Member Info for jockosjungle

Seems vaguely positive, I'm glad I've been averaging down and now only need 1.45 for some profits. But certainly got to be in this for the full results. Presumably they will have to release results to the stock exchange as and when they are received, can't see how the info can be massively hidden and good news or bad, not sure they can just keep a lid on it whilst people buy and sell shares like there is no news.

I think it's a good idea. Make sure your shareholding is in multiples of 20 folks, every little helps!

I suppose it gets it out of the realm of a penny share and possibly less likely to be lumped in with the oil speculators hoping for an increase from 0.00005 to 0.000051.

I bet the share price jumps tomorrow because of it

Presumably the nothing nice to say comment was aimed at me. This is a share discussion forum, there would be little point for it if it was every saying "BUY BUY BUY" and all that would happen is lots would lose money. You need to consider the positives and the negatives.

There are loads of shares at the moment that are coming out of COVID and are having a massively positive outlook, shops opening, bars reopening, people going on cruises. This is the opposite, it had a good COVID and now the future is a little mixed. Will there be massive growth this year? Or has it had it's day and it will just join the ranks of other similar businesses.

I accept it isn't positive, but it's the reality. I think the price has now crashed enough and they'll be some positive gains. I have shares I bought into, I wouldn't touch any more. However if I did buy on IPO day and looking at some losses, I would try and average down on this as I think there is a bit of growth room.

Ordering a takeaway and saving yourself the petrol, etc. Is a good idea. It's been a good idea long before Deliveroo came along. I'm just not seeing the huge margins here, how much are they making per delivery?? 50p??

So how many times a day do you lot all use Deliveroo? It comes to something when the growth of a business is linked to people who are too lazy but rich enough not to have to go to a convenience store. I'm sure these avenues were alright during lockdown. They might do OK in London, but can't see many people in Warrington bothering or paying the premium.

I reckon at the current level it's a decent price and has bottomed out, might rise a bit. But as the UK opens up, the next set of results will probably show a considerable drop in growth (I would imagine)

Maybe I am wrong, who knows? It's my feeling about the shares and the general trajectory of them.

I think you might be wrong about the Chief Exec of Next, the info above here says he is declaring 3m shares, who knows when he bought them or even if he did, maybe they were his fee when he joined the board. You also don't actually know how many shares he dumped on the market and how much profit he made. All you know is he has declared 3m shares when the IPO happened. Doing the IPO the way they did, you've no idea what he or any of them did.

Either way, if he did buy them on IPO day, he's lost a fair amount of cash alongside everyone else.

They might get back to what they paid for them, but the general mood of the nation is to give Deliveroo a bit of a kick, the share price is just one of those things and a failed IPO (that will be quoted every time there is a new IPO) is a good news story. All I read is articles about why it failed and the general risks of these non profitable "big tech (lol)" companies.

Money to be made, it'll certainly go up. My advice if you bought in at the start is to start buying and averaging down (if you can afford it). Try and get out with some sort of profit.

Could be completely wrong of course. Maybe within six months everyone will be ordering six Deliveroos a day and on that day they'll announce 18 bike delivery men were killed but the courts will declare the delivery drivers as "volunteer cyclists" and the company will declare £3 of profit, and the share price will limp above the opening.

It was overpriced when it listed. Not enough people wanted to buy it and very few people thought it was a good investment at the issue price. Simple supply and demand, all the original investors dumped far more shares onto the market than could be supported (and made a decent profit).

It seems to be one of those shares that will get a bounce every so often, they'll announce a tie-in with another chain to deliver a lukewarm takeaway on a bicycle and it'll get a 10p bump. Then people will probably realise that announcing more partners isn't really growth, there are only so many takeaways people will eat in a week. Which one you order makes little odds to Deliveroo overall profitability.

I imagine the pre-float shareholders took a nice slice off the top. I don't think I'd be holding this in the long term, I can see Deliveroo, with their fancy branding and uniforms, being the poster child for poor working practices.

I really don't see this as a great company with enormous potential.

I managed to get 10% profit out of this, by buying when I thought it was rock bottom and then lost my nerve when it rose 10%. I don't think it has much more in it.

It's one of those companies that sells itself as "big tech" but is it? Last time I checked, all the company did was bring you a lukewarm KFC by a poor lad on a bicycle. Couldn't be much more low tech unless he came on a horse and I faxed my order to the restaurant.

Just not seeing the huge potential, any profits (if any) will be ploughed back into learning to deliver lukewarm KFC's by drone or robot, which may or may not work. It's not overly doing anything different to just ringing up your local takeaway is it?

For what it does, basically a just eat knock off, I suppose it does it OK. But it seems to be tapping into the "gig economy" which doesn't seem to have a great future and a lot of bad publicity. Which is never going to be good for a "growth" stock.

It'll have some ups and downs, and maybe a chance of very long term growth.

I recall the plan for independence last time centred on oil riches, at some ludicrous price ber barrel. Can’t imagine they’d want to dissuade any oil producer like that.

Stock market doing well generally this week, lots of oil shares took a decent rise. I can see the sentiment of HE rising in the next week or so. I think there'll be plenty of people looking to recommend it, the SP has certainly got some rising in it and I see it being a decent stock for that purpose. Plenty of bigger companies already having a post COVID bump, I think it's a great buy (moreso when it was 17p).

That being said I'm in this for the long term. I certainly see it long term being worth 60p, probably paying 3p dividend. That'll be 15%ish to anyone who is in now.

The 32p I could have sold PMO for a month or so ago, seems a long time now.

Not sure how tied this share price is to the price of oil or anything, I think we could really do with some results announced and a dividend. It'll come, I'm fairly certain. I think the oil price is stagnating and maybe some of the debt stockholders are just going to keep dumping stock when it gets up to 20p. A 1p dividend would really help, get a few folks seeing it as a steady oil stock.

It’s not a great update but not too bad, if the price crashes I’d be tempted to buy a few more.

Problem is it’s been hyped by the Reddit people, who were expecting a quid a share by the end of the week. Presumably everyone in Australia will be dumping their shares.

Oh well, guess I’m in for the long haul then

The plane is an old airbus, might be like Boris on the outside but it’s not great inside. Think 90s charter flights.

You’d also need to quarantine for two weeks when you get here (and it’s strictly enforced), do three swabs and you’re not getting on the plane unless you’ve got a good reason to come here.

That’s at the moment in Covid.

In normal times, commercial flights twice a week, all are welcome and most can come in the airbridge, but the commercial flights would be cheaper probably as the RAF is about £2k+ (we get it subsidised). There are advantages and disadvantages to both routes.

They’re pretty unreliable

If you’re asking more about oil, the plan was charter oily flights which they did previously.

I’m fairly confident they will win the arbitration, I just would query how much they will receive. I get the costs and their legal fees, a given if they win.

I’d then guess they may receive something on top, I guess for their wasted time and some sort of compensation. I just don’t see it being some huge lost profit calculation based on some future oil price.

They could lose, I think they will win, I just doubt they’ll win big. They’ll probably find themselves enough to be not out of pocket.

Big money is in FI, but I just don’t see it being likely any time soon. I can see FI just letting this rumble on year on year, it’s not like the place is clammering for oil money.

Also hoping for good news. As I hope everyone else is, I'm in on this for as much money as I'm happy to lose.

What will happen if the price is pushed high regarding a buyout? Presumably at some point the market will correct itself, leaving everyone who believed that these shares will rise until only Bill Gates could afford to buy them crying. Lets be honest (I can't speak for long term people here), I'd guess at worst some American on twitter is in for these at about 6p believing they'll shoot to $10 and then offset all the other penny stocks he owns that are not even worth the penny he paid for them.

As to a buyout, what usually happens is that whoever buys it out agrees a price with the directors and 51% of the shareholders who are more than happy to take a guaranteed 8p (which will include the directors themselves naturally), leaving all of reddit to complain that the shares are worth $10 and they got screwed just like we all did on Trans Siberian Gold.

If the price gets too high, at the end of the day, if this comes up good, 88e are stuck with a lot of oil they cannot get out of the ground, I'd also suggest there are other ways for the company to profit from this without having the company sold, they could just sell the claim, let someone farm in, etc. Then they could have another go exploring somewhere else, which at the end of the day, is what this company does.

What I imagine will happen on Monday is that the US exchange will open on decent news or the prospect of it, it'll go to about 7 or 8p and close. Then the Australian market will dump all their shares, feeling that an 75% profit over a bank holiday weekend is a good return, and we'll be back at 4p.

First time poster but been following this for a while.

I'm noting that there is talk of a 1p dividend. I know it's not set in stone, but at the current price that's a pretty good return for a dividend stock with a decent chance of some capital growth as well. Thinking of topping this up in my ISA next week, if freetrade ever put the stock on.