Taxi Driver Online

UK cab trade debate and advice
It is currently Thu Mar 28, 2024 9:01 am

All times are UTC [ DST ]




Post new topic Reply to topic  [ 332 posts ]  Go to page 1, 2, 3, 4, 5 ... 23  Next
Author Message
PostPosted: Fri May 10, 2019 5:22 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Opened at $45 a share. (low end of the $44-$50 anticipated price range)

Currently $44.50 a share.

N.B. Bloomberg have suggested that Uber has prioritized selecting shareholders -- particularly institutional investors -- that it thinks will hold on to the stock for a long time. They don't want a Lyft style mini crash.

Uber share price tracker index.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat May 11, 2019 3:55 am 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
First day closed $3.43 (7.62%) down.

Current price $41.57.

Business Insider gives a view on the first day and indicates why some will not be pleased.

https://www.businessinsider.in/Sure-Ube ... 276518.cms

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat May 11, 2019 6:33 am 
Offline
User avatar

Joined: Sat Apr 01, 2006 11:47 pm
Posts: 19110
Location: Stamford Britains prettiest town till SKDC ruined it
I think the real marker will be how the market reacts on publishing the first full results after the IPO

I think uber will "miraculously" show a profit for the first time ever and shares will finish at a 10 to 15 percent premium over 12 months after that is where it will be make or break time

_________________
Taxis Are Public Transport too

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


Top
 Profile  
 
PostPosted: Sat May 11, 2019 7:01 am 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
edders23 wrote:
I think the real marker will be how the market reacts on publishing the first full results after the IPO

I think uber will "miraculously" show a profit for the first time ever and shares will finish at a 10 to 15 percent premium over 12 months after that is where it will be make or break time

Not sure that will happen at all, but if they ever did make a profit it will be 10 years + at the earliest.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat May 11, 2019 3:57 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
A very to the point article from the US.

https://www.theregister.co.uk/2019/05/1 ... pointment/

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat May 11, 2019 6:08 pm 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24113
Location: Twixt Heaven and Hell, but nearest Hell
Remember "they" (the buyers/sellers) of shares make money regardless of the share PRICES, once its a saleable item its commission on share movements and also 1 rumour drops the price (SELL SELL SELL) and another hikes the price (BUY BUY BUY) to a peak then SELL SELL SELL to take the profit.

Its not our world and we can never truly understand it

_________________
Of all the things ive lost, i miss my mind the most


Top
 Profile  
 
PostPosted: Mon May 13, 2019 10:46 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Closed 13/05/2019 $37.10.

Down 10.86% on the day.

Saudi's are about $1,000,000,000 down on their investments last year.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Tue May 14, 2019 11:34 am 
Offline

Joined: Sat Aug 04, 2012 11:17 pm
Posts: 2609
Sussex wrote:
Closed 13/05/2019 $37.10.

Down 10.86% on the day.

Saudi's are about $1,000,000,000 down on their investments last year.
Loose change to most Saudis.


Top
 Profile  
 
PostPosted: Tue May 14, 2019 11:59 am 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24113
Location: Twixt Heaven and Hell, but nearest Hell
roythebus wrote:
Sussex wrote:
Closed 13/05/2019 $37.10.

Down 10.86% on the day.

Saudi's are about $1,000,000,000 down on their investments last year.
Loose change to most Saudis.


OPEC price of oil up

_________________
Of all the things ive lost, i miss my mind the most


Top
 Profile  
 
PostPosted: Tue May 14, 2019 12:03 pm 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24113
Location: Twixt Heaven and Hell, but nearest Hell
In a week Facebook shares fell 3%

https://www.google.com/search?q=faceboo ... e&ie=UTF-8

_________________
Of all the things ive lost, i miss my mind the most


Top
 Profile  
 
PostPosted: Tue May 14, 2019 9:47 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Closed 14/05/2019 $39.96.

Up $2.70 (7.25%) on the day.

Down $5.04 (11.2%) since IPO.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed May 15, 2019 6:22 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:
Closed 13/05/2019 $37.10.

Down 10.86% on the day.

Saudi's are about $1,000,000,000 down on their investments last year.



you are of course assuming that they left their money in and didn't cash in on the IPO ?

My understanding is that often on these IPO's there is an option for all current investors to get a slice of the IPO money and be reimbursed at a tidy profit as the business is immediately worth x amount more than the sum of previous capital investment

_________________
Taxis Are Public Transport too

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


Top
 Profile  
 
PostPosted: Wed May 15, 2019 8:49 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Quote:
you are of course assuming that they left their money in and didn't cash in on the IPO ?

My understanding is that often on these IPO's there is an option for all current investors to get a slice of the IPO money and be reimbursed at a tidy profit as the business is immediately worth x amount more than the sum of previous capital investment

We have to remember in early 2018 the Saudi's invested $3.5 billion in Uber, buying shares at $48.77 each.

The markets closed today at $41.70. Thus they are down just over $8 a share, or $547,000,000.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Thu May 16, 2019 7:47 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 53921
Location: 1066 Country
Closed $43.26 up 4.76% on the day.

Only down $1.74 since IPO.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sun May 19, 2019 4:21 pm 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24113
Location: Twixt Heaven and Hell, but nearest Hell
Sussex wrote:
Quote:
you are of course assuming that they left their money in and didn't cash in on the IPO ?

My understanding is that often on these IPO's there is an option for all current investors to get a slice of the IPO money and be reimbursed at a tidy profit as the business is immediately worth x amount more than the sum of previous capital investment

We have to remember in early 2018 the Saudi's invested $3.5 billion in Uber, buying shares at $48.77 each.

The markets closed today at $41.70. Thus they are down just over $8 a share, or $547,000,000.


and what - the overall scheme of Saudi finances - that?

a days oil production?

_________________
Of all the things ive lost, i miss my mind the most


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 332 posts ]  Go to page 1, 2, 3, 4, 5 ... 23  Next

All times are UTC [ DST ]


Who is online

Users browsing this forum: Google [Bot] and 67 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