OCDO.L - Ocado Group plc

LSE - LSE Delayed price. Currency in GBp
2,031.00
+31.00 (+1.55%)
At close: 4:36PM BST
Stock chart is not supported by your current browser
Previous close2,000.00
Open2,031.00
Bid2,019.00 x 0
Ask2,020.00 x 0
Day's range1,988.50 - 2,046.00
52-week range994.01 - 2,249.00
Volume748,482
Avg. volume2,587,194
Market cap15.189B
Beta (5Y monthly)1.06
PE ratio (TTM)N/A
EPS (TTM)-29.40
Earnings date14 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est985.69
  • I think this share will do well if the stock market crashes again
    Fool.co.uk

    I think this share will do well if the stock market crashes again

    Andy Ross picks out a share price that should hold its value better than most if there’s another steep stock market crash. The post I think this share will do well if the stock market crashes again appeared first on The Motley Fool UK.

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    See Your New House Payment with Quicken Loans

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  • Will Ocado shares benefit from a shift in grocery shopping?
    Fool.co.uk

    Will Ocado shares benefit from a shift in grocery shopping?

    Will Ocado shares be the beneficiary of a fundamental shift towards online shopping?The post Will Ocado shares benefit from a shift in grocery shopping? appeared first on The Motley Fool UK.

  • £2k to invest? I’d buy Ocado shares to hold for 10 years
    Fool.co.uk

    £2k to invest? I’d buy Ocado shares to hold for 10 years

    The Ocado share price has surged this year, and as the world adapts to the new normal, the company could continue to prosper. The post £2k to invest? I'd buy Ocado shares to hold for 10 years appeared first on The Motley Fool UK.

  • Tesco shares – are they a great buy for value investors right now?
    Fool.co.uk

    Tesco shares – are they a great buy for value investors right now?

    Tesco is considered to be a safe-haven company. Is it true and is its stock worth buying? Anna Sokolidou tries to find out.The post Tesco shares - are they a great buy for value investors right now? appeared first on The Motley Fool UK.

  • The Ocado share price has rocketed…is it worth buying now?
    Fool.co.uk

    The Ocado share price has rocketed…is it worth buying now?

    The Ocado share price is hard to justify. I'd sooner invest in something a bit cheaper and less speculative, writes Thomas Carr.The post The Ocado share price has rocketed…is it worth buying now? appeared first on The Motley Fool UK.

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  • Coronavirus: Surge in Ocado sales pushes online juggernaut’s market share to new high
    Yahoo Finance UK

    Coronavirus: Surge in Ocado sales pushes online juggernaut’s market share to new high

    A surge in sales at Ocado pushed the online supermarket’s market share to its highest-ever level over the past 12 weeks.

  • Analysts optimistic on Ocado outlook
    Stockopedia

    Analysts optimistic on Ocado outlook

    The Ocado (LON:OCDO) share price has risen by 2.38% over the past month and it’s currently trading at 2029. For investors considering whether to buy, hold or s...

  • The Online Grocery Boom Reveals a Few Big Winners
    Bloomberg

    The Online Grocery Boom Reveals a Few Big Winners

    (Bloomberg Opinion) -- Covid-19-related lockdowns have ushered in plenty of consumer behaviors that I don’t expect to last, including cutting one’s own hair and baking enough homemade bread to spark a run on yeast. But there’s at least one spending shift brought on by the pandemic that is bound to be quite sticky: buying groceries online. Many shoppers tried this format for the first time in the past several months, and there’s good reason to believe they won’t give it up. It’s a dynamic that will further strengthen retail heavyweights Walmart Inc., Target Corp. and Costco Wholesale Corp., while putting more pressure on traditional grocery chains.Nearly half of respondents in a survey by Coresight Research reported trying online grocery shopping for the first time or increasing their use of it because of the novel coronavirus. Importantly, the study was conducted March 17-18, when state and local stay-home mandates were just starting to take effect. It stands to reason, then, that even more consumers may have been pushed in this direction later. I’ve always thought it was revealing that Walmart and Target have long said their curbside pickup services have unusually high net promoter scores, a commonly used industry metric that is a proxy for customer satisfaction. In other words, once people try these services, they tend to really like them. The hard part is getting them to take the initial plunge. The pandemic just provided shoppers a forceful reason to do just that. Target, for example, has said that 2 million people used its drive-up service for the first time in the first quarter.(1) Sales to the retailer fulfilled by its grocery-centric same-day delivery service, Shipt, were up more than 300% in the quarter from a year earlier. U.S. shoppers have tended to eschew online grocery shopping because they want to squeeze their peaches and nab that just-perfectly-sized steak. But this unusual moment will make some of them realize just how much of their typical grocery haul is comprised of replenishment-type items that are, in fact, easy to hand off to someone else. After all, a box of Cheez-Its or a pint of Ben & Jerry’s tastes the same no matter who selects them. Also, retailers and services such as Instacart have fine-tuned their app experiences so it’s generally very easy to reorder favorite items after you’ve done it once. These factors, I expect, will drive a sharp increase in e-commerce penetration of a corner of retail that has remained relatively insulated from digital change. Walmart and Target, two retailers that already have shown themselves to be holding up well amid the pandemic, stand to benefit from this shift. Both long ago realized that online grocery was going to be key to avoiding further wounds from Amazon.com Inc. and invested accordingly. Walmart has hired tens of thousands of workers who focus on filling these orders; Target acquired Shipt to help it gain and protect grocery market share. If both these chains can also convince customers to add higher-margin items such as apparel and home goods to these orders, that could help make them more lucrative. Costco, which recorded booming online grocery sales in the latest quarter, also showed potential to emerge from the lockdown phase with a large group of digital converts.   When Kroger Co. reports earnings later this week, we’ll see to what extent the supermarket giant’s online business got a boost from shoppers under stay-at-home orders. The cornerstone of Kroger’s e-commerce strategy — a partnership with Britain’s Ocado Group Plc that will bring that company’s technology to the U.S. — is one that, by design, won’t bear fruit for a long time. That doesn’t leave me particularly confident in the company’s positioning for winning digital dollars right now.It’s unclear what a stronger uptake of online grocery shopping means for Amazon. Bloomberg Opinion has frequently noted that Amazon’s strategy around the grocery business seems as ill-defined as the day exactly three years ago that it plunked down $13.7 billion for Whole Foods Market. According to the Coresight survey, far more consumers have bought groceries recently with Amazon than with any other retailer, an encouraging sign for the Seattle shopping juggernaut. The problem is, its base of shoppers is not growing much, even as some of its competitors see huge gains on that measure. The real losers from the swing toward digital grocery shopping are likely to be the regional grocery chains such as Ingles Markets Inc. or Publix that have already suffered in recent years as customers have shifted their grocery dollars away from supermarkets to warehouse clubs, discounters such as Aldi or even Dollar General Corp. Smaller, traditional grocers simply don’t have the massive capital-expenditures budgets and talent pool of their larger competitors that could help them hold their own in the digital realm.   In this way, the rise of online grocery shopping will help strengthen the retailers already in the winner’s circle and may accelerate the demise of others.(1) Curbside pickup is available at Target for non-grocery purchases, too, so not all of these new customers necessarily bought food.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • These FTSE 100 stocks are at all-time highs. Would I still buy?
    Fool.co.uk

    These FTSE 100 stocks are at all-time highs. Would I still buy?

    These two FTSE 100 stocks have risen during the stock market crash, while others have fallen significantly. One Fool looks at whether they're still buys. The post These FTSE 100 stocks are at all-time highs. Would I still buy? appeared first on The Motley Fool UK.

  • Monthly Market Commentary | June 2020

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  • Investing your first £500? I think this share makes a great bargain buy as the FTSE 100 falls
    Fool.co.uk

    Investing your first £500? I think this share makes a great bargain buy as the FTSE 100 falls

    I'd recommend investing your first £500 in promising FTSE 100 stocks, while being careful to steer clear of those in declining industriesThe post Investing your first £500? I think this share makes a great bargain buy as the FTSE 100 falls appeared first on The Motley Fool UK.

  • Ocado Better Use Its $1.3 Billion Windfall Wisely
    Bloomberg

    Ocado Better Use Its $1.3 Billion Windfall Wisely

    (Bloomberg Opinion) -- One of the talents of Tim Steiner, chief executive officer of Ocado Group Plc, is knowing how to negotiate from a position of strength.Over the past decade, the U.K.-based trailblazer for online grocery sales has been able to clinch contracts with British food retailers Wm Morrison Supermarkets Plc and Marks & Spencer Group Plc, offering digital capabilities just when they were most desperate to expand online. Now Steiner is again living up to form, as he raised 1 billion pounds ($1.3 billion) this week. The move exploited a soaring share price, a big increase in online grocery orders and a shortage of investment opportunities in the convertible bond market. Quite a feat for a company that has made a pre-tax profit in only a handful of its 20 years of operation.The capital raising is certainly opportunistic. Ocado already had about 1.2 billion pounds in the bank. The excitement around online shopping has also elevated Ocado’s share price, from around 13 pounds at the start of the year to more than 20 pounds before the fundraising announced late Wednesday. The company is right to take advantage of these factors while it can, because they may not be around forever.Steiner clearly thinks there are more gains to be wrung out of the post-pandemic retail landscape. Mindful of the accelerating switch from buying food in stores to simply clicking a mouse or tapping on a smartphone, its online partners around the world, such as U.S. grocer Kroger Co., may want to attack the online grocery market even faster. Ocado also anticipates a surge of interest from other big international supermarkets wanting to use its automated warehouses.Ocado raised 657 million pounds by selling a roughly 5% stake in itself at a 6% discount to Wednesday’s closing price. The rest of the windfall came from selling bonds that will convert into stock if the share price hits 26.46 pounds a piece — more than one-third above where the shares are now. The deal effectively offers Ocado the chance to raise equity at a higher price in the future, minimizing dilution for shareholders.But investors should be aware of another Ocado trait: plowing money into expensive infrastructure with little to show for it by way of returns.Since 2000, Ocado has invested about 1.4 billion pounds in its retail business, according to Mike Dennis, an analyst at Bloomberg Intelligence. But since going public in 2010, it has made a cumulative operating profit of only about 100 million pounds from this division, which is now a joint venture with Marks & Spencer.The company’s thesis has been that more grocery shopping will soon shift away from physical supermarkets and take place online instead. It also believes that relying on big state-of-the art warehouses and robots to fulfill orders is a far more efficient approach than stocking store shelves.It’s right on the first point. Online’s share of food shopping has almost doubled in the U.K. in recent months, according to Nielsen, from 7% before the pandemic to 13% in May. The second point is not as certain. The trouble with Ocado’s model is it needs expensive infrastructure. The more sales grow, the more warehouses and robots are required. As I have pointed out before, stores with employees are more flexible: They don’t need to add huge distribution centers or install whizzy technology — both of which are costly and time-consuming — to scale up. Employees in existing supermarkets can simply pluck more toilet rolls or cans of beans off of their shelves and put them into crates. Ocado’s need for capital gets even more acute when it agrees to operate the online grocery businesses of big international retailers, such as Japan’s Aeon Co., with whom it struck a deal late last year. While these contracts should eventually generate lucrative fee income, they entail a substantial upfront capital cost. The company’s fundraising has preempted a possible spate of new agreements with grocers around the world, tantalized by the prospect of more online shopping, and put an extra billion pounds into its coffers. If Steiner doesn’t use this wisely, he won’t be able to win over shareholders so easily next time around. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Ocado Raises $1.3 Billion to Fund Growth of Online Shopping

    (Bloomberg) -- Ocado Group Plc is raising just over 1 billion pounds ($1.3 billion) through a share placement, retail offer and convertible bonds to fund expansion of online grocery shopping in an era of social distancing.The company said Thursday it’s getting 657 million pounds via the share placement and retail offer and 350 million pounds through the convertible bond offering. The stock fell as much as 7.5% to 1,960 pence, which was the offer price.Ocado, which provides technology for automated grocery delivery warehouses, said proceeds will be used to support its nine current partners, as well as new clients. The company works with the likes of Casino Guichard-Perrachon SA in France and Kroger Co. in the U.S.The consumer-goods industry is starting to get busy for the post-lockdown business world, with Inditex SA planning to invest about $3 billion in e-commerce and a store-restructuring program over the next three years. Unilever Thursday announced plans to unify its share structure, which will make stock-based acquisitions and divestments easier.Ocado also provides home delivery to U.K. customers. Like other online grocers, it has benefited from a surge in orders since coronavirus lockdowns were imposed, and at times has struggled to meet demand.Goldman Sachs and J.P. Morgan and Numis Securities are acting as joint global coordinators and joint bookrunners on the placing, with Goldman and J.P. Morgan working on the convertible bond offering, Ocado said.(Updates with proceeds in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Ocado boosts firepower with 1 billion pounds capital raise

    Ocado, the British online supermarket and technology group, plans to raise 1 billion pounds ($1.3 billion), giving it more firepower to capitalise on the rapid growth of the online grocery market triggered by the coronavirus crisis. "This capital raise gives Ocado Group the opportunity to accelerate our role in creating sustainable change in the industry, allowing us the flexibility to move at increased pace and capitalise on the full opportunity set over the medium term," CEO and founder Tim Steiner said. Ocado said globally, online grocery penetration is currently low with significant scope for expansion.

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  • Coronavirus: Ocado raising £1bn to capitalise on growth in online grocery
    Yahoo Finance UK

    Coronavirus: Ocado raising £1bn to capitalise on growth in online grocery

    The online supermarket said it needed 'financial flexibility' to capitalise on the rapid growth in the online grocery delivery market.

  • Forget the Ocado share price! I’d rather buy Royal Dutch Shell
    Fool.co.uk

    Forget the Ocado share price! I’d rather buy Royal Dutch Shell

    The Ocado share price has turned £1,000 into £6,800 in three years. But right now, I'd rather buy troubled oil giant Royal Dutch Shell.The post Forget the Ocado share price! I'd rather buy Royal Dutch Shell appeared first on The Motley Fool UK.

  • Kroger Beefing Up Its Online Business With Three New Fulfillment Centers
    Motley Fool

    Kroger Beefing Up Its Online Business With Three New Fulfillment Centers

    Grocery and drugstore chain Kroger (NYSE: KR) revealed its plans to build a trio of new Customer Fulfillment Centers (CFCs) across the U.S. to support the company's online business. The distribution centers will stand in the Great Lakes, West, and Pacific Northwest areas. CEO Luke Jenson of Ocado Group (LSE: OCDO), its partner in the project, says this is part of Kroger "building an e-commerce ecosystem across the U.S. that will deliver unrivaled online experiences to more customers, in more ways and in more markets."

  • As Ocado (LON:OCDO) hits a new 52-week high, what should shareholders do?
    Stockopedia

    As Ocado (LON:OCDO) hits a new 52-week high, what should shareholders do?

    It's difficult to pick your own shares successfully – research consistently shows that more than half of retail investors in the UK and US who pick their own s...

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  • Analysts upbeat on the outlook for Ocado
    Stockopedia

    Analysts upbeat on the outlook for Ocado

    The Ocado (LON:OCDO) share price has risen by 23.3% over the past month and it’s currently trading at 2082. For investors considering whether to buy, hold or s...

  • Coronavirus: Alcohol and takeaway sales soar under UK lockdown
    Yahoo Finance UK

    Coronavirus: Alcohol and takeaway sales soar under UK lockdown

    Kantar data also shows supermarket shoppers spending 50% more in store, and online grocery sales up 75%.

  • Coronavirus: Marks & Spencer profits sink 21% as stores shut and clothing sales drop
    Yahoo Finance UK

    Coronavirus: Marks & Spencer profits sink 21% as stores shut and clothing sales drop

    M&S has furloughed thousands of staff and expects the coronavirus to wipe £1.5bn off revenue as clothing sales have collapsed with stores shut.

  • Coronavirus: Waitrose boss joins calls for 70,000 British fruit and veg pickers
    Yahoo Finance UK

    Coronavirus: Waitrose boss joins calls for 70,000 British fruit and veg pickers

    Ocado bosses are calling on the British public to come forward to help pick fruit and vegetables before they rot in fields, due to the lack of a 70,000 strong migrant workforce.

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  • As Ocado hits a yearly high, is it too late to buy shares?
    Stockopedia

    As Ocado hits a yearly high, is it too late to buy shares?

    With shares in Ocado (LON:OCDO) currently trading close to a 52 week high, a question many on the sidelines probably have is: quot;was I too late to buy them8230;

  • Ocado CEO's $73 million payout opposed by 30% of AGM votes
    Reuters

    Ocado CEO's $73 million payout opposed by 30% of AGM votes

    Almost 30% of votes cast at Ocado's annual shareholder meeting opposed the online supermarket's 2019 pay report on Wednesday, including co-founder and CEO Tim Steiner's 58.7 million-pound ($72.5 million) package. Ocado says its rewards are justified because it created 7.5 billion pounds of value for shareholders in the five years to 2019. Ocado said 29.76% of votes cast at the annual general meeting (AGM) were against the resolution to approve the directors' remuneration report, while 70.24% were in favour.

  • Reuters - UK Focus

    Ocado pay report opposed by 30% of shares voted at annual meeting

    Some 30% of Ocado shares voted at its annual investor meeting on Wednesday opposed the online supermarket and technology group's pay report, it said on Wednesday. Ahead of the meeting some shareholders and investor advisory groups had highlighted what they regarded as excessive awards for Ocado's executives in 2019, including total remuneration of 58.7 million pounds ($72.6 million) for co-founder and CEO Tim Steiner. Ocado said 29.76% of votes cast at the AGM were against the resolution to approve the directors' remuneration report, while 70.24% were in favour.

  • Online supermarket Ocado's sales soar 40% in lockdown Britain
    Reuters

    Online supermarket Ocado's sales soar 40% in lockdown Britain

    British online supermarket Ocado has seen retail revenue soar 40.4% year-on-year in its second quarter to date as it ramped up capacity to meet unprecedented demand during the country's coronavirus lockdown. Britain has been on lockdown since March 23, but Prime Minister Boris Johnson has said the country is past the peak of the pandemic and is expected to set out a plan on Sunday on how it might gradually ease restrictions. In March, Ocado was forced to stop registrations from new customers and impose a queuing system online after it saw a several hundred percentage increase in web traffic.

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