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Deliveroo charges restaurants up to 35% commission per order, plus VAT. Great business model
Presumably the nothing nice to say comment was aimed at me. This is a share discussion forum, there would be little point for it if it was every saying "BUY BUY BUY" and all that would happen is lots would lose money. You need to consider the positives and the negatives.
There are loads of shares at the moment that are coming out of COVID and are having a massively positive outlook, shops opening, bars reopening, people going on cruises. This is the opposite, it had a good COVID and now the future is a little mixed. Will there be massive growth this year? Or has it had it's day and it will just join the ranks of other similar businesses.
I accept it isn't positive, but it's the reality. I think the price has now crashed enough and they'll be some positive gains. I have shares I bought into, I wouldn't touch any more. However if I did buy on IPO day and looking at some losses, I would try and average down on this as I think there is a bit of growth room.
Ordering a takeaway and saving yourself the petrol, etc. Is a good idea. It's been a good idea long before Deliveroo came along. I'm just not seeing the huge margins here, how much are they making per delivery?? 50p??
If you have nothing positive to say, then say nothing!!
So how many times a day do you lot all use Deliveroo? It comes to something when the growth of a business is linked to people who are too lazy but rich enough not to have to go to a convenience store. I'm sure these avenues were alright during lockdown. They might do OK in London, but can't see many people in Warrington bothering or paying the premium.
I reckon at the current level it's a decent price and has bottomed out, might rise a bit. But as the UK opens up, the next set of results will probably show a considerable drop in growth (I would imagine)
The delivery agreement with the Co-op started in 2019. In August 2020 it was announced that it had been expanded to cover 400 Co-op stores across 128 UK cities. This was barely mentioned in the IPO debacle.
I see they are now into delivering food for the CO-OP and this diversification can only be good for this business. They advertised it today on TV..
Maybe I am wrong, who knows? It's my feeling about the shares and the general trajectory of them.
I think you might be wrong about the Chief Exec of Next, the info above here says he is declaring 3m shares, who knows when he bought them or even if he did, maybe they were his fee when he joined the board. You also don't actually know how many shares he dumped on the market and how much profit he made. All you know is he has declared 3m shares when the IPO happened. Doing the IPO the way they did, you've no idea what he or any of them did.
Either way, if he did buy them on IPO day, he's lost a fair amount of cash alongside everyone else.
They might get back to what they paid for them, but the general mood of the nation is to give Deliveroo a bit of a kick, the share price is just one of those things and a failed IPO (that will be quoted every time there is a new IPO) is a good news story. All I read is articles about why it failed and the general risks of these non profitable "big tech (lol)" companies.
Money to be made, it'll certainly go up. My advice if you bought in at the start is to start buying and averaging down (if you can afford it). Try and get out with some sort of profit.
Could be completely wrong of course. Maybe within six months everyone will be ordering six Deliveroos a day and on that day they'll announce 18 bike delivery men were killed but the courts will declare the delivery drivers as "volunteer cyclists" and the company will declare £3 of profit, and the share price will limp above the opening.
I think you are wrong Jockosjungle.They sold all the shares at the issue price you are right that some thought it overpriced but not to the extent that the share price is currently trading.The Chief Executive of Next who is now a Director of this company bought three million shares in the offer so must have thought it was a good investment.When his father bought into Next thirty years ago the share price was seven pence and now it is just around eighty pounds.I am sure quite soon this share will be over three pounds