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Several 1million plus buys today
Someone clearly sees the phenomenal value and is accumulating a good position
Expecting alot more 1million plus trades when the ISA's can be topped up.
Never been a better time to take a position, in the knowledge how things were progressing prior to lockdown
And with running costs currently close to Zero.
Another 1 million buy.
Buying ticking up nicely as people realise the fall has been way overdone
And the measures in place under lockdown places BigDish in a far better position than most.
The rebound will be something special when lockdown is over, almost time to top up the ISA
Is that 2 x 1 million buys?
Great opportunity after confirmation from management
all UK workers have been furlough.
UK employee costs - Zero
Only UK costs = Rent for the small Manchester office.
Manilla Tech team costs have been dramatically reduced (confirmed in a recent Director interview)
BigDish are very fortunate unlike alot of small businesses that have high running costs they are unable to reduce.
Once the Lockdown is lifted BigDish will be perfectly positioned to benefit as restaurants will be desperate to fill empty seats at all times of the day !!
Enter yield management. Enter BigDish.
Unique in its approach to yield management for the restaurant sector, it is this uniqueness that restaurants will find so attractive.
Businesses will not survive just filling tables 6pm to 9pm they will turn to BigDish to fill those tables from 11am to 11pm.
Recent director buys at several times todays price
(2 million shares purchase)
After the lockdown momentum will continue
Running costs will remain low
Marketing will resume
Restaurant numbers will continue to increase
Chains will be quick to partner
Revenues will rapidly increase
Funding of which there has been no secret, will be done in a manner to preserve share holder value to the max, rest assured by the fact Aidan Bishop holds a large percentage of the current shares.
Very attractive and will shortly be able to stick even more in the ISA.
Thanks sorros I didn't know that
directors are not always right ,if they were we would only need to follow their buys or sell's to become rich .dyor.
It was and all for only 11k
Director Aidan Bishop paid 72k for 2million only a few weeks before lockdown at what he must have believed was a bargain.
That was a nice 1.2 million buy.
I personally don't think Aidan Bishop can afford to go around chucking £72,000 away .
Good news on the horizon imo once the lockdown is over.
Bet your house on it. Lol how old are you
You have been proved wrong again and are making yourself sound silly.
There has only been one revised strategy.
Bet your house on it if you are so confident then, as its such a “no brainer”. In 6 months time there will be a load more restaurants gone to the wall, so for those that are left they will be packed. Why would restaurants use their app when they will have no problems filling tables when restrictions end?
The company are telling you they need cash and are actively looking at ways of getting it. Can’t see that coming without massive dilution. Either they will get another angel investor again that they can BS their way to more funding (that funding at 7p doesn’t look so smart now) or you are looking at a massive equity placing at a massive discount, or bucket shop style death spiral finance. Either option doesn’t look good.
How many times have they tried a new strategy
Well the original strategy was area managers/boots onthe ground.
New strategy = Telesales
So not rocket science shouldn't take much working out even for the average dimwit.
Needless to say the telesales was showing fantastic progress under new CEO Tom Sumners guidance.
At the current price shares are an absolute steal with all staff furlough under the government job retention scheme, ensuring cash can be preserved for when things get back up and running.
Restaurants will be more desperate than ever before to fill those empty seats, so you can fully expect a rapid increase in the pace of restaurant sign ups including additional chains that will also be quick to jump aboard.
Remember just prior to the Covid-19 lockdown one of the main directors invested a further 72k of his own money buying 2 million shares to add to his already significant holding.
This volume of buying from a senior director would indicate good news was on the horizon, within the next few months had we not had the covid interruption.
News will now be postponed and sat safely in the top drawer until things get back to normal over the next couple of months. imo
You are right in saying that their future is dependent on restaurants opening back up. However, that’s simply not enough, as its also dependent on them being able to sell their business model, which they have singularly failed to do both here and overseas. How many times have they tried a “new strategy” to get restaurants to sign up as we have seen them lurch from boots on the ground to telesales each one trying to persuade you that if only they could get a bit of traction then you will all be multimillionaires, the next Uber apparently. Trouble is that’s masking that the basic offering is simply not compelling enough. You also have the problem that when restaurants open back up, its highly unlikely that they will need this for them to get the pointers back in. Weak restaurants will have gone to the wall, leaving a smaller number to serve the same population, who won’t have been out for ages, so even if they did have a compelling business model, ‘tis going to be months after that before they get traction at best.
Some of you think I’m just trying to get a cheaper entry price here, I’m not. I’ve been consistently saying that this is way overvalued, and the share price is now down over 70% since then. That’s got nothing to do with me spreading “negative sentiment” either, indeed no matter what anyone says on a BB, its unlikely to affect the price. I’ve seen this shamelessly pumped by the worst con artists out there trying to suck in the gullible. Just take the time to think clearly about what you are “investing” in.
Dish’s future is all dependent on the virus clearing up and restaurants reopening, as a worst case scenario let’s say a maximum lockdown of 6 months
Take September for example would ilthey still be able to continue as funding would need to be imminent?
#CLON #DEV #DNL #DISH #HEMO #N4P #ORCP #RMP #SAR @ZaksTradersCafe
Is Bigpish ment to be some kind of insult, or can you just not spell? I've been wondering for a while now
Share price up today - so what. I certainly won't be buying back in here in a hurry. The Restaurant Group may have had a 100% rise since they were told to close but they are an established business.
Anything could go wrong here. Tom, for example, may find another job - then there isn't a telesales team.
Chiquitos and Carluchios likely to go into administration. There will be many more in the coming months. When the country opens back up, the restaurants that are left won’t need bigpish to fill their tables.
#BulletinBoardHeroes, Friday 27th March 2020 @ZaksTradersCafe video charting update
Clontarf Energy #CLON Dev Clever Holdings #DEV Diurnal Group #DNL Bigdish #DISH Hemogenyx Pharma #HEMO N4 Pharma #N4P Oracle Power #ORCP Red Emperor Resources #RMP Sareum Holdings #SAR
Stock markets look forward, they see a company running out of cash. How will they raise cash? What price will it be at?
Market cap currently sits at 3.5mil.
If dish finds a venture capital trust to put money in which seemed to be the suggestion in the RNS yesterday then they can knockdown the price down.
So let’s say they invest £5mil at 0.5p. That’s an additional billion shares being issued. A fund raise at this scale. Increasing the shares in issue from 348mil to 1.348bil.
Good luck to all holders when that happens (and I think that’s a good case scenario, you haven’t seen the bad case yet)
Stock markets look forward. Will restaurants,pubs and cafes and shops open again?Of course they will. Will the world economy recover eventually? Of course it will,always has.
“Good news” are you serious? How can today’s RNS that confirms they will have zero income for months be “good” news? This dog may not be dead yet, but it’s on critical life support.
Great Post bigbaddaz.
Today's RNS was great in my opinion too.