What happens when Ocado falls out of the FTSE 100?
By Chris Bailey of Financial Orbit | Sunday 28 May 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
I have got some bad news for Ocado (OCDO). Despite the company offering me a “summer offers on sunscreen and ice cream, a romantic Meal Deal for two and a barbecue feast”, via email the other day, I have just booked next week’s food shopping home delivery once again with J Sainsbury (SBRY). Don’t get me wrong, Ocado (and its M&S (MKS)) range of offerings is quite nice…but it is not really required by me and family in late May. It should probably contact me again nearer my birthday or maybe Christmas. And in the meantime, it should think a bit more about whether its share are going to be kicked out of the FTSE 100?
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.