Analysis: Ocado needs a global partner or new cash to fund hi-tech investment plan

Ocado divides opinion within households – and it is no different for market investors.

In one corner, bulls believe its truly unique mix of business features – transport and logistics, tech and retail – could justify almost any stock valuation, and could even make it a palatable takeover target.

In the other corner, bears paint the picture of a business that is economically unsustainable, given the heavy capital requirements that supply chains actually need – where transport and logistics, tech and retail ...