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Results are very strong I was expecting it to open @ 600 I am a bit surprised... but as this is a strong horse in coming days it should touch 600 mark. But if the news about the hungry house came out then 650 is not far.. GLA
Results strong enough to reach the 600s?
I'm expecting a spike on results due March 7th
CEO and Restaurants Jumping Ship before it get too hot in the kitchen (pardon the pun) I wonder what the SP will do tomorrow, level out, up or continue down after the weekend and investors coming to the fact of what is happening and whether good or bad ? Short position is now over 7%
Unfortunately because the updated HL app is crap I missed these yesterday but I'll be buying in first thing Monday morning if the price is still at this level....
Agreed AUNBoy. With a company offering products like this it is easy to relate to because you are able to observe and use their products unlike, say a mining or oil company. I have used JustEat many times in the past. However recently I have moved to a competitor because they are very similar to use (in fact I think some companies have simply taken the website template and made slight alterations). I found the competitor offered more cash back (when using a site like quidco) and the website was smooth and fast (last time I tried to JE the website was down - due to peak demand most likely). As you have said, restaurants will favor those that charge less and will promote as such. I think this sector is very risky. Competitors can come and go. It's also susceptible to competitive pricing where the company that can provide the cheapest cost to the restaurant and the best discounts to customers will win. DYOR.
As a regular takeaway customer I'd rather see the restaurants and takeaways getting the profit and not just eat. Just saying
From what I can see there are 8 different positions adding up to 4.97% as of today. It's quite significant and kind of makes me wary
I sold (nearly all, but left a little) my shares here today peeps, really sorry. Whilst I am a customer of JE and a shareholder a lot of my Restaurant associates were running scared of the prospect of a monopoly and our commissions being increased from what is in reality 20% of our earnings to what is likely to be 25% very soon, the same as Deliveroo and Ubereats charge !!!!!! On what JE charge us now we I struggle to survive. I cannot afford to lose the orders right now so have joined heymenu which I met some time ago which my associates also did as well today, they appear to be the only serious contender of what now seems a relatively closed market unless you want to give away all of your profit or throw in the towel and do something else.
And app down not good for businesd
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
<b>Just Eat PLC 66.3% Potential Upside Indicated by Jefferies International Posted by: Amilia Stone 15th December 2016</b> Just Eat PLC with EPIC/TICKER LON:JE has had its stock rating noted as ‘Reiterates’ 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
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 <b><u>Canaccord..BUY</b></u> 680p Target Price. <b><i>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.</b></i> http://content.screencast.com/users/thomaser/folders/Default/media/9c72ea32-522b-47d4-9282-dbb83c02aaf0/je..jpg
Amazon rolls out restaurant home delivery,Amazon's restaurant home delivery service-and rival to Deliveroo-is today being extended to swathes of West and north London after a successful trial launch in September etc etc from tonight's Evening Standard.First Uber now Amazon,good luck JE
Very tasty multiples, and the large banks are expecting further rises........
Interesting drop on a profit upgrade. Was the market expecting even better. Was it that like for like for the Q3 was the same. Retracing a bit now, but what will it do. Still on tasty multiples.
I just saw this in the news section: Just Eat, a UK based online takeaway platform, benefitted on the back of Uber's loss in a fight over employees rights last week sending its shares up. Deutsche Bank have rated the company at "Buy" and upgraded the price target from 535p to 725p. "If the tribunal decision is confirmed we think these players could be faced with cost base inflation impedig their ability to compete. With its media only non delivery model Just Eat is not impacted by this issue and is best positioned in the online food ordering industry," said the analysts.
When this company was floated I recommended a strong buy on here. While pointing out that it was by traditional standards massively over valued, taking the nature of this business and the fact that the rest of the market is artificially inflated into context, there were many reasons in my mind to buy. I think now its more of a case of the general sentiment across the markets that will dictate what happens with these shares & despite recommending and being right about buying before I've always believed they were over valued. Where Just Eat gained a solid position in the industry so early, even though there may be other competitors, I believe that its unlikely for most fast food restaurants to turn down the extra business Just Eat can bring in a busy city. In my area (London) some takeaways are signed up to both Just Eat & Hungry House to benefit from more customers.. This is something else to consider - Although Just Eat is expensive for businesses, most consumers (who aren't necessarily looking for gourmet takeaway) use Just Eat and often haven't heard of other competitors.. As a restaurant owner would you use a cheaper competitor instead of just eat if they'd bring you 10 times less orders? I think of Just Eat as a company like BT & Openrech.. Only in the sense that they have this kind of position in the market where despite their high prices and likely poor service.. they offer something that often only they can, so many businesses use them whether they actually like them or not.. I don't think Deliveroo or Uber Eats is such a threat as they appeal to a different customer base often looking for higher quality food. Just Eat has a large following of customers and will probably do quite well.. but when the 'working class' stop buying as much takeaway food and the market peaks I imagine at least a 50% drop in value..
Headline "Takeaway wars heat up as Uber expands" upshot is Uber are now upping the number of restaurants they cover from 150 to 500 .UberEATS say they have signed up 500,000 Londoners since launching in June,yet more competition for Je
Not heard of these guys until post below,checked the website and found they charge restaurants a flat fee of £65 per month as opposed to just eats average charge of £750!! Shouldn't take much marketing to lure customers away.....just another competitor for je in this increasingly overcrowded market
I attended the Takeaway Expo today in London, anyone heard of these guys before, "Heymenu" .com I have some stock here and a Restaurant so feel compelled to be loyal, but it looks like a very aggressive offering and one to watch?
seller 6m in auction Friday,short position beginning to nudge up again now,back over 3%,going to follow but not quite in that size.......
Takeaway.com prices itself as next ‘unicorn’
In reply chickenchallenge,not as far as I'm aware,in fact short position decreased again slightly overnight .