Just Eat Share Discussion Threads

[hpcg] 18/12/2015 20:26

Closed my short this a.m. Chart trends look good for longs.

[largerab] 17/12/2015 21:23

thats not 10 by the way

[largerab] 17/12/2015 21:22

short@5.00

[largerab] 17/12/2015 21:22

short@5.00

[hpcg] 11/12/2015 16:52

I put on a small short today for a clip down to the 200 day which has acted as support. I also notice that Hungry House has started getting more aggressive with marketing. In general though I would say the chart looks bullish for now.

[tpaulbeaumont] 11/12/2015 11:59

fair play asagi, share price done nowt in 8 months so whilst meandering higher prolly not worth the heart burn, low puts will still multibag once a repricing starts

[from8to800] 11/12/2015 11:38

I'm wondering why no one seems the tiniest bit impressed with JE earnings growth of over 200% and what to me is a double bottom pattern where the middle of the "W" will be broken at 437p.

[asagi] 11/12/2015 11:24

I closed my short a week or so ago when I learned that JustEat was managing to push through 25% commissions (source: a single takeaway)

That's not sustainable in my view and will only push takeaways to develop their own solution even faster. However, it would play VERY well in an RNS and the possibility of waking up to a 20% share price rise forced me out.

However, I maintain that the shares are grossly overvalued and will come a cropper. I just want to see some signs from the company itself before going back in.

Asagi (no position)

[breaktwister] 11/12/2015 11:23

Easiest short on the market, so overvalued its stupid. Gl to all longs, how much upside do you think there is here? Do you even have a personal valuation or target price or do you just buy stock because they force your local takeaways to put their sticker in the window?

[tpaulbeaumont] 11/12/2015 10:46

dunno how strong it is while its still below mays hi?

[cabreado] 11/12/2015 08:55

Ha ha you guys still shorting this... You have a hell of a lot of patience considering this is still going strong.

[asagi] 30/11/2015 14:29

well, the kukd.com app is now live in Google play at least.

Asagi (short JE.)

[asagi] 30/11/2015 13:00

hpcg - all good stuff. EatFirst is, essentially, MealsonWheels. While the Boots Meal Deal is the alternative to making a packed lunch, EatFirst appears to be the alternative to cooking yourself.

Perhaps some takeaways cannot chain because they are so reliant on cash transactions and the admin doesn't scale?

The 'dark store' question is important. It does seem that once takeaways get serious, they try and go without JustEat.

kukd.com seems to be doing well among Indian takeaways.

Asagi (short JE.)

[hpcg] 30/11/2015 11:50

Asagi - that made me laugh. EatFirst is strikingly similar to Meals on wheels. Now I have stopped laughing, I can see where they are coming from - drop the store front and run only from the web. This is almost what pizza delivery already does, and is somewhat akin to a supermarket dark store.

I can't yet decide whether I think it is a threat to JE and to small takeaway only / delivery operations. It could be - I have always wondered why quality Indian and Chinese operations have struggled to chain to a significant degree. Masala Zone is an exception. It is even worse in kebab world as most often the quality is dire. Best Mangal - Fulham (3 restaurants) is easily the best kebabs I've ever had - yet there is another small Best Mangal chain (Old Street, Farringdon, Kings X).

www.bestmangal.com and www.thebestmangal.com resepectively.

Also an operation which could satisfy the whole family across a disparate set of food types might well be able to establish a competitive advantage.

[asagi] 29/11/2015 18:24

Well, you wait all year for a Just Eat competitor to emerge and then two turn up at once.

Just Eat and Deliveroo have a hungry new competitor
EatFirst has raised $8m to build 'the biggest restaurant in the world'.

EatFirst is a new entrant into the online food delivery market with a big difference. While Deliveroo relies on existing restaurants and Just East doesn’t do its own deliveries, EatFirst controls the whole of the ‘value chain’ – from the chefs in its own kitchens to the drivers who take its food to customers....

Since launching in London last year the company has delivered more than 100,000 meals and is growing 30% month-on-month and it also launched a second operation in Berlin last autumn."


also, kukd.com is now taking orders. Try sticking your postcode in the website! But there doesn't seem to be an app.... yet.

Asagi (short JE.)

[hairy] 13/11/2015 15:54

My daughter had the phishing email and she is convinced that most of the data that was in the mail could have only originated from JE. It was the most sophisticated scam that she had ever seen when she looked into it and was pretty convinced it was genuinely from JE given the personal nature.

[asagi] 13/11/2015 11:40

I'm disinclined to believe that there has been a hack. I expect things would have moved faster than this if it were the case.

Asagi (short JE.)

[hpcg] 13/11/2015 10:47

Actually, it would not surprise me at all if the JE app was fragile. As I have commented before it looks amateur. I delete it from all devices once I had a play.

[hpcg] 13/11/2015 10:46

Sorry Asagi. Apart from the first word I was talking about Certain Ventures placing 3.7% at 440 per RNS in the afternoon. Action today looks like the market taking it negatively, but that could also be a reaction to US markets yesterday.

[asagi] 13/11/2015 10:33

No hpcg, that story was from Monday. It was published in the morning I think. It's a bit inconclusive anyway as it just seems to be one bloke's word at the moment + a phishing attack, which everyone gets.

Asagi (short JE.)

[hpcg] 13/11/2015 08:02

Interesting. Well we know the cause of slump yesterday. I can't decide, from a short perspective (as I say, flat at the minute) whether the exiting investor is a good thing, they being the smartest money, or the fact there are chumps with deep enough pockets to support the price here.

[breaktwister] 12/11/2015 11:12

Ill put links up later, am im work currently and just posting from my phone

[breaktwister] 12/11/2015 11:08

JE hacked? I have read a number of reports about a phishing scam on JE customers. Worryingly the content of the scam identifies subjects by name, telephone number and address. It is very unusual for phishers to have this amount of detail. A local report interviews a man who is convinced that his details were obtained from JE as he had recently moved address and claims that no other company/database would have held his new address, name and telephone number. JE claim no hack but their official response only refers to customer payment details. Is it possible that there has been a hack/leak where names, addresses and phone numbers have been obtained? I see a number of folks making this argument on social media. I shorted yesterday, due to potential hack but also because I believe JE is horrendously overvalued.

[hpcg] 12/11/2015 01:32

Asagi - chart looks very strong here. I am flat at the moment - can't bear to be long, but 500 looks in sight. I also mentioned on the OCDO thread, but same applies here and Allied Minds, these are very much market sentiment driven. If the SP500 is strong, which it has been, and the likes of FB and AMZN are powering away then this heap of junk gets the benefit. Catching a rising knife can be as painful as the falling variety.