a result of this incident there will be a constraint on our ability to meet our growing customer demand and there will be a reduction in sales growth until we can increase capacity elsewhere,' it said.

'Ocado has comprehensive insurance for the property, stock and equipment on site, and for business interruption losses.'