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Tanya you still a spider the question how can Dish justify the fixed fee going forward when the restaurants won’t receive enough business from Dish to justify the fee?
Please explain?
A gd point made before even if competitors are making 70% of something better than nothing...
Greens pew cannot understand financial statements on several occasions.... NO DILUTION. NO DILUTION. NO DILUTION. NO DILUTION. NO DILUTION.
Sometimes the plastics turds try going to the trough one time too many, thinking they can unsettle investors to part with their shares too soon and too cheaply, and the market makers shaft them. The Market has taken on board the RNS and has taken a view to prepare to take this back above 4 pence and relaxed about the light selling ahead of big news. Spives beware!!
If taking the platform from 650 restaurants down to 60 restaurants is classed as expansion I'd love to know what you would class as struggling.
Looking forward to the results I bet those boutique investors will be queuing up for a slice of the annual revenue (my guess would be total revenue in the region of £27,000 and a loss of around 2million)
Donnie I agree with you that Dish’s costs could be less than the competitors
The issue is Dish doesn’t have the exposure to bring in the amount of customers a restaurant needs to cover that fixed £250 cost for example.
Whereas Uber Eats, Just Eat bring in loads of business and although the restaurants pay a high cost to them without them those orders would have been made so it’s the opportunity cost you need to look at:
UBer eats, Deliveroo & Just Eat - High commissions/fess but bring loads of volume orders to justify their fees.
Opportunity costs, with out these competitors the restaurant would have never made those extra orders/revenue.
Dish - £250 fixed fee, only a few customers as nobody has heard of Dish will not justify the fee, not cost effective and still make more from competitors as volume orders.
Greenspan, in regards to strategy yes I agree at the start, it was diabolical. You keep referring to past efforts. How about the progress made since having the new CEO? - covid is not part of anyone's strategy and all progress was halted because of it (as you already know). All new tech companies hardly make any profits or zero in the first few years - app building, branding, creating a presence, marketing etc takes time. Bigdish came on the market in the UK and started from scratch - trials and errors, so far they have shown improvements are being made (especially building restaurant numbers up before we came into lockdown) and what's to come will eventually bear fruit with the delivery side.
You tend to post here and you're not invested. A normal person states their opinion once and moves on. Yet you come back to post your opinions and assumptions - if bigdish is so pointless why do you keep posting here? Especially when Ron has turned his ramp mode off.
Tanya there's no need to be rude tbh. Jsmith you tend to post frantically and your post is similar to Ron's. It's misleading, same as when you posted about deliveroos table service app which has no comparison to bigdish app.
If you read the RNS it does state and is obvious why most restaurants have gone into invisible mode on the app. Most of these restaurants have been closed for 3months - the status is unknown whether they're open as yet, liquidated or still wanting to be on the bigdish app. I'm sure you wouldn't want to book a restaurant which is non existent. They are going through the list as stated in the RNS and the retention rate will be more clear by September - a small few have already come back as you know. This doesn't mean they won't be adding new restaurants or takeways onto the app in the meantime.
You asked if a restaurant can be on the app without paying the subscription fee? - that's like wanting to watch Netflix without paying for it lol. It's a service they're offering!.
Again Jsmith if you did the research on this ASSUMED £250 subscription fee..... I'll copy and paste what I wrote previously -
Uber Eats is taking around 30%, Deliveroo charge an average of 20-25% commission, with a cap at 30%. Just Eat has a lower commission rate of just 14% per order, but also charges a fixed admin charge of 50p for every single order which so do the others - So on average as an estimate if a restaurant/takeaway has 10 orders per day through these apps (possibly be alot more), each bill costing around £20 as an estimate they would roughly be paying around £650 plus (A MONTH) and that's just based on the lower 14% - just for delivery. So having this assumed fixed subscription fee £250 is massively cheaper compared to what restaurants and takeaways are paying plus the bonus of having reservation bookings with yield management. At this moment in time most businesses wil be looking to save costs without losing the same service provided.
The subscription fee is more stable logically with the services provided rather than paying per seat booked - due to covid bookings will be limited as per availablity as most restaurants have had to cut down the amount of customers they can have in the restaurant at anytime. So this is another reason if they remained the same it wouldn't have worked in regards to generating much revenue. Where as this way they will be.
Wake up Jsmith! .......It's nearly 9am lol
Tanya not going anywhere silly!
Why can’t you wake up
And stop pretending, even Spero has co firmed the figures!
Don you not understand it was. It possible to have slots of 0% & 10% before as you clearly know, so Einstein explain to me why you can see them now because these are the ones signed up!!!
Why didn’t they continue with the strategy and increased the fee per diner based on level of discount, as well as adding takeaway collection?
Why would you go 10 steps forward and 100 steps back, 650 to 60!
This new strategy will not work who’s going to pay £250 a month for bring in customers worth less than that, it’s not cost effective!
I emailed management I. The past and said Disco eats offer a range of discounts from 10-50%, they said anything low won’t attract people, as if Dish was attracting the masses!
I also asked why not allow restaurants to just simply allow a book f through the app they said no and now look.
This Chopin and changing shows they do t have a clear plan and progress has been hindered!
London Restaurants, Haweli 0% Slots & Fuji Restaurant 10% Slots
These offers were non existent before, so there you have it 60 restaurants.
Hero to Zero.
Why is this strategy a gd idea?
pretty easy to count at the moment
Basingstoke 1
Birmingham 14
Bournemouth 21
Brighton 7
London 16
Poole 1
Total location count: 6
Total restaurant count: 60
good spot with the 10% discount
Basingstoke - 1 Restaurant
Birmingham- 12 Restaurants
Bournemouth - 21 Restaurants
Brighton - 7 Restaurants
London - 16 Restaurants
Poole - 1 restaurant
Total - 58 Restaurants
London in March was around 130 and Birmingham around 40+
1 step forward, 10 steps back
Found it yes it’s confirmed!
Divine African & Caribbean restaurant in Birmingham offering 10% Discount slots, but this level of discount . Can only apply on the new service with Dish
This means all the restaurants you see on the Site/App are the ones that have agreed to the new service which Was around 60 restaurants mid week
650 to 60!
Beginning of the wk. On the site/app there was 4 areas not there are 6
I thought there would be 0 as there switching to invisible mode?
It looks like those restaurants on those areas are the ones that have agreed to the new system, why else would some of the slots say 0% as we know before Dishbwould only allow 25/50% and 2for1
They announced going forward that restaurants would dictate the discount level of any at all
Spero how many do you make the total?