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Q3 update

To reiterate Ocado are operating in store fulfilment ISF in more than 1000 stores world wide. They have seen it double productivity.

Https://www.ocadogroup.com/media/newsroom/online-grocery-in-apac

Https://www.ig.com/uk/news-and-trade-ideas/ocado-vs-m-s--diverging-fortunes-in-uk-retail-240916

It needs to be more than decent. Ocado is a buy, sell, buy stock but buy back at the wrong price and you have to wait it out. Most people know these prices are rigged for shorters, it will shoot back up again out the blue and drop again, they just need new partners and proof the CFCs are worth the investment.

I think logistics and retail is part of the pull as one package, may even help win more contracts. HY Report states ongoing discussions with several possible partners are encouraging for new orders to be delivered in FY24. Ocado desperately needs at least 2 new contracts this year (not more CFCs), was suprised how much debt they wiped off this year so far, if they become profitable then they could become a takeover target before they get too big, other similar companies are also in debt not just Ocado.