We would not be surprised to Canada Goose sale see hedge funds

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canada goose coats LONDON canada goose uk black friday (Reuters) Ocado shares slid 10 canada goose black friday sale percent on cheap Canada Goose their market debut, canada goose uk outlet even after the British online grocer dropped the price of its initial public offering nearly a quarter canada goose coats on sale at canada goose the last minute to www.gofind.ca lure skeptical uk canada goose outlet investors. EDT, above a low Canada Goose online at uk canada goose 155 pence but below the 180 pence IPO price announced on Wednesday. canada goose coats

Canada Goose Jackets are Canada Goose Outlet missing some things about Ocado because they are looking in the rear view mirror at our historical performance. Things change in the future, he said. Canada Goose Jackets

Steiner blamed the falling share price on hedge funds.

canada goose am not overly surprised a couple of hedge funds wanted to have a pop at the open. We will see where it is trading in 24 months time, he said. canada goose

canada goose black friday sale Steiner said the IPO price was cut cheap canada goose uk to ensure a higher quality book of canada goose factory sale investors likely to hold shares long term. A number of Canada Goose Coats On Sale investors had purchased stakes of more than 3 percent of the company, Steiner said, though he declined to name them. funds will take around 30 percent apiece, Steiner said. canada goose black friday sale

canadian goose jacket at the revised valuation, the company is Canada Goose Parka still canada goose clearance overvalued and expensive. We would not be surprised to Canada Goose sale see hedge funds shorting the stock, said Amisha Chohan, an investment analyst at HB Markets. canadian goose jacket

does seem a very early stage investment. I am not sure it should have been listed Canada Goose Jackets at this stage, he said.

canada goose store Ocado, canadian goose jacket which sells the products Canada Goose online shop of upmarket grocer Waitrose, is enjoying soaring sales as canada goose uk shop Britons flock to buy groceries on the internet. canada goose store

cheap Canada Goose But it has yet to make a pretax canada goose store profit and analysts have questioned buy canada goose jacket whether its model of filling orders from a central depot can be as profitable as filling them from stores, as done by rivals Asda, Sainsbury, and Tesco. cheap Canada Goose

canada goose deals Ocado, founded in 2000 by three former Goldman Sachs bankers, raised 200 million pounds Canada Goose Online ($306 million) in the IPO to pay down debt, expand its existing warehouse and start canada goose coats building a second buy canada goose jacket cheap facility. canada goose deals

At the issue price, the group had a market value of 937 million pounds, way above some analyst estimates of no more than 500 million.

Canada Goose Parka VALUATION is astonishing how high a price is being paid for Ocado, Arden Partners analyst Nick Bubb canada goose clearance sale said. Canada Goose Parka

canada goose clearance sale Ocado enterprise value equity plus debt was equivalent to 41 times Bubb forecast for earnings before interest, tax, depreciation and amortization (EBITDA) for the year to November, falling to 28 times the following year. canada goose clearance sale

Canada Goose sale That compared with fast growing online fashion retailer ASOS Canada Goose sale

Canada Goose online trading at 23 times Bubb forecasts for the year ending March 2011. Canada Goose online

Canada Goose Outlet Ocado existing investors, mainly the pension fund of Waitrose parent John Lewis and banking group UBS, raised about 154 million pounds from selling shares. Canada Goose Outlet

buy canada goose jacket fact that our IPO completed successfully in very difficult markets is an endorsement of the long term growth potential offered by Ocado, Steiner said. buy canada goose jacket

buy canada goose jacket cheap Investors have driven a hard bargain with new issues this year amid turbulent financial markets. Last week, oil and gas firm Fairfield Energy pulled its planned flotation, while others, like Ocado, have had to reduce their price expectations. buy canada goose jacket cheap

Ocado founders Tim Steiner, Jason Gissing and Jonathan Faiman have retained big stakes. Gissing and Faiman both sold about 2 million shares. In total, directors will own about 20 percent of the company.

canada goose clearance Ocado was advised by Goldman Sachs, UBS and JP Morgan Cazenove, as well as a junior syndicate of five banks, which will all share about 15 million pounds fees canada goose clearance.