Just Eat Share Discussion Threads

[this_time_its_different] 08/4/2019 11:04

strong buy, oversold because of hard brexit fears.

[mgbt] 25/3/2019 08:25

Uber buying Careem.

[mgbt] 20/3/2019 17:32

I think they'll be a takeover target after April. 10% stock is nothing to ignore

[typo56] 16/3/2019 22:06

That's be the effect of the FTSE 100 entry

[dansears1] 15/3/2019 22:54

10 million shares after 1630?

[cryptotrade] 15/3/2019 09:23

Uber float in April

[cryptotrade] 14/3/2019 20:22

Great trade today.

[cryptotrade] 14/3/2019 09:09

Thanks countless

[countless] 13/3/2019 09:57

Re-read ;-) I use stockopedia but have to say I do like the system that comes with Spredex, however, they do not offer best spreads - Spread Co offers good spreads but not hot on smaller companies. The Stockopedia charting package has a manual, which sorted me out, and a helpline is available, which I've also used!

[cryptotrade] 13/3/2019 09:43

Countless what do u use for charting.

[countless] 13/3/2019 08:25

Looks like support becomes resistance……….

[countless] 13/3/2019 08:24

Thank you Cryto and I hope the last bit of action here was profitable for you too. Seems yesterdays closing candle could be confirmed from the look of what just happened in price. You seem a decent person too.

[cryptotrade] 13/3/2019 08:15

Countless I'm sure you fart and you're old but come on grumps you're not an old fart. I like you. You're a nice chap.

[cryptotrade] 13/3/2019 08:13

I do think they'll be a takeover target. Not yet but it makes sense for Uber to cement the lead. £12 and they can have it.

[countless] 07/3/2019 22:49

IC View

Although the company’s 26m active customers boosted the number of orders by 28 per cent to 221m, it's clear that intensifying competition is driving cost pressure. Cash of £83.2m also fell below consensus forecasts of £145m due to investment in associates and costs related to the Hungryhouse acquisition, and more consolidation could be on the way in the delivery food market, with one analyst speculating that Just Eat could be a target if Uber goes public and raises sufficient capital to fund a deal. Management expects 2019 revenue to be between £1bn and £1.1bn, with underlying cash profits of £185m to £205m. The shares trade at 38 times forward earnings, making them look sensitive to any further disappointments. Sell.

[countless] 07/3/2019 08:12

Uber certainly seem to have an appetite at the moment
tps://edition.cnn.com/2019/03/06/tech/uber-careem-merger/index.html

[cryptotrade] 07/3/2019 07:06

It does not. The MMS live the liquid stock.

[cryptotrade] 06/3/2019 21:20

I think they will become a Take over target one day over the next 24 months. They are a maturing stock and with some consolidation, can cement itself as a true leader with a bigger owner.

[cryptotrade] 06/3/2019 20:41

Let's see.

[countless] 06/3/2019 16:44

Who would have thought that eating in is the new eating out! Personally I prefer to go to a restaurant or cook it myself, but then i'm an old fart...…..

I think £5.3Bn would cause too much debt for Uber etc.

[billytkid2] 06/3/2019 15:12

I don't have any worries about valuation. The market is big now buts it going to get a lot bigger. My main fear is competition but Just Eat do have dominant positions in a number of markets. I actually think Uber would be better off buying Just Eat than deliveroo. They already have the logistics network if they bought Just Eat they would get the technology and client base.

[countless] 06/3/2019 14:59

I can see what they mean about JE.'s valuation - currently an eye popping £5.31Bn

[countless] 06/3/2019 14:57

Update on Motley's thoughts.....




Having endured a big sell-off in its shares over the second half of last year (not to mention the swift departure of its CEO and ejection from the FTSE 100), loyal holders of takeaway marketplace giant Just Eat (LSE: JE) could be forgiven for hoping that 2019 will be a little kinder.

Despite recovering strongly over the last few months, I’m inclined to think this won’t be the case. Before explaining why, let’s take a closer look at today’s undeniably-impressive full-year numbers.

Revenue and profits jump With 26m active customers on its books (more than 4m are newcomers), the £5.3bn-cap grew orders by 28% to 221m last year.

Revenue rose 43% to a little under £779.5m in 2018 with underlying earnings before interest, tax, depreciation and amortisation (underlying EBITDA) increasing 6% to just shy of £174m. As you might expect, these numbers were in line with guidance issued by the company only a couple of months ago.

In the UK, orders and revenue jumped 17% and 27%, respectively, despite the sustained period of excellent weather seen last summer. Overseas, revenue climbed 31% (once foreign exchange fluctuations are taken into account) thanks to good order growth in Italy, Spain and France. Following “outstanding growth” in its delivery business SkipTheDishes, Canada was another highlight with revenue rocketing 186%.

All told, the company swung to a pre-tax profit of £101.7m from a £76m loss in 2017.
Looking ahead, Just Eat’s management made no change to their guidance for the current financial year as it continues to implement its strategy of becoming a hybrid marketplace and delivery firm.

Revenue within the range of £1bn-£1.1bn in 2019 is still expected with underlying earnings somewhere between £185m and £205m. These numbers don’t include Just Eat’s share of its operations in Brazil and Mexico, where a combined loss of £80m-£100m is predicted.

Given all this, you might wonder why I’m somewhat cautious on the stock. Two words: ‘valuation’ and ‘competition’.

Just too expensive?
Having climbed 45% in value since early December, shares in Just Eat are beginning to look very expensive again.

Before this morning, the stock was trading on an eye-popping 59 times forecast 2019 earnings. Even the most optimistic growth investor would surely agree that this suggests an awful lot of promise appears priced in.

What’s more, anyone coming to the stock for the first time needs to be aware that Just Eat’s apparent dominance of the sector could come under increasing threat.

Uber Eats recently announced it will be reducing the fees it charges to restaurants for its services. Should a much-rumoured merger between it and Deliveroo come to fruition, belief that the FTSE 250 constituent can continue growing its market share at the same clip might begin to be questioned.

With rivals nipping at its heels, a sustained delay in appointing a new permanent CEO could also hurt sentiment — something witnessed at another market giant firm in recent months. Somewhat unhelpfully, the company remarked today that an update on the search for its next permanent CEO would be provided “when a decision has been taken.” Whoever gets the role will surely have his or her work cut out, especially when it comes to satisfying Cat Rock Capital — the activist US investor held responsible for the ousting of former CEO Peter Plum.

To sum up, Just Eat just isn’t for me right now.

[countless] 06/3/2019 09:34

Ain't that the truth Crypto.