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Directors selling themselves says it all!
Nice.
IPO was 390p - fair value here is probably 30p in these markets.
I would forget the IPO - we are in a whole new market environment , those high Tech days have gone for a while yet ...probably wont return to that level until the FED brings in the next QE printing back !!
JPM taking advantage of sellers!
4 me, add as much under 100p.
IPO was 300p!
DYOR as always.
ROO's trading announcement last year was 8July and interim results 11 August....
does JPM have prior knowledge or just stuck their collective finger in the air?
" JP Morgan with a target of just 81p. Why only in December, they had a target price of about Ā£4 per share"
they get you to buy when they want to sell...and get you to sell when they are starting to want to buy
The idea that JPM have your interests at heart are absurd ...what they tell you and what they tell their paying clients are two different things
You're right about the pessimistic downgrade from JP Morgan with a target of just 81p. Why only in December, they had a target price of about Ā£4 per share. By the time this December arrives, we could be looking at an SP of a mere 20p. Not unlikely given discretionary spending in these dire inflationary times are due for a massive decline. I would not be at all surprised if Deliveroo's shares will be given Junk status by then. The danger here is thinking they are so cheap now but the reality is that by piling in now,you could easily still lose 75% of any new investment in these. AIMHO.
Very volatile. Repeatedly bounces off 80p and then climbs +5% within a few hours. Is this just what happens when a stock is so beaten down? Fast fingered city boys must be making a mint at their trading desks. Another downgrade though today.
Should see this over 100 in coming days ... New Director will buy some and build confidence
it is model I am talking about Deliveroo charges restaurant/takeaway/shop 30% of total food, plus delivery. Restaurant/takeaway passes that onto customer and as a result sometimes customer pays 50% more than actual price. This system worked and boomed during lockdown but is not working anymore. I know from first hand experience than no of deliveries that uber/deliveroo used to do is decreasing day by day.
"as people find it more expensive to dine in."
interesting point.... come this winter we may have restaurants or dark kitchen just doing 1-2 meal options on the menu to reduce waste and keep costs down and reduce chefs
...and serving up a lot of people at a reasonable price ...if the energy/food/fuel prices continue
...with takeaway on the back of it... a kind of upper market version of a soup kitchen
There "may" be some consolidation within the sector late 2022-2023
actually key measurement is employment. as long as there is demand for employment the deliveroo model would succeed.
inflation might actually drive the takeaway business as people find it more expensive to dine in.
seems to be worried about inflation and it would be interesting to see if deliveroo can grow under these circumstances. In my opinion buisness model is not sustainable and major delivery players who gained a lot of buisness in last two years are losing it quite fast.
Lots of shares are red today but this one is blue!
Given up on experts for over 10 years when these experts on magazine gave opinion on certain share I held to sell at 150p! It had come up from below 100p! It went to around 6500p and currently is at 4000p!
Same with buying advise and shares gone bottom or company gone burst.
So with my own research doing very well!
I have been adding below 100p as only 120p gives me nice 20%+ profit.
100p broken now!
On the technicals Hitting the 50MA Ā£1.04 will hopefully give ROO the next leg up towards fair value.. IMO DYOR
Still only trading at a quarter of where we were 10 months ago
āhave your obesity drugs and Big Macs delivered together, what's not to likeā?
Ruined me @katnip brilliant observation. This will rerate in time. Iām in low 87p so put in bottom drawer sentiment will change & ROO is the best of the bunch & by far the most innovative. Ā£1.1Bil Cash in the bank so no worries I can wait. IMO DYOR
if JPM doesn't like ROO because it won't turn profitable until 2024, perhaps they could explain their ratings for various US and other tech stocks. I am happy with ROO's tie-ups , esp. pharmaceuticals....have your obesity drugs and Big Macs delivered together, what's not to like?
The last time I remember seeing a JP Morgan price target was Alibaba to $65, two days after it went up 50%.
Understand the game and don't believe anything these manipulators tell you.
Fools rally? Sorry. Iām the fool, cos I missed it.
Quoting from Saturday Times market report. ā Marcus diebel, analyst at jpmorgan said that although deliveroo had a healthy balance sheet and net cash of Ā£1.1bn , itās name āscans unfavourablyā given its lack of profitability. He said;
āProvided that Deliveroo will only likely turn profitable in 2024, we see limited scope for outperformance in the short termā. In other words for you and me, how long will this fools rally last and if we buy today and the market tanks again during the summer how long will we be unwilling baggage handlers?
not sure why JPM decided on new target of 94...were they in the selling group?!?!
ROO isn't JET , with all their issues.
Hopefully Ā£1.50 soon