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Wrong again Humpon no salesmen here just a small marketing team that have all been furloughed
Unlike your precious immo who have salesmen flying here there and everywhere and probably all business class while swaning around in 5star hotels no wonder the admin costs over at immo are so astronomical.
Said it months ago immo will spread themselves to thin and end up like patient line in my opinion.
BigDish are in a great position to benefit from the need for restaurants to increase there revenue in the second half of the year
Restaurants will be reaching out for any help they can get and BigDish will be on hand to benefit substantially.
Restaurants in general:
https://london.eater.com/2020/4/1/21202581/coronavirus-uk-latest-one-million-businesses-closing-restaurant-job-losses
https://www.birminghammail.co.uk/whats-on/food-drink-news/pubs-restaurants-birmingham-facing-ruin-17936306
https://thebristolcable.org/2020/03/bristol-coronavirus-businesses-impact-food-restaurants-pubs-government-threw-us-under-bus/
restaurants using the bigdish app are not immune to the impact this is having, if you think they are then maybe you're better putting your money in ladbrokes.
Any ways i'm done here now - just balancing the boards from ronaldtrumps excessive de-ramping over on IMMO when this is in the same situation as that company.
Bye for now
Which restaurants on the Dish app are going bust Humpa ?
Each raise their has created new installations of vr headsets.
Raises here just pays wages for salesmen that doesn't progress the company at all other than having more restaurants use the app.
Restaurants going bust all over the company shows where this is going
You are wrong Humpon because immo have already raised funds 4 times and will no doubt be back asking for more wouldn't surprise me if they appointed Oliver Twist to the board.
BigDish on the other hand have reduced there overheads to almost Zero during this period of stagnation.
So let me get this straight your idea of a 'strong buy' is a company that is getting pounded by the current climate and is going to miss the peak summer trade and as you stated, they need a raise towards the end of the year.
Failing to see how you can state this as a strong buy, it's not.
it's a strong sell and you're locked in here looking for a way out. Stop trying to mislead people
The main difference as I see it
immo have extremely high admin costs that will eat through the recently raised funds, immo were dependent on income to help with overseas staffing and running costs, that continue to reduce the bank balance.
Unlike BigDish who have already furloughed all UK staff after already massively reducing operating costs under a revised strategy that was showing rapid progress upto the lockdown.
There has been no secret this year was about restaurant numbers a period of growth and brand awareness and not about profit or turnover.
There has also been no secret that there would be some kind of fund raise towards the end of 2020
Immo on the other hand have just raised funds again and were relying on having a revenue stream.
And that is why I make BigDish a strong buy and Immo a sell.
Ronald we take on board you sweet talk but its the hard facts that matter
Funny that Ron, because the status here is basically the same as IMMO but you seem to put that one as a strong sell and make it clear on that board.
Wonder why you believe this one is a strong buy, is it because you're looking to sell and are ramping this one :)? Yeah everything is you say is complete crap mate, this is on a serious down turn and to be honest probably won't make it out the other end of corona virus.
Strong sell here - save your cash while the company is still worth anything
Should be an RNS due
Updates on talks with any chains, hotels and restaurant chains have HQ's that will still be operational and should be targeted by directors while the rest of our UK staff are furloughed, updates on any behind the scenes progress.
Also monthly operating costs significantly reduced with business rates relief and grant's for businesses with small premises Bigdish look set to benefit on all fronts.
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.
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
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.