Any Views On Uber?

Discussion in 'General Trading Discussion' started by longtermbull, May 10, 2019.

  1. longtermbull

    longtermbull Administrator Staff Member

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    Looks like the IPO price has been been set at $45 - the bottom end of the indicative $44 to $50 range. Any views on this huge IPO?
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    Not the best start in the world, dropping to $42 then back towards the $45 IPO price only yo end the day at $41.57. It will be some time before Uber is profitable ( if ever) and I predict a very very rocky ride for the share price :)
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    In the short term there is no doubt that Uber will be an extremely volatile share price. We are talking about company with a valuation of circa $80 billion which has so far raised $24 billion to cover development and losses. When will it start making a profit?
     
  4. Buyonthedips

    Buyonthedips Senior Investor

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    For those with an appetite for high risk/high reward stocks, Uber certainly falls into that category! For the brave, this one would probably be a buy on the dips.
     
  5. Chartman

    Chartman Senior Investor

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    We have a share price graph link - not looking good!

    [​IMG]
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Not the best of starts for one of the largest IPOs in living history! There will be a time when the shares look good value but at this moment in time it is difficult to say when the company will move into profitability.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    This one is certainly going to be a rocky ride! However, bearing in mind all of the negative comment that is quite a significant bounce.
     
  8. Chartman

    Chartman Senior Investor

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    This one is going to take a little time to settle down - impressed that it bounced back after such a dramatica fall during the first few days.
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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    I always find it funny that stocks like Uber - non-profit making so far - are promoted and hyped to heaven ahead of their floatation. Then when they hit the market, the bankers, brokers and founders having banked their money, they are left out on a limb with no broker support. Personally I think Uber is not too bad an investment but would prefer to see things settle down before dipping my toe in the water.
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    Still bouncing around the $40+ level. I saw there was a good rise yesterday for the company's main competitor LYFT.

    [​IMG]
     
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