Anyone follow this company, is the stock going to worthless or worth the risk of a quick gain? It’s dropped a lot but still see a few them on the streets?
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The government here gave them lots of money to get started. Perhaps boss man ran off with it? I can’t believe it’s failing that much on its own. It’s a subscription model for battery swap and the government helped to make sure there were battery swap stations at most gas stations. They can’t have organically imploded.
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This story says lost 10 billion last five years, so wonder they have enough cash to last
https://www.taiwannews.com.tw/news/5935987
I will research it more, seems very high risky stock
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What is stock code?
If in U.S. market, it should be priced in USD, not Euros.
Google “rules for NASDAQ stocks under $1”
Delisting could happen.
Sometimes stocks do reverse stock split to get price back up.
A slippery slope its stock is on right now.
This is what I mean they investing in some cryptos is still better than some stocks cos the crypto won’t get to zero and even if they plunge there’s always a chance to bounce , but some stocks actually will kill your entire investment…personally I don’t see the point in betting on this one.
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Gogoro stock is down 48% in the past month, including a drop of 35% in the past 5 days. This is quite frankly a disaster.
The recent drops might be related to the founder leaving:
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I mean, the product was only successful in Taiwan because of the huge and fraudulent subsidies. It’s a fake success story that couldn’t transfer to overseas markets.
Caveat: I know nothing about this subject. 
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According to this report, they’ve sold 600,000 scooters in Taiwan:
I guess that’s relatively high compared to the countries population - but it’s not really a huge amount.
Side note, I’m surprised all food delivery scooters and mailman motorcycles are not Gogoros already. It seems like they missed some obvious opportunities for local business partnerships.
They just launched in Singapore and India. So let’s see.
They cost more to run per km than petrol, so people started switching back when they scrapped the unlimited km subscription.
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Yes, this. They tried so many different markets since at least 2016 already, partnerships with companies all over and it never seems to work out. You have to dig a bit for the news though, local media almost exclusively only reports on the “expansions”, not on the closures. IMO the use cases where it makes economic sense to use one are too few.
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Well yes they got subsidies but so do most industries. As long as they switched people over from noisy fossil fuel scooters it’s been a success story in my books.
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OK, so I did not buy. I got AMC instead (fifth time this year buy/sell) which is my high risk stock, rest not move much.
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I mean theres still tons of people riding them. The bikes are the best electric scooters out there and goshare is an amazingly useful service.
They have some business ideas that should be improved though. The subscription fee turns people off and so does not being able to charge the bikes yourself.
Criticism of these is fine but its not really fair to call them a flop because kymcosyms are still cheaper.
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I want a bike that runs off of the sun and the wind, the moon and the stars, a well written haiku, the arc of a diver.
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Kymco and Sym PETROL scooters also got subsidies sometimes before people criticise Gogoro too much.
And scooter emissions are really not good for our health. Just because they are cheaper doesn’t mean they are better for us.
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That stock has hardly moved in six months, how are you trading it ?
Another one that is good for volatility trading is Coin.
Having just reviewed their topline performance over the last 4 years, I don’t think it’s very encouraging. Gogoro Second Quarter 2024 Earnings: US$0.08 loss per share (vs US$0.024 loss in 2Q 2023) (yahoo.com)
Revenue has gone nowhere in 4 years. Profits are non-existent, losses are slowly widening. I think with its stock price as low as it is, you could see a reverse share split (even 20:1 reverse only puts them at about $12), a delisting or a takeover. I think it makes an attractive takeover: proven technology, established product, ongoing customer base.
The factors that made two-wheel powered transportation here attractive don’t apply to much of the developed world… so what are its potential markets? Indonesia? Thailand? Vietnam? I’m pretty sure they all have domestic production as well.
So the potential suitors are probably going to be domestic with overseas connections in the business at some point in the process. I think maybe a parts manufacturer with bigger ambitions is a likely candidate.
Gogoro’s backers include Singapore state-investment firm Temasek, former U.S. Vice President Al Gore’s Generation Investment Management and Yin Chung-yao, son of Samuel Yin, the billionaire chairman of Taiwan conglomerate Ruentex Group. (*forbes magazine article Taiwan’s Gogoro Revs Up Overseas Expansion Plans For Its Battery Swapping Electric Two-Wheelers (forbes.com))
So their pockets are big enough to fund for quite a while. But ten years of losses suggest that they might be looking to change direction. Only 11.7% institutional ownership, and 39.7% insiders (?). Short shares are low enough, too, to not provide a GME share surge. Is there a bottom to the stock price? Well…
IANAFA. Do your own research! LOL!
What is the actual product like though? Are these scooters made to last?
The other thing I noticed in that article above is someone locally ratted them out for not using a Taiwanese supplier. I just wonder if they were always getting the ‘local price’ when buying components, or the ‘these blow ins are being subsidised’ price. Sounds like some shenanigans at play there.