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PostPosted: Tue Dec 03, 2019 12:01 pm 
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For any super Uber geeks there is an interesting US radio show interview with Hubert Horan.

This fella is top Transport expert and his views on Uber are very similar to many on here, however he looks at it from outside of the trade whereas we have vested interests.

Worth a listen to when sitting in the car waiting for a job.

Starts at 10.20 https://harryshearer.com/wp-content/upl ... 20119_.mp3

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PostPosted: Wed Dec 04, 2019 2:29 am 
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Interesting short piece about the struggles Uber is having in many cities.

https://qz.com/1759492/uber-faces-tight ... nt-cities/

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PostPosted: Wed Dec 04, 2019 9:39 pm 
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Uber is a diverse technology not solely dependent on the taxi markets

It will win thru

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PostPosted: Wed Dec 04, 2019 9:47 pm 
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wannabeeahack wrote:
Uber is a diverse technology not solely dependent on the taxi markets

It will win thru

Not sure if win thru is the words I would use, more they will survive.

But it wont be under the current management, and I suspect it will require extra funding rounds which will dilute further the value of the shares of the mugs who invested in May.

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PostPosted: Sat Dec 07, 2019 3:34 am 
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Closed this week at $27.86, down about 6% on the week.

Or about $3 Billion in hard cash.

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PostPosted: Sat Dec 14, 2019 7:02 pm 
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Closed $28.49 this week.

Little bit up on last week, but still about $30 Billion down since IPO.

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PostPosted: Sat Dec 14, 2019 7:40 pm 
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Sussex wrote:
Closed $28.49 this week.

Little bit up on last week, but still about $30 Billion down since IPO.



lets face it the hoped for crash never happened and I doubt it will they are too big to fail

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PostPosted: Sat Dec 14, 2019 8:14 pm 
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lets face it the hoped for crash never happened and I doubt it will they are too big to fail

A fall of 40-45% in less than a year is a crash, be in no doubt about that.

Will they fail is another matter, IMO they wont.

However they will need refinancing at some time in the next few years, and at that time the current shares will be worthless.

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PostPosted: Mon Dec 23, 2019 9:34 pm 
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Currently $30.53, which is an increase of about $1 for the week.

Think it was mainly down to the talk of them selling their Indian food delivery business for about $400,000,000.

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PostPosted: Tue Dec 31, 2019 11:11 pm 
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Closed $29.74 for the year.

Down 34% since the May IPO.

Or in simple cash terms, about $26 Billion.

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PostPosted: Tue Jan 14, 2020 8:14 pm 
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On a bit of a bounce at the mo, currently $34.74.

Maybe we all got it wrong about them. Image

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PostPosted: Wed Jan 15, 2020 10:13 pm 
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Goldman Sachs have bailed out. :-k

https://www.bloomberg.com/news/articles ... up-expired

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PostPosted: Mon Jan 20, 2020 8:57 pm 
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Currently $35.13.

Defo on an upwards path.

Until maybe they lose another billion or two.

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PostPosted: Wed Feb 05, 2020 9:22 pm 
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Currently $37.17 which is quite an improvement.

Did reach $38.95 today but dropped 4% today.

I wonder if this ressurance will last past tomorrow night's Q4 Earnings Report. :-k

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PostPosted: Fri Feb 07, 2020 10:09 pm 
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Uber sees path to profit despite $1.1bn loss

Uber's business continues to grow, but so do its losses. The firm lost $1.1bn (£851m) in the last three months of 2019, even as revenue jumped 37% to $4bn and the number of trips made on its platform rose by 28%.

Spending to expand its Uber Eats food delivery business hurt the firm's bottom line.

Uber boss Dara Khosrowshahi said he was "gratified" with the progress the firm is making toward profitability. Adjusted for items such as taxes, the core "ride" part of the business turned a profit in the last three months of last year.

"We recognize that the era of growth at all costs is over," Mr Khosrowshahi said. "In a world where investors increasingly demand not just growth, but profitable growth, we are well-positioned to win".

Mr Khosrowshahi said the firm expects investment in Uber Eats to decline after March, as the firm focuses on markets where it can be the number one or number two "player".

Last month, Uber sold its money-losing India-based food business to competitor Zomato, in exchange for a stake in the start-up. Shares gained about 4% in after-hours trade, as investors welcomed the firm's pledge to hit its profit targets in 2020, which is sooner than was previously expected.

Since the firm debuted on the New York Stock Exchange last year, shares have been under a cloud, as investors eye the firm's losses and it faces regulatory hurdles around the world. London stripped it of its licence to operate in November after concerns over safety failures.

Dan Ives, analyst at Wedbush Securities, said the firm had delivered a solid quarter for the company that should help build investor confidence in the firm. "Rome was not built in a day and neither will the Uber growth story," he said.

However the firm will have to do more to turn around its business, said Alyssa Altman, transportation lead at digital consultancy Publicis Sapient. Uber lost more than $8bn last year in total, even as the number of trips taken on its platform climbed by 32% to nearly 7 million and revenue rose 26% to $14.1bn from 2018.

"Uber's latest attempts to shed money-losing businesses, while promising, don't guarantee it will dig itself out of the financial grave it dug for itself," Ms Altman said.

Uber said there were more than 111 million customers active on the platform in the last three months of 2019, up 22% from the same period in 2018.

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