Taxi Driver Online

UK cab trade debate and advice
It is currently Tue Dec 01, 2020 11:22 am

All times are UTC - 1 hour [ DST ]




Post new topic Reply to topic  [ 182 posts ]  Go to page Previous  1 ... 8, 9, 10, 11, 12, 13  Next
Author Message
PostPosted: Mon Mar 16, 2020 8:38 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Quote:
but just about every company has lost 50 percent of their value this year

Well mine hasn't nor the supermarkets or bog roll makers. :D

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Mar 18, 2020 9:39 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Lost another 21% today.

Closed $14.82. :shock:

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Thu Mar 19, 2020 4:17 pm 
Offline
User avatar

Joined: Sat Apr 01, 2006 10:47 pm
Posts: 14890
Location: Stamford Britains prettiest town till SKDC ruined it
Sussex wrote:
Lost another 21% today.

Closed $14.82. :shock:



a bit nearer their true worth :wink:

_________________
Taxis Are Public Transport too

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


Top
 Profile  
 
PostPosted: Thu Mar 19, 2020 8:45 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Jumped back up to $20.49 today.

Evidence, if any was required, that the markets have no idea whatsoever of the true value of Uber.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Thu Mar 26, 2020 3:14 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Currently $27.68 a share.

Evidence that only those working in the taxi/PH trade have any idea about the inns and outs of the taxi/PH trade.

I'm 100% certain the share price is merely a guess and traders playing games with the value.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Fri Apr 03, 2020 5:33 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Currently $22.17 a share.

Down from about $28.00 at the beginning of the week.

The markets really haven't got a clue about the value of this company.

Never have, and never will.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Fri Apr 17, 2020 4:55 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Current price $27.80.

Uber had a recent investment call where they laid out their expected losses through Covid-19, and I suspect the investment community swallowed it hook line and sinker. As they always do. #-o

https://www.pymnts.com/news/ridesharing ... -guidance/

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Fri May 01, 2020 6:35 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Currently $28.64, down from around $32.00 at the start of the week.

They publish their Q1 results next Thursday, which account up to the end of March 2020.

So that will just catch the start of this crisis.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed May 06, 2020 5:13 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
24 hours before Uber announce their first quarter earning they axe 3,700 full time support staff.

https://www.bbc.co.uk/news/business-52563384

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat May 09, 2020 7:15 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Uber admits that ride-hailing is worth less because of COVID-19, but investors still think Uber is worth more

https://www.marketwatch.com/story/uber- ... 2020-05-07

Uber Technologies Inc. admitted Thursday that the COVID-19 pandemic makes ride-hailing companies less valuable, but investors still added billions to Uber’s valuations anyway.

Uber UBER, +6.01% reported a quarterly loss of nearly $3 billion Thursday afternoon, with roughly two-thirds of that loss resulting from a devaluation of its investments in Asian ride-hailing services Didi Chuxing and Grab. When Uber first mentioned the write-down last month, it admitted the move was “due to the impact of the pandemic on the estimated value of these entities.”

Yet investors are not discounting Uber stock for the same reason. They sent Uber stock up 6.1% in after-hours trading, which would add more than $3 billion to Uber’s market cap if the gains hold through Friday’s trading session. The stock had already jumped more than 11% in Thursday’s regular session, and is up 4% so far this year as the S&P 500 index SPX, +1.68% has dropped 11.8% amid widespread worries about the impact of the coronavirus.

Since the pandemic began, Uber has seen its ride-hailing business fall dramatically across the globe, while its costly food-delivery business, Uber Eats, has surged as people sheltering in place order take out for delivery. As a response to the drop in demand, Uber has embarked on annualized cost cutting of around $1 billion, including 14% of its staff, and it now has a hiring freeze.

“I won’t sugarcoat it,” Uber CEO Dara Khosrowshahi told analysts on a conference call Thursday. “COVID-19 has had a dramatic impact on rides, with the business down globally around 80% in April. Still, there’s some green shoots driving restrained optimism.”

He highlighted a 9% trip growth last week, and a huge acceleration in Eats demand, with bookings soaring 89% excluding India in April. Uber’s CEO said the company is still aiming to become profitable, and that the disruption from COVID-19 will delay its profitability by a matter of quarters, but not years.

Investors are the ones who seem to be sugarcoating Uber’s news, and reading too many positives into Khosrowshahi’s statements. On the company’s call, not one analyst asked about how sustainable the demand for Uber Eats or Uber Rides will be if more people become unemployed.

But looking at the global pandemic purely as a “disruption” may be giving companies and investors a “rose-colored glasses” view of the economy. The U.S. alone likely lost more than 20 million jobs in April. It seems to be a no-brainer that people without jobs are not going to order takeout for delivery or hail an Uber even when the economy starts to open back up, as long as they are still unemployed.

Investors are applauding the tough moves that Khosrowshahi has been making, but everyone seems to be assuming that things will quickly go back to normal as states gradually open back up. Uber itself encouraged this idea, noting that bookings in large cities across Georgia and Texas, two states that have started opening up, climbing 43% and 50%, respectively.

Even though these signs are encouraging, it seems far too early to be this optimistic about a company that is hit so hard by the pandemic. Especially since the company — through its own actions — is admitting that its core business is worth less.

As it had alerted shareholders in April, Uber Technologies Inc. just de-valued its stakes in its Asian ride hailing companies, Didi and Grab, by $2.1 billion, an ride sharing assets, Didi and Grab of China, but investors did not care, sending its shares up 5% in after-hours Thursday.

If the trading during regular market hours Friday mimics the after-hours session, investors will be saying that even after accounting for a $2.1 billion write-down — that contributed to much of Uber’s net loss of $2.9 billion in the first quarter — Uber itself is now worth even more. On Thursday, its valuation was about $48 billion.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Thu Jun 04, 2020 3:01 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Currently $36.99 a share, and has been fluctuating between $33 and $38 for a while now.

Boss of Uber has confirmed that Uber cars are 70% down on this time last year, but the food delivery business is booming.

https://www.pymnts.com/news/ridesharing ... tines-end/

However neither the cars, nor the food delivery business, have ever made a penny/cent/bean in profit.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Mon Jun 22, 2020 6:30 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Currently $32.60 a share.

But, despite having several billion dollars in the bank from the IPO, Uber have asked for another $900,000,000 to tied them over for a little while, at 7.5% a year. :shock: :shock: :shock: :shock:

https://iclg.com/ibr/articles/13564-ube ... -on-cooley

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Fri Jun 26, 2020 8:24 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Under $30 again at $29.61.

Defo not a buy IMO. :lol: :lol: :lol:

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Tue Jul 07, 2020 10:49 am 
Offline
User avatar

Joined: Sat Apr 01, 2006 10:47 pm
Posts: 14890
Location: Stamford Britains prettiest town till SKDC ruined it
from taxilaw email

Quote:
Uber to Buy US Food Delivery Company Postmates?
• Uber is rumoured to be in talks to purchase Postmates Inc., as it’s seeking to expand food delivery services in the US and capitalise on a surge in orders during the Covid-19 pandemic.
• Postmates is alternatively exploring various paths to go public. In the talks with Uber, a deal could value Postmates at $2.6bn, according to news reports.

Our Take
• For those who have been paying attention, back in early June Uber was reportedly pursuing an acquisition of Grubhub, another rather large food delivery company. Grubhub was ultimately acquired by Just Eat Takeaway in a $7.3 bn deal, but only after the deal with Uber fell through over a variety of concerns.
• With pressure mounting on the CEO of Uber, he has to buy something, anything, to please his board of directors and shareholders.
• A purchase of Postmates will get him through performance review for 2020…


so all he has to do is buy something anything at any price and the shareholders and brokers will boost the price skyhigh :roll:

_________________
Taxis Are Public Transport too

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


Top
 Profile  
 
PostPosted: Tue Jul 07, 2020 5:12 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 6:30 pm
Posts: 46659
Location: 1066 Country
Quote:
so all he has to do is buy something anything at any price and the shareholders and brokers will boost the price skyhigh

Basically we are dealing with a 2020 version of the Emperor with no Clothes.

Many in the investment community have put billions into Uber, they are desperate to get some of that money back in the near future.

Problem is Uber will never make money, because the only way they can make money, and this applies to the taxi/PH trade as well as the food trade, is to put prices up, and when they do that they will lose business to the existing trades and to new entrants.

_________________
IDFIMH


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 182 posts ]  Go to page Previous  1 ... 8, 9, 10, 11, 12, 13  Next

All times are UTC - 1 hour [ DST ]


Who is online

Users browsing this forum: bloodnock and 38 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