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This is the US market moving heavily away from Tech & especially non profit tech & this is filtering into UK. Nasdaq tanking talk of Superbubble deflating as stimulus is pulled back & interest rates rise. Do not kid yourself SP movement is nothing to do with ROO the SP should be much much higher but these are not normal times. Just out of interest I was in Wagamama Borough Market last night with Mrs for about an hour & approx 70 takeaway orders collected by ROO in 1 hour! WOW. (I will also be buying RTN). The results were amazing definite buy but SP may take time to get to where it should be. Long term
Will Shu flogged a dead horse, ridiculous valuation. Do not see this share recovering.
remarkable to think ROO had a $10.5 Billion valuation just 9 months ago in the IPO. Retail investors got stiffed hard on this one
In addition, a 10% slump in a mere 2 days following results. May have a small flutter when it's down to 50p. I reckon that's a distinct possibility given that institutions are shunning it's gig economy model.
Am I the only one who thinks the rise today is slightly pathetic...we've been slaughtered around 60% down from IPO price, we finally get excellent news and strong forecasts, and it rises a lame 2%...underwhelming :\
Absolutely stunning results, with all significant metrics heading north & up 3-4 pence a share, not even half-way to Deliveroo's high for the year.
"For 2021 as a whole, gross transaction value rose 67% to GBP6.62 billion on a reported basis. At constant currencies, gross transaction value rose 70%."
The MM's have to be joking with their response to these results! What is their agenda?
Way oversold, market is slowing waking up!
Back to 2 pounds....amazing results...
70% GTV is top of the previous estimate provided. The growth here is phenomenal so expect a big rise here today.
market will focus on 5% decrease in GTV..... it's going down or fully priced in the current SP...will it go up? who knows
4. Full Year 2021 Results
In 2021, Deliveroo achieved full year pro forma gross transaction value (GTV) growth of 70% year-on-year in constant currency; this is at the top end of previously-upgraded guidance for 60-70% growth. Management maintains guidance for 2021 gross profit margin (as % of GTV) at the previous guidance range of 7.5-7.75%. Deliveroo will report FY 2021 results on 17 March 2022.
Catch a falling knife.This is very sharp.
Maybe 169p was a good entry :)
We will never see such price again .time to buy and roo is about to fly
Bar great news (not sure what that could be for too specifically in the next few months) in the meantime, if it’s following the NASDAQ’s ‘uncertainty’ at all .. it could be a while.Though perhaps a good time to buy/top up.
It isn't THG... Yet...
Ah well, have high hopes of deliveroo in the long run so let's see how far the growth sell off goes!
At least roo isn’t the hut group!
Probably being shorted by Hedgefunds until they decide they want/need to stop… ie. substantially greater buying from rival Hedgefunds.
GOLDMAN CUTS DELIVEROO PRICE TARGET TO 460 (470) PENCE - 'BUY'
Think this is a good entry point. I can't stand using Just Eat or Uber Eats, deliveroo is my go to anytime I get a takeaway. Invest in what you know.
The turn around will be sharp, even if I haven't exactly timed it to perfection.
Buys are nearly double Sells today and SP drops 5%. Am I missing something?
It is buisness model, all of these deliveries companies charge restaurants a percentage of food and also take a cut off rider.Just eat is an established player but rider has to take up fixed shifts.Uber eats and Deliverloo offered flexible shifts but took on way too many riders. Riders have resorted to making as many accounts as possible and can pick and choose which delivery they want. A few new delivery apps have entered the market too. Deliveroo would have to increase pay to endure every riders makes at least nmw or risk losing them . On the other hand their delivery partners have other options.
Where's the bottom? Just eat really going for a Deliveroo stronghold (London), maybe that's had an impact as they have the resources to take more of this market that kills off ROO. This is now being priced to either fail or to be bought by a competitor. Delivery Hero is probably waiting for the to bottom. £4 billion offer will probably be enough if this continues to drop.
Where ROO has the advantage is its Dark Kitchens. This is where I think the value is and this is why they will be profitable this compered to JET, that is burning cash like crazy and will probably be raising at some point. Will be interesting to see who wins the WAR!
I know couple of guys who work for both Uber and Deliveroo. 90% of couriers have other jobs and this was supposed to be an easy way of making money. However things are getting worst as when you go to take-aways you have to wait for 10/15 mintues and sometimes customer can make you wait for 5 mintues before you deliver the food. Most people are not even making minimun wage while delivering for Deliveroo .As a result almost everone has joined Uber eats as well and they can pick and choose and that is affecting delivery time.In my opinion this model is flawed and not sustainable in longer run.
But Just Eat have also slumped by 60% overall.
Just eat up 6% last week
This is the bottom top up while you can