Mintel, a market intelligence firm, released a paid research recently that I saw.
- Domestic expenditure on online grocery shopping was £12.3bn in 2018, up 9% v.s. 2017.
- 61% of 25-34-year-olds shopped groceries online, v.s. 45% of overall average. So, the online share of the market should be only growing over time.
I like that they invest in their distribution business. I believe there is a huge opportunity there, although there is execution risk - we need to see good, healthy partnerships in action.
Last but not least, Lord Rose sold 150k shares for a cool ~£1.7m. (Do we still do director deals?)
He still has 450k, so he just sold a part of his holding.
Ocado is a new company for me that I’ve been eyeing for years. After seeing the Mintel report, I plan to invest a few hundred on Monday.
Anyone else buying/selling in the coming weeks?