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I believe drug dealers already operate that model, allegedly :)
It's not comparable, this is why I say many people are misunderstanding what's happening
Collectively these businesses and the new ones like Getir etc. are buying small dark distribution centres in every town and many across a city
As a generalisation, in those centres they make own brand pizzas/kebabs, store groceries, FMCG items and lots of most popular consumer products like Levis, Apple etc. -- it's not just about ordering a quick takeaway any more
They can deliver in 15 minutes and for free if you're a member
So at 4.45pm you can order clothes + milk + dog food + hot take away on your phone and it's in your office reception moments later
Royal mail can't do that, neither can Amazon etc. but these firms are building all that today
Once consolidated this new industry will be bigger than all the current retail players
Royal Mail/Post Office already has the systems & structures in place all over the country, they just need to offer faster services.
Someone posted AWE. Seems it's AWEful! there! LOL!
Attempted £3.05 this morning twice before algo’s kicked in. Volume is high today so I suspect if 3.05 goes then we’ll be at 3.20 before the end of the week.
There is a lot more going on with Deliveroo, Just Eats, Door Dash, Delivery Hero etc. than people seem to understand
They are hiring 1,000s of developers and building massive last mile infrastructure beyond what is obvious -- with many new players on the way like Jokr
The final infrastructure with 1,000s of dark sheds across every small town and vast software platforms -- not only delivering hot food but toothbrushes, jeans, milk, even iPhones to any populated location in the world in 15 minutes is going to transform retail
In 4 years going to a super market for groceries and waiting 24h for an Amazon delivery will be something your dad did -- it will be the norm to just order what you need every day with free delivery as we'll all be on Prime type monthly payments to the winner
This is going to be a hotbed of growth and consolidation -- the winner will be bigger than Amazon or a much bigger Amazon than it is today
Great results. It’s just keeps on growing and keeps increasing guidance. Hopefully back to £4 very soon.
Nice
303.00 ask
Excellent RNS
Results RNS
This is the same JP Morgan that was involved in the IPO and valued the company at 8billion. Bunch of crooks. I suspect the share price will continue to fall. Not much volume at the moment so I don’t see a major rise anytime soon. However the company is doing better now compared to 2months ago when it nearly hit £4 so I can’t really explain the drop.
Not Looking Good Going Forward,,,JPMORGAN CUTS DELIVEROO PRICE TARGET
I think it’s more to do with the general sell off in tech shares. Roo have actually beaten forecasts, set up roo hop and signed agreements with, Boots, Amazon, Aldi and Morrison’s. They are on a supper growth charge and as longs as that keeps GTV increasing which I believe it will then this should recover. Markets down big today and roo actually performing ok.
They are sitting on 1.6 billion cash so SP I think may hit 2.50 short term but £2.00 I don’t think so. If it does I’ll be selling my oillies to double up here!
Can’t understand the drop from £4. Crazy selling at the moment. Looks like 2.50 will be hit this week. Could even go lower.
Supply chain issues,, hmmm ??,, insiders able to bale out,,
I think it's lockup expiry day, insiders selling off probably.
Can some explain why the big drop today?
Yup, this is being dumped now. Should have waited before jumping in with my second buy. Still got cash to to average down but will wait it out now as I’m not willing to put more in when share price is in free fall.. Admittedly I didn’t judge this one we’ll at all!
3.05 needs to be cleared today. We have the 8EMA, 100EMA both at this price. On the hourly chart the 50EMA is at 3.05. It’s looking oversold and it’s had 2 attempts now to break 3.05 and it’s been dropped back down each time. The downtrend will continue unless these are cleared. Then I’ll be looking to add at 2.50.
Looked good below 3 yesterday and sp did touch 3 . So jumped in when sp went down a bit. May be one of my best buys in going forward.
Even experts were not writing good things on Ocado at 300p I remember. Then I use to take their advice and invest. Look where sp went. Only after I started selecting my own shares I started making money.
Dyor.
I thought that at 3.18 and 3.05 but it kept dropping. I’m not sure all the selling is done yet. We need to break 3.05 before I have confidence of the move back to 3.50+. Locked in holders now selling their shares may keep this down for a while longer. I’m holding out until I see some momentum to the upside.
below 300p.
Yes maybe this is correct. However there has been a sting of good news recently. Delivery Hero buying shares, Amazon partnership, now partner with Aldi. All of this should be adding to growth. They have plenty of cash so I’m surprised to see it drop from £4. Frustrating but the bottom must be close now. I