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BigDish PLC - Jersey-based technology platform for restaurants - Says will sign agreements with "several significant startup and early stage" technology companies under which BigDish will provide its technology in return for equity stakes. As part of this strategy the company plans to bring in "new experienced technology focused management", and is also in talks with some potential non-executive directors to add "further substance" to the board.
"Looking ahead, BigDish is expected to grow into what is termed a Venture Builder and through this diversification, own stakes in companies across the technology spectrum. It is envisioned that the new, larger company, having fully developed will be able to increase the value of the assets at a significant premium to the present market implied valuation," company says.
Current stock price: 1.4 pence
Year-to-date change: up 14%
By Lucy Heming;Â lucyheming@alliancenews.com
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