In a bid to inject a bit of excitement into my portfolio, I decided to look for a red-hot FTSE 250 (^FTMC) share or two. I’ve assembled a balanced portfolio of FTSE 100 (^FTSE) blue-chips over the last year, and wanted something with mightier growth potential.
I instantly spotted a familiar name: online grocer and logistics group Ocado Group (OCDO.L). It only crashed out of the FTSE 100 on 21 June, after a six-year stint.
To be honest, I’m surprised it lasted that long. After peaking at 2,808p in February 2021, the Ocado share price had lost almost 90% of its value.
The share price is a wild ride
Its fall from grace was probably inevitable. UK-focused investors had been desperate for a company that could match the US tech behemoths for growth potential, and decided Ocado was our best shot.
Its customer fulfilment centres (CFCs), powered by the automated Ocado Smart Platform, are unquestionably…
