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sorry, stable very low boring %
Spero - Can you tell me which FTSE100 fund gives a stable 10%? Tia
RE poor sign-up figures.
tldr: strong hold, invest in the story
The problem here IMO is, the general public don't know about or use Bigdish. Restaurants have never heard of them. Some think it's worth a try, so they sign up and offer 50% off, then no one turns up. Some then drop out (despite there being no cost of remaining in). Most businesses who exit probably decide it's not worth their time making sure all staff know what to do if the one customer that week comes in.
Investors and potential investors see the numbers declining over time (fewer sign-ups than drop-outs) and call out the model as the problem, even branding it a failure. Less than two weeks ago, I was part of that noise, bemoaning the loss of 24% of pre-Brighton restaurants to this forum.
Someone posted a reminder on this forum that we've been allowed in *early*. Other start-ups would get much bigger, perhaps even have a nationwide skeleton, before floating at £1. If dish had decided to do that, as I suspect they often wish they had, we'd have missed out on that astronomical increase in share value.
A trade off to being allowed in now is that we see the things that aren't working, then bite or nails hoping they can work it out. I think with this issue, they have a clear understanding of the problem and are innovating around it. They need customers to use the app and go to restaurants. Without a big increase in public awareness then the sign-up/retention problem will never go away. The Brand Ambassadors are part of the solution. Hopefully just a small part of a much wider public awareness campaign. As people learn about us and the customer base grows, more business will stay on the platform. Happy customers organically lead to other new customers, which provides a growing customer base for more restaurants on the platform. Restaurants will see the platform growing without them and want to joing (self sign-up portal)
It's like trying to start rolling a large boulder. Eventually, it will hit a Malcolm Gladwell style tipping point in public/restaurant awareness, and the territory managers will have the easiest jobs in the UK.
You can't ask people to prove it's a sound investment when the shares are just 5p. If you need that kind of security before you commit then invest in an FTSE-100 fund and make a stable 10%. Or invest in a story that should be amazing and make 1000%
Merely putting failings into words
Too many to list. With four members of staff and a much heralded launch Brighton produced five sign-ups.
I expect a good operational update at the end of the month. Dish only need one good tie up. It's all coming. Unfortunately some are taking the window of opportunity to slate the company. Crack on if it makes you feel better .there is so much going on behind the scenes.
Added some more just now.
I don’t usually average up but at today’s bargain price why not.
No just going to let you drown in your sea of negativity. It's just lack of staff to grow at the speed of market expectations. My long term view has not changed.
Drax, we seem to be on the same page. See you in Miami in a few years, or Butlins. We'll see.
You cannot be convinced by the numbers because they reflect failure by the company. The numbers cannot be interpreted in any other way.
The concept behind Bigdish really does seem like a winning project but the above says otherwise. At this stage one can only conclude that it is not being well presented to the trade by those selling it or that the trade do not like the concept. Add to that several gaffes by management which have impacted on confidence and you have a company which appears to be at a standstill.
However, taking the company at it's word, difficult for some, there is a new wind blowing through the company. The employment of reps to enable a national roll out, apparently going well. Let us hope that they have the right kind of training to represent the deal offered by the company. Considerably more caution from the company with public statements to avoid let downs.
On balance, I am still optimistic this will succeed but nowhere near as confident as I once was. In terms of investing you take a chance now and make mega profits or maybe lose all or wait for things to look more professional and make a much smaller profit.
I am heavily invested here though I have taken the opportunity to trade from time to time
Can't help you Hitt as I am not a ramper
I'm sat on the fence, but there's only so much you can do with limited numbers. My view is wait and see what happens once all the managers are in. After that you'll be able to judge whether this will succeed or not. If you get in now, you're likely to get bigger gains, but risk losing it if it doesn't work. Or come on board after all mangers are in place, but then you'll miss the rise.
At the end of the day it's your decision. You know how this game is played.
For those relentlessly posting Yawn, Bla Bla Bla etc. I've been sat on the fence on Dish for a while, have done my own research but still can't be convinced by the numbers.
Can one of you "rampers" please give me a reason why Scottman, Drax or Ronald are wrong and the poor sign up figures are actually for valid reasons and not because of a failing on Dish's side?