Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There is no good news in the near future and with shrinking margins and board room shakeup. This will keep testing lows until £15-£17 IMO.
Honestly, doesn't make a good reading.
https://www.straitstimes.com/business/companies-markets/just-eat-coo-under-investigation-for-misconduct-at-company-event
With the chair not nominating himself, other funds angry on CFO and senior management for mismanagement and forecasting incorrect numbers, its not going looking good in the short term and i suspect this will drop to £15-£17 (barring acquisition interest from external parties)
No amount of activism is able to hold the price. Recent results are yet another profit warning and admission that they've swallowed too much more they can digest and wanted to get rid of GRUBHUB. This loss making business with huge revenues requires a different breed of managers to navigate these stormy waters. That said removal of management team will cause instability in the short term and that new management might come and do a kitchen sinking job. Suspect this might drift downwards in the short term to £15 before recovering.
This is getting a pounding day after day...Market conditions not great due to Russia - Ukraine War and neither have the results below expectations and still making a loss due to investments.
From the price action all indications are there will only be two results possible. Either 0 or higher prices. But precedents are already set with Germany banning trading of Russian equities, which unfortunately is clear for other NATO countries to follow. Looks like the writing is on the wall otherwise these prices are unimaginable for a business of this size and profits.
IG would not let you buy.
No. Unless you want to lose all your money.
Im pretty sure that the management will be under a lot of pressure from major shareholders to take some action and swiftly. Infact i would not be surprised if they are already working on a takeover approach at these prices from suitors. The enterprise value is now equivalent to what they've paid for GRUBHUB alone. Clearly there is value here.
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.
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.
I think it is now a clash of the egos between the City, MM as MM made comments on the city that the London IPO process sucked from start to finish. They can’t let this fly as their ego all be hurt. This entire saga resulted in a complete savage of trust and investment in the city for the largest Technology IPO for almost a decade esp given that most people of the commitments made during the IPO appears to have been met except for a marginal decline in margins.