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Will the placing be?? What value will it create? Surely £450million for £1.2million of profits will cause the share price to halve? Just my thoughts but looks a bad more imo.
Major Shareholders Three of the Company's pre-IPO investors, The Sara Marron Discretionary Settlement (the "SM Trust"), Index Ventures and Vitruvian Partners (the "Major Shareholders") have indicated that they do not currently intend to take up their entitlement under the proposed Placing and Open Offer. These shareholders hold between them approximately 43.67% of the Existing Ordinary Shares. Directors' participation in the Placing and Open Offer Each of the Directors is supportive of the fundraising, however, each of John Hughes CBE, David Buttress and Michael Wroe, who hold shares in the Company, has indicated that he does not intend to participate in the Open Offer.
This seems grossly overvalued here. What does everyone think about the directors and institutions not wanting to get involved? Seems to me that they are not confident in the return they would make here. Surely purchasing a company with £1.2m in profits for £445million is a terrible idea???
very interesting Rns and not surprising so none of the directors or institional holders feel they can buy any shares in this offer now i wonder why that would be? the plot thickens they want to issue shares of a company that is alrady 80 times earnings to to buy a company for 60 times it valuation or somethings similar after the deal is done watch the drop shorters dream if ever i saw one
They turned up while we were closed and slapped a dirty big red & white metal JustEat sign up - not on our property, but on the property of the neighbouring hairdressers who are now furious. They have unbolted it and thrown it away - I just cant believe the gaul of this JE company. They have no right to carry out such work without the consent of the owner. The hairdressing company are now contacting their solicitors - mean while JE staff show disinterest - oh well, JE will get what may be coming to them and not before time in my opinion. They have not even applied to the council planning dept. for their consent in this Historic quarter ! Preservation orders and the like are merely dismissed by them it would appear.
Having spent much time trying to force them to update our menu items this past 11 weeks , I have just checked the opening times and find they have us closed when we are open and open from 1am till 1 pm the following day (when we are closed). They must have an IT failure and not admitting it. Will pass this onto the press now, hopefully they may get somewhere with JE. :-(
this share. The day this misses an estimate, even by a fraction of a penny, oh boy......what a reset looming
In my opinion: I've been warning everyone on this issue for a few weeks now - its been TEN WEEKS since we last told them of our menu updates - no joy then and STILL NO JOY NOW - despite sending them the updates this past two weeks ,twice! Our owner had JE confirm to him that they have received these updates but still no change !!! Either its a bad company to work for and the staff have jacked the job in, or they are totally incompetent. We have now switched off the device, because if you order from our old menu - well, it no longer exists - so be you a customer ordering food or you are an owner / manager - please don't expect to get what you had ordered or the level of service that JE purport to offer. If you own the take-away business - don't expect good reports from your customers thanks to JE's lack of competent service. This has been bad news for us and others, and may well lead into litigation - just eat is damaging businesses and that will not be tolerated for long by the business community in this sector - in my opinion !
Yeah, exploiting inflated SP for acquisitions. At least they are not burning any cash. However, one must ask how long before someone spots the emperor has no clothes ? Need to be patient if planning to short, especially if the election feel good factor and a general global recovery, albeit patchy, may mean we have a while to wait. Patience is required, as in all good investment strategies ... But once she starts to go, like the Titanic it will be relatively quick. Usual rules apply, this is MHO ...
Absolute madness, shorting dream or what? Should be about 50p a share!
five percent up on the open for no reason and now 7 percent down they are now gonna issue 100 circa million new shares and pay 500 million for a company that only makes 1.2 mill ayear the plot tickens
The problem with shorting is that you have to call the timing accurately or you could get burned. Better if you think this stock is overvalued to go elsewhere.
I see that JP Morgan's new price target sticks a value on this of £3.15 billion odd??!! can't just be me that doesn't get this, right? am seriously considering making this my first short ever.... however, I think it'll go into the £5 area now - no idea how high though. I may be old fashioned, but I always pick up the phone to my favourite takeaway(s) - saves them the 12% (!) commission for a start, so I assume they always prefer phone orders? I genuinely can't fathom this valuation? anyone?!
Reading reviews on the app store recently, there are a lot of un-happy takeaway owners, who are struggling to get menu's updated by JE. I believe charging revenues on a commission basis are unsustainable long term for this business and they need to look at either a fixed monthly fee for using the service or a fixed price per order.
iwas thinking less than a quid myself this sp is madness cant belive the price hasnt gone down with all the insider selling used the company once myself and was impressed by their payment system the restaurants bring menu with them so you dont need je again if ordering the same food next completely flawed they always talk about order increses but not earnings i find it annoying when they mention huge revs even though their take on that is only 10 percent out so
A market value of 2.5 BILLION for this company is a staggering over reaction by the market for what is admittedly an innovative business, but the downside now is huge at these levels.Its growth will slow as always with early stage companies,competitors will emerge as the barriers to entry are not great,and as people start spending again will restaurants want to pay commission to a middle man to generate business when business is good anyway.The people behind this have been cashing in heavily by selling shares and if markets take fright over election, grexit etc then this is exactly the kind of share that will suffer.I can honestly see this hitting 300P in next 12 months.
going to be a lot of burnt fingers here.
revisiting this stock after making a little bit of profit post result in March. wow this stock is so overvalued right now..looks like the retail investors are driving the price up......Baaa...
@ 447. Top of the mountain imv, and 100% up on IPO, and directors selling
Could not agree more.Whats driving this share upwards to me is bemusement.
i would never consider shorting as i would only like to lose what i have and not have leverage but this company has to be a true candidate for shorting the selling from inside is huge in one day last week or so there was a 100 million pounds worth of sales in one day and it didnt even effect the share price this share in my humble opinion is being completely manipulated by the mms for a huge drop later on also the je system is fundamentally flawed i used them last year when i was in the uk the processing for the card part of their system was a night mare it didnt look like my details had gone through and i was worried about a refresh in case i got charged twice where the system is flawed is they send you when you order the number of the restaurant and then the order comes with a menu again with phone number i for one will generally use the same places for takeaway so after ordering once there really is no need for me to contact je again if im ordering the same food as i now have their number and menu this is why i would see the numbers eventually drop off im tied up in gkp but if i get a healthy return there i will be shorting je for two grand this will eventually fall back to under a pound be careful with this share its screaming over value and to be shorted
Sounds like you are in the food trade - or very perceptive. We do indeed only dispatch JE orders as and when we have time - they are not our priority. In this pecking order the customer in the restaurant / takeaway get priority service and always will. Hence every business receiving complaints about delivery times being one to two hours. Its a self defeating exercise but some customers don't see it !! Come in - its faster !! however, we do have some disabled people who find the service of value BUT they also phone in for their orders now, which gives us a chance to put over the personal side of this business.
Well, as previous posters have pointed out, why would a restaurant pay Just Eat a commission, if they are busy anyway. Restaurants may be inclined to put the Just Eat orders to the bottom of the pile whilst they deal with the normal sales channel. This would further damage the credibility of Just Eat, as their customers get poor or non existent service. Problem with "internet / dot.com" listings is that VC types tend to through money at them, on the basis that some of them will succeed, and write off those that don't. So not really well thought out, but provides a false support for the SP. Question is, at what point to deploy short positions ... need to follow the Jesse Livermore approach me thinks ...
killed JE. ! In my opinion, they charge the retailer far too much for the service they offer. They still have not sent in a rep to sort our menu prices out, as we need to cover the JE. cost fully. (20% increase on your food bill people!) its just hitting the bottom line to hard. We have just asked all our JE customers to simply phone their orders or text them in - it works ! - no need for JE but then I guess there never was. It was more a fear of losing trade to other retailers who used JE but that is not actually happening :-) Phew. IMO. anyone using JE. may wish to rethink their position with them. Maybe we are a one off? only time will tell.
it is over valued in every sense - our shop has a JE terminal - they cant be bothered to send us the rep in to sort out the issues we have including basic menu changes !! we are constantly phoning them only to hear there is no one available except during the day (takeaways are mainly (NIGHT operators) but they just cannot seem to get anything done when we do managed to get to the so called menu team - we so sick of this bad service company. The unit has been off for some time now, and then they have the cheek to phone and advise us every day about it ! Hopefully one of them will read this and contact us - or send the darn rep in !!. Been 3 weeks now.