Can anyone from Freetrade support add icon “join discussion” on free trade app?
Cc @Rajan07
Well I never… They are Seriously ramping up advertising and marketing at the moment. Did not know they are floating
They growing very very fast - taking over biggest car sell companies in Europe.
I working for them
Why has the stock effectively halfed over the past 2 months?
Iv not seen any bad news, just the good one. (last one was acquired brumbrum in Italy!)
Because we are in the midst of a ‘pandemic stock’ crash. Zoom, Peloton, Cazoo etc etc, were all way overvalued and are coming crashing back to earth.
Cazoo are targeting 200% revenue growth and 100,000 car sales in 2022.
They have rasied $630 million in capital to fund this growth.
13 pence now… worse than crypto
Is there a chance now they will be delisted like Astra might be
From what I understand it won’t effect you unless you own shares under the ticker symbol CZOO WS.
I think that symbol is for employees only but obviously cazoo isn’t doing too well right now. I’m a long term investor and I’m holding with cazoo. I think they have a future it’s just very difficult times out there right now.
Cazoo are consolidating stocks in accordance with the $1 regulations.
Has anyone else taken a look at this one? It’s covered in red flags but have to wonder if it’s a lottery ticket?
Cash runway for 2-3 years and have recently cut a lot of costs shutting 15 of 22 car centres and have slashed their marketing spend.
From sn $8 billion valuation from IPO to $40 million now and heavily in debt. Not one I would touch but not done any meaningful research.
Like Cineworld on paper potential but realistically it’s in a very competitive market which if the economy keeps heading down it’s only going to get tougher for them as they are cutting costs / closing sites rather than growing
It a Icarus level fall from grace isn’t it @Coolsmp
@Henners21 I was banging to anti-Cineworld drum loudly but that was because it was a basket case in a dying industry. Cazoo seems like a basket case in a stable industry? Maybe? It could be one hell of a reach but at these valuations only a little good news could effect the price dramatically.
Might need to dig deeper.
Look at https://www.constellationautomotive.com/our-brands
Look at the control they have of The sector and see if you believe Cazoo can compete
Marshall were forced to sell the Toyota and Lexus dealerships else where in the car dealership world Pendragon sells all of their dealership network.