I do quite like receiving a food delivery from Ocado (OCDO). It is not cheap but the quality is good and it is certainly better than going to a restaurant or something like that. However - as I last detailed HERE three months ago - it is a “good job I prefer Ocado’s food delivery to its shares”, especially as the nearly £6 billion market cap company has felt the need to raise nearly £600 million in an equity raise. What is going on?
Since I last observed about Rolls-Royce (RR.) back in early April that it was 'a longer-term play on a high barrier to entry area', the shares have been all over the place. Today they are back near the lows of their recent range after a first half trading update which was informative...but did not answer the big question and debate about the shares out there...
There is raising money to survive (see the regulatory update today from Aston Martin Lagonda (AML)), there is raising money to underpin growth opportunities (see my write-up on Abcam (ABC) a couple of weeks ago) and there is raising money because you are a cyclical business and need to build a buffer. The latter category is going to be the majority of names which raise money over the next six or twelve months…and this includes sofa company DFS Furniture (DFS), which states today that 'the Company is preparing for a possible non pre-emptive equity issue of up to 19.9% of its existing ordinary share capital'...
Hello, Share Followers. When shares in Tertiary Minerals (TYM) shot up by 350% one day last week, it was thought by some that I was recommending this gold prospector. Sorry about any confusion, but I did caution that the jump didn’t seem worth it. Let me briefly outline the history of my holding with this company...
In an early 2015 ShareProphets article I observed that AO World (AO.), the self-styled ‘leading European online retailer of electrical products’, was an overpriced hope stock. Roll forward, via a series of critical articles on this website from a number of writers, we have a much lower share price.