Ocado, worth a £1bl floatation price?

[Black Swan]

well...well....well.....

U.S. online retailer Amazon.com Inc (AMZN.O) has launched an Internet grocery service in Britain, it said on Thursday, joining a fast-growing but competitive market.

http://www.reuters.com/article/idUSLDE6660RO20100707

 

[megamuel]

Lol while I was checking out your link, I noticed this headline:

"Tired Gay succumbs to Dix in 200 meters". http://www.reuters.com/article/idUSTRE6622I420100703

I couldnt help but laugh!

 

[arabianights]

tumbling in early trade

 

[spinola]

Anyone know if any companies exist that do the whole of UK for shopping ? If they could tie in parcel force then remote customers might actually get some service !!!

There are some online sites that flog near out of date stuff for postage of a fiver , but not exactly wide choices all the time...

 

[scose-no-doubt]

Everyone holding so tight that the few sellers are having to accept rock bottom prices!

 

[Black Swan]

should have been priced at 70p...a quid tops...but that wouldn't float the boat of any of the group of hyenas that prey on these utter utter 5hite floatations...

 

[RPEX]

Any of you boys still on this?

 

[arabianights]

nope, but looking at it now demonstrates exactly why timing is everything with shorting....

 

[scose-no-doubt]

My view was long. never traded.

AFBS

 

[BlackBison]

I know a big fund manager who bought a load pre offering at around 180, got auto liquidated by risk at ~140 and hes not been allowed to rebuy... he has an excellent track record but hes obviously ballsed up the timing on this one and knowing the market will have to sit and watch it go up. So i wouldnt be shorting this anytime soon unless you have a death wish..

 

[montmorencyt2w]

I know nothing about this company. What is wrong with their business model, i.e. why were they making an operating loss?


I forget who first posted the following, so sorry, can't give a credit, but I think it is worthy of a repost:

http://www.jamesaltucher.com/2011/0...fat-out-of-2mm-and-lost-100mm-in-the-process/

in-bloody-credible.

 

[arabianights]

They're still ludicrously vulnerable. Buying them as a long term investment is idiotic

 

[megamuel]

Had a little look at their balance sheet. The only positive thing I could find is that their turnover has increased well and steadily for the past 3 years although they have not managed to turn that into profit yet. But loses are getting smaller and they have actually forecast a profit for this year. Other than that it's all a bit poo. Liabilities in relation to assets is appalling and that is why.... I'm out!