Member Info for sudnal

Having considered the risk reward on offer, I ve taken the initial position of 10000 shares yesterday at 119.56. Plan to keep them atleast for 3-5 years

City makes money by creating bubbles (both optimistic and pessimistic) and get people dragged into them. Agree long term investments win provided business where you invest delivers growth. Colliding with hedge funds who have more power and control in the markets when your house is not in order calls for further trouble.

Results are good IMO, but fighting a war with hedge funds only makes it worse as they have more power and control over the market. Just put your head down and deliver the numbers and investors will come.

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.

Suspect there is 15-20% upside here in the medium to short term. This has fallen far too low and as expected touched £35 before the reversal. Results tomorrow hopefully will provide much needed confidence to the market and also on the divestment of iFood and Grub with focus positioned strictly on the European markets where they maintain their lead position.

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.

It appears that this is still in the downtrend and might tough £35 before trend reversal...

This is still in the downtrend and not sure if its done yet..

$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.

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.

Looks like the overhang on share price will be lifted with Blackrock completing the sale of 4% shares. Time will tell. Buy and hold.

Markets always surprise everyone doing exactly the opposite of what people expect. Looks like the overhang on share price is lifted with Blackrock completing the sale of 4% shares.

Blackrock might have already when the share price came down from £3 to £2.17 now. What's the guarantee that other funds are not loading up.

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.

Not sure if that is possible. There has to be sells and buys by equal amount of shares. I suspect there is a big sell order being filled in the background.

I have taken a position too. Have confidence in the business model and has excellent potential to re-rate.

I have taken a position of 8000 shares today at 1.5934 having seen the price becoming stable and trading volume reduce around this range. Will add more if it falls. Hopefully have found the bottom at this 5 year low level.

It's not a pleasing sign to see the investments go down the drain. Thought they have hit the bottom few months ago around 100p, but looks like this is in a relentless downward trend. With the likelihood of a fall in gold prices in the short term, i suspect 82P target looks a possibility.

CaneToad, Market price is the reality and the market is valuing the company based on the information that is available to them. In the short term market lost confidence in the execution capabilities of the management. Not to say that this will not change in-time. Other companies have typically lost 25-30% with such a trading update, atleast dividend here has helped to reduce that fall by some extent.

Someone was predicting 180P few months ago and everyone dismissed him saying its not a 180p share at all. Just goes to show how quickly the markets will react and bring the shares down. Of course, TCAP also is to be blamed for the bad results. Fevertreeman was right requesting everyone to exercise caution. Think this has all the traits to test 52 week lows IMO.