By Steve Moore | Wednesday 13 August 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in JUST EAT plc (JE.), which describes itself as “the world's largest online & mobile marketplace for takeaway… (which) connects 6.9 million active users to over 40,000 takeaway restaurants in 13 countries” have moved more than 9% higher, to a current 240p, on the back of results for the first half of 2014. The outlook is that “July's results continue to show significant year on year growth and we are confident that this momentum will be maintained”. With the shares having reached more than 290p following the April IPO, I now wonder how greedy the current share price is?
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