Updates

Just Eat - Hungryhouse clearance triggers upgrades

December 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.

The shares spiked to a new high of 792p after two excellent pieces of news. Most recently, its Q3 trading update reported revenues up 47% to £139m, driven by a rise in orders and the inclusion of recently acquired SkipTheDishes. Total orders grew 29% to 43.1m (Q3: ’16: 33.3m) of which UK orders increased 22% to 26.2m (Q3 ’16: 11.8m).Given the continued strength of SkipTheDishes, it has also raised its revenue guidance for full year 2017 from £500m-£515m to £515m-£530m, with underlying EBITDA unchanged at between £157m-£163m.Earlier Just Eat announced the Competition and Markets Authority has provisionally cleared its £200m acquisition of Hungryhouse.Peel Hunt e ...

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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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