Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I always thought the lunch break was a break from work place claustrophobia ....
Celebrity investment....??? Zapp big in Monaco/Switzerland?
https://www.cnbc.com/2022/01/28/lewis-hamilton-invests-in-rapid-grocery-delivery-start-up-zapp.html
Katenip
Maybe 6 people in the office or construction site order for lunch or tea break and its there without them having to waste part of their break going there and back to fetch it
bad news losing aldi? delivery contract, but Roo has 70+% of UK...gettir and gorillas will have to work hard and v cheap to compete with that. Small point about q-commerce...exactly how necessary is it? I would be interested to know who uses this and why? If you live out of town, there is no way, they will get the stuff to you in 10 minutes..if you live in town, you will get it faster at your local corner shop. Think Too might profit from the back to work brigade...too tired to cook after commute etc.
teawithsugar,
you would be daft if you thought ROO and Hero were going to sit back and let the Q Commerce slide out of their hands
https://www.retail-insight-network.com/comment/deliveroo-boots-partnership-q-commerce/
https://www.deliveryhero.com/blog/quick-commerce/
Roo has missed the boat. Food deliveries have moved on to Q-commerce now. Consumers want things immediately within 10-30mins. Gorillas and Getir are expanding massively to meet these demands
If you take out their marketing budget Deliveroo already have made a profit.
Some short term thinking going on here, looking years down the line I think this will look like a fantastic price. The technology will only improve further and the tie up with Amazon gives ROO the edge.
The problem for these delivery companies ...is the fact that now the drivers want higher fees but the clients are price sensitive towards paying anything more....and the restaurants are squeezed on profit margins given food and labour costs are up...
..plus..competition is strong in all their markets
" ROO still never made a profit"
Gross Profit in H1 was up 75% to £263.9 million
....but...they then use that Gross Profit to invest in the business which then takes them into a bottom line loss..
They do that deliberately....invest profits now to build up the business ...pay little tax or build up tax credits on the losses
problem is, even during the pandemic.... ROO still never made a profit despite all its competitors being shut during lockdown
their UK coverage is pretty impressive...I am guessing that the pandemic has given them access quickly to a big client base...so question going forward is how effective they are at exploiting it.
I am not in ROO but have been doing research...and looking into the competition ....you need to keep up with what is going on in other markets..not just UK ....eg Asia ....
I wonder if ROO and Delivery Hero will ever join together ??
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 :\