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Directors vested shares as part of their package. Nothing to get excited or worried about imo. Crazy 8% price swing today. Opened up 2%, ended nearly 6% down. Low volumes though and mostly A trades.
Some large purchases. Maybe Cat-Rock holding statement soon. A tree shake perhaps.
What does rns 2day mean anyone
This was rumoured last week here https://www.bloomberg.com/news/articles/2021-12-16/cat-rock-capital-said-to-boost-stake-size-in-just-eat-takeway?sref=ztUfOWRz and then confirmed with an SEC regulatory filing https://whalewisdom.com/schedule13d/view/cat-rock-capital-management-lp-sc-13da-2021-12-21-grub. So Cat Rock have been steadily buying more over the past few months. I think they would put out a UK holdings RNS when and if they cross 7%, which is not far away.
more lock downs on the way here and across Europe.
price re-rate looks likely.
Looks like a reversal is coming. Cat Rock had set a timeframe of end of this year for the management to take some action to prop up the share price and they think this is vulnerable to receive a low ball offer at this price, which JP Morgan also agrees with. Will hold for share price correction to come in the new year.
Not sure what happened to my original post, but I commented that some articles are stating how city traffic is very low at present and restaurant cancellations are rampant. The flip side is that takeaways are booming now. Its not a big stretch to see that trend continue for a little while now and JET to have a good winter. Not sure whether that is really a silver lining when the situation is so dire.
Jesus mary and Joseph and the wee donkey.Bought on recommendation from mate at 37.70 today.Dont know F all about this company.Thank you .....
It appears that this is still in the downtrend and might tough £35 before trend reversal...
Crazy how this has fallen from £92 to this level in 3 months
This is still in the downtrend and not sure if its done yet..
How did they fund the Grubhub purchase? Takeaway paid 6.2 bn for Just eat who combined paid 7.3bn for Grubhub, they received a 2.3bn offer for their stake in Ifood, any idea of the Valuation for takeaway alone or the entire business combined.
Thanks Sudnal, this is at a great price to buy. A real bargain.
$7.3bn was the cost of purchase of Grubhub. You're right this is way lower than all of those values put together and is firmly in the bargain territory and so are many shares in the market right now. Im holding tight hoping things will change in the new year following the principles of value investing.
Anyone have a valuation for this company. The 6.2b merger, does that mean the entire company was valued at 6.2b, and the 7.3b Grubhub deal, was that the cost of the purchase or the valuation of the companys combined.
Not sure why this keeps dropping continually. It was valued at £20bn few months ago and less than £10bn now. This is crazy. Dont think the business model has changed so much in few weeks. Just goes to show that investors wanted to make a point and increase pressure on management to take action.
Sorry lads, I'm really not getting this one. Can anyone explain what the eff is going on here....?!?!!!
The continual stock demise of a great business.
Seems almost everything on the market right now is totally doomed...
Potential here.
- Lockdowns announces in several EU countries. Restaurants closed
- Further restrictions to hospitality highly likely acroos the EU and UK
- Potential for a hostile takeover bid by competitors
- Brokers value it above 8000
Just eat looks set to benefit from the ongoing and coming lockdowns.
They rejected €2.3bn for their stake in ifood, they bought grubhub for $7.1bn, so there's a minimal value of about £7.5bn between them, leaving the rest of the business valued at about £4.5bn based on current prices. It is cheap at this rate and hence has attracted interest from Value investors like Seth Klarman and continued activism from Cat Rock on low valuation. At the current valuation, it must be a good takeover target for large companies like Amazon, Doordash, Meituan etc and get access to major player in Europe.
Just seen a reason why this has happened
"Shares in Just Eat declined 3.9 per cent, or 216p to 5331p after analysts at Credit Suisse slashed their target price on the food delivery firm to 9300p from 9900p following downgrades to profit guidance at a capital markets day last week.
Despite this, analysts said the overall theme was 'positive' and reiterated their 'outperform' rating on the stock."
Agreed. Personally I don't get it.
Personally my family started using Just Eat & Uber Eats during lockdown and use it just as much now.
I think the market probably thinks the lockdown volumes were the max and it's downhill from here, but then there was an investor day on the 21st and on the 22nd Barclays re-iterated their overweight rating of 8,910 (albeit down from 8,930), and Deutsche Bank also reported recently a Buy position. I only hold 1.2% of my portfolio in Just Eat, but I'm currently down 10%, having previously been up about 5% not long ago.
Hoping we're near the bottom and looking for an upswing. I guess fears over the economy are also impacting. JET has been hit much harder than ROO recently though.
What is going on with the SP? It's even lower than the price I was paid for my JE shares when they were taken over.
Bargain price for topping up - but does anyone know the reasons behind this significant drop?
Good to see nice results on wednesday.
I'm hoping we've hit another dip now. Personally I'm fairly bullish on Just Eat. Its clear many people increased takeaways over lockdown and it seems trend is continuing. I know my family certainly has, and I've used Just Eat many times now.
Last week I noticed a few takeaways in Watford having Just Eat signs sticking out from their premises above the entrance. It's clear JE could become the new UBER of independent takeaways so I'm quite optimistic.
I notice this message board is quite quiet. The last post was nearly a month ago, so I may be out on a limb on this one lol
GLA
Cheers.
I've actually sold JET for a small loss which goes a bit against the grain.
I retired last year and with plenty of time on my hand started 'playing' the stock market. I made a few mistakes, mainly due to believing much of what I read on forums, but overall my portfolio is quite a long way ahead. Not because of any great insight into the market, simply because I was buying in at such low prices that I could hardly fail. I've decided to cash out on several of my gains and keeping my powder dry as I fear a further, though hopefully less severe, winter beckons and want to be in the position to take advantage. At least I will be a little less gullible next time around!
Judging my the market reaction yesterday it’s a positive change. Personally I hope the main listing is in the US where growth stocks are more appreciated.