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Just Eat - Bid approach lifts shares

September 2019

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:
  • 775p
The shares rocketed nearly £2 to 812p after Just East unveiled it had received a bid approach from rival Takeaway.com. The terms are an all share combination with Just Eat shareholders to receive 0.09744 Takeaway.com shares for each Just Eat share.This has come at a difficult time for Just Eat, with its half year results showing revenues up 30% to £464m with underlying EBITDA (excluding Mexico) down 16% to £72.4m driven by accelerated investment.The issue according to Jefferies is that Q2 was slightly below expectations (when the weather warms people are more inclined to have a BBQ rather than order a take-away). Revenues came in 3.5% behind consensus forecasts and Q2 ’19 group orders of 66.5m was 2% b ...

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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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