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thought can’t go lower now in red £3400
" I wouldn't want to write the insurance on this class of business."
haha yeah...or the Pet Insurance - "my dog broke the Delivery Drone " - lol
problem of drones usage// robot taxis...legal liability falls with Amazon/Uber etc. and they have to buy the equipment. I can't see Uber going for robot taxis when they have drivers, with own cars paying them a healthy kickback for use of the technology. As for drones, Alphabet's Wing is in Finland, Australia and USA...largely unpopulated countries. Can't see this working in most of UK. I wouldn't want to write the insurance on this class of business.
Alphabet announced their 100,000th drone delivery in August 2021, so there is a lot of pressure to develop drone delivery across the whole delivery sector. Probably, robots don't complain about pay and conditions yet - so a big incentive here!
Can't help thinking that Deliveroo might well tie in with Amazon's delayed Prime Air offering when it becomes available.
I wonder if ROO would ever expand into Drone Delivery ? ..like Walmart etc does
Some drivers waiting 20 min for order or longer. Very weird. Never seen it before. Also they dont make ‘boost’ no more. Before was busy all time so boost was always on fridays etc. i know from first hand. I think because of summer and negative news etc. deliveroo slowing down but i still think its ‘amazon’ of food delivery. Much better than others
" I like they now offering Pharmacy prescriptions delivery as this is a big deal for mums & elderly2
seemed like a no-brainer to get involved in...
I suspect a lot of Wagga customers have Amazon Prime and use the Premium Deliveroo for their food deliveries
RTN is well run....but of course general economy is a bit wobbly
Brilliant news to get Maccas. My favourite hangover cure! ROO the best of the lot in the market & ahead of everyone by miles with innovation. I like they now offering Pharmacy prescriptions delivery as this is a big deal for mums & elderly.. A friend works In Little Waitrose says it’s booming & some very big £100+ orders come through. I was at Wagga the other day & ROO must have picked up 40+ orders in an hour!!! RTN worth a look. ROO oversold Big rise coming IMO DYOR
Deliveroo PLC and McDonald's Corp on Tuesday unveiled a new long-term global partnership, which will see the fast food chain become available on Deliveroo in the UK during the second quarter of this year.
"Expansion of the partnership to the UK will help McDonald's continue to meet consumer demand for delivery while boosting choice and selection for Deliveroo customers," said Deliveroo.
McDonald's is currently available in the UK on rival takeaway platforms Uber Technologies Inc's Uber Eats and Just Eat Takeaway.com NV.
The partnership is expected to initially cover a number of McDonald's UK restaurants when it begins in the summer, with expansion across the country planned for later in the year.
"We look forward to welcoming Deliveroo and their riders into our suite of McDelivery partners enabling us to deliver directly to more of our customers across the UK, so they can continue to enjoy their favourite McDonald's menu items," said Alistair Macrow, McDonald's UK & Ireland chief executive.
Shares in Deliveroo were up 5.7% on Tuesday afternoon at 99.00 pence.
Cheers for that, but it still looks like there has been NO buys at all from any BOD for about a year. Why when the SP is so low.
jedclampit
https://corporate.deliveroo.co.uk/investors/analyst-consensus/
Will Shu owns over 5% of the Class A shares...you may well be looking at the class B shares which dont have the voting rights
I have been following these for a few weeks now and still unsure what is going on,
Last night I watched a TV programme about Deliveroo on how they work and their costs/ charges and in all honesty It does look as if they cannot fail to make lots of money.
But then you look at the directors buy / sells / transfers over the last year and there aren’t any director buys at all by the looks of things, and even will shu who used to hold 116,810,841m shares now looks to only hold 170,800.
I does look as if the whole team of directors have lost their confidence in the business so it’s not surprising the SP has gone down so low. But are they still worth a punt?
https://www.aljazeera.com/news/2022/5/2/dubai-deliveroo-riders-strike-for-better-pay-and-work-conditions
https://www.aljazeera.com/news/2022/5/10/foreign-food-delivery-drivers-stage-rare-strike-in
https://mywallst.com/blog/is-deliveroo-an-acquisition-target/
Correction 2024 he loses his golden share... but may force his hand earlier. I don't see him selling to another food app either I think he'll get better value from a large tech co.
ROO have the best tech, the best partners and the best brand... the brand name is used as a byword now for deliveries even if it doesn't pertain to ROO (even the neg stories keeps the name in the consciousness) so I have confidence their efforts to get marketing spend into a more sustainable position as GTV continues to grow. I don't really agree with some of the comments around cold or lukewarm food, that's always been an issue with takeaways and most people are happy to use a microwave. I also don't consider it will be an all-out victim of tightening pockets as people, couples especially, will move from restaurant dining to takeaway for that reason as it's not very expensive for the end users of these apps. I bought back in to reduce my average down to 150p, happy to sit on it now until 2023 when Shu loses his veto on takeovers. If this drops to 75p I'm going again!
think JET has more questions to answer to get any market confidence
Agree Locky. There is nothing to suggest ROO will recover just because its dropped to the 80p range. I fear it has further to drop
Brave buy. I don’t see ROO, JET and UBER all surviving, and this would be my strong favourite to go under.
I disagree bought 30k @87p a good entry point I think as I’m looking medium to long term. I like the top line I like the diversity Waitrose WH Smith etc & I like Will Shu that’s good enough me. Obviously if you bought in @£3+ you may feel differently I understand that. Short term swings do not bother me as I see lots of upside. IMO DYOR
I took a small amount in the IPO due to the hype. I wouldn't touch it with a bargepole even at these levels.
£3.90 IPO price last year.... now 94p
what a disaster. Nothing to suggest a recovery anytime soon
I don’t think you will see 124 today and maybe never again, this company has never made a profit. We are probably going to experience a recession. People will cut back spending, delivered food will take a big hit.
Or one of the best ipo`s if you`re patiently watching and waiting to buy in.
IPO at 390p I believe... now almost sub 100p - which would make it officially a penny stock again! Not sure who came up with the IPO price... hope not too many got burned! GLA.