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Hey guys. Have read both negative and positive, as someone who has done extremely well in investing at undervalue (RR, Invidia, ITV I got at 55p, Aston Martin I got low too, some others I wait on… but overall smug. I can’t list them all but it’s made me very confident in what I am doing) this stuff isn’t hard. Many of us believe this is undervalued, ignored the noise, invest, good leadership… good upward progress, not hard guys x
Ah Red Inky one of the OGs. Who was the guy with the cat too? Just popped back to congratulate the people who were here when I was £8k down in 2021. Am now £20k up and reduced my holdings significantly over time to reduce the risk. Very please will go towards house deposit next year. Merry Xmas guys!
Someone correct me if I am wrong…
All existent shareholders will be diluted tomorrow but that doesn’t necessarily reduce the individual share price. Theoretically, if the market perceives the additional cash raised positively it will lead to a stabilization or even an increase in the share price.
Regarding the shorts, there is little to no liquidity in the market atm so they can’t close out unless Jaime dumps some of those new shares. But why would he do that? So, there’s a chance the shorters may have to close out without making much of a margin unless lots of people get spooked and sell up.
I want to change my username... I put no thought into it. Honestly reading the back and forth these past few weeks have been so interesting. What I've learnt is I don't know as much as some but I know more than most. Defo helps being an accountant... fab forum guys keep it up haha!
Who's the guy that was touting 65p RedInk I think... I looked back he was talking 120p or 140p April 2021... I can't even be arsed to check back now, he was wrong, JP were wrong, RR is a lovely co to be invested in, very exciting future!
If you read these forums a few years ago there was a lot more in the way of solid readings and financial assessments which I found helpful even as an accountant but in all honesty the market has become very unpredictable and irrational following Covid and the massive influx of retail investors and the ease to which people can invest, divest or speculate through online apps. You have a very good price, most of the old heads on here would agree. I think Warren Buffet made a comment recently to how the market has become like poker!
@Conv I think there's actually many non-patriotic reasons to invest in FTSE rebound stocks. Overall our stocks are massively underpriced compared to US stocks and if u use a non-taxable vehicle like an S&S ISA it's beneficial as well as avoiding the WHT headache but also the pound is weak atm and will get stronger next few years. We also have very conservative institutions which will be happy to jump back on board at a much later point than the speculative retail market.
I can see shorters dropping out, RR is majorly institutional so it won't be a big squeeze but some of the big holders divested so I wonder if they buy back in. If not I think we see resistance in the 90s H2... 120p by end of the year I reckon!
https://mywallst.com/blog/is-deliveroo-an-acquisition-target/
Correction 2024 he loses his golden share... but may force his hand earlier. I don't see him selling to another food app either I think he'll get better value from a large tech co.
ROO have the best tech, the best partners and the best brand... the brand name is used as a byword now for deliveries even if it doesn't pertain to ROO (even the neg stories keeps the name in the consciousness) so I have confidence their efforts to get marketing spend into a more sustainable position as GTV continues to grow. I don't really agree with some of the comments around cold or lukewarm food, that's always been an issue with takeaways and most people are happy to use a microwave. I also don't consider it will be an all-out victim of tightening pockets as people, couples especially, will move from restaurant dining to takeaway for that reason as it's not very expensive for the end users of these apps. I bought back in to reduce my average down to 150p, happy to sit on it now until 2023 when Shu loses his veto on takeovers. If this drops to 75p I'm going again!
ITP and better sentiments from the wider market this will fly for sure... I'm a "don't count your chickens until they hatch" kind of guy but would have bought back in without the ITP sale tbh so it will be a massive bonus for sure!