Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Since I observed in mid-December that “I like Ocado (OCDO) delivery but I am keeping on avoiding the shares”, I have personally used the company twice and remain completely unsurprised to see the share price down over 10% today and nearly 20% year-to-date. Life is always tough when you have a market cap of nearly £9.5 billion, revenue of just shy of £2.5 billion (up 7.2% year-on-year) and – despite some clever software and robots technology – still make a loss. Striking a deal here with M&S (MKS) was smart here in the UK and ‘unveiled the next leap of game-changing technology underpinning the unique and proprietary Ocado Smart Platform’ may be very exciting, but my top tip would be to make some actual proper profit. I guess that means (1) I will put another food and related order in later this month and (2) I will keep on avoiding the shares. Meanwhile, how is one of my ‘tips of the year’ plays DCC plc (DCC) getting along?
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