Updates

Just Eat - Shares soar to new highs

September 2016

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.

Shares in Just Eat, the world’s largest online market place for delivering takeaway food, surged to a new high of 569p after interims were so strong that management upgraded its forecasts for the year and now expects EBITDA of £106m-£108m up from £102m-£104m.For the six months ended June revenues rose 59% to almost £172m with EBITDA rising 107% to £53.4m. Eps increased 81% to 5.6p. The UK enjoyed a 44% spike in sales to £110.5m, Established markets rose 33% to £35.1m while developing markets increased 220% to £11.2m. The Menulog acquisition (Australia / New Zealand) performed well with first time sales of £14.7m.For the year ending December ‘16, Deutsche ...

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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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