The dip in H1 profits is surely a disappointment but the business fundamentals remain intact. We believe the current stock price already factors in at least two new partnerships (estimating three CFCs each). Any new announcement is unlikely to be needle-moving unless management succeeds in on-boarding another heavyweight akin to Kroger. No change in stock recommendation.
11 Jul 2018
Softer H1 results but business model is still promising
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Softer H1 results but business model is still promising
Ocado Group PLC (OCDO:LON) | 360 0 0.0% | Mkt Cap: 2,984m
- Published:
11 Jul 2018 -
Author:
Nishant Choudhary -
Pages:
3
The dip in H1 profits is surely a disappointment but the business fundamentals remain intact. We believe the current stock price already factors in at least two new partnerships (estimating three CFCs each). Any new announcement is unlikely to be needle-moving unless management succeeds in on-boarding another heavyweight akin to Kroger. No change in stock recommendation.