Equity Analyst, LightStream Research

Oshadhi Kumarasiri

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's largest asset managers with about USD2.5trn in AUM, covering small and micro-cap companies in the consumer sphere across Europe and developed Asia. Also experienced in covering multiple industries including banking, insurance and asset management, retail, tech, telco and REIT.

Equity Analyst

Deliveroo IPO First Day Trading: Too Risky to Hold Long Term

Deliveroo: Share Buyback & Exit from Netherlands Not Enough to Offset Lack of COVID Restrictions

Deliveroo IPO: Plagued With Intense Competition

Deliveroo Part 6 - White Label Killed the Delivery Star

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

The Bureau of Investigative Journalism, a non-profit news organisation based in London, published an article on 25th March 2021, accusing <a href="https://www.smartkarma.com/entities/roofoods-ltd" target="_blank" data-smartkarma-citation="entities:27468:1" rel="noopener">Deliveroo (1022770D LN)</a> of exploiting its riders through paying significantly less than the minimum wage requirement in the UK.<a href="https://www.thebureauinvestigates.com/stories/2021-03-25/deliveroo-riders-earning-as-little-as-2-pounds" target="_blank" rel="noopener">https://www.thebureauinvestigates.com/stories/2021-03-25/deliveroo-riders-earning-as-little-as-2-pounds</a>After the release of the news article, several high-profile assets managers have commented that they would not take part in the IPO, which was priced at £3.9-4.6 per share on 22nd March 2021. The decision to avoid the company’s IPO by big investment firms like <a target="_blank">Aviva, Aberdeen, Legal &amp; General, BMO Global, CCLA and M&amp;G Investments </a>could have severe consequences to an IPO as big as Delieveroo (£1.8bn), especially when the listing is expected to take place on 7th April 2021 (just 11 days from now).

The Bureau of Investigative Journalism, a non-profit news organisation based in London, published an article on 25th March 2021, accusing Deliveroo (1022770D LN) of exploiting its riders through paying significantly less than the minimum wage requirement in the UK.https://www.thebureauinvestigates.com/stories/2021-03-25/deliveroo-riders-earning-as-little-as-2-poundsAfter the release of the news article, several high-profile assets managers have commented that they would not take part in the IPO, which was priced at £3.9-4.6 per share on 22nd March 2021. The decision to avoid the company’s IPO by big investment firms like Aviva, Aberdeen, Legal &amp; General, BMO Global, CCLA and M&amp;G Investments could have severe consequences to an IPO as big as Delieveroo (£1.8bn), especially when the listing is expected to take place on 7th April 2021 (just 11 days from now).

Deliveroo IPO Hangs In The Balance: Multiple Asset Managers Opt To Snub The IPO Over Workers’ Rights