solid trading statement today. company executing the business plan. consolidating its strong position |
6 Billion you say and you really think they can grow turnover by 25% you must be deluded
well actually they probably could grow it by 25% but they would have to throw 2 billion at it for advertising and another billion to pay the gig guys to get out of bed and on their bicycles deliver it and after deducting the cost of the extra orders, they may be left with minus 3 billion. How much cash you say they had left ? |
1 3 billion on net cash plus a business that has 6 billion of turnover growing 25%. and you think it's worthless |
What cost you £1.15p yesterday could well be worth half that in a few months time. Get out whilst you still can imo and the shares still have any value at all. Only value here is shorting, all the way to zero in the long term. |
Great stuff. All the best to you. |
I don't care about people who paid 340p. I paid 115p. Others can pay 120p today. If it's worth 200p then there is money to be made |
Perhaps they could 'dish' some out to all the folk who fell for the 340p placing offer per chance .... |
the company has 1.3 billion of net cash |
sorry meant to add, preliminary results show this company is worthless, the shares look an excellent long term shorting opportunity. |
As an AMZ seller I know the vultures they really are and have no qualms stealing your business if they can. They are not a charity nor ROO's babysitter. They use sellers and partners as guinea pigs, if ROO ever manage to turn the corner AMZ will take everything from them. It's as much a partnership as those Slavic brothers Russia and Ukraine. |
dont forget amazon will always be holding hands with roo and they can easily back them up rain or sunshine |
Management expect nothing but losses for the foreseeable future.
Under 100p looks far more likely than 200p. |
i'll be happy pack it in around £1.50 --- next week should do it. |
Opening up slowly. 200p |
 Deliveroo posted FY21 prelims this morning titled “Strong growth, strategic progress, path to breakeven and long term profitability”. Not a bad summary, gross transaction value was up 70% yoy to £6,631m, revenues were up 57% to £1,824m. The business still posted a loss before tax of £298m primarily due to increased marketing spend and investment in technology, but this is normal in the first few years of expansion. The business plans to reach adjusted EBITDA breakeven at some point in H2 2023-H1 2024, and longer run adjusted EBITDA margin of 4%+ by 2026. Valuation also now looks a lot more reasonable following a 70% share price correction since August 2021. It remains too soon to say that the share price has bottomed, so there is no rush to buy. But PS ratio is top quartile for the sector, balance sheet is healthy and there is undeniably growth and profits here over the decade to come. One to monitor near term, but certainly worth acquiring once current correction has run its course...
...from WealthOracleAM |
They hope to stop losing money "at some point during H2 2023-H1 2024" |
Lol..good luck |
Pretty dreadful results. I think I will get my £1 today |
Horror show results just out. But at least they are trying to dress the mutton up as lamb :-) #waffle #lossmaking #dumpthedog |
T. Rowe Price --- selling some of their holdings down to below 5%. They must have taken a large hit on that stock as likely bought them at 400 IPO... |
Well I wasn’t wrong there..
Buywell46 Jan '22 - 09:12 - 524 of 622 Edit
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Good trade, but this is a falling knife. I don’t ever see it making £100m a year to justify the current valuation. |
HTF did they get that placing away - absolutely scandalous. But, no-one cares about that of course. |
Well I stuck my neck out and said 30-40p would be about right and I'm sticking too tat as it is still falling. |
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