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Ocado Group PLC Add to portfolio

LON250:OCDO, Sep 26, 09:39 UTC

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Tuesday, September 18


News

Shoppers buying more often from Ocado, which says robotic warehouses help it meet demand - InternetRetailing

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Ocado, a Top50 retailer in IRUK Top500 research, said in a trading statement that revenue of £348.6m in the 13 weeks to September 2 was 11.5% up compared to the same time last year. The growth came as customers placed 283,000 orders a week, 11.4% up on last year, but as the average order value stayed the same at £106.26, from £106.25 last time.Ocado said that its new robotic warehouses were helping it meet growth in demand, as more shoppers buy groceries online. Commenting, Thomas Brereton, analyst at GlobalData, said: "While Ocado’s retail division continues to grow at pace (and controls c.11% of the UK online grocery market), CEO Tim Steiner is correct to describe its own retail operations as ‘showcases’ for the scalability and efficiency of Ocado’s proprietary technology; after all, the best way to entice further international partnerships is to exhibit a successful operating model in the UK. And Ocado is not slowing tech investment; a recent European patent shows that Ocado has begun design of robot-run urban farms able to grow vegetables and rear livestock, and is separately developing robotic hands capable of handling fruit packaging. "The future appears all bright for the so-called ‘Microsoft of Retail’. Unconfirmed rumours of a potential movement into non-food (if true) would certainly provide a sharp shock across the retail world – particularly as Ocado’s exclusive agreement with Morrisons only covers ‘online grocery services’.

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News

Ocado retail sales down in third quarter as orders rise

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Online grocer Ocado saw a slowdown in retail sales growth as the average value of customer orders remained virtually unchanged in its third quarter to 2 September. The group said retail revenues rose 11.5% over the 13-week period, but this was down on the 11.7% growth it reaped in the first half of the year. The online grocer and delivery company took solace in a good performance from its newest automated warehouse in Erith, southeast London, which it said had processed more than 20,000 customer orders in the first 14 weeks since launch. The group, which works with Morrisons in the UK, recently announced long-awaited international deals to license its Ocado Smart Platform technology, an automated system for packing orders in warehouses operated by robots.

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Monday, September 17


News

Ocado, Once Europe’s Top Short, Battles to Sustain Share Rally

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Ocado, Once Europe’s Top Short, Battles to Sustain Share Rally. Sep 17 2018, 9:24 AMSep 17 2018, 10:43 AMSeptember 17 2018, 9:24 AMSeptember 17 2018, 10:43 AM. After surging in the first half of the year on a flurry of international technology licensing agreements, the stock has retreated from its July peak on a lull in newsflow since May’s announcement of a landmark deal with Kroger Co. With Ocado now viewed as much as a technology company as it is an online grocer, greater significance will be placed on news of any advances with the company’s so-called smart platform and progress on pacts with supermarket chains, according to Peel Hunt analysts. With the stock having gone from being Europe’s most-shorted stock to among its best share price performers, regular fuel is needed to sustain the stock’s momentum.

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Sunday, September 16


Social Chatter

Ocado Group PLC (LON250:OCDO) social chatter is higher than usual

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Ocado, a British online-grocery company, is using air-traffic-control systems and AI technology to co-ordinate 700… https://t.co/yUfoihXc3S

Thursday, September 06


News

Is National Grid plc the best dividend share in the FTSE 100? - Investomania

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The National Grid plc (LON:NG) (NG.L) share price has been a popular income share for a number of years. With a 6% dividend yield, it is not surprising that the company is a popular income share in my view. National Grid has also historically offered a relatively defensive business model that has meant its dividend payments have been more resilient and reliable than many of its FTSE 100 index peers. For investors who rely upon their portfolio for an income, this is a major consideration. It appears to have a relatively robust dividend outlook, while its yield suggests that it could offer good value for money at a time when the FTSE 100 is within 5% of its all-time high.

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Is Ocado Group PLC the most overvalued share in the FTSE 100? - Investomania

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That’s a stunning rate of growth, and makes it one of the FTSE 100’s best-performing shares during that time period. One reason for the company’s rising valuation has been the continued growth in demand for online retail opportunities across the world. Ocado appears to have the technology and capability to transform a retailer from a bricks-and-mortar operation into an online-focused entity. As a result, I wouldn’t be surprised if more deals are done in this area over the medium term. In my opinion, online still has a long way to go in terms of growth. As difficult as it is to see jobs lost in High Street stores, ultimately consumers are moving online.

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Wednesday, August 15


News

Ocado Group Plc (LON:OCDO) Buy Rating Has Just Been Reiterated by Peel Hunt

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Peel Hunt reconfirmed their Buy rating on Ocado Group Plc (LON:OCDO) in a report sent to investors and clients on Wednesday, 15 August. Among 14 analysts covering Ocado Group Plc (LON:OCDO), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. Ocado Group Plc had 37 analyst reports since February 16, 2018 according to SRatingsIntel. Another recent and important Ocado Group plc (LON:OCDO) news was published by Fool.Co.Uk which published an article titled: “Can monster growth stocks Fevertree Drinks and Ocado Group justify their sky-high valuations?” on July 24, 2018.

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Friday, August 10


Social Chatter

Ocado Group PLC (LON250:OCDO) social chatter is higher than usual

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Ocado, a British online-grocery company, is using air-traffic-control systems and AI technology to co-ordinate 700… https://t.co/urBuaJ4zqV

Wednesday, July 25


News

Ocado drinkers offered help via Skype

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A panel of health experts heard that is around 257,000 people in the county, with many being ‘affluent’ residents. Surrey County Council’s Health and Well-being Board heard outlines for the scheme at its meeting in June. It will be aimed at higher risk drinkers and involve three to six 40-minute motivational interviewing sessions over Skype by alcohol specialists. Figures in the report presented to the board suggest advice and intervention similar to this can reduce weekly drinking by between 13 and 34 per cent resulting in three to nine fewer drinks per week.

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News

Ocado drinkers offered help via Skype

OCDO

A panel of health experts heard that is around 257,000 people in the county, with many being ‘affluent’ residents. Surrey County Council’s Health and Well-being Board heard outlines for the scheme at its meeting in June. It will be aimed at higher risk drinkers and involve three to six 40-minute motivational interviewing sessions over Skype by alcohol specialists. Figures in the report presented to the board suggest advice and intervention similar to this can reduce weekly drinking by between 13 and 34 per cent resulting in three to nine fewer drinks per week.

Read Full Details

Topics:
  • Business
  • Health
  • Technology
  • Science