Back in April I wrote about “The continuing madness of Deliveroo” (ROO) HERE. I am sure there are a bunch of shareholders (and users) of the online food delivery company who are excited to see a c. 3% rise in the company’s shares today. But don’t forget it is still down a mere 52% year-to-date! And if you purchased last year’s IPO, I offer you my commiserations.
I am a bit of an easyJet (EZJ) fan even if it is over two years since I last was on one of its planes. Tom may be more of an expert on actually getting on its planes more recently given his regular trips to the Hellenic Republic. As for today’s announcement of its reduced H1 losses to a “range of £535-565m for the 6 months ended 31 March 2022", believe me it could have been a lot worse and the key remains the number of trips over the next six to eighteen months. The shares are little changed today at just shy of 550p but I am still hopeful of a run at 800p, which keeps it a Buy for me. By contrast, I see Deliveroo (ROO) goes from one shocker to another…
Hello, Share Gatherers. This dogged punter hasn’t covered Deliveroo (ROO) before. I’ve never been convinced about the giant food deliverer but with more restrictions on eating out possible in the shadow of the new virus variant, the share is beginning to seem more attractive.
