|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||10.75 - 10.75|
|52-week range||8.50 - 28.85|
|Beta (5Y monthly)||0.52|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Ocado needs a little more patience from its investors. Large capital spending commitments in its technology business prompted an earlier than expected cash call on Monday, raising £578mn. The £7.95 price of the shares issued was less than half the £19.60 paid by investors in its last fundraising in June 2020.
There are two certainties about Ocado. First, it will take longer than investors expect to turn profitable. Equity capital markets have been basically closed this year, since investors have no appetite for speculative initial public offerings and the season of distressed cash calls hasn’t yet started.
The Kroger Co. (NYSE: KR), America's largest grocery retailer, today announced it will offer more Americans delivery through the addition of a new customer fulfillment center (CFC) in Aurora, Colorado, powered by the Ocado Group (LSE: OCDO), engineering a model for the region, leveraging advanced robotics technology and creative solutions to redefine the customer experience in the Denver Metro Area.