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P2P p2p transport limited

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TwoTwoZero

92 Posts.

21

10/09/19

23:12

Post #: 40372532
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Originally posted by BusinessSocks: ↑

At the end of the day, Uber is losing $5bn a quarter. The only way for them to get close to breaking even is increasing their fee. Very quickly this would make taxis a viable alternative again.

this coupled with the fact that this company is trading at 2x earnings. How can you have a company with 2000 vehicles on the road trading at a $12m market cap.

Management is solid. I think this business will make 10% net margins until the cows come home.

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Interesting business, trying to understand it. How'd you get the 2x figure?

P2P Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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Hidden Gem, page-4

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