Taxi Driver Online

UK cab trade debate and advice
It is currently Fri Mar 29, 2024 5:44 am

All times are UTC [ DST ]




Post new topic Reply to topic  [ 332 posts ]  Go to page Previous  1 ... 7, 8, 9, 10, 11, 12, 13 ... 23  Next
Author Message
PostPosted: Fri Feb 07, 2020 10:12 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Quote:
Adjusted for items such as taxes, the core "ride" part of the business turned a profit in the last three months of last year.

So if it wasn't for taxes, interest and write downs they would have made a profit. Image

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Mon Feb 10, 2020 7:28 am 
Offline
User avatar

Joined: Sat Apr 01, 2006 11:47 pm
Posts: 19110
Location: Stamford Britains prettiest town till SKDC ruined it
but if they are investing in future growth the investors will be happy sounds as if uber is about to become the biggest corporate turnaround in history

_________________
Taxis Are Public Transport too

Join the campaign to get April fools jokes banned for 364 days a year !


Top
 Profile  
 
PostPosted: Tue Feb 11, 2020 10:14 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
edders23 wrote:
but if they are investing in future growth the investors will be happy sounds as if uber is about to become the biggest corporate turnaround in history

To make money it needs to up the prices, or take a larger cut from drivers.

If it does that then the competition will take a share of their market.

Like Ola will do in London.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Feb 12, 2020 2:10 pm 
Offline
User avatar

Joined: Sat Apr 01, 2006 11:47 pm
Posts: 19110
Location: Stamford Britains prettiest town till SKDC ruined it
Sussex wrote:
edders23 wrote:
but if they are investing in future growth the investors will be happy sounds as if uber is about to become the biggest corporate turnaround in history

To make money it needs to up the prices, or take a larger cut from drivers.

If it does that then the competition will take a share of their market.

Like Ola will do in London.



not necessarily the profits come from scaling up i.e. increasing the volume of work without needing to increase the staff or servers significantly

_________________
Taxis Are Public Transport too

Join the campaign to get April fools jokes banned for 364 days a year !


Top
 Profile  
 
PostPosted: Wed Feb 12, 2020 9:16 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Quote:
not necessarily the profits come from scaling up i.e. increasing the volume of work without needing to increase the staff or servers significantly

Yet since they started Uber have lost best part of $20,000,000,000, and last year was their worst ever.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Feb 12, 2020 9:34 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
For those that believe Uber will eventually make bundles of billions, I suggest they read Hubert Horan's latest take on Uber's accounts, and their current business model.

https://www.nakedcapitalism.com/2020/02 ... llion.html

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Thu Feb 13, 2020 6:47 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Warren Buffett's right-hand man trashes the metric Uber is using for its ambitious plan to be profitable by the end of 2020

Charlie Munger, Warren Buffet's business partner at Berkshire Hathaway, slammed the accounting method used by some companies to measure profit, including Uber, saying the metric leads to "bulls--- earnings."

Munger said that adjusted EBITDA, which stands for earnings before interest, taxes, depreciation and amortization, is "ridiculous" and not an accurate measure of a company's profitability, according to a report by CNBC.

"I don't like when investment bankers talk about EBITDA, which I call bulls--- earnings," Munger said at a recent company shareholders meeting. "Think of the basic intellectual dishonesty that comes when you start talking about adjusted EBITDA. You're almost announcing you're a flake."

Experts have previously told Business Insider that using adjusted EBITDA is not standard accounting and allows companies to leave out a variety of expenses.

Uber said earlier this month that it would be profitable by the end of 2020, using adjusted EBITDA as its profitability metric.

In a filing with the Securities and Exchange Commission, Uber defined its adjusted EBITDA metric, saying that among 13 items, it excludes "acquisition and financing related expenses"; "restructuring charges"; and "other items not indicative of our ongoing operating performance."

In the filing, Uber acknowledges that adjusted EBITDA does not adhere to Generally Accepted Accounting Principles, or GAAP, a set of widely accepted standards.

While Uber lost $8.5 billion in 2019, its losses in the fourth quarter last year were less than analysts had expected.

An Uber spokesperson was not immediately available for comment.

By excluding expenses as it pleases, experts said that it's not a surprise that Uber could say in the near future that it's profitable.

Phillip Braun, a finance professor at Northwestern University, told Business Insider's Troy Wolverton that "it's likely" that Uber will hit its adjusted EBITDA profitability target, but that "I don't think it's meaningful... I view it as a vacuous statement."

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Tue Feb 18, 2020 5:10 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Currently $39.70.

First time under $40 for a fortnight.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Tue Mar 03, 2020 8:58 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Currently $32.94.

Down a fair bit recently on the back of the Coronavirus scare.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Mar 04, 2020 11:46 am 
Offline
User avatar

Joined: Sat Apr 01, 2006 11:47 pm
Posts: 19110
Location: Stamford Britains prettiest town till SKDC ruined it
Sussex wrote:
Currently $32.94.

Down a fair bit recently on the back of the Coronavirus scare.



but still not a collapse and remember I am told that nearly third of ubers shares are owned by BRITISH pension schemes and over 95% by pension funds worldwide so it is meaningless unless they decide to sell

_________________
Taxis Are Public Transport too

Join the campaign to get April fools jokes banned for 364 days a year !


Top
 Profile  
 
PostPosted: Mon Mar 09, 2020 6:03 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Currently $29.32.

But in all fairness unless you sell toilet rolls your shares are taking a pasting.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Mar 11, 2020 11:48 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Down to $26.24.

Not far away from it's previous low.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Thu Mar 12, 2020 8:41 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Currently $22.93, about $38,000,000,000 down since IPO.

Defo taking a pasting like many other shares, but they seem to be hurting most. :D :D :D :D :D

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Mon Mar 16, 2020 9:33 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Closed today at $20.29.

Down about 55% since IPO.

Or in hard cash terms $43,000,000,000.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Mon Mar 16, 2020 9:35 pm 
Offline
User avatar

Joined: Sat Apr 01, 2006 11:47 pm
Posts: 19110
Location: Stamford Britains prettiest town till SKDC ruined it
Sussex wrote:
Closed today at $20.29.

Down about 55% since IPO.

Or in hard cash terms $43,000,000,000.



but just about every company has lost 50 percent of their value this year

_________________
Taxis Are Public Transport too

Join the campaign to get April fools jokes banned for 364 days a year !


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 332 posts ]  Go to page Previous  1 ... 7, 8, 9, 10, 11, 12, 13 ... 23  Next

All times are UTC [ DST ]


Who is online

Users browsing this forum: No registered users and 51 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
Powered by phpBB® Forum Software © phpBB Group