Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Yes your in profit but others who bough at ipo float price are no way near break even
This is the evidence that sp is diminishing daily, you don't need any more evidence than that
And I personally am wasting half my life on this damn company for not a lot at the moment which is what pisses me off the most. I don't even like long term holding a share - I like to be in and out with a nice chunky profit. Not much chance of that happening here at the moment though.
Would this be a happy board if the share price was 10p or 15p - yes, we all know it would. Is it a happy board while the share price is 2.20p - no, everyone is pissed off and ratty and picking on and attacking everyone else's posts and it's all a bit of a warzone.
Unfortunately, the only thing that is now going to get the share price to move upwards is signing up more and more restaurants.
AJMO
I'll repeat the first part of my last post as it sums up what is happening or rather not happening here:
Obviously everyone posting here wants the company to succeed and the share price to rise by many multiples of today's' figure and by many multiples of the IPO starting SP but the reality is that with the progress so far that is just not going to happen.
AJMO
Obviously everyone posting here wants the company to succeed and the share price to rise by many multiples of today's' figure and by many multiples of the IPO starting SP but the reality is that with the progress so far that is just not going to happen.
And unfortunately, after a marked improvement in January, February and March, when the share price actually rose for a while and reached as high as 4p since the dire RNS on 19th March 2019 all the progress seems to have ground to a halt and the share price has reversed back down again. This is very poor.
The stock market is a harsh environment. Shareholders always expect too much and obviously want the share price to be as high as possible but they will also leave in droves if things are not going very well or moving fast enough.
And don't forget that this concept is as yet unproven for restaurants in the UK.
AJMO
Well at least my world is more positive. Cheers for half price shares. I'm already in profit
Yes, my opinion is that beebopalula lives in a fantasy world.
"Market doesn't like it? Evidence please" - just look at the share price. And this is the only market indication for any share anyway. If you're not going to look at the share price don't bother with shares. And all of the trades today have been sells.
Market doesn't like it? Evidence please
Yawn
Your not a realist
The market does not like the progress so far, sign up need to increase....
I have already answered your repetitive question
Why are you ignoring the facts?
You make out as if its flying and sp is booming..........
Yawn
I agree. The management here, including Sanj, are very good at talking the talk on numerous podcasts and at presentations but not much good at getting on with the action.
All talk and no action.
AJMO
I'm still being quoted 2.22p to buy and 2.165p to sell so looking at the trades above all are sells. Only small amounts but it shows a lack of buying interest here.
Progress is slow and sp reflects this, diminishing
Disappointing to see as we were 3p+ a month ago, progress needs to be consistent, not 1 step forward 10 steps back
The signups and roll out are not aggressive in the slightest, grab the bull by the horns and get hings moving!
This is why the management have said they need to sign up the independent restaurants first, then the smaller chains and then the larger chains with a target of 2000 in each.
However even to get 2000 independents signed up in 2 years will be a tall order and yet everything else depends on them doing this first. 2000 is 200 per territory which is fine but with 8 months already gone of the first 2 years then that would mean adding nearly 120 restaurants per month for the next 16 months to reach this figure.
Figures: 2000 less 111 = 1889 divided by 16 months = 118 per month.
Some posters are talking chains suddenly appearing on the platform but that is not going to happen yet for several reasons.
One obvious one is that big chains do not want to be used a guinea pigs for a new concept which is as yet unproven in the UK for restaurants.
Also the big chains which have restaurants spread around the country will most probably not be added until all of the territories are up and running.
anjelaj6611's figures as posted by her are inaccurate. I'm not going to accuse her of posting false information but it is little better.
8 out of the 9 current restaurants in Bath were signed for the beta testing and they were added in October of last year. Also 47 of the current 49 in Bournemouth were migrated straight from Table Pouncer so they haven't been added either. Finally 1 restaurant from Bristol and 1 from Southampton were also on the Table Pouncer platform.
So 57 of the current 111 on the platform were either added last year or came from Table Pouncer so the true figure of signings since the end of January is 54 - which is 5.4 a week (and not 9 a week).
More importantly, 22 restaurants were added in February followed by 32 additions in March. This was a marked improvement on last year and January and seemed to be a turning point for the company. However this seems to have now slowed down in April as we are already 10 days in and only 4 new restaurants have been added.
The best performance so far per territory is the 20 added in Bristol in one month (February or March) so a good starting target would be 20 per month per territory and with T1, T2 and hopefully soon T3 up and running that could be as many as 60 a month. Though of course this is getting ahead of what is actually going on as of today as that would give a total pro rata of 20 signings so far this month but in reality we only have 4.
AJMO. AJMC (which stands for "All just my calculations") and could also read AJMF (for "All just my figures")
650 in the first year is not 90pct of target. They said 2 years. Impossible to say whether they will reach target or not
Even if they managed 4000 that will be a healthy profit
Also the negateers are calculating there figures on today's territories. They have not taken into account the sign ups for when they roll out properly or when software is implemented for self sign ups.
Sanj said they should reach 6000 restaurants in two years. They didnt say they would do this by signing up so many per month Aiden has said they are okay for money. If I ever found out that amateur investors knew more than the CEO and founder I would be the first to leave.
Using the figures Angela posted, sign ups at 9 a week and throw in some chains at 200 venues
we arrive at a first year of around 650 outlets using Bigdish
about 90% short of target.....the market will not like that!!
Expensive staffing? Do you know the figures?
Sorry...I must have missed the RNS to say they are running being. Where can I find this information please?