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    Giles Thorne

    Research Analyst at Jefferies

    Giles Thorne is Head of European Internet Research and Senior Equity Analyst at Jefferies, specializing in technology and internet sector coverage including firms such as Bezeq, Inmarsat, and EchoStar. He covers a broad array of European internet and communication equipment companies, and his track record includes a success rate of around 45% and average transaction returns near 0.3% according to TipRanks. Thorne began his financial research career prior to 2014, joining Jefferies International Limited as an analyst and rising to his current leadership position; his earlier career history includes roles covering satellite, telecoms, and internet stocks. Professionally, he is registered with the UK Financial Conduct Authority and holds requisite securities analyst credentials to operate as a non-US equity analyst for Jefferies International.

    Giles Thorne's questions to Just Eat Takeaway.com (TKAYF) leadership

    Giles Thorne's questions to Just Eat Takeaway.com (TKAYF) leadership • Q2 2023

    Question

    Giles Thorne of Jefferies asked about the company's latest thinking on launching a subscription program in Europe and developing a dedicated FMCG advertising platform, given its growing scale in grocery.

    Answer

    CEO Jitse Groen responded that while a subscription model was launched in Canada, the logic is less compelling in Continental Europe where competitors lack scale. On advertising, he confirmed they have deals with major FMCG brands like Unilever and Heineken and are actively expanding their advertising platform's capabilities, viewing it as an interesting and growing revenue stream.

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    Giles Thorne's questions to Just Eat Takeaway.com (TKAYF) leadership • Q2 2022

    Question

    Giles Thorne of Jefferies asked if the company's plan to sell assets extends beyond iFood and Grubhub to other markets, specifically mentioning Italy and France, and requested color on the recent restructuring in France.

    Answer

    CFO Brent Wissink confirmed they continuously assess all countries. CEO Jitse Groen elaborated on France, explaining that the market shrank post-pandemic, necessitating a reevaluation of investments and a restructuring to focus on making its large marketplace business profitable. While an exit was not excluded, it was not deemed a necessity if profitability could be achieved.

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    Giles Thorne's questions to Just Eat Takeaway.com (TKAYF) leadership • Q4 2021

    Question

    Giles Thorne from Jefferies International Ltd. questioned if the company's stance on subscription models in Europe has changed, especially given competitors' focus on such programs and their expansion into markets like Germany.

    Answer

    CEO Jitse Groen stated that their view has not fundamentally changed, emphasizing the difficulty of entering markets with a strong incumbent. COO Jörg Gerbig added that the company already has a successful subscription program in the U.S. with around 3 million members and operates loyalty programs in most other markets. They are working to align these programs, which could include subscription elements in the future.

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