Deliveroo unveils plans for '$7bn' London listing
04/03/2021 | news | business | 101
The food delivery firm hopes to list its shares on the London Stock Exchange this year.
1
04/03/2021 15:06:24 3 4
bbc
There is money to be made in that there pandemic.
2
04/03/2021 15:11:28 38 5
bbc
a firm that delivers your take away meal on push bikes valued at £5 billion
worlds gone crazy
4
vk
04/03/2021 15:30:11 5 15
bbc
why is it crazy?
36
AMc
04/03/2021 17:54:17 3 3
bbc
What a company that started off selling Paperbacks online now worth $1.7 Trillion, naaa, don't be stupid.

Just saying...
51
Jim
04/03/2021 19:45:45 4 1
bbc
Push bikes? Most round here use ebike kits - massively overpowered, as fast as a moped, but dont have any insurance, test, theory etc
52
04/03/2021 19:57:00 1 1
bbc
Shares go up and down, please dont forget that when they go tits up next year.
3
04/03/2021 15:20:52 18 1
bbc
And it's everyone being lazy making them a fortune. People can't even be arsed going out of the house to the takeaway now. Obesity crisis looming.
9
04/03/2021 15:48:18 12 1
bbc
Looming?
It's here
2
04/03/2021 15:11:28 38 5
bbc
a firm that delivers your take away meal on push bikes valued at £5 billion
worlds gone crazy
4
vk
04/03/2021 15:30:11 5 15
bbc
why is it crazy?
15
04/03/2021 16:18:10 2 2
bbc
how many meals must be delivered to make enough profit to warrant a valuation of that size or is it just that they over charge
5
04/03/2021 15:37:17 7 1
bbc
Did somebody say...oh no, that's the other one.

There is a pointless duopoly in place - people don't choose Deliveroo, they choose the food, and don't care whether it's delivered by them or by Just Eat. I guess most takeaway addicts have both apps.
6
04/03/2021 15:41:44 5 4
bbc
Seen too many of the Cyclists barging people out of the way on pedestianised streets and knocking over old people and then yelling at them

Can't wait for them to all be replaced with delivery bots
7
04/03/2021 15:45:08 21 5
bbc
Seeing the Cyclists who don't care who they run over or hurt just so long as they get more deliveries in makes me happy that:-

1 I paid attention at school/college and University so that i have good qualifications

2 I can cook

If you want a good meal, go to a local restuarant and support local business, don't pay for fast food chain delivery when a meal out is always better (once lockdown ends)
25
04/03/2021 17:04:49 7 3
bbc
Deliverpoo ?
8
04/03/2021 15:47:51 1 1
bbc
I hope they give all their employees some shares
17
04/03/2021 16:36:55 4 1
bbc
The ones you see are probably all self employed contractors, on zero hour, per delivery deals.

Wonder how many are insured as such re public liability etc ?

Good luck claiming when they hit you.
3
04/03/2021 15:20:52 18 1
bbc
And it's everyone being lazy making them a fortune. People can't even be arsed going out of the house to the takeaway now. Obesity crisis looming.
9
04/03/2021 15:48:18 12 1
bbc
Looming?
It's here
10
04/03/2021 15:48:19 3 7
bbc
Good news. We need to encourage technology companies to list in the UK
11
04/03/2021 16:02:52 9 1
bbc
imagine if it were to make a profit.....what the valuation would be like!!...but Hey...these are the times we live in!!
16
04/03/2021 16:24:50 5 1
bbc
To be fair it has been trading at a profit for 6m of 2020.

On the back of lockdown.

But was making increasing losses in 2018,19 again.

Opportunistic money grab by current owners.

And dislike this 2nd class rights of shareholders business. If risking my capitol or rather if my pension co doing on my behalf, I want it to have a strong voice.
12
04/03/2021 16:12:12 4 1
bbc
Will stay clear.

Can just see them going same was as Uber, on couriers employment rights.

A business founded on playing on the desperation of others.

Hardly an ethical choice.

Add pangs of the dot com bubble, valuations not based on profit etc etc
14
04/03/2021 16:16:41 3 1
bbc
And I suspect come the lifting of restrictions, many current customers will disappear or use lot less regularly.

A risky bubble waiting to burst.
13
04/03/2021 16:15:35 16 1
bbc
£7bn for a company that delivers food by bicycle
They are having a larf
29
04/03/2021 17:30:58 8 1
bbc
You really wonder what this analyst learn in business schools .....do they actually made a profit in the years10 years. The City is really a club of lemmings...
12
04/03/2021 16:12:12 4 1
bbc
Will stay clear.

Can just see them going same was as Uber, on couriers employment rights.

A business founded on playing on the desperation of others.

Hardly an ethical choice.

Add pangs of the dot com bubble, valuations not based on profit etc etc
14
04/03/2021 16:16:41 3 1
bbc
And I suspect come the lifting of restrictions, many current customers will disappear or use lot less regularly.

A risky bubble waiting to burst.
4
vk
04/03/2021 15:30:11 5 15
bbc
why is it crazy?
15
04/03/2021 16:18:10 2 2
bbc
how many meals must be delivered to make enough profit to warrant a valuation of that size or is it just that they over charge
20
04/03/2021 16:40:19 0 4
bbc
How many would keep ordering if they over charged.
91
05/03/2021 13:00:27 0 1
bbc
Lets say the average delivery is £10. They take 30% so lets say £3 per delivery. They make 45k deliveries per day uk the UK. That's £49m revenue in the UK. They are in 12 markets. Does seem quite high valuation but they can/will grow and move into new sectors like Uber have.
11
04/03/2021 16:02:52 9 1
bbc
imagine if it were to make a profit.....what the valuation would be like!!...but Hey...these are the times we live in!!
16
04/03/2021 16:24:50 5 1
bbc
To be fair it has been trading at a profit for 6m of 2020.

On the back of lockdown.

But was making increasing losses in 2018,19 again.

Opportunistic money grab by current owners.

And dislike this 2nd class rights of shareholders business. If risking my capitol or rather if my pension co doing on my behalf, I want it to have a strong voice.
8
04/03/2021 15:47:51 1 1
bbc
I hope they give all their employees some shares
17
04/03/2021 16:36:55 4 1
bbc
The ones you see are probably all self employed contractors, on zero hour, per delivery deals.

Wonder how many are insured as such re public liability etc ?

Good luck claiming when they hit you.
18
04/03/2021 16:35:09 3 7
bbc
Another big client for UK London market. ....and another Remain lie exposed....London Market still buoyant.....the ex Remainers will be seething.
21
Bob
04/03/2021 16:52:02 8 2
bbc
A UK company listing on the UK exchange. Wow, what a novel thing.
19
04/03/2021 16:37:48 5 4
bbc
"Deliveroo unveils plans for '$7bn' London listing"

Surely a mistake. I thought Amsterdam is where it's at :-)
23
04/03/2021 16:53:54 3 9
bbc
It seems a UK hater down voted you.....one day they will get over themselves.
26
Amy
04/03/2021 17:16:49 0 1
bbc
Nah it was the Euronext stuff that all to went Amsterdam.

Much of the rest has remained. But all this hangs in the balance.
15
04/03/2021 16:18:10 2 2
bbc
how many meals must be delivered to make enough profit to warrant a valuation of that size or is it just that they over charge
20
04/03/2021 16:40:19 0 4
bbc
How many would keep ordering if they over charged.
18
04/03/2021 16:35:09 3 7
bbc
Another big client for UK London market. ....and another Remain lie exposed....London Market still buoyant.....the ex Remainers will be seething.
21
Bob
04/03/2021 16:52:02 8 2
bbc
A UK company listing on the UK exchange. Wow, what a novel thing.
24
04/03/2021 16:54:58 2 3
bbc
I know it’s hard for ex Remainers to like UK good news. Try not to cry.
22
04/03/2021 17:01:17 1 3
bbc
This is all designed to pay for forthcoming employee employment rights that will be verified as per Uber.....pension, sick pay, holiday pay etc
97
05/03/2021 17:07:45 0 0
bbc
not in tory runuk it wont. the tory party are the party of business and slave labour . they are bringing in millions of south asians and africans to do these jobs because they know that they will work for less than the eu workers . next up scrap the minimum wage because it is harming the economy. vile tory vermin
19
04/03/2021 16:37:48 5 4
bbc
"Deliveroo unveils plans for '$7bn' London listing"

Surely a mistake. I thought Amsterdam is where it's at :-)
23
04/03/2021 16:53:54 3 9
bbc
It seems a UK hater down voted you.....one day they will get over themselves.
21
Bob
04/03/2021 16:52:02 8 2
bbc
A UK company listing on the UK exchange. Wow, what a novel thing.
24
04/03/2021 16:54:58 2 3
bbc
I know it’s hard for ex Remainers to like UK good news. Try not to cry.
7
04/03/2021 15:45:08 21 5
bbc
Seeing the Cyclists who don't care who they run over or hurt just so long as they get more deliveries in makes me happy that:-

1 I paid attention at school/college and University so that i have good qualifications

2 I can cook

If you want a good meal, go to a local restuarant and support local business, don't pay for fast food chain delivery when a meal out is always better (once lockdown ends)
25
04/03/2021 17:04:49 7 3
bbc
Deliverpoo ?
19
04/03/2021 16:37:48 5 4
bbc
"Deliveroo unveils plans for '$7bn' London listing"

Surely a mistake. I thought Amsterdam is where it's at :-)
26
Amy
04/03/2021 17:16:49 0 1
bbc
Nah it was the Euronext stuff that all to went Amsterdam.

Much of the rest has remained. But all this hangs in the balance.
41
Amy
04/03/2021 18:08:15 2 1
bbc
Since Brexit ---> About €9.2bn (£8.1bn) worth of shares were traded on Amsterdam exchanges each day, against €8.6bn in London.
27
Amy
04/03/2021 17:20:03 2 1
bbc
Pretty cool. Would love to understand how it was valued. But today is the last day off for me for some weeks. So I guess I will have to wait to read and find out.
28
04/03/2021 17:28:14 4 3
bbc
very few will get rich on the back of GIG economy a "slave" working conditions....
13
04/03/2021 16:15:35 16 1
bbc
£7bn for a company that delivers food by bicycle
They are having a larf
29
04/03/2021 17:30:58 8 1
bbc
You really wonder what this analyst learn in business schools .....do they actually made a profit in the years10 years. The City is really a club of lemmings...
30
P2
04/03/2021 17:32:37 17 3
bbc
Paying a sweaty bloke to deliver me ready cooked unsealed food that he might have mucked about with. Nah, I’ll cook or at least jump in the car fir a take out thanks.

The first time a disgruntled deliveroo employee poisons the meal they’re delivering that £5billion will be worth nowt! Totally possible
31
04/03/2021 17:45:16 14 2
bbc
A bit sad when your Sunday roast arrives courtesy of a Postman Pat, but I suppose that is what modern urban living has descended to.
32
04/03/2021 17:47:10 19 1
bbc
Deliveroo has upped its take from the restaurants from 25 to 35% of the total sale. This is unsustainable and it is ripe for a competitor. It is noteworthy that they gave up in Germany and could not compete. Numerous countries are changing the laws so that the people who deliver are employees. This will damage their business model. 7bn seems to be high risk. Amazon kept it afloat with $500m.
40
Amy
04/03/2021 18:07:30 11 1
bbc
Yeah that valuation is head scratch worthy. The competition seems rather large.
33
04/03/2021 17:47:36 27 2
bbc
This is just bonkers. How can a company with almost no assets actually be worth this much?
If there was not "tech" or an "app" involved it would be listing for a fraction of this. They have never made a profit, the intellectual property behind them is not worth much.

The sad thing is that investors will lap it all up further inflating the hype and bubble.
90
05/03/2021 12:46:53 1 1
bbc
And all bubbles eventually burst. I see an initial rise in the share price followed by a mass dumping of stock when the reality hits home that it's just a dud.
96
05/03/2021 15:27:06 1 1
bbc
No assets ? You'd better report them to the SFO then since as a group they showed £90.8 million in assets in their last accounts ...
34
04/03/2021 17:48:55 6 1
bbc
Once upon a time people cooked, after a busy day on the couch working from home its well deserved. $7- Billion ??
35
AMc
04/03/2021 17:50:56 6 8
bbc
WHAT, FTSE!? London!?
That's not on the Remoaner list of expectations!!??
37
04/03/2021 17:55:01 1 3
bbc
Still well down on Dec 1999 close :-)
39
Amy
04/03/2021 18:06:14 2 1
bbc
About €9.2bn (£8.1bn) worth of shares were traded on Amsterdam exchanges each day, against €8.6bn in London.
2
04/03/2021 15:11:28 38 5
bbc
a firm that delivers your take away meal on push bikes valued at £5 billion
worlds gone crazy
36
AMc
04/03/2021 17:54:17 3 3
bbc
What a company that started off selling Paperbacks online now worth $1.7 Trillion, naaa, don't be stupid.

Just saying...
35
AMc
04/03/2021 17:50:56 6 8
bbc
WHAT, FTSE!? London!?
That's not on the Remoaner list of expectations!!??
37
04/03/2021 17:55:01 1 3
bbc
Still well down on Dec 1999 close :-)
38
04/03/2021 18:00:16 23 2
bbc
This company, like Ubereats and Just Eat take a chunk of an orders takings. Some contracts with deliveroo involve 30% of every order. It does generate income but at huge cost for the takeaway. Suggest ordering via phone or walking to your local because this will not end well for anyone except the Deliveroo and the others.
42
04/03/2021 18:14:29 9 3
bbc
Unfortunately the pandemic has further accelerated the trend of ordering from home. Deliveroo and their competitors have made it so easy to order with the push of a few buttons. Once people get used to convenience, they're unlikely to go back to walking to the takeaway and queuing.
35
AMc
04/03/2021 17:50:56 6 8
bbc
WHAT, FTSE!? London!?
That's not on the Remoaner list of expectations!!??
39
Amy
04/03/2021 18:06:14 2 1
bbc
About €9.2bn (£8.1bn) worth of shares were traded on Amsterdam exchanges each day, against €8.6bn in London.
49
JJ
04/03/2021 19:38:15 0 2
bbc
"While the figures are large, the overall impact on the City is small. Only a handful of jobs at the exchanges have had to move and the overall tax benefits to Amsterdam from a low-margin business such as trading will be minimal, according to Nick Bayley, a managing director at the consultancy Duff & Phelps." Source: Guardian 11.02.21.
32
04/03/2021 17:47:10 19 1
bbc
Deliveroo has upped its take from the restaurants from 25 to 35% of the total sale. This is unsustainable and it is ripe for a competitor. It is noteworthy that they gave up in Germany and could not compete. Numerous countries are changing the laws so that the people who deliver are employees. This will damage their business model. 7bn seems to be high risk. Amazon kept it afloat with $500m.
40
Amy
04/03/2021 18:07:30 11 1
bbc
Yeah that valuation is head scratch worthy. The competition seems rather large.
26
Amy
04/03/2021 17:16:49 0 1
bbc
Nah it was the Euronext stuff that all to went Amsterdam.

Much of the rest has remained. But all this hangs in the balance.
41
Amy
04/03/2021 18:08:15 2 1
bbc
Since Brexit ---> About €9.2bn (£8.1bn) worth of shares were traded on Amsterdam exchanges each day, against €8.6bn in London.
38
04/03/2021 18:00:16 23 2
bbc
This company, like Ubereats and Just Eat take a chunk of an orders takings. Some contracts with deliveroo involve 30% of every order. It does generate income but at huge cost for the takeaway. Suggest ordering via phone or walking to your local because this will not end well for anyone except the Deliveroo and the others.
42
04/03/2021 18:14:29 9 3
bbc
Unfortunately the pandemic has further accelerated the trend of ordering from home. Deliveroo and their competitors have made it so easy to order with the push of a few buttons. Once people get used to convenience, they're unlikely to go back to walking to the takeaway and queuing.
43
04/03/2021 18:25:53 13 2
bbc
After a year when obesity has been shown to increase the risk of Covid deaths and serious illness, it is disappointing, though perhaps unsurprising, that a takeaway delivery firm is worth so much.
44
04/03/2021 18:27:18 3 6
bbc
Finally we’re starting to get some good tech firms
45
04/03/2021 18:50:55 15 4
bbc
I hate to break it to you but the bicycle has been around for a couple of hundred years now.
46
04/03/2021 19:11:25 1 3
bbc
:-D

Shame about the cockroaches though....
44
04/03/2021 18:27:18 3 6
bbc
Finally we’re starting to get some good tech firms
45
04/03/2021 18:50:55 15 4
bbc
I hate to break it to you but the bicycle has been around for a couple of hundred years now.
44
04/03/2021 18:27:18 3 6
bbc
Finally we’re starting to get some good tech firms
46
04/03/2021 19:11:25 1 3
bbc
:-D

Shame about the cockroaches though....
47
04/03/2021 19:11:30 6 4
bbc
My postcode on Just Eat: 43 restaurants
My postcode on Deliveroo: 14 restaurants
My postcode on Uber Eats: 7 restaurants

I might order from Deliveroo or Uber Eats one day, if they ever offer anything I'd like, but as it is right now Just Eat get all my orders as they actually have many places I like signed up. Still, I try to order directly from restaurants where I can, to spare them the % cut.
58
04/03/2021 21:11:16 2 1
bbc
Just Eat has larger coverage in EU and UK. Deliveroo is only in 6 countries where as JustEat is in 15. Deliveroo left Germany after JustEat bought out Lieferando.
48
04/03/2021 19:17:32 7 3
bbc
I'll be there with lots of cash in hand when their offering goes public.

And I will push everyone else out of the way ... so I can ....

AVOID

And invest in proper companies that actually do useful stuff, while everyone else is fighting for their Deliveroo shares.
39
Amy
04/03/2021 18:06:14 2 1
bbc
About €9.2bn (£8.1bn) worth of shares were traded on Amsterdam exchanges each day, against €8.6bn in London.
49
JJ
04/03/2021 19:38:15 0 2
bbc
"While the figures are large, the overall impact on the City is small. Only a handful of jobs at the exchanges have had to move and the overall tax benefits to Amsterdam from a low-margin business such as trading will be minimal, according to Nick Bayley, a managing director at the consultancy Duff & Phelps." Source: Guardian 11.02.21.
50
04/03/2021 19:41:03 4 5
bbc
Do they cook this stuff in something called "Dark Kitchens" which can be kitchens within shipping containers, maybe that was another documentary?

66
04/03/2021 22:39:01 4 3
bbc
Delievroo cook nothing they are delivery facilitation platform for established food retail businesses.
2
04/03/2021 15:11:28 38 5
bbc
a firm that delivers your take away meal on push bikes valued at £5 billion
worlds gone crazy
51
Jim
04/03/2021 19:45:45 4 1
bbc
Push bikes? Most round here use ebike kits - massively overpowered, as fast as a moped, but dont have any insurance, test, theory etc
2
04/03/2021 15:11:28 38 5
bbc
a firm that delivers your take away meal on push bikes valued at £5 billion
worlds gone crazy
52
04/03/2021 19:57:00 1 1
bbc
Shares go up and down, please dont forget that when they go tits up next year.
53
04/03/2021 20:20:53 8 4
bbc
A chance to buy an overvalued loss making company.

Will pass on this one as well
62
04/03/2021 22:02:13 1 8
bbc
Says the financial expert...

The company will have undergone rigorous financial analysis / diligence (and spent a considerable sum of money) prior to deciding to proceed.
64
04/03/2021 22:33:50 4 2
bbc
It's absolutely a business that had no reason to exist
54
04/03/2021 20:20:36 3 8
bbc
Deliveroo chooses London for stock listing, how upsetting for team EU and the socialist who want to see England suffer, ain’t going to happen.
57
04/03/2021 21:06:26 6 2
bbc
As Deliveroo are only in 6 countries in Europe with HQ in London, makes sense to be listed in London. Just Eat is headquatered in Netherlands, covers 15 countries and is listed in Amsterdam and LSE. Deliveroo is small fry.
55
04/03/2021 20:47:58 2 3
bbc
Hmm this stock could go stale and cold faster than a late night bhaji as the takeaway market is likely to have a bit of re-set once the pandemic is over and I'm not sure the long-term model is really a steady profit maker. Only worth dipping into (see what I did there) if you think it's a good short-term 'buy and sell quick' bubble option.
56
04/03/2021 21:05:18 2 2
bbc
Clever, selling at peak delivery economy
87
05/03/2021 11:51:08 0 1
bbc
It's standard. IPOs are always at the time of the seller's choosing. So why would anyone sensible want to buy at that point?
54
04/03/2021 20:20:36 3 8
bbc
Deliveroo chooses London for stock listing, how upsetting for team EU and the socialist who want to see England suffer, ain’t going to happen.
57
04/03/2021 21:06:26 6 2
bbc
As Deliveroo are only in 6 countries in Europe with HQ in London, makes sense to be listed in London. Just Eat is headquatered in Netherlands, covers 15 countries and is listed in Amsterdam and LSE. Deliveroo is small fry.
69
04/03/2021 23:09:53 2 3
bbc
Well that depends on the size of those countries economies. The UK was 25% of the EU GDP. Line up the 15 against the 6 and return the facts. For starters Holland is piddly economy compared to the to the UK.
47
04/03/2021 19:11:30 6 4
bbc
My postcode on Just Eat: 43 restaurants
My postcode on Deliveroo: 14 restaurants
My postcode on Uber Eats: 7 restaurants

I might order from Deliveroo or Uber Eats one day, if they ever offer anything I'd like, but as it is right now Just Eat get all my orders as they actually have many places I like signed up. Still, I try to order directly from restaurants where I can, to spare them the % cut.
58
04/03/2021 21:11:16 2 1
bbc
Just Eat has larger coverage in EU and UK. Deliveroo is only in 6 countries where as JustEat is in 15. Deliveroo left Germany after JustEat bought out Lieferando.
59
04/03/2021 21:34:04 10 4
bbc
And we wonder why we are getting fat can't even be arsed to walk to the take away to get the rubbish unhealthy food
60
04/03/2021 21:47:50 7 2
bbc
dream on

Deliveroo chooses London for stock listing, how upsetting for team EU and the socialist who want to see England suffer, ain’t going to happen.

**
Were you expecting Walsall then??

What is the relevance of the EU or socialists??

............or did you just think of a few words and just try to make a coherent sentence?
61
04/03/2021 21:54:03 5 2
bbc
The Gig slaves should get cooperatives together and undercut the the likes of deliveroo etc
53
04/03/2021 20:20:53 8 4
bbc
A chance to buy an overvalued loss making company.

Will pass on this one as well
62
04/03/2021 22:02:13 1 8
bbc
Says the financial expert...

The company will have undergone rigorous financial analysis / diligence (and spent a considerable sum of money) prior to deciding to proceed.
63
04/03/2021 22:21:51 5 3
bbc
Sure, watch them plummet the moment they hit the floor.

Don’t buy until they reach 65%, then sell at 75%. Easy money.
53
04/03/2021 20:20:53 8 4
bbc
A chance to buy an overvalued loss making company.

Will pass on this one as well
64
04/03/2021 22:33:50 4 2
bbc
It's absolutely a business that had no reason to exist
65
04/03/2021 22:36:52 8 1
bbc
One to watch after Uber defined as employer for Uber Drivers. Cost ~ £2bn.

Deliveroo is effectively employer for the Deliveroo riders & drivers and may be slapped with a major cost in the future.
70
04/03/2021 23:21:05 4 1
bbc
Will be interesting to watch as will the whole development of the gig economy regards employment rights but Uber did fall into some very specific traps in terms of "contractor" control I don't know how Deliveroo fare in this regard.
88
Pip
05/03/2021 11:51:44 0 1
bbc
Maybe, but I doubt it under this lot.............?
50
04/03/2021 19:41:03 4 5
bbc
Do they cook this stuff in something called "Dark Kitchens" which can be kitchens within shipping containers, maybe that was another documentary?

66
04/03/2021 22:39:01 4 3
bbc
Delievroo cook nothing they are delivery facilitation platform for established food retail businesses.
67
04/03/2021 22:40:09 25 2
bbc
I refuse to use any of the delivery apps. They take vast sums of cash away from the same chinese / indian etc that you could use by phoning them direct. These companies supposedly deliver extra volumes to the supplier, but in reality have so many suppliers that there is no additional volume, just 20% less margin.
Folks - stop using these apps. Decide what you want and phone the takeaway yourself
68
You
04/03/2021 22:52:57 15 2
bbc
"I refuse to use...."

And we applaud you.
92
05/03/2021 13:04:06 1 1
bbc
Try 30%
67
04/03/2021 22:40:09 25 2
bbc
I refuse to use any of the delivery apps. They take vast sums of cash away from the same chinese / indian etc that you could use by phoning them direct. These companies supposedly deliver extra volumes to the supplier, but in reality have so many suppliers that there is no additional volume, just 20% less margin.
Folks - stop using these apps. Decide what you want and phone the takeaway yourself
68
You
04/03/2021 22:52:57 15 2
bbc
"I refuse to use...."

And we applaud you.
57
04/03/2021 21:06:26 6 2
bbc
As Deliveroo are only in 6 countries in Europe with HQ in London, makes sense to be listed in London. Just Eat is headquatered in Netherlands, covers 15 countries and is listed in Amsterdam and LSE. Deliveroo is small fry.
69
04/03/2021 23:09:53 2 3
bbc
Well that depends on the size of those countries economies. The UK was 25% of the EU GDP. Line up the 15 against the 6 and return the facts. For starters Holland is piddly economy compared to the to the UK.
93
05/03/2021 13:07:57 0 1
bbc
Important to remember that just eat is a slightly different business (as far as I understand it), in that one allows mainly designed to help smaller businesses take orders online whilst the other allows for all businesses to deliver.
65
04/03/2021 22:36:52 8 1
bbc
One to watch after Uber defined as employer for Uber Drivers. Cost ~ £2bn.

Deliveroo is effectively employer for the Deliveroo riders & drivers and may be slapped with a major cost in the future.
70
04/03/2021 23:21:05 4 1
bbc
Will be interesting to watch as will the whole development of the gig economy regards employment rights but Uber did fall into some very specific traps in terms of "contractor" control I don't know how Deliveroo fare in this regard.
71
04/03/2021 23:37:36 30 2
bbc
Thin people on bikes delivering to fat people on sofas.
73
05/03/2021 03:45:45 11 2
bbc
That's me lol - the tips are worth it
72
05/03/2021 01:21:42 10 2
bbc
I am torn two ways here. While I disagree with how Deliveroo operate (staff on low wages/long hours) I think we should be pleased we have a company wanting to invest long term in London and the UK.
71
04/03/2021 23:37:36 30 2
bbc
Thin people on bikes delivering to fat people on sofas.
73
05/03/2021 03:45:45 11 2
bbc
That's me lol - the tips are worth it
74
bbc
Removed
75
05/03/2021 06:43:23 6 4
bbc
Another joke company, stupid concept delivering fast food junk.
76
05/03/2021 07:34:40 14 3
bbc
Deliveroo unveils plans for '$7bn' London listing....yet another bubble waiting to burst. This listing is based on 'vapour' with not a single asset. Fools gold!
77
05/03/2021 07:53:48 4 2
bbc
100% agree.
78
05/03/2021 08:17:49 1 5
bbc
Its assets are the technology on the app that allows customers and food outlets to take advantage of delivery services without the need for food outlets to offer those services in house. Yet another dinosuar boomer with no understanding of the digital economy.
86
Pip
05/03/2021 11:49:53 0 2
bbc
You say that, but look at 'Bitcoin' would've thought that would be where it is, giant global 'Ponzi Sheme'.................?
76
05/03/2021 07:34:40 14 3
bbc
Deliveroo unveils plans for '$7bn' London listing....yet another bubble waiting to burst. This listing is based on 'vapour' with not a single asset. Fools gold!
77
05/03/2021 07:53:48 4 2
bbc
100% agree.
76
05/03/2021 07:34:40 14 3
bbc
Deliveroo unveils plans for '$7bn' London listing....yet another bubble waiting to burst. This listing is based on 'vapour' with not a single asset. Fools gold!
78
05/03/2021 08:17:49 1 5
bbc
Its assets are the technology on the app that allows customers and food outlets to take advantage of delivery services without the need for food outlets to offer those services in house. Yet another dinosuar boomer with no understanding of the digital economy.
101
05/03/2021 19:46:23 0 0
bbc
I agree there is a value to the technology used, but $7B? Seems a hell of a lot to me.
79
05/03/2021 08:36:28 15 3
bbc
Deliveroo, Just eat, doordash, uber eats all have 2 things in common, 1 they deliver food, 2 they have never made a penny in profits despite taking over 25% of the bill in fees... Now add to that the shock horror that they will need to treat their employees as humans and you can see why the investors are desperately trying to off load this one onto the the pension funds and mugs.
83
05/03/2021 11:27:51 6 2
bbc
Exactly, off load this business, before the law changes improving workers rights.
80
05/03/2021 09:42:08 9 3
bbc
Perhaps they are hoping to get one of Hancock's takeaway orders. He spent £50,000 on nine takeaways during a couple of months last year. The department of health is one of Bong Bongs Filipino's biggest customers.
98
05/03/2021 18:26:01 1 0
bbc
Do you have any proof of that or are you simply regurgitating false news from the media in general?
81
05/03/2021 11:11:40 7 2
bbc
Lets make Brexit Britain fatter.
94
05/03/2021 13:11:11 3 2
bbc
aside from the delivery people, who i expect are lovely and fit cycling about everywhere.
82
05/03/2021 11:27:39 9 3
bbc
Deliveroo is to list its shares in London in a move that could reportedly value it at about $7bn (£5bn).

Precisely what's it listing?

My PERSONAL OPINION is that this company is a parasitic company, reducing profits of small businesses and disposing responsibilities towards workers (by stating these workers do NOT work for them). No workplace pension!
95
05/03/2021 15:23:46 1 1
bbc
I just don't get how a delivery service can be worth so much money.
100
05/03/2021 19:42:53 0 0
bbc
Do Deliveroo force small companies to use them? As far as I am aware it's a choice the small company has, it's not a legal requirement.
Employment method is also a choice, nobody forces you to work for Deliveroo.
79
05/03/2021 08:36:28 15 3
bbc
Deliveroo, Just eat, doordash, uber eats all have 2 things in common, 1 they deliver food, 2 they have never made a penny in profits despite taking over 25% of the bill in fees... Now add to that the shock horror that they will need to treat their employees as humans and you can see why the investors are desperately trying to off load this one onto the the pension funds and mugs.
83
05/03/2021 11:27:51 6 2
bbc
Exactly, off load this business, before the law changes improving workers rights.
84
05/03/2021 11:36:52 3 9
bbc
Lazy millennials get take outs from poor folk wearing ludicruous green back boxes.
85
05/03/2021 11:42:25 1 7
bbc
Next it will be the thin cyclists delivering the food, chewing it for you and regurgitating it into your mouth, all for £9.95! Just phone and get it yourself.
76
05/03/2021 07:34:40 14 3
bbc
Deliveroo unveils plans for '$7bn' London listing....yet another bubble waiting to burst. This listing is based on 'vapour' with not a single asset. Fools gold!
86
Pip
05/03/2021 11:49:53 0 2
bbc
You say that, but look at 'Bitcoin' would've thought that would be where it is, giant global 'Ponzi Sheme'.................?
56
04/03/2021 21:05:18 2 2
bbc
Clever, selling at peak delivery economy
87
05/03/2021 11:51:08 0 1
bbc
It's standard. IPOs are always at the time of the seller's choosing. So why would anyone sensible want to buy at that point?
65
04/03/2021 22:36:52 8 1
bbc
One to watch after Uber defined as employer for Uber Drivers. Cost ~ £2bn.

Deliveroo is effectively employer for the Deliveroo riders & drivers and may be slapped with a major cost in the future.
88
Pip
05/03/2021 11:51:44 0 1
bbc
Maybe, but I doubt it under this lot.............?
89
05/03/2021 12:28:13 3 2
bbc
Teach people to cook healthy meals, tackle obesity, improve health.
33
04/03/2021 17:47:36 27 2
bbc
This is just bonkers. How can a company with almost no assets actually be worth this much?
If there was not "tech" or an "app" involved it would be listing for a fraction of this. They have never made a profit, the intellectual property behind them is not worth much.

The sad thing is that investors will lap it all up further inflating the hype and bubble.
90
05/03/2021 12:46:53 1 1
bbc
And all bubbles eventually burst. I see an initial rise in the share price followed by a mass dumping of stock when the reality hits home that it's just a dud.
15
04/03/2021 16:18:10 2 2
bbc
how many meals must be delivered to make enough profit to warrant a valuation of that size or is it just that they over charge
91
05/03/2021 13:00:27 0 1
bbc
Lets say the average delivery is £10. They take 30% so lets say £3 per delivery. They make 45k deliveries per day uk the UK. That's £49m revenue in the UK. They are in 12 markets. Does seem quite high valuation but they can/will grow and move into new sectors like Uber have.
67
04/03/2021 22:40:09 25 2
bbc
I refuse to use any of the delivery apps. They take vast sums of cash away from the same chinese / indian etc that you could use by phoning them direct. These companies supposedly deliver extra volumes to the supplier, but in reality have so many suppliers that there is no additional volume, just 20% less margin.
Folks - stop using these apps. Decide what you want and phone the takeaway yourself
92
05/03/2021 13:04:06 1 1
bbc
Try 30%
69
04/03/2021 23:09:53 2 3
bbc
Well that depends on the size of those countries economies. The UK was 25% of the EU GDP. Line up the 15 against the 6 and return the facts. For starters Holland is piddly economy compared to the to the UK.
93
05/03/2021 13:07:57 0 1
bbc
Important to remember that just eat is a slightly different business (as far as I understand it), in that one allows mainly designed to help smaller businesses take orders online whilst the other allows for all businesses to deliver.
81
05/03/2021 11:11:40 7 2
bbc
Lets make Brexit Britain fatter.
94
05/03/2021 13:11:11 3 2
bbc
aside from the delivery people, who i expect are lovely and fit cycling about everywhere.
82
05/03/2021 11:27:39 9 3
bbc
Deliveroo is to list its shares in London in a move that could reportedly value it at about $7bn (£5bn).

Precisely what's it listing?

My PERSONAL OPINION is that this company is a parasitic company, reducing profits of small businesses and disposing responsibilities towards workers (by stating these workers do NOT work for them). No workplace pension!
95
05/03/2021 15:23:46 1 1
bbc
I just don't get how a delivery service can be worth so much money.
33
04/03/2021 17:47:36 27 2
bbc
This is just bonkers. How can a company with almost no assets actually be worth this much?
If there was not "tech" or an "app" involved it would be listing for a fraction of this. They have never made a profit, the intellectual property behind them is not worth much.

The sad thing is that investors will lap it all up further inflating the hype and bubble.
96
05/03/2021 15:27:06 1 1
bbc
No assets ? You'd better report them to the SFO then since as a group they showed £90.8 million in assets in their last accounts ...
22
04/03/2021 17:01:17 1 3
bbc
This is all designed to pay for forthcoming employee employment rights that will be verified as per Uber.....pension, sick pay, holiday pay etc
97
05/03/2021 17:07:45 0 0
bbc
not in tory runuk it wont. the tory party are the party of business and slave labour . they are bringing in millions of south asians and africans to do these jobs because they know that they will work for less than the eu workers . next up scrap the minimum wage because it is harming the economy. vile tory vermin
80
05/03/2021 09:42:08 9 3
bbc
Perhaps they are hoping to get one of Hancock's takeaway orders. He spent £50,000 on nine takeaways during a couple of months last year. The department of health is one of Bong Bongs Filipino's biggest customers.
98
05/03/2021 18:26:01 1 0
bbc
Do you have any proof of that or are you simply regurgitating false news from the media in general?
99
05/03/2021 18:32:26 0 0
bbc
Lazy parents couldnt be bothered to show their kids how to cook as they were wasting there time on facebook
82
05/03/2021 11:27:39 9 3
bbc
Deliveroo is to list its shares in London in a move that could reportedly value it at about $7bn (£5bn).

Precisely what's it listing?

My PERSONAL OPINION is that this company is a parasitic company, reducing profits of small businesses and disposing responsibilities towards workers (by stating these workers do NOT work for them). No workplace pension!
100
05/03/2021 19:42:53 0 0
bbc
Do Deliveroo force small companies to use them? As far as I am aware it's a choice the small company has, it's not a legal requirement.
Employment method is also a choice, nobody forces you to work for Deliveroo.