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Took the hit and sold my disastrous ipo punt. Like the brand but can’t see how they will reach breakeven and beyond with all the inflationary pressures.
There may be some scope for a quick few % here in the coming weeks, not sure what will happen longer term though :)
Sold out on this small spike. Had a punt at below 110p so just a little profit but I agree this is dire. No wonder the instits refused to buy in the Ipo. Those who bought are about 60 per cent down and with such losses and a slowdown on the way.....they say.... I do not see any reason to buy here. I cannot even think what the price could be in the next year or so but a 90 per cent loss on the launch price would not surprise as these losses pile up.
"Takeaway delivery specialist Deliveroo has revealed that its losses ballooned last year as it pumped more cash into its rapid growth plans.
The company posted a £298 million pre-tax loss for the year, compared with a £213 million loss in 2020, but stressed that it has a long-term plan for profitability.
It told investors on Thursday that it aimed to reach breakeven in core earnings in the next two years.
The group said its heavy losses for the past year were driven by significant investment in marketing and technology improvements as it sought to keep momentum after being boosted by pandemic restrictions.
Deliveroo reported a 67% jump in transaction value to £6.6 billion in 2021, driven by a 73% increase in order numbers.
Nevertheless, the firm predicted a slowdown in transactions over the current year, as it expects a rise of between 15% and 25% across its platform.
Revenues for last year increased by 57% to £1.8 billion, driven by the increase in sales transactions.
The group said it benefited from further strength in its UK business, where orders increased by 72%."
https://uk.finance.yahoo.com/news/deliveroo-says-reach-core-earnings-071928253.html
On marketing. Are they mad
The results and outlook are simply awful, the fact they are guiding to 2026 before they achieve 4% adjusted EBITDA profitability shows how little operational leverage they have.
Picking one thing out, the 170bps reduction in take rate is a serious decline & cost them ~£112m in gross profit, at 27.5% it still seems very high given the generic business nature of ROO. I suspect it’ll be close to 20% by 2026 if not below. That is a serious headwind for a ‘growth’ company!
Avoid like the plague in my opinion.
I think the SP is at the right level or will fall as FY 2022 guidance poor. good cash position maybe the saviour but something tells me not.
If results were bad that would b like inside tradind. Surely is good so no suspicious etc
Would you sell before results?
It will reinforce the Q4 Trading Update released on Thursday the 20th January 2022.
Hopefully it will confirm the stunning year-on-year growth, debt level & policy, forecast of achieving profitability, & future strategy. The shares should strengthen from this very low level, but any slight disappointment in the figures & it will not be well received. Deliveroo needs positive consistency right now.
Do we expect a rise or fall
Release on 17th March 2022
1 trade gone through, you know what they say that means…..
These were nearly 400.00 only a few months ago, seems massively oversold now.
Amazon takeover at what price though?
over a £1m bought and only £300k sold
Sneaky sneaky
Up she goes all the way to 150
.
Barclays initiated coverage of Deliveroo on Friday at 'equal weight' with a 165p price target.
The bank said it likes many parts of the Deliveroo story: grocery positioning, Plus subscription, London market share, sustainability of post-pandemic growth, incentivised founder-led team and the broader customer proposition.
"We believe there is value. So why initiate at equal weight? Clear catalysts are needed to push 'concept' stocks right now.
"All three Euro food delivery names are cheap and our ratings relative. For Deliveroo, we are slightly below consensus EBITDA in '22E and '23E.
"And, although the asset might well be strategic at some point, it isn't our base case that Deliveroo-specific M&A happens near term."
Barclays' preferred name in the food delivery space is Just Eat, which it rates at 'overweight'. It said the company is "definitely operationally messy but also cheap", a bit closer to break-even and with a higher chance of a portfolio-related catalyst in 2022.
T. Rowe Price has been selling down their holding to 5.00%
Not sure what exactly makes them to short these shares at such bottom.. surely such fund should have shorted it when doordash agreement collapsed.. obvs it can go lower from here.. (there is strong support at 0).. but there are signs of bullish divergence on daily chart.
News out that Marshall Wace have initiated an £11m short... Suggesting they think it could fall a further 40%.
First of all, an £11m short is not exactly huge for an institution. Shows they're not certain that this will pay off.
Secondly, I saw a comment on the article which said Marshall Wace are rarely wrong. I'm guessing they didn't know that Marshall Wace bought a significant holding in THG at 180p. Now look at that share price.
I'm slowly adding here, and if it does drop 40%, I'm going all in. I use deliveroo all the time. Buy what you know.
Oh dear another drop
Gloucester for your information, anything under £1 gets classed as a penny share. Its not far off now
Everyone: how much lower can this go?
Shorters: hold my beer.