wiegveld schreef op 28 mei 2022 10:06:
seekingalpha.com/article/4507144-just...Niet een heel goed artikel van deze student maar de figuur over omzet in USA van de bedrijven zegt veel en de reactie van een Duitser op de these van de student dat Frankrijk wel eens verkocht zal worden is duidelijk:
GermanStockTrader
08 May 2022, 5:35 PM
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If you really think that Just Eat France is worth several hundred million euros than you are completly out of touch with everything that happend in food delivery the last few years.
Just Eat France has less than 5% market share (Deliveroo 35%, Uber 60%) acc. to YipitData, is not only losing share but also absolute orders and is highly loss making. With Deliveroo having about 1.5bn € GTV in France, Just Eat has a maximum of 200m GTV there and shrinking. This asset is worth as much as JET Portugal/Norway, Uber Eats Brazil/Hong Kong, Deliveroo Spain/Taiwan --> nothing. And to think Just Eat France deserves a higher multiple than Doordash is insane.
All competitors know that JET is struggling and needs cash so they could let them suffer and take share easily, like they have done in the last few years. If they could sell these assets, there is no way somebody pays >0.1x GTV. Even 12 months ago in far better market conditions food delivery platform sales rarely exceeded 0.5x GTV for decent market positions.
Voor een fooi weggeven is realistischer, zoals ook wel hier eerder gedeeld.