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The comedy continues at Deliveroo

By Chris Bailey | Thursday 16 March 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Whilst I continue to very occasionally use Deliveroo (ROO) to deliver an alternative family meal, my guess is that the two or three times a year level will slow a bit further in 2023. And I reckon we are not the only people doing this. As for the company’s shares, I have long been very cautious of this name with its comedy 2021 IPO and, after nearly reaching a 400p share price in August that year, they have been correctly lurking below a 100p share price level for the last six months.
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