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Yes Nath, did you not realise that RT is here to save us all. He only wants us to all look after one another..... Hugs and kisses all round!!
You couldn't make it up!! loooooool
Lol,, good luck timing your entry..:-)
You do not close down a concept that works. That just doesn't make sense.
Y
The very fact that the management have closed Big Dish Asia, lock stock and barrel, speaks volumes.
Monty and a few others keep posting that the 'concept is proven'. That is total nonsense. The management would not have closed down their Asian business if it was revenue generating and showed any signs of at some stage becoming profitable. For goodness sake the tech team are all still in Asia. And to run two businesses with one tech team is always going to be cost effective.
It looks like Big Dish Asia was closed because the concept didn't work there and probably won't work anywhere.
Gidget I always thought RT was Beebop
seen ART do this many times before,,, fills a board up with rubbish, trying to talk it down,, and then buys in...
It's always the noisy ones that have the least invested.
You'll probably see a 500 quid buy go through , then he'll start telling everyone it's a screaming buy.
he's a muppet
DR crew back out in full force I see, you have to have a little chuckle when Ronnie claims to be commenting for the good others
You only need to read through his previous post to see him for the stereotypical de-ramped he is, just happily flipping his opinion on a pin head to try to push the share price which ever way works best for him at the time.
And as for Art? Seriously, who puts this much work into a share they see as nothing but a lost cause?
That being said, they both make a lot of good points and progress to date has been very disappointing.
But this week has started a new CEO that I believe is going to get us in the right direction, so I for one will continue to "watch this space"
GLA
Thanks for the post Art and for keeping it real and posting what some will not like as they are hard hitting FACTS.
I feel for investors stuck here, personally i would be selling i know i struggled to sell my holding when trying to offload.
Anyone seriously considering buying here needs to read Arts previous posts.
Art maybe doing what more investors should be doing and warning of companies that repeatedly make false claims and promises, and are relentlessly losing money.
Maybe Art hasn't got the agenda of someone already invested nursing a substantial loss that they are desperate to recoup at the expense of others.
All investors should be looking out for each other on these boards and this outfit should have a big red triangle as their logo. They have failed miserably on every aspect, they have promised and continue losing substantial amounts of money.
Not sure the market will be so understanding the next time the begging bowl is brought out.
'Table Now already have thousands of restaurants on their platform.'
Yes Art and the man instrumental for gaining that business is now at the helm of BigDish... You are tying yourself in knots. Forget about the past and start looking forward.
It's clear you no longer rate Bigdish's chances so not sure why you persist in posting? Maybe you are tempted to buy back? If i think a company is useless i generally have a quick gander and then move on. I'm not tryingto be rude here, it just seems quite strange behaviour...
I see that Table Now was started in 2017. This outfit (Big Dish) started dabbling in restaurant discounts in 2013. Table Now already have thousands of restaurants on their platform. Big Dish has 207. Thousands of restaurants stand some kind of a chance of making revenue, maybe even enough to completely cover costs. 200 restaurants will not make any kind of sizeable revenue. Table Now charge £2.50 per person per booking. Big Dish charge .50p per person per booking. That is 5 times less.
Big Dish decided to copy Eatigo and change to Yield Management in 2016. I first came across them when there was talk that they were going to RTO into a company called Nyota Minerals. This was first announced in November 2016 - see the link.
https://www.investegate.co.uk/nyota-minerals-ltd--nyo-/rns/funding--proposed-acquisition---suspension/201611150700061447P/
For those who can't be bothered to read the link I will copy some info:
"Further information on Bigdish
Bigdish owns and operates a yield management system for the restaurant sector (www.bigdish.com) that enables restaurants to offer varying discounts at different times of day with the objective of increasing the number of diners during off-peak times. Bigdish currently has a number of restaurant partners in Manila, Philippines and plans imminently to commence operations in several countries in the South East Asian region.
Bigdish has existing smartphone applications and owns its own proprietary software developed by its in-house development team. Bigdish plans to adopt an 'Uber style' expansion approach to business development with the aim of scaling up revenues and geographic spread.
Bigdish formally commenced in April 2013 by Aidan Bishop who co-founded the business and, on closing of the transaction, it is expected that Mr Bishop will join the Company's senior management team."
The RTO never happened and Big Dish finally IPO'd, vastly overpriced, in August 2018. (Just another 21 months wasted). They have since wasted another 15 months since the IPO dithering around not too sure how to go about the business they have been running for 6 years.
What's my point? I'm not sure. Maybe it's all a bit pointless. We shall see.
It's a fair point Art but whenever I've looked on the app the majority of restaurants are offering 25%?
Erm so, what was the point?
Well they're doing it now Art....
Think it's fair to say there was no point rushing and implementing loads of things during the last 2-3 weeks in case the new man came in and changed it all again.
As per the examples you have just given there is plenty of scope for Bigdish to make money in this sector.
Yes, I was the one, and the only one, who was ranting on about that on this board saying that Big Dish needs to offer a full range of discounts and a longer booking window.
The RNS was dated 12th November. That was more than 3 weeks ago. These changes should have been done straight away not more than 3 weeks later. No restaurants should be bullied into giving away 50% discounts. Takeaway Apps give ZERO discounts and yet these Apps still turn over hundreds of millions of revenue every year from people ordering zero discounted takeaways. Open Table offer no discounts and yet their App was recently sold for $2.6Billion.
These restaurants should tell Big Dish to p*ss off until they offer a feasible range of discounts.
Didn't you read the last rns?
A full range of discounts to be offered from 10% to 50% so now much more flexibility for the restaurants.
To me it's quite alarming that some of these restaurants are offering 50% discounts all day long. Then on top of saying goodbye to half of their revenue - and the part of their revenue that is pure profit as well - they have to pay Big Dish for sending them the customer. This cannot be a sustainable way of running a business.
Compare this to Just Eat and the other food delivery takeaway Apps where generally there are no discounts at all and the customer still has to pay a delivery charge.
Added to the fact that these extreme discounts are mostly on Mondays to Thursdays, when not many people bother to eat out anyway, I cannot see this lasting very long. In fact, unless this 50% all day discount was going to bring in a huge increase in business it cannot be a profitable and long-term option.