Skip to content

Three Quick Facts: Just Eat, National Express and MTI Wireless

Three Quick Facts: Just Eat, National Express and MTI Wireless

Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Just Eat tough comparatives could picture, EBITDA forecast upgraded

There’s a Q1 trading update from Just Eat Takeaway [LON:JET] and the numbers don’t look great but management are keen to stress that these come against some tough comparatives, as Q1 ’22 was the second best performing quarter of the pandemic. Longer term the company believes that for the full year, GTV will improve by between -4% and +2% and that full year EBITDA estimates have been upgraded from EUR225m to EUR275m – a glass half full view here seems warranted.

#2. National Express post-COVID recovery continues apace

National Express LON:NEX has also issued a Q1 update covering the January-March period. Revenues added 25% which was in line with expectations even given the impact of industrial action in the UK. The resumption of scheduled coach travel in the UK as services were restored post COVID also had a flattering effect on the numbers. Management add that they have been working hard to mitigate against inflationary pressures and are undertaking a number of productivity initiatives to help navigate the current economic uncertainty.

#3. Longer contract terms for MTI

AIM listed MTI Wireless [LON:MTI] has announced two long term contract wins for a subsidiary which are collectively worth $2.2m. That relates to an existing customer agreeing to longer than previously issued contract terms, so whether this is sufficient to move the dial on a company with a £50m market cap remains to be seen.

Share this article

Invest with these platforms

Hargreaves Lansdown

IG

Interactive Brokers

eToro

Charles Stanley

IG

Interactive Brokers

Charles Stanley

Looking for great investing ideas? Get our free newsletter.

This article does not constitute investment advice.  Do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Schroders
Aquis
FP Markets
CME Group
Pepperstone

Plus500
ARK
aberdeen
eToro
WisdomTree

Back To Top