CLIVE BLACK | SHORE CAPITAL
Ocado has worked out how to deliver baked beans, ice cream, Jaffa cakes and chipotle chillies without booking a bottom line loss. We welcome the passing over of this financial threshold by the group. However, we may need to remain patient for Ocado to deliver material earnings per share (EPS).
ANDY WADE | NUMIS
We retain our positive stance...We continue to believe that Ocado is uniquely positioned to leverage its market-leading IP to support Ocado Retail and develop partnerships with global grocery retailers looking for the best online grocery fulfilment solution.
JAMES ANSTEAD | BARCLAYS
Ocado’s results can be taken either positively or negatively. We would expect sceptics to focus on the continuing high levels of capex and the downward pressure on Ebitda but we think investor willingness to be short of the shares may diminish in months ahead given Ocado’s clearer optimism regarding a deal being signed.