Updates

Just Eat

January 2020

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 bidding war for Just Eat grinds on. It has received a revised 740p cash offer from Prosus, valuing the group at £5.1bn. This represents a 25% premium to the Closing Price of 589 pence per Just Eat Share on 21 October 2019 (the last business day before the offer announcement).Rival Takeaway.com claims Prosus’ bid significantly undervalues Just Eat and the value that the Just Eat Takeaway.com all share combination will deliver to shareholders. It also said “Under the Takeaway.com offer, if the Combined Group's shares were valued at Takeaway.com's average trading multiple since its IPO in 2016, Just Eat's shares would be illustratively worth c. £11 each.”We highlighted the shares ...

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Dunelm - Take a part profit after share spike

Enquest

Just Eat Takeaway (October 2020)

Just Eat Takeaway - All share bid for Grubhub (August 2020)

Just Eat (December 2019)

Just Eat - Bid approach lifts shares (September 2019)

Just Eat - Target price raised 100p to 1150p (May 2019)

Just Eat (March 2019)

Just Eat (October 2018)

Just Eat (May 2018)

Just Eat - Hungryhouse clearance triggers upgrades (December 2017)

Just Eat - Online market place for take away food upgrades forecasts (September 2017)

Just Eat (July 2017)

Just Eat - Jefferies puts out £10 price target (April 2017)

Just Eat - Shares soar to new highs (September 2016)

Just Eat - Online market for takeaway deliveries to grow sales 122% by 2018 (July 2016)

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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