In this issue... our share tips for June 2024, the latest on our Aggressive Portfolio IX, plus company features and market insight.
Buying on-line?
The news that the online supermarket and technology group Ocado (298p) is to delay its expansion programme with its Canadian partner Sobeys Inc has seen the shares fall to the lowest level since 2017. The news took the market by surprise and comes on the back of the news that the company had been demoted from the FTSE-100 Share Index, which had already caused weakness in the share price. Although the news is clearly disappointing, the company has stated that its guidance for the 2024 financial year remains unchanged and it still expects to be cash flow positive in the medium term. The shares stood at 789p last December and we believe that the recent fall in the share price has probably been overdone given the progress that the company is making overall.
Ocado was established in 2000 and consists of three business segments. The most well-known of these is Ocado Retail…
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