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This is an excellent appointment of a new CEO. Sign-ups in December could quite possibly be described as "hypergrowth", as restaurants want "in" before the January lull happens. So good timing all round, and the sweeping changes are just what the doctor ordered(!)
Not an exaggeration to say that BigDish has pulled off a coup getting this new CEO.
Transformational moment today for the Company and the shareholders.
"Oh well, judging from the lack of revenue from Yield Management in the restaurant industry I wouldn't be surprised if Big Dish didn't eventually change back to a discount card company themselves as it seems to generate ten times the revenue of the current operations."
It's called the premium option coming in Q1 2020 . . . . at the moment. But like all things DISH related, don't hold your breath.
The discount card companies have maybe 6000 restaurants but maybe 1,000,000 plus members - try signing up all those customers without a telesales operation.
ART , i thought you said you could go on, but your just repeating yourself...
give us something new,,
opening should tell the tale anyway..
not long??
It's far too early to be cost cutting - except if the management can see that this is a flawed, failed concept from the beginning - which it is if you look at the revenue figures.
It's far too early to be cost cutting - except if the management can see that this is a flawed, failed concept from the beginning - which it is if you look at the revenue figures.
Nationwide rollout is on track and will be accelerated under the new strategy. ART, you are becoming a bore
I'm not the one who is desperate here. Big Dish management are the desperate ones.
"The Company has chosen not to retain 7 of its 9 Territory Managers. The best performing Territory Managers are focused on Birmingham and Brighton and will remain with the Company and progress will be monitored."
All that fuss about the nationwide roll-out and that seems to have been all but dumped already. How long before they let the last 2 TM's go. They had 2 TM's back in May signing restaurants up to 150 total and now 5/6 months later they have got 177. No real progress at all and they could equally have just kept the original 2.
Art made it clear a few weeks back that he had sold out
he is naturally a bit sore at not being part of a big day like today.
Still time to buy in Art, this has a long journey to go yet!!
I cannot really see telesales working here as the restaurants are carrying all the costs with this yield management system and a face-on approach would be better. With the discount card system the customers paid a lot of the discount through their cards but now the restaurants have to give all the discounts and pay Big Dish as well.
Quick spike before the demise sets back in.
You are sounding a bit desperate there, ART.
ART123, yes please keep going on..
wouldn't be the same without you..
A few very worried shorters here it seems. lol.
Agree a lot to digest but I can still see plenty of negatives - new CEO is a telesales manager, 7 out of the 9 regional managers have been let go (from a £30K salary). Were they no good or was the management no good or is the product no good???
All 3 TM's in London have been let go!!! and the remaining 2 TM's in Brighton and Birmingham will "be monitored".
I remember I posted about a year ago that Big Dish could get the restaurants signed up with a telesales operation - but I was rather taking the **** than being serious. Telesales would be much more suitable to a business like Tastecard where they are phoning the general public to get them to but a discount card rather that here where they are phoning the restaurants. Is this just another pea-brained attempt to get this business up and running?
I did always think that Sanj was way over-promoted as CEO when all his previous experience was at B 2 B restaurant acquisitions.
I could go on.
Oh well, judging from the lack of revenue from Yield Management in the restaurant industry I wouldn't be surprised if Big Dish didn't eventually change back to a discount card company themselves as it seems to generate ten times the revenue of the current operations.
At the moment it is just one failure after another. Big Dish Asia failed; using TM's has now failed; Boer has failed; Sanj has been a failure for a year; the Brand Ambassador scheme failed; I could go on..................................
For anyone wanting change , i think you just got it..
chart breakout too,, awesome timing ..
Einstein what are?
OMFG, this isn’t the changes required to make this work. Why can’t they learn and understand. Are they really that stupid?
Oh well another pump and dump coming.
Tom grew the platform, with a 10 person telesales team, from 250 to 3,000 restaurants across the United Kingdom over a six month period. let's hope he can get us close to that.
Great news
About time , Lets hope another rns soon with some chains to start soon and get those restaurant numbers up.
London needs attention , hopefully soon.
good news.
I always believed "change was coming"
This looks to be the most positive change that one could have imagined. They have addressed the negatives that many posters had concerns about, fixed discounts, high overheads, rate of expansion, suitable management advance booking time and so on.
The broom has well and truly swept the BigDish platform spotlessly clean. The company is now in a fantastic position under the leadership of a local man who knows with first hand and recent territory success story hoe this business should be built. Make no mistake we are well and truly back on the road again. Well done to AB for taking the bull by the horns and opening new horizons full of rich promise.
As for us, investors, we can look forward to a steadily rising sp. Remember none of this starts until 2nd December so still time to get back in before this really takes off. The sp will of course move very rapidly once the sign ups start to pile in.
Good luck to all!
That's great news and they get to keep Sanj on board.
Good to see swift action from the top.
Ronald Trump back in soon no doubt.
So much to digest but can't see a single negative. Glad sanj is staying on and glad a new CEO will lead. Sanj almost too nice for the top role. Crazy they've had to sack 7 of 9 TMs, how can that many people be that useless?
Fantastic update. New CEO with better experience in restaurant acquisition from table now & tastecard.
Now using a telesales approach from Manchester. Much more efficient IMO.
Sanj still staying on which is also great news.
Cash looking very good at this stage at 1.2 mill.
People will pile in again IMO.