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Ocado posts H1 loss

SUPR View:

* £9mm H1 loss pretty negligible in big picture * Tech Platform potential strong; 6 global partnerships with more deals expected in “medium term” * Sales growth strong @ 11.7% vs sector growth @ 2.3% * Cash position strong @ £447m post £324mm equity raise

** But, with a lot of good news is now priced in to Ocado stock and no path to profitability anytime soon => hard to see any further stock price appreciation from here **

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