Company in the news: Just Eat

The newly listed takeaway middleman has a lot of growing to do, says Phil Oakley.

Unless the government is the selling shareholder, it is usually a good idea to stay clear of new flotations or initial public offerings (IPOs) on the stock exchange. That's because the seller is usually cashing out a high price, especially if the owner is a venture capitalist or private equity company.

Just Eat (LSE: JE)is a classic and extreme case of this. The company acts as a middleman, allowing customers to order takeaway food over the internet. The plan is to scale the business across the world and make lots of money.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.