LONDON (Alliance News) - BigDish PLC, which operates a yield management platform for restaurants, on Monday attributed the recent volatility in its share prices to thin trading volumes.
"We note the recent share price volatility on the back of thin volumes but believe the overhang in the market has now been removed, and we look forward to future positive market updates," Chief Executive Joost Boer said.
Earlier in November, the company said it is planning a strategic review of its Asian business after informal acquisition approaches from "more than one Asian technology company". The review, expected in January, will "determine the path to achieving the most value for shareholders".
Shares in the company, which allows restaurants to charge different prices at different times, were up 12% on Monday afternoon at 2.23 pence each. However, the stock remains down 51% in the past three months.
Amala Foods Plc (DISH)