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8 new locations and 30 new restaurants added this week! IMHO Can see this pushing up to 4.5/5p next week.
Restaurant numbers - https://drive.google.com/file/d/1BF5SUqQf851XzEeNzPw1w0oTZpEXwaBm/view?usp=sharing
Alex that is nearly 50% you are saying. This has done 200% in last couple of weeks. Those invested around 1.5p will take profit and sp will go slightly down.
Radika, lots of people buying between 1-2p probably had much higher averages and still underwater. Me included with an average of 4.2p
The share price doesn't have to go down when people sell. Particularly if there are plenty of people eager to change places with them and buy in. Shares on the up will have periods where they stabilise or grow more slowly as this consolidation process happens. We have to occasionally wait for these sellers to get off the train, so that we can continue the journey with the excited new passengers.
If a holder here has bought at every level I.e. ranging from 1p - 9p say an average of 5p what’s the best way to take some profit?
For example selling shares bought at 1p at 10p would give a bigger gain than selling them at 3p, do you sell them in chunks, each buy that’s doubled up sell or one big chunk?
Does anyone know if they are still in ASIA I READ THEY HAD OFFERS OVER THERE
Does any one know if they are still trading in Asia from what I read they had offers over there but I have read the rns,,s and cant see any update.
23 ever thought about a career in rocket science?
Hi Alex at this rate we will be pushing toward 340 to 350 restaurants next (sooner than I thought) so a good chance this could test 4p next week something I wasn't expecting until approximately middle of February, and 5p back end of February but things progressing quicker than anticipated
Sir Tom is obviously a hardworking ambitious character that deserves everything he has coming his way, hopefully some decent share options due his way in 12months time.
Said it before this will be the share of 2020 and will ensure alot of investors can relax and enjoy their retirement.
RT come on mate, what I meant was last time it hit the peak it went down and missed the boat, problem is this time we do t know where it could go so probably a gd idea to take some gains along the way? Top slicing?
That is so funny,you cant be serious,well maybe
Asia lol
UK's what matters and it's currently firing on all cylinders.
23 No reason for doubt this time around progress is visible everyday
A good yardstick as said before 100 restaurants = 1p
So 500 restaurants =5p
Obviously now Sir Tom is proving his strategy investors will jump in early knowing what's due within a week or two, hence we will no doubt get to a point very soon when we hit 800 to 900 restaurants but the SP will have accelerated beyond to 10p to 12p (these predictions will be seen before the end of March)
RT I see what your saying and the 1p per 100 restaurants as a guide, but why @800/900 restaurants would the sp be 10-12p and not 8-9p?
As people see strategy and delivery is becoming consistent
This investment becomes less of a risk
Feb when they start to add 200 restaurants a month people will know we have at least 200 arriving in march and can easily anticipate demand and the upside in such a short space of time hence shareprice will begin to exceed restaurant numbers for a period of time.
Ultimately there will be a correction as we approach 20p a share but in the short term (2 to 4 months) share price will outweigh restaurant numbers.
Like i have said this is a unique investment opportunity for all involved.
Is it Monday morning yet?
Its a long wait lol
I'm up front in saying I am NOT invested here and I'm really glad to see some smiles and genuine comments on this board at last! I think now is the time to be making money here but I would still have a nagging doubt at the back of my mind that at some time this year there will be a dilution so please bear it in mind folks
They state July but I expect the sp to be a lot higher then so less issue required imo
I've been in shares that have raised funds and the share price continued climb right through the process. For dish, it's expected and won't be done in desperation, so the impact should be minimal. The raise is inevitable, but if it's done in 6 months when we're at 2000+ restaurants then it will be a positive and we'll hardly notice.
trend364, you make a very significant point, there will absolutely be a need to raise some cash from somewhere...the seatings at 50p per person to Bigdish will NOT be enough to see them through. Particularly when you take in to consideration that with an average of...lets say, 150 restaurants in the trading update it only generated £11k in income...then take costs, wages, taxes etc off that it equates to less than £100 per week profit....not much more than dole money!
So if you add another 100 restaurants on the app up to today you might get £250 per week...its pitiful!
Don`t forget, it doesn`t matter how many restaurants you have on the app, the only thing that matters is how many punters are sitting on those seats and paying their 50p per person in to the Bigdish coffers. 10,000 punters per week would probably cover costs!
This bounce is welcome in the big scheme of things but don`t be surprised if some serious profit taking takes a bite out of the over exuberant rampers who bought in at 1.5p.....also, all the new locations with `1 restaurant` is just fake hype!!!
This company has not proved anything yet with an uptick in sign ups, the bottom line on the stock market is how much money are they bringing in?
Revenue = Vanity......Profit = Sanity.....and Cash = Reality
They say they are funded until Q3 this year.....so thats when they run out of cash! The normal process would mean that they need to secure funds way before that to stay trading.
The few pounds per week, per restaurant @ 50p per head as revenue to Bigdish is miniscule, and no where near enough to keep the lights on.
Fund raise incoming...but at what price?...don`t get caught on the spike!!!
No they certainly won't wait till Q3 to raise more cash, so they will be looking for a period of strength before that, but they're not there just yet.
Agree with you Tom there will be a fund raise in July/August but the progress to that point will ensure the share price is much much higher
Also before any announcement of the inevitable fund raise we will have news of chains come on board, solid news that will give the share price the extra boost to ensure any dilution becomes practically insignificant.
In the meantime nothing is going to stop the progress being achieved by Sir Tom & the team
the recent rise is backed up by evidenced achievements so there will not be any retrace as restaurants sign ups continue at the current pace.
The share of 2020
Just Eat valued at 6billion
Bigdish 9million potential here is meteoric and Sir Tom is doing a cracking job in only a month and half.
Six months time BigDish will be unrecognisable
Customer reservations will *not* scale linearly with restaurant count, it will be closer to exponential growth. Right now, very few diners know about BigDish, so bookings per restaurant are relatively low. Once we're nationwide and up over 1000 restaurants, marketing can start in earnest. It would be a rudimentary mathematical error to assume booking rate per restaurant is a constant and defined by current performance.
I don’t wish to be rude to you Bottmzup but you clearly don’t understand the stock market and value’s it associates to companies floated on it. There are numerous companies on the stock market with huge MCaps but are riddled with debt and don’t make a single penny profit. The stock market values a company on its ‘predicted future’, not where it is today. There is not always a true correspondence between a companies value on the stock market and its actually value in the ‘real world’. I have a close friend that floated his company on the stock market. They were advised to go for huge growth and ignore being profitable. Totally the opposite to what you should do with your company in the ‘real world’. In one particular trading year his company ‘underperformed’ on the amount of houses they had predicted to the market they would build. However they made far more profit that year and yet still the market marked down the companies SP. This was madness and no connection to reality, the company had built less houses than it predicted, its costs were therefore much less and profits were significantly higher than predicted. Needless to say my friend having had a record financial year, witnessing his companies SP be de-valued, bought all the shares back off the market for much less than the were truly worth. And by the way turnover is for Vanity, profit Is for Sanity ....... this counts in the real world, but not on the stock market.
The income generated by the 50p per head is very low, and doesn`t matter how many restaurants are signed up if they`re not sitting punters in their seats.
If their numbers equated to full take up on every restaurant, in every slot, every day then there could be some hope, buts its never going to be that way in their wildest dreams.
The revenue generated by this model is tiny, and the market is just reacting currently to the new sign ups, but don`t be fooled by the hype, sign ups don`t mean guaranteed revenues...and definitely don`t mean profit!