Member Info for ART123

Just had a message on my phone "Big Dish now has over 2000 restaurants to choose from" with a link to the App. I counted 1448 yesterday and as far as I can see the number is still the same. Not sure where the other 550 are.

I am disappointed that the share price hasn't gone up with the addition of so many quality restaurants to the platform.

Okay, there is the argument that Big Dish are not charging as yet so they are not creating revenue but the market should still be reflecting the big increase in numbers. For example, if a company is exploring for oil or gold or whatever and they get lucky then the prospective asset will see a huge increase in the value of the company even though it may be years before production and any revenue. Nearly 1500 restaurants make the platform worth far more than when there were 200 last week.

Also, the share price should be reflecting the superb quality of these new listings. Previously the platform has struggled to add quality restaurants and has been full of tea shops, fish and chip shops and a lot of Indian and other various foreign cuisines. I do not have an issue with foreign cuisines and variety is fine but the truth is that a Nepalese, Sri Lankan, Jamaican, Thai, Turkish, Vietnamese, Malaysian, Lebanese, Korean, etc restaurant is not going to be bringing in the same number of customers or get as many people using the App/website as a Harvester, Toby Carvery, TGI Fridays or Pizza Hut. These big household names will make Big Dish a success far more quickly than the single independent foreign cuisine outlet.

Also, I do not feel that Big Dish need to get involved in whether any restaurant groups have hard times or go into administration. All of the groups that have gone bust so far this year have been quickly bought out of administration and are back up and running, mostly with the same staff. These are now prime targets for the Big Dish App/website.

Yes, I am truly confused and disappointed with the lack of a share price rise. Let's hope it starts moving up soon.

I'm pretty well loaded up at the moment. My average is not high because I have previously traded this share. For example, I sold out completely on the rise in February and didn't hold any at all during the lockdown period so my holding now is at the post-lockdown price.

I would buy more but I am wary about the state of the general market, which is not good at the moment. I don't think that restaurants will go back into lockdown but the market is weak and likely to get weaker as banks and FTSE 100 companies start to report. Losses, write-downs, no dividends, etc all lead to falling share prices and then everything gets dragged down.

The share price here should just be dictated by how many restaurants are on the platform. I am disappointed that it hasn't risen to reflect the enormous addition of restaurants but there is plenty of time and I am pretty sure that it is only lack of market confidence that is keeping it down.

Photos are starting to appear on some of the chains - Harvester, Miller and Carter, Pizza Hut, etc.

I also expect Big Dish to get a lot more chains and independents to join the platform during this "free trial" period. What could be easier than to suggest they join and give it a try for free and see how it goes.

No, Big Dish will definitely not do a low price placing. When they do need to do one it will be at least at 7.2p and I would predict probably neared 10p-12p (assuming there isn't another lockdown). When they did the 7.2p placing they were just talking about the nationwide roll-out, whereas right now they have 1450 and soon up to 2000 restaurants on the platform. They are a lot stronger now - and how much has it cost to get the big chains on board? The answer is hardly anything.

We will probably know when a placing is due as the share price will start to rise. Last year the share price went from 3p to 9p in about 3 weeks. No-one expected it to rise but it just shot up. I would expect the same to happen again but as it is costing so little to get these chains on the platform there probably really isn't any immediate need.

I shall just remember to sell at the placing price or thereabouts this time.

All of these posts about funding are quite stupid.

The placing at IPO was at 4.5p - nearly twice the current SP - while the one further placing in two years was at 7.2p. The company do not do cheap placings. The chances are that the next one might be higher than 7.2p - ie nearer 10p - which will give minimum dilution anyway.

My only issue with any funding is that it might be at too high a share price. I bought in at the IPO and nearly got caught out when the share price drifted from 4.5p to 1.5p. I got lucky in that there didn't seem to be much going on at the time with only a few restaurants onboard and I sold out at 5p.

Then having made a fantastic profit when the share price rose from 1.5p to 8p I did get hammered because I stupidly bought back in around the placing price, expecting a further rise, and ended up losing about 80% of the profit I had already banked when I eventually sold at about 3.5p. That was very sad and the next time they do a sky-high placing I shall be far more careful (though how difficult that is we all know).

I do not think they will have a problem raising another £2 Million or so at a much higher share price now they have serious restaurant chains on the platform so a placing is not a problem.

Sam12345

On the website - PC or laptop - you have a choice of List or Map. The map option shows all the restaurants in the area. Zoom in/zoom out.

There is also a Map option on the App already if you look.

If you still want to email him them you could suggest that he gets more chains added quickly - maybe another 3/4000 restaurants. Also maybe the team could start to speak to these chains about getting some deals for the rest of the week and weekend.

There should be a lot of independent restaurants to go back on as well. Brighton, for example, had I believe about 44 before lockdown. It now has 31 but 12 of those are the new chains so there are quite a few not back on yet.

Yeah, there are more to go on still. Other big locations not on yet are Leeds, Edinburgh, Glasgow, etc.

It's much better to take a location and see all the big-hitting restaurants - rather than the local tea shops or cafes.

I'm not going to do it again in a hurry but the restaurant count as of 9.00 am is 1448. There are 2 locations still with errors but only minor ones.

Great day.

I've been barking here for two years to get them to sign up restaurants pronto and they finally have. Slight blip which needs mending asap as I can't see any of them which means that no-one can book any seats but otherwise a good day. I would like to see them go on from this start and sign another 2000 and maybe another 2000 as well. Get it done.

Just a pity that the market is on free fall - particularly the pubs and restaurant sectors.

I think the tech team have made a great job of this today. There are still hundreds to go on and some major locations but what an achievement in one day. It'll be interesting to see if they can build on this and add more chains quickly. It's a lot easier to get them on board when some big names are on the platform already.

As for the share price, I'm afraid it's the market that is f*cked. Restaurant Group down 9%, Marstons down 9%, Mitchells and Butler down 7%, etc, etc. They are probably all getting spooked by the talk of further lockdowns, though the Govt did say that they will probably only imply restrictions at a local level. This is being held down by the same lock of confidence otherwise nothing to worry about.

Suddenly about 400 locations have appeared.

Bad market day with pubs falling.

840 ish and still the 65 locations.

232 in London

I can see 25 in Liverpool on the App but there are only 12 showing so far on the website which is what I've used for my last count so the chances are my count is well under the real figure.

Liverpool now has 35 anyway - including some TGIF's

544 and counting - but's that's still with the same 65 locations - and it's probably out of date by the time I get to the end.

Lots of big locations still need adding - Glasgow, Edinburgh, Leeds, etc, etc.

This looks like a lucky break - to get them to join for the Eat Out to Help Out scheme. Once on board it's just a case of keeping them on board and working out what deals they want to offer.