Jul 10, 2018
Ocado: robot wars
Ocado needs to speed up its coding capabilities to fulfil the contracts it has signed. Ocado has net cash of £164m. But this cash is due to its equity raising efforts. If Ocado sticks to its planned rollout it will not need to raise additional funds in the next two years. Ocado runs four warehouses, all of which are in the UK. In the next five years it plans to have 23 spread around the world. New, clearly profitable deals will be needed to lift its market value further.
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