Just Eat- Takeaway.com

🤝 Help
1

Hi,
So today I see that the Just Eat shares have been sold (but there’s no mention of it anywhere other than it disappearing from my portfolio and some free funds becoming available). I got my free funds, which wasn’t shown in the transactions, but a small amount was also withdrawn, which was the only mention of the sale in my transactions.

I was just wondering why this withdraw happened, and is it coming to my bank account? And also why the transaction wasn’t made clear as I like to keep track of my portfolio In a spreadsheet and I’m just a little confused about what to enter today.
Many thanks

2

@CavanHaganInvesting Yes, we implemented the takeover a few hours ago. Your initial investments have been basically “unlocked” & free for use again, while the amount you see in transactions is the result of the closing - opening price = e.g whether you’ve made a profit or loss from your investment.

2 Likes
3

So the profit is being sent to my bank account? Thanks for the quick response

4

What is the takeover?
What does this mean all profits go straight to the bank?

5

@CavanHaganInvesting The result is what you see in transactions. If it’s negative, that means that the investment/trade has lost money - the closing price was lower than your average opening price.

6

Noob question : whats a takeover ?

7

@Keoxes Basically the purchasing of one company by another, usually public companies.

If company X buys all shares of company Y - company X has completed a takeover of company Y.

@StefanStandUp This is the Just Eat - Takeaway takeover -> https://www.reuters.com/article/us-just-eat-m-a-takeaway-com/takeaway-shareholders-approve-just-eat-acquisition-company-idUSKBN1Z81SW

8

ah ok , thats what I thought takeover are too.

Didnt see anything in the current news but your link helps to provide context.

9

Oh so it’s a withdrawal taking away my losses. Ok I understand