Too long, actually, I transferred yesterday around 2pm. This will obviously improve.
Rightmove does look better on paper. Stable (but low) dividends, stable growth. Ocado has had its momentum of spiking growth and will most certainly correct back, it is just impossible to even expect a plateaued growth after that skyrocketing, people will be taking profits.
Ocado has plenty of debt that, as of 2018, exceeds the net equity, whereas RMV’s debt is 0. Considering the US Interest Rates growth, UK may soon pick up on to stabilise the UK’s property market, this will have detrimental effect on the Ocado’s interest payments (whereas RMV may potentially benefit to an extent due to more renters and less mortgagers). Also, the insider trading for Ocado is predominantly selling, RMV does not seem to be panicking.
Nevertheless, get VUSA and then go US tech/consumer goods once @rob_h adds NYSE and NASDAQ to Freetrade’s Live Universe!
Put a ton in each?
#Diversify
PurpleBricks (unless I am missing the point and this is not on the menu!).
Arguably expensive but well positioned to benefit from a trend towards digital. No commission so aligns with your values !
The UIs look amazing. Great job @JamesStorer and @freetrade_team
Can’t wait to get my hands on the app!!
@viktor working on the assumption that you’re in it for the long slog, and parking @Vlad’s view on the fundamentals for a moment (sorry @Vlad !!!), yes valuations are high, but out of the two, Ocado feels like it has the longer legs.
It has potential to be a challenger to the Amazon problem facing traditional grocery retailers to whom Amazon’s ambitions pose a real and threat. My feeling is the traditional grocery business would rather not further strengthen Amazon’s dominance, and Ocado could provide a viable alternative. The Morrisons deal, and more recently that of Kroger demonstrates an international appetite for the pivot towards licensing of their technology, logistics expertise and experience. YOY revenue has increased 12%, of which 7% has come from grocery business, compared to 2.6% growth at Tesco, 2.2% at Sainsbury, but the question is can they sustain it in a challenging retail environment, where consumer demand has softened?
Disclosed net short positions as of yesterday’s published disclosures have reduced to 4.6%, a steady fall from 20% back in 2016.
Just a view, not advice.
F.A.O. @Freetrade_Team_Design, that UI…
Fantastic.
In the stock market, I learned that what is making new highs will continue to go higher ;-).
Maybe buy Tesco (TSCO) shares - might be interesting to see how that fares after the Sainsbury & ASDA merger (if that every happens)
Guys the news is in and @Viktor went for Ocado…
Instant order comission? Seriously? And you did not even let him have Alpha?!
@Viktor, that broker is ripping you off
Welcome to the community @Baroness!
Yes, interesting times at Tesco, especially with the Booker takeover and the potential Lidl killer concept. I could actually see Sainsbury’s using that as leverage with the CMA.
But wait, that was only £50…
There’s always Revolut @Viktor [tongue planted very firmly in cheek] @Vlad
But wait there’s more!
I am allergic to Revolut so that is out of question. I will stick to my current broker which is instant 0.03% fee regardless of the volume but it is non-UK so looking forward when Freetrade opens the US gates for me to transfer sell the holdings and buy on ISA.
Alpha will be built, but not ready yet, so I went for the £1 commission for instant trade. But I did two free trades as well.
It’s the best, eating our own dogfood!
Is there no stamp duty on the basic order?
There is if it’s a UK stock (ETFs are exempt!). We should really lobby the government to change that.
US stocks don’t have stamp duty, obviously. Can’t wait for them:
By the way, @Freetrade_Team will post a guide article on tax soon!