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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Just Eat - Jefferies puts out £10 price target

April 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • JE.
  • Price:
  • 574p
The shares rose sharply in response to strong results as Just Eat, the largest online market-place for delivering take away food, increased revenues 52% to £35.7m on the back of a 42% rise in orders and 8% increase in revenue per order. EBITDA increased 93% to £115.3m while eps rose 85% to 12.2p. Guidance for the current year is for EBITDA to rise again to between  £157m-£163m.In the UK revenues rose 40% to £237m, driven by a 1% rise in commission rates and higher volumes thanks to upping marketing by £10m to £38m. Established (overseas) markets, which include Denmark, Benelux, Canada and France, also performed well with revenues up 176% to £26.2m while Australia / New Zealand improved 42% to £36.8m.Management were upbeat abo ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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