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Cash burn would have to have been significantly reduced to have 0.35 of a penny per share in the bank
They had practically burned through all the ipo money within approximately 9months
At 0.35p you are making an assumption that they have hardly spent a penny in the proceeding 8 months upto now (December). I would be astonished if they had the equivalent of 0.2p per share cash in bank.
This Tom fella has been appointed a year to late while the management have dithered this way and that squandering money without a clue spewing false promise after false promise. (anyone seen anything of the brand ambassadors)
They now set up the telesales that anyone with 2 brain cells would have done from day one, and when have they decided to set it up ...... the start of the festive period when restaurants are not interested, you couldn't make this shyte up could you.
thanks for the correction Yoda....not misleading anyone....but i was wrong for sure....
I rechecked the numbers...the cash in the bank is worth about .35p
fair enough...i thought the mc had dropped today to around ÂŁ2 mil. its actually about ÂŁ4 m....
My point was this drop is now overdone imvho.....a couple of decent buys i see today....
Lets see....how the man does from here...some kind of rally is much more likely than a further drop imho....
Fair point but it's distinctly possible that the telesales approach could work as that's what was used at Tastecard and Tablenow...if I had known now about telesales success at those two places I would have been v sceptical about the TM approach..I honestly don't mind that the new CEO is young as he's likely to be more ambitious and hungry..never be put off by the youth...as to valuation of dish at this stage it is impossible to put a valuation as there is nothing but as with all potential growth companies it's the perception of the future which the market will discount..if in the early part of next year we see positive traction from the new team then this share will fly...I have a tiny position and will buy around 1p or under if I'm lucky..share could easily drift in the meantime and have a sharp spike down still
Hi Monty
Like you I've followed the company for a long time and witnessed the numerous times investors myself included have been mislead here.
It would not be right that potential new investors were duped into buying based on more false promises and existing shareholders posting false claims like VALUED AT CASH IN BANK.
You and I both know that is not true and the current valuation still way exceeds cash in bank.
I hoped you had sold here as things have just got worse and worse, appears nobody is steering this ship and now to make matters worse a telesales manager has been placed at the helm in the guise of a CEO.
M/C = 4million
Cash in bank May 2019 = ÂŁ10,000
Hardly valued on cash in bank
I'd estimate it being valued at almost 3 to 4 times cash in bank, and for an app hardly anyone has heard of it's way overvalued @ 4million imo.
IMO opinion scrap the 50p chare and just keep the ÂŁ1 OR
Change the model to Toms previous company and charge a subscription that worked for that company..
Bottom line if Tom cant get this going it means the model does not work, FACT!
"This is basically valued very close to cash in the bank.
No brainer but around these levels..."
definitely no brain...you are right there ...
With these idiots the best place for the cash is ...to stay in the bank....because...what are they going to do with it? , apart from pay themselves and run up costs and expenses ??
Exactly how much has each bum on a seat actually COST ? ...
So Ronald if it's so awful why do you still continue to be interested in the company
Holders desperate and trying to mislead other investors
Current M/C = 4million
Results showed they had approximately ÂŁ10,000 when they had to raise the 2.1million in June
The way the burned through cash the 1st year along with yesterdays RNS would suggest to me that they have made a good job of spending a chunk of that
So i'll assume they have 1million left ( cash in bank)
Against a 4million M/C = a valuation of 3million for an app with approx 206 restaurants on it paying ten bob apiece for a booking made through an app that hardly anyone has heard of.... no brain errr
Depends which trend you are talking to I guess
In reference to one of your previous quotes, 'moping' means feeling dejected which is how I would feel if I was jn here
Trend once interim's are released panic sellers could make this sub 1p, surely worth a top up then?
*”no brainer buy around these levels”
This is basically valued very close to cash in the bank.
No brainer but around these levels...
If this doesn’t push up from here I will stop trading...
Added a fair few on the dips recently...
Let’s see...good luck all
Atb,wdik, dyor.
Trendfriend