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Do you really think all of these quick delivery companies are going to just dissappear? And all these restaurants and retailers are going to go back to the hassle of individually hiring their own delivery drivers, vehicles etc? I suppose it's possible but I don't see it happening. As I've said, deliveroo is already profitable if you take out the marketing budget, I think it's just a question of when they become big enough to be profitable overall.
And a lot of their most popular restaurants were shut during lockdown which impacted sales.
Interesting but why should 135 be the bottom here? I'm not sure I can see any reason for support at that level and tbh certainly not for the 2.5 billion mcap. Just saying.
Agree Goose. Just because brokers listed Deliveroo at £3.90, a lot of investors subconsciously think that is the level the stock will return to at least. The sad reality is the founders probably couldn't believe their own luck and sold out, leaving PI holding the bag. Roo was still loss making when restaurants were shut - says it all. There is now so much competition, every week there's a new delivery service/q-commerce platform emerging.... I can't see where the turnaround is supposed to be
I look at roo price chat every so often to see the comments. I never bought any shares in this, I don’t buy into companies that don’t make profit or those that never will! I don’t understand why investors think this company will ever make money. It couldn’t make money in a pandemic (I believe) when people (a captive market) we’re stuck at home.
The original owners saw an opportunity to get maximum value for their investment during Covid storm and are now sitting on a beech somewhere smiling at their good fortune a virus came along.
I think it will rebound at 135 mark tomorrow afternoon. I don't believe it should go any lower and with decent enough trade volume it should bounce back
How low this will go?
The Only way is UP!
Reason for the drop, probably ...
https://www.cnbc.com/2022/02/10/delivery-hero-shares-plunge-on-disappointing-2022-earnings-guidance.html
I think at 50% of the float price this a good entry point. I am a customer and rate their tech as the better tech in the sector. I like the plus offering through Amazon, and their 12% stake means they have some stake in the game. As always a small initial investment in a falling knife scenario.
Can see this recover before close of play...
Sales in my restaurant on deliveroo order are up 170 percent. 60 percent of weekly takings is from deliveroo only. We extending our kitchen to accommodate deliveroo orders. All i have to say
I always thought the lunch break was a break from work place claustrophobia ....
Celebrity investment....??? Zapp big in Monaco/Switzerland?
https://www.cnbc.com/2022/01/28/lewis-hamilton-invests-in-rapid-grocery-delivery-start-up-zapp.html
Katenip
Maybe 6 people in the office or construction site order for lunch or tea break and its there without them having to waste part of their break going there and back to fetch it
The SP is not proof they can't compete. JET share price is also at an all time low and continues to slide. Deliveroo have been eating into JETs Market share for years. I think the issue is do investors believe the home delivery industry is here to stay for the long term and become profitable, if you do then this is a great price.
bad news losing aldi? delivery contract, but Roo has 70+% of UK...gettir and gorillas will have to work hard and v cheap to compete with that. Small point about q-commerce...exactly how necessary is it? I would be interested to know who uses this and why? If you live out of town, there is no way, they will get the stuff to you in 10 minutes..if you live in town, you will get it faster at your local corner shop. Think Too might profit from the back to work brigade...too tired to cook after commute etc.
teawithsugar,
you would be daft if you thought ROO and Hero were going to sit back and let the Q Commerce slide out of their hands
https://www.retail-insight-network.com/comment/deliveroo-boots-partnership-q-commerce/
https://www.deliveryhero.com/blog/quick-commerce/
Roo has missed the boat. Food deliveries have moved on to Q-commerce now. Consumers want things immediately within 10-30mins. Gorillas and Getir are expanding massively to meet these demands
Evidence is the SP performance pal. Someone is selling. This has still a long way to fall before it stabilises. One for the watchlist but staying well away!
Where is your evidence that ROO cannot compete? Their international segment has grown 36% in the last year.
This is still a relatively new industry, I don't know why people would expect big profits already, the focus is clearly on growing first, which the figures show they are doing. I see no reason why Amazon would surrender their position in this growing market, they will continue to offer promotions like deliveroo membership with Amazon prime, JET has nothing that can compete with Amazon's reach.
Looking at Q1 to Q4 figures, GTV is pretty much consistent. In fact I think Q1 was slightly higher than Q4. ROO is established in the UK along side JET, however it’s international performance is poor. It’s all about consolidation and ROO just can’t compete against the bigger fish. Just because Amazon is a share holder doesn’t mean they will continue to back the company. JET GTV is 28bill and it’s coming after the London market. It be interesting to see if ROO can hold its position. The whole industry is loss making which shows the business model needs to change. Hence the stampede of investors and the big drop in SP of all the players in this field.
And gross profit doesn’t taking into account administrative expenses, what it cost to run the businesses! ROO although better than most still only makes 7.5% of GTV which is not enough to cover marketing and growth. Hence the burn rate!
If you take out their marketing budget Deliveroo already have made a profit.
Some short term thinking going on here, looking years down the line I think this will look like a fantastic price. The technology will only improve further and the tie up with Amazon gives ROO the edge.
The problem for these delivery companies ...is the fact that now the drivers want higher fees but the clients are price sensitive towards paying anything more....and the restaurants are squeezed on profit margins given food and labour costs are up...
..plus..competition is strong in all their markets
" ROO still never made a profit"
Gross Profit in H1 was up 75% to £263.9 million
....but...they then use that Gross Profit to invest in the business which then takes them into a bottom line loss..
They do that deliberately....invest profits now to build up the business ...pay little tax or build up tax credits on the losses
problem is, even during the pandemic.... ROO still never made a profit despite all its competitors being shut during lockdown
Still not dipping my toe in here. Was lucky to get out of JET with a small profit. Not sure how to value any of these types of stocks anymore. ROO seams to be doing things well. But market is punishing loss maki g companies any the moment. The drop here has been brutal. Not much chance of it getting back to its highs unless it’s bought out.