||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Just Eat Share Discussion Threads
Showing 376 to 399 of 400 messages
|650p my target.|
|Simon French of Cenkos crushes all the news into one paragraph. DOMINO's versus JUST EAT
DOMINO’S PIZZA (DOM LN, 373p, £1.8bn, SELL) has announced a robust trading performance for Q3 2016 achieving further progress in system sales metrics, albeit against tough comparatives. The core UK business achieved 3.9% LFL growth in Q3 2016 system sales (c.f. 14.9% in Q3 2015) with YTD LFL sales growth of 8.6%. We believe our full-year 2016 estimate of 10.0% LFL UK system sales growth remains achievable pending a resilient Q4 performance. Digital sales continue to progress, increasing by 18.1% during the period with a continued migration of sales orders being captured online (over 81%) and with 64% placed via mobile/app during YTD. The store opening programme also continues apace with 21 new UK stores opened during the period (51 YTD) with management guidance now being increased from 70 new stores in 2016 to 80. The international businesses performed below our expectations during the quarter with LFL system sales increasing by 7.6% in Ireland and flat in Switzerland, leaving a bigger ask in Q4 trading to hit our full-year expectations. The new Icelandic business has made a positive contribution with 4 stores opened in the year to date while the German JV has performed in-line with management expectations. Despite the tougher H2 trading comparatives, management has today reiterated it remains confident of achieving full-year 2016 results in-line with market expectations (Cenkos estimates – adjusted pre-tax £84.4m, adjusted EPS 13.6p and dividend of 8.17p). The shares trade on a 2016 EV/EBITDA rating of 18.1x falling to 15.1x in 2018 based on forecasts. While the business continues to trade well, there remain ongoing headwinds and there is no room for error in Q4 trading. We continue to prefer the pure-play digital platform JUST EAT, that although trades on a premium (2016 EV/EBITDA of 33.0x falling to 17.9x in 2018), has enjoyed several upgrades to forecasts in the current year and has outperformed the All-Share in contrast to the underperformance observed with Domino’s. In our view this stock offers investors a much stronger profile of reward relative to valuation and we continue to recommend investors switch from Domino’s where the risk to forecasts remains on the downside.|
Price Target 1,000.00p
Bloomberg LSE: JE/ LN
Just Eat's upcoming Q316 order update, due Wednesday 2 November. The Domino's Q316 update today, we think is perhaps the most meaningful indicator of how Just Eat will do, particularly in the United Kingdom.
The UK, Just Eat's key market. The home market, one of the most attractive geographies for online takeaway food aggregators and at H116, £111m revenue, +44% YoY growth, 64% Group, driving £58m EBITDA, a 52% margin, +770bps YoY.
An alternative, more balanced view perhaps. The timing of Easter makes the actual Q1/Q2 order growth rates c.38% and 36%. The 2015 comps trend thus +50%, +50%, +50% and +44%. Weather something of a tailwind then in '15, it does feel like it was a rather good, and rather extended summer, even in Newport! In recent investor meetings, Just Eat saw consensus Q316 UK order growth expectations at c.+26%, and they appeared relaxed with that. The major rebranding and associated advertising campaign in the second half September, probably too late to drive Q3, but will drive Q4...
And not being glib, but really not sure whether it matters and should it crystallise near-term weakness in the equity, genuinely a time to build/add to positions. Buy, PT 1000p.|
|Time Out Group plc
(“Time Out” or “Group”)
Time Out associate Flypay secures £3.5m investment from JUST EAT
London (10 October, 2016) – Time Out-associate company, Flypay, the market leader in innovative, state-of-the-art technology for the hospitality industry, announced today it has secured a £3.5m investment from Just Eat, the leading marketplace for online food delivery.
Time Out, the global multi-platform media and e-commerce business with food & cultural markets, will hold a stake of 38% in Flypay after the investment from Just Eat.
|650 and 735 next upside levels model shows|
|Good buying volume here|
|It's down because of Amazon|
|Big placing going to be announced ......|
Valid point, but I disagree. If you have 100 takeaways in one city, people would not download a hundred apps.
Yes you can have your own site, app, but then you'll soon be spending it on adverts on google etc and voucher sites.
The facts are, if something can offer the customer an alternative, with convenience it will work.
With limited effort I could go to a city and think, where are the nearest takeaways, yes I would check google and call no, but I could use this instead if my address is registered.
It serves a purpose for those who want to use it, in the same way as some prefer going in or using the telephone. It offers an alternative.|
|There go the tulip prices. Almost infinite interest free VC money available to a multitude of competitors.|
|Barclays Capital downgrade.|
|Just high momentum stocks going into reverse today. When something is on a P/S of 12 then price moves either way are always exaggerated since so much of the value is in the future unknown performance of the business and small changes of assumptions have big impacts. Most people just end up following the short term momentum which then exaggerates the moves.|
|What gives ??|
|The Rocket subsidiary in this space, and JE, have been dividing up the world so they have oligopolies rather than competing head to head. This cuts out the cost of competition, for example not having to be so aggressive on price or advertising. I still think that an aggregator works against the interests of the establishments themselves and that more will transition to their own app based on one of the many platforms, for example httP://www.taptakeaway.com/|
|Philo, I think ISA knows that. My question is the same, but what fundamentals have changed. Maybe it's a question of wanting to collect cheap stock before.|
|Thank you. They pay Restaurants fortnightly now instead of monthly.|
|JE Business Model
Restaurants pay a one-off fee to join the JUST EAT network. The pricing of connection fees varies with geography, depending on market maturity. In the UK it is a one-off charge of up to £850 (depending on geography). Other countries may pay an annual fee e.g. Denmark.
Commission is charged to restaurants on the value of successful orders placed by consumers. The rate charged varies by country - 12% in the UK.
Payment card/admin fees
A small fee is charged typically on orders paid for by card. Restaurants can choose to pass this fee on to the consumer.
Top-placement fee and other revenue
Restaurants can choose to pay for additional services such as promotional top- placement and branded commodity products like menus, delivery boxes, which JE can supply at lower prices. Top-placement fees are charged to restaurants who want to be listed in one of four clearly-labelled sponsored slots at the top of search results in a particular postcode. By paying this fee, the restaurant secures a top- placement slot for a particular postcode for a period of up to 12 weeks.|
|Because they are now long.|
|why are they saying worth £10. Not long ago they were talking or shorting this at £3.50.|
|missed the spike.
I'd like to know JE business model for merchants. I assume its not a secret, meaning if I was a takeaway what would the process be:
1) They contact JE and apply to join?
2) JE send paper work with standard pricing? Is it 10% fee plus a standard charge for the platform?
3) Merchant suscribed, receives a sign and live date.
4) Merchant uploads a list of products or select from their database?
Does anyone know the facts?|
|Post 367 verified by broker. Great!|
|Thanks, nice 8k paper profit at the moment.|