iI hope that this rises considerably as it is an early indicator of what is to come when some of the other sectors come out of lockdown.
I am watching companies in various sectors - pubs, restaurants, airlines, holidays, cinemas, cruises, etc, - that are all between 2 and 4 times down on their prices of January 1st this year. Purp is more than 3 times down and with no debt has plenty of recovery potential.
What this does now is very much going to be an indicator of what is to come with these other sectors as they come out of lockdown.
I'm surprised this share isn't a lot more popular with this website. Being an AIM share there is no stamp duty on trading and this has excellent potential to recover. Look at Ocado, in the same sort of position within the supermarket sector, and it has risen from £10 to £20 over the last month or so and is now at an all-time high.
Purp has never been below £1.00 except in the first few weeks of trading back in 2016 and while it is unlikely to go anywhere near the highs of £4/£5 it could very easily get back to £1.00 in the next few weeks.
A positive RNS from the BOD acknowledging they were reopening with some plans would have been nice though hopefully one is still on its way. Maybe they were taken by surprise and still have to finalise their plans.
Big Dish could suspend trading - say if they are uncertain about the future of the business - but the chances are that if they did they would never probably never come out of suspension. Look at the way they closed down Big Dish Asia.
Rise in the share price today but to me anyone who is going to buy in here (and post about it) is a very short-term trader. It is far too early to see how the virus will affect Big Dish but with sign-ups down and restaurant numbers/revenue down by a huge amount the share price here will not be going anywhere in a hurry.
There is still talk of a possible forced closure of pubs and restaurants in London.
According to BBC figures, provided to them by Open Table, who should know what they are talking about and have no reason to be providing inaccurate figures, restaurant bookings in the UK are down by 82% compared to the same day last year.
The UK is faring better than some other countries - the USA is down by 84% and Germany, where there is still no lockdown, 90%. Countries with forced closures are obviously down by 100%.
Well I certainly won't be buying back in in a hurry posting about what a bargain I've just got. This is going to take a while to sort itself out. Anything could happen both in the UK and the Philipines.
27.76% down today and sells going through at 0.0622p. No point in buying as this could go on for months and the only people selling will be worried about it going down a lot further or of losing their money altogether.
Complete fudge by government. They haven't told pubs/restaurants to close but have told customers to stop using them. They are still open but with no customers.
"UK pubs demand clarity over closures In the UK, a group representing the pub industry has warned that thousands of pubs and jobs could go if the government does not take "immediate and decisive" action. On Monday, PM Boris Johnson advised people to stay away from pubs, clubs and theatres, but did not order businesses to close. The British Beer and Pub Association says this is the worst possible compromise, as it leaves the industry facing an "existential crisis" as they will not be entitled to insurance payouts. They say they want a "meaningful support package" - tax breaks, to keep them afloat."
Not helped by the fact that nothing is done honestly with this company. We still don't know who took the 10% of shares in the placing last year and whether they have still got them.
At some stage the dull British government will have to take some sensible action to stop the spread of this virus - schools, mass gatherings, pubs and restaurants, shops, lockdowns, public transport, borders, etc, etc.
Expect further falls when they do. Meanwhile, a sell has just gone through at 0.91p.
I always thought that the correct m/cap at IPO would have been between £1M and £2Million. Instead they floated at a m/cap of £12.825M - mainly thanks to the value put on the "highly successful Big Dish Asia" business. That has since been closed down without the shareholders even being informed.
Of course, I never thought that we would ever see a m/cap of between £1M and £2Million but I really do think that this is where this is now heading.
Restaurant Group down 43.59% so far today - and that is without any ban on mass gatherings or pubs or clubs or restaurants.
1p reached a bit earlier than expected. Little point in buying as this is just kept alive by the lack of action of the UK at the moment. Sensible action is being taken in countries with far fewer cases than the UK in terms of closing schools and banning gatherings including pubs and restaurants.
Restaurant Group is down 35% so far today. Pub and restaurant ban in New York and Los Angeles. Afraid the British government seem intent on sleeping through this. Crisis, what crisis. 6 of the 10 new cases in China today have come in from abroad - 4 from Spain and 2 from the UK.