Retail and Consumer
Palpatine's Pit has added Ocado to its portfolio. Sir Stuart Rose has taken over as Chairman which has boosted the share price. Pit took Ocado at 103.88 and at 2pp with a safety net of 80. The share price was 134 in March of last year and whilst the share price has dipped to as low as 56p in November, some excellent Christmas figures show that there is still some life in the business yet. A massive slump through July and August last year seen the price fall considerable, but having seen out the problems leading into the new year, Rose's introduction may be just the tonic for another rapid boost. The next couple of weeks will be crucial in deciding whether to take a long term punt or whether Pit just tested the water.
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