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All microcap stocks are high risk. So what! ASOS started at 10p and there were bulletin board loons like ART saying it was doomed and look at it now.
Lets say you're correct, even at 1000 restaurants the company will be worth 50mln as thats what tripadvisor valued Eatago at with 1000.
Thanks for proving the model again. You're not very good at this are you.
I wasn't expecting much in the way of intelligent discussion on this board but I would say that anyone who finds my earlier posts boring shouldn't be investing in the Stock Market and certainly not in Big Dish. This is a high risk share.
Anyway Aidan found Tom Sumner somehow and was pleased to inform the market that:
" In April 2019 Table Now rebranded with a new app and embarked upon a nationwide rollout. Following the rebrand, 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. "
Of course monty5662 then comes on here and tells us that Big Dish have not actually committed to or said they will do the same, which on a technicality is true but then why bother telling us this in the first place if we cannot keep up with targets other companies have managed. That is a very poor way of going on.
Anyway it is probably just as well that Big Dish have no intention of getting to 3000 restaurants in 6 months. With 2 months gone already, that would mean they would have to sign 2687 restaurants in 4 months which equates to a whopping 672 restaurants per month or the equally whopping 168 restaurants per week.
One more point. The 1p per 100 restaurants is no more than a ramping tool that some here have thought up and persistently posted (me included) with the objective of ramping up the share price. There is no credibility to it, particularly taking into account the wayward manner in which the telesales team are approaching the signing of restaurants at the moment. All of these one restaurant locations are quite worthless to the share price.
At the current rate it will take a year or more to get to 3000 restaurants.
you prove the model, as soon as the name gets out there Dish will blow the competition out the water, why would you book on open table when you can book with Dish and get a discount?
The ART of Nonsense...
Art, I think youve been listening to the bashers too much, this share will be 20p by Q4.
If you hate it that much then sell your shares and do something better with your life rather than posting about shares probably dont have a position in, thats just sad, go to journalism school if you want to do that.
Art, how much revenue do the competitors have?
You know nothing about the sector, just trying to get people to sell so you can buy cheap, what research have you done on the sector? If you would have done any you would know that Revenue is the last thing serious investors look at.
Some posters, me for one, have been saying for ages that Big Dish needs to sign up restaurants in the big cities. Looking at the diner numbers on the Open Table App it looks as if Big Dish doesn't have much revenue simply because they are operating in the wrong places.
Bournemouth is small time for restaurant numbers - the big cities and particularly London are big time.
Silly schoolboy error.
Neither Tiien Thai or The Crab have any offers or discounts on Open Table today and yet they have still taken 20 bookings between them. Both are 25% discount with Big Dish.
Bournemouth is small-time compared to London, Edinburgh, Glasgow and other large English cities. Revenue should increase dramatically if Big Dish can get big numbers in the big cities.
Bournemouth figures in comparison:
https://www.opentable.co.uk/dorset-restaurants
Tiien Thai and The Crab are both on the Big Dish app and are not even the most booked in Bournemouth.
https://www.opentable.co.uk/i/edinburgh/edinburgh-restaurants
https://www.opentable.co.uk/g/london/west-end-london-restaurants
Open Table meanwhile is the exception - neither discount card or yield management - but they have upwards of 25,000 restaurants signed to their platform with 12,500 bookable at any one time.
The restaurants pay for the booking, and I'm sure they pay a lot more than 50p per head.
Half the restaurants have no discounts at all and yet according to the figures on the App they are still taking up to 100/150 bookings per day at some of the busier places.
To be honest their App makes all the 50% off all day places look a bit cheap.