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Ocado shares up after sales growth
MrRee_2
Posts: 2,389 Forumite
Shares in online grocer Ocado have jumped more than 14% after a jump in sales during 2011.
The firm, which mostly sells Waitrose goods, said that customer orders in the four weeks to Christmas jumped 22% from the previous year, to 405,700.
"We remain optimistic about continued sales growth," said chief financial officer Andrew Bracey.
Overall, sales rose 17% to £643m in the year to the end of November from the previous year.
Ocado's own-brand sales were up 88% in the four trading weeks to 25 December.
Yet another indication that the economy is booming at the top levels of society ..... fantastic news for everyone as the wealth will soon filter down to the Chavs.
Rejoice that the money makers, the doers and shakers, are feeling very confident ..... where the winners lead the losers will follow.
The firm, which mostly sells Waitrose goods, said that customer orders in the four weeks to Christmas jumped 22% from the previous year, to 405,700.
"We remain optimistic about continued sales growth," said chief financial officer Andrew Bracey.
Overall, sales rose 17% to £643m in the year to the end of November from the previous year.
Ocado's own-brand sales were up 88% in the four trading weeks to 25 December.
Yet another indication that the economy is booming at the top levels of society ..... fantastic news for everyone as the wealth will soon filter down to the Chavs.
Rejoice that the money makers, the doers and shakers, are feeling very confident ..... where the winners lead the losers will follow.
Bringing Happiness where there is Gloom!
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Comments
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Ocado shares flotation price July 2010 180 pence
Ocado shares February 2011 285 pence
Ocado profit warning 19th December
Ocado shares today 74 pence
Rejoice all ye winners.US housing: it's not a bubble - Moneyweek Dec 12, 20050 -
Yet another indication that the economy is booming at the top levels of society ..... fantastic news for everyone as the wealth will soon filter down to the Chavs.
Rejoice that the money makers, the doers and shakers, are feeling very confident ..... where the winners lead the losers will follow.
yeah tesco, halfords...mothercare, thortons etc etc etc all down yeah rejoice you disgusting piece of filth. little chef to close 67 stores leaving 600 out of work. RBS will shed almost 4000 jobs.
come on lets rejoice in other peoples misery. disgracefulMaidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0 -
Yet another indication that the economy is booming at the top levels of society ..... fantastic news for everyone as the wealth will soon filter down to the Chavs.
Rejoice that the money makers, the doers and shakers, are feeling very confident ..... where the winners lead the losers will follow.
somehow i dont think ur 73 yrs old as u claim
a 73 yr old man (if indeed u r a man) would have greater life perspective'Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
GALATIANS 6: 7 (KJV)0 -
RUN_RABBIT_RUN wrote: »somehow i dont think ur 73 yrs old as u claim
a 73 yr old man (if indeed u r a man) would have greater life perspective
I think what he meant to say is I'm either 7 or 30 -
Aberdeenangarse wrote: »I think what he meant to say is I'm either 7 or 3
maybe it's rhyming slang for 'sibley''Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
GALATIANS 6: 7 (KJV)0 -
Maybe it's just that I know more than all of you - that I have been around so much longer - that I have seen wars and hunger - that I realise when the end of the gloom is upon us!
Rejoice, for I tell you that we are at the very beginning of marvelous times.
There will always be losers, those who couldn't make a good news item if their lives depended upon it ............... luckily, there are more winners who strive and work hard to pull us around.Bringing Happiness where there is Gloom!0 -
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It still puzzles me how a company losing money every year, in one of the most fiercely competitive sectors, can be valued at £400m
Faith, hope, charity, these three; but the greatest of these is charity.0 -
Its PROSPECTS are very good indeed - that's why.Bringing Happiness where there is Gloom!0
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It still puzzles me how a company losing money every year, in one of the most fiercely competitive sectors, can be valued at £400m
The Company was set up by a couple of ex City Bankers :rotfl: They were doing alright whilst they had the Waitrose contract. Now Waitrose have Waitrose deliver, they're up the creek without a paddle.
http://www.guardian.co.uk/business/2011/sep/19/ocado-shares-plunge-waitrose-competition
Waitrose had a 20% stake in Ocado which they sold last year for 230p a share.......smart deal
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