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  • Finweek - English

    Simon’s stock tips

    Nov 01, 2019 5 minutes
    By Simon Brown

    PROSUS

    The scramble for tech companies

    rosus has announced an almost R100bn offer for UK food delivery company Just Eat. Just Eat had a recent six-month profit of less than £1m, so this really is about buying scale in the food delivery business. The challenge is that there is another share offer the Just Eat board prefers over the all-cash Prosus offer. I think that Prosus may have to improve their offer to get minority shareholders on board. And Prosus can certainly afford to do so. The bigger picture is the scramble for that critical mass in new technology-driven industries. Prosus is very bullish on food delivery, claiming that cooking at home will in time be viewed in the same way as making one’s own clothes – an oddity. But, importantly, the route to profitability remains uncertain; even if

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