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Clear potential with financial improving but seems to rise 15p and drop like an anchor on small sales…. I hope the “£1 soon” prior posts delivers true ohhhh!
Perhaps this week.
Good to see ROO addressing the headcoulnt numbers as in covid many companies hired to meet demand. Will go straight to the bottom line and as such seems to be why the SP staged the recovery of the lows in an otherwise down trend.
More to come.
Sharecast News) - UK fast food delivery platform Deliveroo said it broke even in the second half and would post better-than-expected earnings.
The company on Thursday said its annual earnings margin coming in at a better-than-expected minus 1%, compared with previous guidance of -1.2% to -1.5%.
Fourth-quarter order gross transaction value (GTV) increased 6% to £1.8bn with item price inflation offset a 2% drop in order numbers.
Chief executive Will Shu hailed what he called "significant" improvements in profitability whilst also still delivering growth in a difficult macroeconomic environment.
"Amidst an uncertain outlook for 2023, we remain confident in our ability to adapt financially and to make continued progress on our path to profitability," he said in a trading update.
It said it had increased its share of key markets such as Britain, France and Italy in the year.
GTV rose 7% for continuing operations - excluding the now exited markets of Australia and the Netherlands - and 5% for all operations, within the guidance range of 4-8% growth.
Fourth-quarter GTV for continuing operations was £1.8bn, up 9%.
"Amidst an uncertain outlook for 2023, we remain confident in our ability to adapt financially and to make continued progress on our path to profitability," Shu said.
I thought there may be a markdown due to USA - seems UK is dirt cheap.
Added sub 90p recently as this one is underwater but this may fly towards 115p today if the market was steadier.
Direction is looking good and the ads for the grocery deliveries with Asda Morrisons and Co-op seems to be a good bolt on.
Shouldn’t be any dip, I’d say that’s a pretty decent RNS.
Buy any dip.
yes expect to say on track, Aus done and dusted and strong qtr and on with the plan
Strong update today for Just Eat, hopefully we get the same here tomorrow and break past 100
Hope it breaks out of the 80-98p range on the upside.
Picked up a tranche at 91p to play both ways. Crash and add, spike and sell.
GL all LTH
Broker rating one year ago was 390.00, shows how accurate they are.
With firm action being taken on the economy I'd say we are at the bottom. Budget to come but Deliveroo appears well place to move up from here.
Looking good but was there a reason for the increase other than stability from a new PM in the UK
Still a long way off their IPO price (around 390.00).
Based on a very solid update but little movement so far.
We shall see...
All IMHO DYOR
Happy
Surprisingly good guidance on ebitda, which is highly enouraging. Bit lighter than expected on the top line but that's no surprise in the current environment and still a good result.
I think they're well on track for ebitda breakeven next year and somewhat earlier than previously forecast based on these figures.
Underpinned by a huge net cash position of c.£1.1bn, which accounts for almost 75% of the current market cap.
I am also a regular customer and, in general, I am pretty pleased with the service.
All IMHO DYOR
Happy
Last week rose strongly against the market sentiment, perhaps falling to get back in line with the bunch. Can’t rise indefinitely while Nasdaq falls. Slippery share. 77p year low hit twice then strong recovery.
Strange fall today on no news. Either market makers lowering price to fill order or a large seller?
Strange fall today on no news. Either market makers lowering price to fill order or a large seller?
With cost of living crises in U.K. people will stop having pizza etc deliveries. Plus restaurants will have to put up prices of food delivered as they are not protected by energy price cap. People will be asking do I hear my house for 2 days or have a pizza delivered.
A significant factor in the valuation of Deliveroo is related to its level of market penetration. In H1 2022, gross transaction value (GTV) was £3.56 billion (that is a lot of pizzas), an increase of 7% year-on-year (7% in constant currency).
In a sector that many would expect to be flattened by the cost of living, energy, fuel crises etc it is still forecasting growth, albeit reduced & possibly not keeping pace with inflation. This could well be a star performance compared to many results we will see over the next year or two.
" But with a reduction in growth guidance from the previous 15%-25% to a new 4%-12%?"
I think the market already knew that growth wouldn't be met and had it priced in for lower already .. the margins are the key "look for " at the moment.....
" The Company continues to expect 2022 adjusted EBITDA margin to be in the range of (1.5)-(1.8)% as a % of GTV, an improvement against (2.0)% in FY 2021 and (3.2)% in H2 2021."
I think the fact that the adjusted EBITDA margin didn't deteriorate has helped
to retain drivers and due to inflation online orders have gone down significantly. Buisness model.is such that if a thing costs you £100 nornally you order it via deliveroo ane will pay £130 for it and have to pay delivery fee as well. That system is not sustainable in tough times like these. In order to gain more customers deliveroo and uber are offering free delivery and 50% order which is depleting existing cash reserves.
Yeah. This share had disaster written all over it from day one. Sadly people have been really badly caught out by believing all the hype.
Deliveroo still can't make money, after 9 years trying. The government imposed lockdown was a gift to them and they still haemorrhaged hundreds of millions of pounds. The only way they will make a profit is if they double or treble their fees and watch what happens if they try it.