Shares in focus: Will Ocado ever make money?

Ocado's shares are pricey, but the online supermarket has promise. Should you buy in? Phil Oakley investigates.

The online supermarket's shares are too pricey, but the business has promise, says Phil Oakley.

Online supermarket Ocado was set up in 2000 and started out delivering groceries for Waitrose in 2002. While it has struggled to make any significant profits over the past 14 years, it has steadily grown its customers and sales.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.