Aandeel JUST EAT TAKEAWAY AEX:TKWY.NL, NL0012015705

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Henkie 1960 schreef op 13 november 2024 17:54:

De Analist / Just eat

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Dividend Collector schreef op 13 november 2024 17:59:

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Geloof je echt dat dit dan binnen een dag na aankondiging al op het bord staat? Niet erg realistisch.

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Franky G schreef op 13 november 2024 17:57:

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men had hier een koers in de range € 20 - € 24 beloofd bij de verkoop van Grubhub.

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Franky G schreef op 13 november 2024 17:57:

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men had hier een koers in de range € 20 - € 24 beloofd bij de verkoop van Grubhub.

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Johnnepon schreef op 13 november 2024 18:11:

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De som der delen gaf een waarde van 1,5-2 miljard. Het werd 50 miljoen..

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Daarom schreef op 13 november 2024 18:17:

Bij een groene AEX morgen minimaal 10% erbij!!

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keffertje schreef op 13 november 2024 18:14:

Just Eat’s discount deal puts CEO on notice

Just Eat Takeaway.com NV
C
13,04 +1,85 +16,53%
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

By Karen Kwok

LONDON, Nov 13 (Reuters Breakingviews) - Just Eat Takeaway’s CEO cannot afford another error. Jitse Groen’s $5 billion U.S. M&A venture has been offloaded at an embarrassing discount. The share jump of the $2.8 billion food delivery company following the announcement of Grubhub sale to rival Wonder suggests investors are relieved. But given the company is trading at a discount to peers his next mistake may be his last.

On the face of it, the $650 million Grubhub sale is worse for Just Eat Takeaway than it first appears. The deal consists of $500 million in Grubhub debt, and another $100 million in cash needed to fund daily operations. That means the Dutch-listed takeaway firm will receive just $50 million in net proceeds from the $5 billion all-share deal closed back in 2021.

For any other boss such an eye-watering markdown would lead to a swift departure. But the 20% surge in Just Eat’s shares following the announcement of the deal suggests there is some upside to offloading a souring business that was one of the prime reasons the company’s shares were down 85% since June 2021. Analysts expected Just Eat Takeaway's North America revenue to decline 8% this year, Visible Alpha data showed.

The discount deal can also help smarten up Just Eat Takeaway’s balance sheet. Groen can use the proceeds to wipe out the company’s net debt, and it will halve the company’s share-based expenses, which analysts expected it to be $152 million in 2024, according to Visible Alpha data.

Removing the U.S. business will also allow Groen to address Just Eat’s depressed valuation. The business is trading at 21 times the free cash flow analysts expect it to generate this year, versus DoorDash which trades at 35 times and Deliveroo at 32 times, according to Visible Alpha data.

Groen’s best shot at closing that gap is flogging other underperforming businesses. To start, he could offload the Canadian and Australian units, which together could deliver 350 million euros, Bryan, Garnier & Co analysts reckon. Groen then could reinvest those funds to expand in more promising markets like Poland. Boosting growth and calling time on disastrous deals may be Groen’s best hope at keeping his job.

Follow @karenkkwok on X

CONTEXT NEWS

Just Eat Takeaway on Nov. 13 said it had struck a deal to sell its U.S. unit Grubhub to food delivery startup Wonder for $650 million.

The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since early 2022, after acquiring it in 2020 in a $7.3 billion all-stock deal. The acquisition completed in 2021 with a lower valuation of 4.8 billion euros ($5 billion). Grubhub's enterprise value of $650 million includes $500 million of senior notes and about $150 million cash. Just Eat Takeaway said it expected net proceeds of up to $50 million from the deal.

Shares of Just Eat Takeaway were up 20% by 0803 GMT on Nov. 13.

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Johnson schreef op 13 november 2024 18:15:

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Veel te weinig maar ik denk dat Jitse blij is dat die er vanaf is.

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Johnson schreef op 13 november 2024 18:15:

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Veel te weinig maar ik denk dat Jitse blij is dat die er vanaf is.

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Siwu schreef op 13 november 2024 18:33:

Dus iemand bij jet zegt afgelopen q daar al 32 mijoen binnengehaald hij verwacht zelf minimaal 17-20 dus bijkopen of niet jongens?

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keffertje schreef op 13 november 2024 18:14:

Just Eat’s discount deal puts CEO on notice

Just Eat Takeaway.com NV
C
13,04 +1,85 +16,53%
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

By Karen Kwok

LONDON, Nov 13 (Reuters Breakingviews) - Just Eat Takeaway’s CEO cannot afford another error. Jitse Groen’s $5 billion U.S. M&A venture has been offloaded at an embarrassing discount. The share jump of the $2.8 billion food delivery company following the announcement of Grubhub sale to rival Wonder suggests investors are relieved. But given the company is trading at a discount to peers his next mistake may be his last.

On the face of it, the $650 million Grubhub sale is worse for Just Eat Takeaway than it first appears. The deal consists of $500 million in Grubhub debt, and another $100 million in cash needed to fund daily operations. That means the Dutch-listed takeaway firm will receive just $50 million in net proceeds from the $5 billion all-share deal closed back in 2021.

For any other boss such an eye-watering markdown would lead to a swift departure. But the 20% surge in Just Eat’s shares following the announcement of the deal suggests there is some upside to offloading a souring business that was one of the prime reasons the company’s shares were down 85% since June 2021. Analysts expected Just Eat Takeaway's North America revenue to decline 8% this year, Visible Alpha data showed.

The discount deal can also help smarten up Just Eat Takeaway’s balance sheet. Groen can use the proceeds to wipe out the company’s net debt, and it will halve the company’s share-based expenses, which analysts expected it to be $152 million in 2024, according to Visible Alpha data.

Removing the U.S. business will also allow Groen to address Just Eat’s depressed valuation. The business is trading at 21 times the free cash flow analysts expect it to generate this year, versus DoorDash which trades at 35 times and Deliveroo at 32 times, according to Visible Alpha data.

Groen’s best shot at closing that gap is flogging other underperforming businesses. To start, he could offload the Canadian and Australian units, which together could deliver 350 million euros, Bryan, Garnier & Co analysts reckon. Groen then could reinvest those funds to expand in more promising markets like Poland. Boosting growth and calling time on disastrous deals may be Groen’s best hope at keeping his job.

Follow @karenkkwok on X

CONTEXT NEWS

Just Eat Takeaway on Nov. 13 said it had struck a deal to sell its U.S. unit Grubhub to food delivery startup Wonder for $650 million.

The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since early 2022, after acquiring it in 2020 in a $7.3 billion all-stock deal. The acquisition completed in 2021 with a lower valuation of 4.8 billion euros ($5 billion). Grubhub's enterprise value of $650 million includes $500 million of senior notes and about $150 million cash. Just Eat Takeaway said it expected net proceeds of up to $50 million from the deal.

Shares of Just Eat Takeaway were up 20% by 0803 GMT on Nov. 13.

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beleggertje2020 schreef op 13 november 2024 18:36:

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Denk van niet , zelfs NIco Bakker is veel en veels te positief over JET . Denk dat al diegenen die JET vandaag kopen , binnen no time nog op 20% verlies komen te staan en misschien zelfs nog heel erg veel meer ! We zullen zien ! Van JET blijf ik mooi af totaan de ca 10 Euro koers of juist ietwat eronder !

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Franky G schreef op 26 oktober 2024 12:42:

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Welke verkoop? Er wordt gewoon niets verkocht.

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déjà vu schreef op 13 november 2024 19:00:

Er zou nu zomaar een bod op Just Eat Takeaway kunnen komen.
Mega cash en winstgevend over 2025