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The positive news is in the detail of this award-winning dog stock:
"'I'm particularly pleased that the Company reached adjusted EBITDA profitability in the second half of last year."
You can't get worse than ROO with net investors who must be out by now... its a shocking affair. I can now see some potential light at the end of the tunnel. So I have added my first investment today after watching this train wreck from IPO! My other dog stock Yu Group PLC did extremely well and sold into AO.
Look out for more dog, blown out stocks. Its the only way to really mak money.
Cracking RNS, still such a long way to go though to get back to the IPO price.
When this blows this will blow BIG. HOLD4GOLD.
No chatterboxes here this morning when the going finally gets better! imho of course :-)
Looking at the past balance sheets of both JET (Just Eat) and ROO.
Plenty of revenues but negative margins even during the pandemic.
Where do we see profits combining from and will margins always be tight?
Love the net cash position here, but that's all I love right now.
Clear potential with financial improving but seems to rise 15p and drop like an anchor on small sales…. I hope the “£1 soon” prior posts delivers true ohhhh!
Perhaps this week.
Good to see ROO addressing the headcoulnt numbers as in covid many companies hired to meet demand. Will go straight to the bottom line and as such seems to be why the SP staged the recovery of the lows in an otherwise down trend.
More to come.
Sharecast News) - UK fast food delivery platform Deliveroo said it broke even in the second half and would post better-than-expected earnings.
The company on Thursday said its annual earnings margin coming in at a better-than-expected minus 1%, compared with previous guidance of -1.2% to -1.5%.
Fourth-quarter order gross transaction value (GTV) increased 6% to £1.8bn with item price inflation offset a 2% drop in order numbers.
Chief executive Will Shu hailed what he called "significant" improvements in profitability whilst also still delivering growth in a difficult macroeconomic environment.
"Amidst an uncertain outlook for 2023, we remain confident in our ability to adapt financially and to make continued progress on our path to profitability," he said in a trading update.
It said it had increased its share of key markets such as Britain, France and Italy in the year.
GTV rose 7% for continuing operations - excluding the now exited markets of Australia and the Netherlands - and 5% for all operations, within the guidance range of 4-8% growth.
Fourth-quarter GTV for continuing operations was £1.8bn, up 9%.
"Amidst an uncertain outlook for 2023, we remain confident in our ability to adapt financially and to make continued progress on our path to profitability," Shu said.
I thought there may be a markdown due to USA - seems UK is dirt cheap.
Added sub 90p recently as this one is underwater but this may fly towards 115p today if the market was steadier.
Direction is looking good and the ads for the grocery deliveries with Asda Morrisons and Co-op seems to be a good bolt on.
Shouldn’t be any dip, I’d say that’s a pretty decent RNS.
Buy any dip.
yes expect to say on track, Aus done and dusted and strong qtr and on with the plan
Strong update today for Just Eat, hopefully we get the same here tomorrow and break past 100
Hope it breaks out of the 80-98p range on the upside.
Picked up a tranche at 91p to play both ways. Crash and add, spike and sell.
GL all LTH
Broker rating one year ago was 390.00, shows how accurate they are.
With firm action being taken on the economy I'd say we are at the bottom. Budget to come but Deliveroo appears well place to move up from here.
Looking good but was there a reason for the increase other than stability from a new PM in the UK
Still a long way off their IPO price (around 390.00).
Based on a very solid update but little movement so far.
We shall see...
All IMHO DYOR
Happy
Surprisingly good guidance on ebitda, which is highly enouraging. Bit lighter than expected on the top line but that's no surprise in the current environment and still a good result.
I think they're well on track for ebitda breakeven next year and somewhat earlier than previously forecast based on these figures.
Underpinned by a huge net cash position of c.£1.1bn, which accounts for almost 75% of the current market cap.
I am also a regular customer and, in general, I am pretty pleased with the service.
All IMHO DYOR
Happy
Last week rose strongly against the market sentiment, perhaps falling to get back in line with the bunch. Can’t rise indefinitely while Nasdaq falls. Slippery share. 77p year low hit twice then strong recovery.
Strange fall today on no news. Either market makers lowering price to fill order or a large seller?
Strange fall today on no news. Either market makers lowering price to fill order or a large seller?
With cost of living crises in U.K. people will stop having pizza etc deliveries. Plus restaurants will have to put up prices of food delivered as they are not protected by energy price cap. People will be asking do I hear my house for 2 days or have a pizza delivered.