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Nice of Dish to talk about cost savings after wasting valuable cash and valuable time. Months and months to hire these super-duper territoty managers and then months and months to work out their strategy was flawed.
Everyone could see it. Seemingly, Dish BoD couldn't.
You wouldn't want this BoD operating a vehicle breakdown service. You'd be roadside bound for months, if not years.
The Company is also pleased to announce that a new Territory Manager covering the South East of the United Kingdom (Territory 3) will start on 5 August 2019.
This is part of the Company's recruitment drive for Territory Managers to cover the entire United Kingdom.
Sanj Naha, CEO commented:
"It is also promising that our recruitment drive is progressing well. We look forward to updating the market on further recruitment and operational developments."
so.....the update has been to say that you have in fact scrapped the majority of the TM idea..barely 2-3 months after suggesting it was progressing well ....
The telesales has a better chance, but it is still all very competitive
Very tempted to re-enter after today's news
A good telesales team will soon start to accumulate restaurant numbers.
It would be nice to know if premises have already been sourced ? and the office is set up the last thing needed here is another 3-6 months wasted looking for the correct premises as it won't wash with the loyal holders still here.
They need to start generating revenue and fast.
Hopefully the premises are already lined up and the new CEO has the sense to got the wheels in motion double quick if its let to Sanj to sort out then I fear the worst here AB needed to cut his cloth and get shut of him and this was a great opportunity to do so.
Well done Ronnie you know it makes sense. This is surely the time to get in whilst almost at historic lows.
The TableNow offices are in Manchester, I would assume Big Dish will set up very quickly. Limited set up costs. Just office space, the internet and a few phones.
" A good telesales team will soon start to accumulate restaurant numbers."
what is the deal though....are these EXCLUSIVE contracts with a minimim contract period ? ..or can the restaurant use more than one APP company ( difficult to manage maybe ) and are they on a leave when I want type contract ? ...In other words what is the churn rate with all these restaurants changing from one App to another ??
" Hopefully the premises are already lined up and the new CEO has the sense to got the wheels in motion "
He will have only signed up if the decisions were made before he joined....IMO ...hit the floor running ASAP seems to be his requirement...the decision to get rid of the TM's must have been part of the pre-condition of joining
Has anyone had an experience of booking with your local restaurant using Tablenow?
How did it go? ...
Ronnie, my understanding is the new team will be moving into a serviced office at beg of Dec...so it probably is a Regus type place where everything is included...so no delays expected..I would buy mate....we have had the rinse today of the short termers offloading
Big, bold sweeping changes are exactly what was needed
Thanks Monty I am convinced a good telesales team will get results
But making a telesales office manager the CEO seems a bit odd.
I don't trust this lot and will watch how this plays out over the coming weeks
It is a big mistake not getting rid of Sanj been an absolute waste of money over the last 9months he's achieved 0.
Imo I don't care who is CEO so long as he has proven himself elsewhere and gets the job done...no need to have an old CEO...younger the better I believe...more hungry to do well. On Sanj, we will have to see - main asset are his connections to the chains...
"Imo I don't care who is CEO so long as he has proven himself elsewhere and gets the job done..."
Something is badly wrong if/when the CEO's job is solely to attract restaurants to the platform. This is only one part of the equation. The bigger part is generating sufficient revenues and managing costs. There is nothing mentioned in this fellas resume to suggest he is CEO material.
But again, this company and its founder is more interested in hyping up the share price than being commercially viable. Why do you need a new CEO to try out a telesales strategy? Because the goal was simply to revive the share price. But good old Johny Private Investor isn't falling for it this time!
The Californian Investor has more ammo if needed. See the bigger picture folks. This is early doors and a bargain basement share price for a wee while longer. But not for long......
‘The Company notes that Tastecard, Gourmet Society and TableNow all have proven the effectiveness of telesales within their operations and have all favoured this to a 'boots on the ground' approach to restaurant acquisition. ‘
‘Tom grew the platform, with a 10 person telesales team, from 250 to 3,000 restaurants across the United Kingdom over a six month period.’
Nuff said...
JOHNO77, it'd be interesting to know how many bookings have been taken by those restaurants that are on the platform that Tom and team has grown in such a short time.
Some of these reviews look interesting;
https://www.feefo.com/en-GB/reviews/tablenow?timeFrame=YEAR
Most of the restaurants didn’t know who Table now where, so where they ever signed up???
JOHN, Tom grew them from 250 to 3000 in 6 months, well Dish should have 200 by early December so if he can do the same or even near 3000 in 6 months it will absolutely rocket this sp, explosion would be a dream come true!
jsmith23, and if those restaurants didn't know they were on the platform, what does that suggest to you?
“ Nuff said...”
True, can’t compare capabilities in signing up an easier business model to sell.
Past history doesn’t matter when it comes to yield management. It would be more prevalent if they signed someone up that had a history of promoting yield management in other areas.
Ok agreed so a few bad reviews which need ironing out. Maybe tech glitches.
Far more 5 star reviews than 1 star tho if you care to look. The Fbook and twitter accounts look established and there were no bad reviews on those when I had a quick scan.
Am happy to give this time to unfold. As long as we stay above the recent lows then all good.
JOHNO77, checking the tablenow today, the website is allowing a booking for this evening at a restaurant that in now permanently closed!
Well done Sherlock but I’m confused as to why you are even here?
If you don’t like it don’t buy it. Simples! Move on and do something more constructive with your life...
I think a lot of peeps are missing the picture here,, were valued at 2p, with 200 restaurants currently in play.
where do you think we will be with 6,000??
watching ;-)
That was aimed at AP not Millair.
If a restaurant is closed that is obviously an issue and the site needs updating.
"valued at 2p, with 200 restaurants currently in play"
Someone else might say "overvalued at 2p with (less than) 200 restaurants". Worse still, the money will run out by Q3 2020 since there is zero revenues coming in. Mr Market is not a fool, the SP will continue dropping until new funding is secured.