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Just Eat has been included in HL's investment times magazine this month as one of their stocks disrupting the market quoting that they see good growth potential in the business. Fingers crossed for some good results in March and new investment.
All very quiet on this BB. Don't understand why as this is turning into a very good investment, even if a bit risky (for me anyway). All Brokers positive, 880-1000 with Barclays being the most optimistic (11th Jan). Update due in early March, so expect a gentle rise until then, although charts are only just positive with no bull signs (IMO). Anyone else got any info/opinions? All the Best DK
FTSE 100 here we come, replacing Merlin.
At over �5.2bn, the market has pushed Just Eat to new heights causing PER to rise to 75 times. Brokers have forecast by 2019 will cause PER to fall to 24 times (based on EPS rising to 29 pence). With the successful implementation of grabbing the necessary market share to make a dent in their individual market, Just Eat will focus on generating profits and sustainable company growth. The problems with investing in Just Eat is I feel the shares are at least one year ahead of their time which will cause it to trade sideways. But, most importantly at �5.2bn, the potential to increase in market size will be limited. Here are a couple of things investors need to pay attention to when Just Eat gets larger: 1). With a PER of 75 and growing, it is no longer the size of their profits that matters, but the rate of growth. For example, if Just Eat made �300m in net profit but the growth rate fell to 5% Just Eat shares will fall. However, if it grew by 25%, the shares are likely to rise because the rate of profit growth is more important. 2). The decrease in commission fees per order will harm operating margins. A potential 30% drop in fees per order could wipe their profit margin even if they make more sales. Finally, I like Just Eat business model and the simple concept of delivering food. Done on a big scale, their operations become more efficient. If you are thinking about buying Just Eat and holding the shares for more than ten years, then it is a worthy investment. Right now, the shares are fairly valued given their high growth potential. For full analysis and charts of Just Eat, click http://bit.ly/2A3z2Pe
Have you got numbers to go along with that? Some facts? Deliveroo have a very disruptive BM but their margins are tiny, they are making pennies per delivery and reported heavy losses in their last trading statement. I can see them struggling for deliveries too, particularly throughout the winter months. Anyone who has been with business for a sustained amount of time is going to demand a better wage to deliver on the cold winter nights. This will eat into their margin further. If the Just Eat / Hungryhouse merger is given the green light then there will be no question who is leading the market.
if you lived in london you would realise just how far behind just eat are than deliveroo - no one uses just eat - its the same in alot of other big uk citys - deliveroo is the leader by a country mile
Fingers crossed. I'm a bit surprised as to the drop this week. I know it's early doors but the hungry house merger is terrific news - if that's passed then JE must surely have a majority share of the market? I can only think of the recently released UberEats and Deliveroo that would be considered competitors (?) but my understanding is that JE and Hungry House are leagues above these at the moment. Hopeful that once we have more news it will give us another bump.
Some seriously large buys revealed after the bell! Bodes well for tomorrow
When are the next set of results expected? Doesn't seem to have been much news over the past weeks and we've made a tidy little recovery back to where we were after the last set of results.
Is heading in right direction, bee it very slowly. £1bl intangibles, £100m and a bit cash, no divi I stand by my long time conviction that mcap of £500-£1bl is generous valuation for this .com bum and bust Co. That said, could not be excluded that big gamblers wouldn't have more goes pushing sp up. It was beyond any financial logic this dog to have mcap above £2bl when it hit £2.5bl and not long ago passed £4.5bl? Fun and games go on....
hi borgy well you can see the sp here ,so your lucky your out kurdistan is starting to go from strength to strength they have independece referendum in september genel has about 30mill a mont coming to their coffers and they are just about to sign a huge gas deal with turkey could here some news tommorow in the results i think the company is going to be sold soon this is tony hayawards company ive been here a year gl
genelenergy - I didnt read your message until today. I already have exposures to oil and gas ( Blue Chip BP ) and a couple of AIMs in AST and I find these smaller companies risky as fck. I read up on GENL and i am not keen on the Kurdistan Region of Iraq - they are bankrupt as a autonomous region so I'll give that a miss. Message me back later if i am wrong and i'll glady eat humble pie. On JE - think the 5.5% sell off is o/done ... yes the growth was already reflected in the share price but i dont believe it warranted a fall of that magnitude today. Who am I to second guess the market so i'll watch tomorrow at the opening bell and see how the sp plays out for a possible swing entry. I did exactly the same on Tuesday with VM (Virgin Money) sp fell 9% only to start recovering the next two days....
you could do very well now in genel and oxb genel is getting ready to pop look at the rns and chat on genel they just recently bought back 250million debt
genelenergy thank you for the input. I have sold out on the 19th at 7.06p and then watched it fall all the way down. I then traded it the same day as it appeared oversold but i am now out of the share. My chart https://uk.tradingview.com/chart/QiDwS9dV/ I see what you mean by the shorts.. in July shorts disclosed have increased slightly from 2.5% to 2.7% http://shorttracker.co.uk/company/GB00BKX5CN86/all Interims are out on Thursday so I'll sit on the sidelines and digest the results. I have taken your post and comments more seriously now. cheers for that. Borgy
borgy.,ive been followoing this for while this has a pe of 88 this is outrageous i really dont wish to be pessimistic but i have to deal with facts just eat are being investigated by the competitio watch for their aquisition of hungryhouse their earning are 50 mill but have a market cap of 4 billion their large investors are selling heavily and they have huge competition ,especially with uber and deliveroo you really shoould look at their site compared with deliveroo also this is being hughely shorted if you know what your doing you could make some money trading it but i wouldnt be long on it
genelenergy: each to their own opinion but that's a rather damning assessment of a sp ... a fall in the region of 70% ... it seems very unlikely. I'll stick to the charts and i have only been in a few days but i have a trading plan and i'll follow that .. at the moment this looks good. Borgy
this share is mad when this drops it will fly back to 200 pound i used the website twice years gone by its terrible didnt know if my payment for my pizza had been processed as all i got what a circle there restaurant listings have no pics of food how could they get such a fundamental wrong i live in central london and hardly ever see a just eat driver deliveroo is allaround here ive used deliveroo a fews times their website is a million times more slick than just eat and all the food items have pics also they have full tracking for their orders huge sell off s here and still the price goes up this is been shorted heavily i would touch this mkt 50 times income completely ridiculas valuation they cant keep it up forever
Questor in todays Sunday Telegraph "Just Eat has plenty more to deliver for investors who are hungry for value" and "a growing takeaway market should ensure a bright future" ending "All of this means Just Eat remains a rich but tasty investment morsel" Buy Buy Buy
Your right double top but I was following this for a few weeks and I had an alert set up for 688p which if broken would be a three touch top on the resistance ... so actually I bought against conventional wisdom, Buy low sell high. In fact I bought high at 692.5p with a view that this is now a breakout trade and with momentum clearly behind the Sp. Hopefully will head higher ... that was my plan. Borgy
I think, hence added short.
Just a Fad, sorry this share is trading on a premuim based on expected future growth, which will not happen. Entry barriers to this market are lowering and no doubt Deliveroo delivery based model will win over in all major urban areas. People are willing to pay for a premuim service which adds value, JE does not deliver and adds no value.
I agree with Seifert,valuation looking astronomic and any miss in earnings,as AUNboy points out will see these trading with 4 as a big figure.I'm not short yet,but will prob dip my toe tomorrow.Several things don't add up.Ex CEO left in Feb due to family matters but just over a month later resurfaces at a VC company....perhaps he saw the writing on the wall and didn't want to be in charge when the proverbial hits the fan.Also a straw poll of my local restaurants are leaving JE,costs simply too high with cheaper competition entering market.And then there's the CMA investigation,which could drag on for months.I'm sure the Bulls will tear these arguments apart but we'll see
Try and keep a cool head. Valuations here are absurd, by any reckoning, so I would take some profit off the table if I were ahead, to be on the side. As for me, I am shorting this so do bear in mind not everyone is enamoured with takeaways. Good trading. PS: I am wrong on things as anyone else, I'm not infallible, so have a stop at 605p. We'll see what happens over the next couple of weeks.
So do you realise that this company has increased the cost of everyone's takaway by charging a 10% or more fee on every order + cost to join and then keeping the money for 2 weeks
I know they bought over hungry house but what news are you referring to?