||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Just Eat Share Discussion Threads
Showing 426 to 447 of 450 messages
|Yep. Hope they sell out in 2/3 years time. sub 550p decent buy imo.|
|do you think long term this is ok philo|
|do you think long term this is ok philo|
|Perception things slowing down.|
|so why is the share price falling- is 36pc not good? or is this due to profit taking-anyone please!|
|a lot of buying today is this anticipating a good update tomorrow - i am new here and wish to have an idea from long term holders what they expect? many thanks for any insight!|
|Needs to breach 600p rather than re-trace.|
|They've bought hungryhouse a loss making business, £3 billion business making £4 million.
When will this house of cards tumble?|
|Thanks a lot, very useful.|
|Seems like a very hash fall from the recent ATH 623.5 intraday to 552.5 is about 11% down. Below the 50 day MA now but not oversold. I had a Fib target at 671 and with recent broker targets 880-1000 I think I will hang on for at least that before profit slicing. Maybe 600 is too great a psychological hurdle for traders.
When I saw the SKY takeover bid last week I thought "who would replace them in the FTSE100". There was a reshuffle yesterday and without this big fall JE would have been top of the reserve list if share price over 610. #4 at present. I think maybe these recent acquisitions may be to blame. Will the hungryhouse acquisition even get past the competition authority??
Reserve List (Review 1 DEC effective 19 Dec)
Base on Mcap at Monday close
Scottish Mortgage Inv Tst
Auto Trader Group
Fib target 671
free stock charts from uk.advfn.com|
|buys are interesting, clearly.. Like any sector, once a brand gains a prominent footprint, if margins are seen as thin, there always comes a point where other competitors and possible business leave it. Investors give up or at least understand the chance has gone.
Like Facebook, is for social, no point anyone competing, Google for search etc, Microsoft for software etc there is no point spending too much money chipping £1 when you spend £10 from the competitor.
This consolidation cements my view ( I do not hold ), JE will secure its brand, globally and will become the norm for the food sector. They will still need to work hard and adapt and change their strategy for reasons I believe are clear.
They are doing well, but not as well as they could be. They do not have critical mass on the takeaway sector and not every uses their service. As youngsters grow up, they will use this service, so from here, placing a call for them is a no no, placing an order is what it will be all about. The infrastructure is there, the service is there, this is now about planning for the future.
They need these purchases to justify it current price, market cap and future growth. We will see how the evolve and develop.|
|JE. expect more UPGRADES from brokers tomorrow. (xmas parties today)
Just Eat broker views
Date Broker Recommendation Price Old target price New target price Notes
15 Dec 16 Jefferies International Buy 600.25 1000.00 1000.00 Reiterates
25 Nov 16 Deutsche Bank Buy 600.25 - - Reiterates
24 Nov 16 Goldman Sachs Conviction Buy 600.25 760.00 880.00 Reiterates|
|Just Eat PLC 66.3% Potential Upside Indicated by Jefferies International
Posted by: Amilia Stone 15th December 2016
Just Eat PLC with EPIC/TICKER LON:JE has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Jefferies International. Just Eat PLC are listed in the Consumer Services sector within UK Main Market. Jefferies International have set their target price at 1000 GBX on its stock. This is indicating the analyst believes there is a potential upside of 66.3% from the opening price of 601.5 GBX. Over the last 30 and 90 trading days the company share price has increased 34 points and increased 51 points respectively.
Just Eat PLC LON:JE has a 50 day moving average of 567.13 GBX and a 200 Day Moving Average share price is recorded at 495.09 GBX. The 52 week high for the stock is 623.5 GBX while the year low share price is currently 319.6 GBX. There are currently 677,341,423 shares in issue with the average daily volume traded being 2,788,570. Market capitalisation for LON:JE is £4,138,556,095 GBP.
Just Eat PLC is a United Kingdom-based operator of digital marketplace for takeaway food delivery. The Company’s segments include United Kingdom, Australia and New Zealand, Established Markets and Developing Markets. The Established Markets segment includes Canada, Denmark, France Ireland, Norway and Switzerland|
|Not for me. Way overvalued despite these acquisitions which seem a sensible fit. Having used their product not a fan.|
the big fella
|These both look to be broadly sensible deals which should help shore up market share in two of Just Eat’s key territories, helping to drive economies of scale and strengthening the group's presence here. It’s consistent with management's strategy, and looks like it will be largely funded from internal resources, so at first glance a positive development for the business.|
|Broker Note for JE. Just Eat
Canaccord..BUY 680p Target Price.
JUST EAT is a highly cash generative business, with a clear strategy of using M&A to expand market share in its existing territories. Today's acquisitions, which we expect to be earnings enhancing in aggregate from 2017, look to be mostly funded from internal resources. The hungryhouse deal is expected to be EPS accretive in the first full year of ownership, with a pro forma EBITDA contribution of around £12-15m expected in 2017 thanks to material synergies with the existing business. It provides the group with an enlarged customer base and restaurant network, further entrenching what is a significant market share in the important UK territory, which on current numbers represents c.64% of group orders. The purchase price (potentially £240m in total) implies a maximum 16-20x forward EV/EBITDA multiple including synergies, and potentially a 7-8% pro forma EBITDA impact, based on management's guidance of a pro forma £12-15m EBITDA contribution in 2017. However, the timing of completion is uncertain, - it's subject to approval by the Competition and Markets Authority (CMA) and could take time to close, which will have a bearing on the actual contribution next year. On the other hand, the acquisition of SkipTheDishes is expected to complete today.
SkipTheDishes has contracts with over 2,900 restaurants and 350,000 active customers in the Canadian market. The business has posted very strong growth in 2016, with expected revenues of CAD23.5m (c.£14m), and orders growing 186% to 1.6m in the 10 months to October. There is little geographical overlap with JE's current Canadian operations. It’s expected to be moderately earnings dilutive in 2017 and 2018 given its earlier stage, but accretive thereafter.
These both look to be broadly sensible deals which should help shore up market share in two of Just Eat’s key territories, helping to drive economies of scale and strengthening the group's presence here. It’s consistent with management's strategy, and looks like it will be largely funded from internal resources, so at first glance a positive development for the business.
The shares trade on 22.0x 2017 EV/EBITDA and 35.4x earnings. Our 680p target price implies 25.4x EV/EBITDA.|
|Wedging along the lows for the past few weeks plus a rather dramatic turn around today... I'm suspicious of this one.|
|JE. breakout confirmed?????
Just Eat JE. Jefferies International Buy 582.50 597.50 1,000.00 1,000.00 Reiterates
SP Target 1,000.00|
|They already have a presence in London, fits their biz model.|
|Care to develop a bit on that? Is Amazon on the market for food delivery co's?What makes you think there is even such a possibility?|