RE: Daily additions30 Jan 2020 11:08
I'm very happy with my reduced holding which is showing a nice profit and I'm not getting stressed. I had bought far too many - just as I did back in September for the first nationwide roll-out - and although things are going a lot better this time I still have issues with this company and investment here will always be a risk.
The problem is that I can see a lot more potential here than the directors (and particularly Aidan) have the skill and commitment to deliver. I tend to buy on what could happen here with the perfect management but that is far from what happens in the real world.
No-one was expecting all of these one locations, we were led to believe that signings would be much faster, and I will never agree with Big Dish claiming to be a yield management operator but using the discount card 3-tier discounts.
My research has shown me that if they sign restaurants in all of the big cities in huge numbers then the revenue will increase by as much as 10 times more than is being achieved in places such as Bournemouth. So they could get both the restaurant numbers and revenue sorted out in one go but, unfortunately, the management here are not getting that. In fact, they are doing the exact opposite signing one restaurant in dozens of locations as that will bring in virtually zero revenue.
Do I care - NO - because I have reduced my holding and have nothing to lose if they do f*ck it up all over again.