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Deliveroo PLC, down 4.5% at 116.40p, 12-month range 80.00p-149.40p. Germany's Delivery Hero SE late Tuesday said it sold its entire 4.5% stake in UK food delivery peer Deliveroo, raising GBP76.8 million. The Berlin-based delivery platform said about 68 million Deliveroo shares were placed with institutional investors at GBP1.13 per share. The accelerated bookbuild was run Barclays Bank Ireland PLC, Goldman Sachs Bank Europe SE and Morgan Stanley Europe SE. Delivery Hero said it has no remaining Deliveroo shares, adding the disposal shows its "commitment to disciplined capital allocation".
Unsubstantiated, misleading, misinformation, with meaningless analysis of invented facts that simply do not exist other than between your ears! Investors need to be aware of the quality & veracity of any post by you!
Getafgrip
Ok 3.90 that makes it all the worst, What ever has been done with all that money apart from funding the management.
And now they want the shareholders to dig deep and fund them yet again. Beware
G2BH,
If you are genuinely trying to "prevent innocent beginners from getting fleeced" it might be beneficial if they are presented with the occasional fact on which to base their decision-making!
The Deliveroo IPO flotation price was at £3.90 per share. You will not believe me so please check what the FT stated on this:
https://www.ft.com/content/8e4f7b6d-65fe-4bef-8d4a-ab0906b00bde
Why do they need to raise funds? Their last IPO of 2.09 went down as the worst in London's history
See @baroninvestment post on twitter and his reply tonight
One of the large shareholders is getting out
Take your point, it should have read at these prices.
On the 27th September you stated "Not a company I would invest in."
Getafgrip
Thanks for stimulating my lonely brain cell, at least someone has tried to answer the post I left 27th Sept albeit not
not altogether true. You haven't answered most of the points I made. Just made some up.
Where did I say I didn't hold or wouldn't be buying any shares? I could be tempted if they were on par or less than their
NAV but not until. You say "At this relatively early stage they are not paying dividends" they where founded in 2013.
You say "Instead of cutting and pasting the same clueless, unsubstantiated drivel repeatedly until you are given a new script! " I repeated one question.
If you are as intelligent as you purport to be you will see that I am trying to prevent some
innocent beginners getting fleeced.
G2BH - You say that you will not be buying Deliveroo shares! You say that you do not hold any! You have no idea relating to the dynamics of a growth company! So why are you continually trolling a company that you claim to have no interest in whatsoever?
Instead of cutting and pasting the same clueless, unsubstantiated drivel repeatedly until you are given a new script! Why not inform the thread about what you would expect from a growth company, as opposed to say a frying pan manufacturer in Sheffield.
Deliveroo are pursuing growth in a relatively new market space. It is about market share, critical mass compared to the opposition, exploiting new market opportunities & cost of customer acquisition etc etc. At this relatively early stage they are not paying dividends, and you obviously have not got the vaguest clue why!
Against a difficult economic backdrop for delivery businesses, Deliveroo announced for Q4 2023, GTV for the Group of approaching £2 billion, including GTV up 7% for the UK & Ireland of £1.097 billion, and state they closed a successful 2023 with GTV in line with guidance and adjusted EBITDA slightly above the top end of the guidance range.
You will need to look up EBITDA, because you obviously do not have the slightest intimation of what it stands for, or its purpose! You say what are you missing! I would suggest it might be something to do with providing company for a very lonely brain cell!
G2B
Just read you previous post. Will go back in on the next sell off but in no hurry. Your post on 27th missed the travel of almost 40% upwards which was nice to be a part off but tend to be cautious with this one.
May yet be £2 but prefer to enter lower or leave it for others.
Being manipulated up, mind you don't get your fingers burnt
Heading sub £1 perhaps but will buy around there.
MaryBr190
I left my views 27th Sept but was shouted down. Still hold these views for what they'e worth.
Trimming on any spike but disappointed with slowing growth.
On Deliveroo, Jefferies believes the market is too pessimistic on gross transaction value and earnings growth. It added: “We think 2024 will confirm Deliveroo as a quality growth company with equity free cash flow ramping vertiginously and a net cash balance sheet.”
With Deliveroo suitably capitalised to fund organic growth, it believes management may undertake another return of surplus capital after October’s tender offer at a 20% premium to the undisturbed price.
Sold out on the rise but missed the peak 148/9 and this is now below where I excited.
Are the fundementals still intact for growth ? Seems like a good place to pull the trigger again.
Any views?
Buy sell avoid ?
For a bit of hubris, reading the broker ratings from get-go is fun.
Mornington-oz
Makes you realise who the only winners were in that deal.
We are currently trading at half the price we were at this time 2 years ago and way below the 390.00 IPO price.
About time this re rated, been stuck in the doldrums for a while but 10 percent of shares cancelled, £1.50 be seen no no time. £2 by Christmas. Happy days
I bought Deliveroo shares in the first offer I have received details of the tender offer, can someone explain the details in layman’s terms please. I am one of those people that gets drawn into buying shares thinking it is a simple procedure so I apologise for the post and request NO negative replies
I am not asking for recommendations just a simple explanation
Thanks
Broker Upgrade - Alliance News today:
Goldman Sachs raises Deliveroo price target to 162 (161) pence - 'buy'
DELIVEROO PLC has announced a proposal to buy back shares by way of a Tender Offer.
The Tender Offer will be implemented by way of a Dutch Auction. Shareholders have the following Options.
Option 1: Tender their shares at a Strike Price yet to be determined by the Company.
Option 2: Tender their shares at a price between 115 pence and 135 pence per share. Prices must be specified in increments of 5 pence per share.
If you elect for Option 2 and do not quote a price at which you wish to tender, we will tender your shares at the announced Strike Price. If you quote a price outside of the specified price range or input incorrect increments, your election will be deemed as invalid.
Valid tenders may be subject to scaling back at a basic rate of 12 percent. Tenders made above the strike price will be rejected in full.
We recommend shareholders view the offer circular on the company website available on: https://corporate.deliveroo.co.uk/investors/proposed-tender-offer/
How This Affects You:
Based on your holding of 754 DELIVEROO PLC shares on 03 October 2023, you are entitled to tender up to a maximum of 754 shares.
You Have The Following Options:
1 Accept the Offer and tender any or all of your DELIVEROO PLC CLASS A ORD GBP0.005 shares at the strike price.
Tenders may be scaled back.
If you elect to tender any or all of your DELIVEROO PLC CLASS A ORD GBP0.005 shares, they will not be available for you to sell or accept any other offer unless this Tender Offer does not go ahead, in which case we will notify you.
2 Accept the Offer and tender any or all of your DELIVEROO PLC CLASS A ORD GBP0.005 shares at a fixed price up to the maximum price per share.
Tenders may be scaled back.
If you elect to tender any or all of your DELIVEROO PLC CLASS A ORD GBP0.005 shares, they will not be available for you to sell or accept any other offer unless this Tender Offer does not go ahead, in which case we will notify you.
Important Information & Other Key Dates:
On 28th September 2023, Deliveroo PLC announced their intention to repurchase up to GBP250,000,000 of its shares from Existing shareholders by way of a Dutch Auction.
The purchase price paid for each share successfully tendered will be based on the number of shares tendered and the prices specified by tendering shareholders. Deliveroo will determine the lowest price per share within the range that will enable Deliveroo to purchase up to GBP250,000,000 of shares. All shares tendered at prices higher than the purchase price will be returned to shareholders.
Please note that Dutch Auction may be subject to scaling back (reduction in number of shares tendered). As your Deliveroo shares are held through a nominee, all elections to subscribe will be treated on a nominee level and MAY therefore be subject to scaling back to a greater degree than that of an individual shareholder. Any scaling back will be made in accordance with the instructions from Deliveroo a