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When I look at the share price on google finance, it closed down to 8.42, but after hours bounced 2% to 8.59, which would translate to a GBP price of 31.70, about a percent lower than the London close of 32.03. However, it does not always open near to the closing US price, it could also partly depend on the general overnight market moves in futures, and Asia.
No body can call the bottom and looks like it has fallen further across the pond. Delisting the company in USA will make some funds sell the share and also the sentiment with Delivery Hero, hostilities with Russia, perceived interest rate rises have also not helped. I have the belief that there is strong value here that will be realised in time. Activist investors are also behind management to take action to prop up the share price.
Sud nal is this the bottom or very close to bargain territory. It is great trading share up and down a lot.
The entire company is now valued at $9.45 bn which is laughable really as they've paid $7bn for GRUBHUB alone. The value for the rest of the firm covering Just Eat, Takeaway.com, iFood and others all together is now $2.46bn. It surely has to be a takeover candidate.
This seems to be going only 1 way i.e. down in the interim. Think news of bid or sale of iFood or Grub could be the positive trigger. Goes without saying that its trading at way below its intrinsic value.
Delivery Hero in Germany is down about 30% today right now (was 25% earlier today), but some people speculate that if Delivery Hero exits certain markets such as Spain (where it owns part of Glovo) it could even be good for Just Eat...because fewer players in a market increases margins. Just Eat is already profitable in Germany, Netherlands, Canada, where it is very dominant, and could move faster towards profitability if loss-making private equity and venture capital funded players exit various markets...
JustEat have recently partnered with Asda and other supermarkets to deliver on-demand shopping.
Has just started to be rolled out and will likely be nationwide by the end of 2022.
They joined in on this trend much later than Deliveroo and Uber Eats so definitely have ground to cover.
takeover target at this price.
come on Jeff
Just hold and wait for the results in march
What do people think are the prospects here in the short to mid-term? Does appear that takeover could be a distinct possibility.
And down again.
Back in after being stopped out just under 36.00. Not overly confident, just greedy.
Got 120 today as it did seem a decent price. Door dash is down 8% atm. Tomorrow might not be much fun
definitely how can you resist at this price
at this price.
This is possibly related to Delivery Hero reducing its stake and closing its collar position., which was done with Morgan Stanley. RNS here https://www.investegate.co.uk/just-eat-takeaway--jet-/rns/holding-s--in-company/202201170700085557Y/ This seems to be a complicated transaction with a few moving parts and also other regulatory filings on other exchanges, but big picture, if this "overhang" was weighing on the stock, its removal could be a positive factor.
Looks like JPM have call all there stock on loan back. 8% should bring euroclear data back towards 10%. That’s positive for the stock. I suspect this will be back to the 5000s soon.
Prosus, which previously made an offer for Just Eat's iFood stake, has raised USD 5.25 billion in debt. There is some social media speculation that this could be used to finance another offer for iFood. Just Eat results this week confirmed their intention to sell iFood at the right price.
The debt issue RNS is here: https://www.investegate.co.uk/prosus-nv--0a28-/rns/issue-of-debt/202201130930013494Y/
7000p seems to be pretty close to the lowest broker price target, even after many brokers have cut their price targets...
Q1 GTV 4.5b, Q4 GTV 7.4b. Impressive growth, highly positive to see the board welcome the EU regulations, they were ignorantly perceived by the market as negative for all company's within the gig economy. JET fell 30% from it's current 52 wk low of 5000 to hit 3500 a new atl. Deliveroo also fell to new lows, the regulations have a strong negative impact on Deliveroo Uber and others but not JET. So by hindering the competition this is beneficial for JET. Current mcap of 8.47 bn is very low considering Prosus bid of 6bn for Just eat alone a couple of years ago. I think 7000p is a reasonable target from here.
https://www.bloomberg.com/news/articles/2022-01-13/food-delivery-giants-enter-new-year-jockeying-for-deals-and-turf?sref=ztUfOWRz
The juice is here: Just Eat’s management has indicated to some investors they’re open to the idea of a sale of Grubhub, one person familiar with the matter said, but advisers are also pitching a take-private deal or breakup, according to separate people. A Just Eat spokeswoman declined to comment.
Amazing opportunity to top-up at this price. $60b number is quite achievable at this rate especially now that grocery is added as a growth area.
I think the news article is positive, Just eat in discussion with several potential partners to strengthen its US market position after reporting orders were up by a third for the fourth quarter.
I would not call the results great, but they are within guidance. Would need to look for out for potential strategic options which was mentioned in the RNS in this quarter.
Not a positive open. Looks like it will be heading lower. Don’t think the CEO will last much longer at this rate!