Any Views On Uber?

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

  1. Chartman

    Chartman Senior Investor

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    I think Uber is the main player here but how investors react with the ongoing Chinese trade war and concerns about competition in the sector is anyones guess just now. I still struggle to get my head around the fact a company valued at circa $80b will not make a profit in the foreseeable future (if ever). Its not as if it could "switch off the investment tap" and the profit would pour in.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Uber is probably the more likely of all companies in this area to succeed. It has the money, the management has been shaken up and while not everything has gone to plan, it is well set up for the future. The ongoing dispute with drivers is a problem but one which should be fairly easy to solve. Even if this was to add a different layer of cost to the end taxi fare, it would still likely be much cheaper than traditional taxis.
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    I see both UBER and LYFT are under a bit of pressure. However, all in all UBER has held up fairly well after the initial falls.
     
  4. Buyonthedips

    Buyonthedips Senior Investor

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    With the market hitting a new high I would have expected a stock like UBER to get dragged along.
     
  5. longtermbull

    longtermbull Administrator Staff Member

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  6. gowiththeflow

    gowiththeflow Senior Investor

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  7. longtermbull

    longtermbull Administrator Staff Member

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    While market conditions have changed it looks as though Uber floated at the best time in recent years - taking advantage of investor appetite for new tech stories before the bubble burst. Hats off to the advisors and management :)
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    The Uber share price will likely have wild swings on any type of news. Figures at this stage are impossible to predict with any real confidence so unlikely to hit forecasts on the nose :)
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    Uber is a market disrupter just like Tesla - I think we should expect a similar level of volatility in the share price!
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    Not looking good for the sector at the moment!
     
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