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BUZZ-Just Eat: strong orders put shares near record

Reuters - UK Focus

** Just Eat (Other OTC: JSTLF - news) up c.3 pct, within a whisker of an all-time high hit last week

** Says strong momentum continued in Q1, with LfL order numbers up 47 pct

** Co also seeing continued shift of consumers to ordering food through its apps & websites

** Stock up 80 pct vs 260p IPO price (April 2014)

** Lofty P/E of c.80x (1-yr fwd) - akin to other tech valuations which sparked fears of new dotcom bubble - is a deterrent for some who say the co could be replicated given it is simply a web app acting in capacity of middleman (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)