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Tanya its done on the most conservative, worst case scenario, i did state this is based on independent restaurants not any large chains (100+ sites)
Always base an investment on a worse case scenario, if it exceeds then even better!
Sam by 2022 there could be a buyout! Please see below.
Ok so assuming July Restaurants begin to reopen and Telesales are back in the office
Assume average restaurant acquisition of.
1. +100 restaurants a month been added for 18 months, equals 1800 by end of December 2021
+ 600 current
= 2400 restaurants end of 2021
2. +150 restaurants a month been added for 18 months, equals 2700 by end of December 2021
+ 600 current
= 3300 restaurants end of 2021
Also bear in mind 7 telesales staff currently / 20 average working days = +7/8 restaurants average per day will equal 150
Conclusion by end of 2021, Dish should have between minimum 2400 - 3000+ restaurants
Also bear in mind this calculation is independent restaurants, maybe some with multiple sites but no large chains (100+ sites)
It’s a numbers game...
Thoughts?
Ronald being realistic what do you think big dish will sell for? Hopefully shareholders get a good deal!
2years from now Sam and Aidan will have sold BigDish
Let’s start with a target of 5p then when that’s hit got to 10p then go for the 20p I think 10p will definitely get it within 2 years from now come back summer of 2022 to find out I think then by 2025 we’ll be 20p+ imo
Haha, 10 bag, only if there a plenty of you delusional folk out there!
Unless the virus disappears rapidly or we get a vaccine DISH and lots of restaurants won't survive, here's why:-
If restaurants do survive, they will be low on funds. Due to social distancing rules (which are here for a long time), restaurants will be limited to probably 50% capacity at best, long term. This means they will have less potential revenue and with the lower capacity the restaurant will be booked up with ease (supply & demand).
1. Restaurants will not be able to offer 25%/50% because reduced capacity will have a massive impact on their margins.
2. Restaurants won't have spare seats they need to fill, because demand will be higher than supply.
Restaurants in Australia were allowed to reopen last month with very limited capacity, if they over book they get shut down. A restaurant in Sydney that can cater for 800 was limited to 20 tables! They were fully booked straight away, do you think they could afford to offer discounts or were willing to because of demand?
If the current situation continues, restaurants already signed up will fall off a cliff and new sign ups will be the odd failing restaurant before they go under.
There is currently zero yield to manage, and going forward there will be significantly less.
Keep on ramping though, some idiots will believe you and stick their hard earned cash in.
I think that’s very possible. It will be a volatile ride for sure but if we’re patient and stick with it there’s no reason why not.
Time will tell I guess :)
I wonder if we could 10 bag from this level!? For me I’m holding long term not selling a single share I’d hate to sell up for 50% when I could make 1000%+ this is going to come back with an almighty bounce the demand for eating out is huge right now people want to eat out so as soon as restaurants open there are currently massive queues for takeaways can see this getting to 4p for starters
Completely agree Spero.
Completely different animal to last years highs.
The summer is going to be very exciting, especially in the run up to re opening of restaurants in a few weeks time.
At the 9p share price (June 2019), we had just 7 locations (130 currently) and approx 100 venues - mostly inherited from tablepouncer (631 currently). There is so much more to this company now.
Prior to Covid 19, we were following a 100 restaurant gain = 1p share price gain pattern. The share price would periodically snap into alignment with this pattern, and it was due a catch-up to IRO 6p
We now have takeaway/delivery. Covid 19 has increased the need for yield management. The revenue model is being revamped. With all the improvements / enhancements, I think we could be seeing new highs this summer.
Yeah Jsmith that’s why I think give us a year and we’ll be near that high again
Sam, June last year this hit the high of 9p
I think in 12 months time 100% we'll be trading over 5p and likely we'll be nearing 10p depending how quick we recover from corona virus
Millionaire, that's exactly my point. It's a buy here without a doubt
On that note I have just done a small top up! This is going to be 4p before we know it!
That is very true millionaire!!
If you think the price will be worth more than today price in 6-12 months then buy.
I think we'll all look back in 6-12 months time and all wish we'd of bought alot more when it was at these levels :)
Got spare funds now, got to decide what to do whether to top up now or wait
Was trading between 4 and 5p prior to lockdown
And now in a far better position knowing restaurants will be reliant on yield management in order to survive
Perfect technology that's set to massively benefit in the aftermath of the pandemic.
Won't be long before this gets taken out.
"Now delivering" was there, but "coming soon" is new.
Before today it looked like this version (cached on 14th May 2020):
https://web.archive.org/web/20200514192155/https://www.bigdish.com/
Very exciting to see some movement on that front
Was there already I believe
Found it...stupidly I was looking bigdishplc website
It's on the delivery part scroll down. Beta,delivery coming soon. Dont' know if it was there already.
Where on website...cannot see
How would BigDish go head to head with Deliveroo when they don't deliver?