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Alliance News today:
Goldman Sachs starts Deliveroo with 'buy' - price target 142 pence
Heading south it seems so as least my trim was right. Sub £1 coming today.
Yes it is in an upward channel however trimmed a bit at 114 nabbed at sub 78p - will buy back of course if it falls again.
Nice rate up today
Apart from the food and grocery delivery, Roo is also in the prescription delivery market...which I suspect is big enough .
It's worth looking at Citadels short positions on this site starting on the 2nd February this year. They indicate strong persistence in maintaining this strategy.
If the short was made back in February he's sat on a massive loss at present. Probably leaked this story to the media today to try and drive the price down to recover some of his losses. Its worked today, slightly.
Roo shorting activity:
https://www.telegraph.co.uk/business/2023/04/23/citadel-billionaire-ken-griffin-bet-against-deliveroo/
Deliveroo has been quite a horrible stock to own since its IPO. But since the start of 2023, it's actually been one of the best performers on the London Stock Exchange. With the valuation looking a bit more reasonable, is anyone else getting more optimistic about this business?
Analysts at The Money Cog have highlighted that it may even be profitable later this year. Does this seem likely, in your opinion?
https://themoneycog.com/articles/is-the-deliveroo-share-price-about-to-surge
Cheap and feels like something is up.
Private equity sniffing maybe?
All IMHO DYOR
Happy
breaking out at last - hold add and hope worked out well. Now let's move to 140p quick smart. This will be a profitable growth stock at last, prospectus was right, just the wrong price and timing it seems.
Winner winner .. chicken dinner ... delivered by ROO of course :)
Hopefully we see a sustained push up today. Starting off well
i think the greatest thing is that in-spite of reduction in orders, we are seeing increased revenue and gross margin for deliveroo. that is fantastic achievement.
given advertising platform is starting generating a lot of revenue, that all is gross margin as cost of that is so small. its like amazon, where amazon make more money through advertisment on their platform then selling billions of dollars worth of goods. this makes the business future proof. the company will continue to make money and survive in tough times like now, where company continue to get more profitable , increased revenue in-spite of 9% reduction in order volumes. imagine what happens in good times.....????????
I've enjoyed trading this in the 80-100 range but can now see us breaking out to the upside. Let's face it, the majority of Deliveroo customers are not the ones significantly impacted by Cost of Living, yes some will have thought twice but most have carried on ordering, With some expected food deflation to come, lower fuel costs and pay rise's in the mix, we should be through the worst, and now have an opportunity for things to tick up. With business costs under control and a focus on value add revenues such as promotion and advertising there are again further upsides, we'll experience some resistance around 120, could now be in a 100-120 range.
I'm here with stock at 1.60. Hopefully we get there this year....lol
Finally a breakout!! Who's with me in calling this?
I’ve sold out. Whenever a company buys its own shares, the SP becomes artificially pumped. Look what happened to speedy hire.
Agree - I am just above my average now and wondering what to do - buy, sell or hold. I am convinced that the youth of today can't be bothered to cook or walk 5 minutes down the road, but then again I suspect there are 1 too many players in the market.
Nice to hit this point
clamp down coming of illegal workers abusing the system coming, and deliveroo and uber could be in line for potential fines.
But don't buy a dog unless you know what the issues are. And how and when they can be resolved.
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 :-)