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Yes, that is the tech partnership.

There are no worries about funding here - so far. The management have all been paid recently by the issue of over 11 million shares and they have only have 2 territory managers to pay so far plus their less costly tech staff in Manilla. I doubt they have got through even half of the cash they raised on IPO. In fact they couldn't possible have needed the funds they raised recently. I believe that was just offered and was too good an offer to refuse.

No-one seems to have picked up on the fact that Big Dish management have "issued 12,000,000 shares that are ring fenced for the Brand Ambassador Program." At the current share price 12 million shares has a sell value of around £600,000. At 9p a share, where it was recently, that is a value of £1,080,000. If the share price was to rise further, say to 15p that equates to £1.8Million. This seems an awful lot of money to be paying out to the "several Brand Ambassadors" they are planning to sign.

I don't think my figures are far out of date but when a celebrity appears on a reality TV program, Strictly, or Big Brother or I'm a Celebrity I think most will get around £50K with the real top dogs getting nearer £100K. For that they are signing up to something that could last weeks or even months. The payee is also the BBC, or ITV or Channel 4 and these are all huge conglomerates with massive billion or even multi-billion pound budgets.

Can and should tiny start-up Big Dish even dream about bandying such huge payments to what are really little more than advertisers? There would need to be a huge return on investment for this sort of program to work - even as much as a 10 times return - but I cannot see anything like that as possible at least for the foreseeable future.

I think payments of around the £10,000 mark would be more appropriate for celebrity endorsements considering the size of Big Dish and that would need about 600,000 shares to be ring-fenced rather than a staggering 12,000,000.

Seems a bit over the top for me. Horses for courses - which for those who are stupid means "that people and things have different qualities and skills and so are suitable in different situations." Big Dish do not want nor need to use "A" list celebrities for the foreseeable future.

Personally I think that to sign up and work with celebrity restaurants - Heston Blum, Rick Stein, Gordon Ramsey, bit late for Jamie Oliver though I think some of his are still open, and many others including those with multi-Michelin stars would be a much better idea.

Of course the 41 (out of 150 total restaurants) that have disappeared from the platform since the 30th May may really still be on the platform but operating in monty's parallel universe or alternatively just going through a summer timewarp where they are still there but nobody can see them and they'll just reappear some freezing cold winters day when nobody wants to eat out anyway but I don't find that very likely. In truth it looks very much like they have chosen to delist.

Seems like a poor management decision to me.

So if a new manager is starting in T3 in August then this means that there are just the managers in T1 and T2 for now.

These two were chugging along quite nicely in April and May, with restaurants added in Southampton and Basingstoke in T1 and Exeter, Taunton and Swindon in T2. I think most of us were expecting more restaurants to be added in these towns as had happened in Southampton (which had just started with 2 or 3) but then, for no apparent reason, the signings just stopped. In fact, apart from the 5 in Brighton, nothing has been added since the beginning of June - more than 6 weeks ago.

On 2nd July we were told that: "Over the past month, the Territory Managers in Territory 1 and 2 have been meeting with existing restaurant partners with a view to ensuring that operations are running smoothly and determining where improvements can be made."

I am not sure who made the decision for the managers to stop signing new outlets, Sanj or Aidan, but it seems to have been a very poor decision as the net effect of the 2 territory managers taking on the role of account managers seems to have been disastrous. They have been visiting the signed up restaurants and this has resulted in the loss of 41 of the 150 restaurants that were signed by the start of June. It looks as if these restaurants have just said that the Big Dish platform is not for them and they have elected to delist. I cannot see or draw any other conclusion. This really seems to be a very poor decision as if they had continued doing what they were doing signing new outlets there would probably be an extra 50 restaurants on board by now and with few or no losses we would be nearer 200 instead of a paltry 114.

Ronaldtrump

Just to clarify in your posts both yesterday and this morning you have said that there are 140 restaurants on the Big Dish UK platform.

I have just counted them and there are only 114 - and that includes the 5 in Brighton. You should get your facts right.

Ronaldtrump

You are clearly posting inaccuracies about Big Dish. You should get your facts right before you post here.

Rising nicely. The spread has narrowed. 11% up so far.

NT to buy now and I've tried 3 brokers and none have any stock. That's unusual because IG always have stock though if it's NT with other brokers then it always costs a premium. Right now there is none though. £1.0681 to sell.

10k, 50k, 10k, 30k, 15k x 4 trades all at £1.07 & all AT trades.

Almost every trade is being logged as AT - so all Institutional trades and very little involvement from PI's.

I can't see why the share price is down at all today with that huge demand for Excess Allocation shares. That is crazy. An open offer would be considered a failure if there is a 20%, 30%, 40% uptake and a good success with an uptake as high as 80%/90% but this is a huge over demand of 184%.

There's nothing to stop the shareholders who didn't get their excess shares at £1.00 from buying at slightly over £1.00.

Just looking at the figures and there are only around 200,000 to 250,000 shares traded here on an average day - and that includes both buys and sells.

The RNS earlier today said "The Open Offer closed for receipt of applications at 11.00 a.m. on 12 July 2019. The Company received valid applications from Qualifying Shareholders in respect of 12,820,866 Open Offer Shares, including applications under the Excess Application Facility. This represents approximately 184 per cent. of the maximum of 6,986,097 Open Offer Shares available under the Open Offer. Admission of the Open Offer Shares is subject to passing the relevant Resolutions at the General Meeting."

Obviously a certain % of existing holders would have elected not to participate for various reasons, one always being no funds available, so in reality the oversubscription was far higher than 184%.

STAF are still only going to issue the original allocation of 6,986,097 open offer shares. Now I assume that the applications for the Excess Application needed to be accompanied by the cash which will duly be returned and at that point it is quite likely that these shareholders will look at the sums and decide that while they could not get any more shares than they were allocated at £1 there is not a lot of difference between paying £1 and £1.038p - the current buy price. If this happens then there will be a large buying demand as there were at least applications for 5.8 million shares and with only 225,000 traded on an average day that could push the share price up considerably.

Thoughts anyone.

General meeting at 9.00am today to get shareholder approval for the issue of the shares. We might see some positive upward movement once that is out of the way.

I can't see what you are seeing . It probably just needs updating. This link informed the market that the beta testing period was finished.

https://www.investegate.co.uk/bigdish-plc--dish-/rns/bigdish-uk-launches-in-bournemouth/201901160700032344N/

Meanwhile what I can see on Playstore is that the App has 50,000+ downloads - an improvement and okay for just a handful of locations and restaurants.

I think you will find that the beta testing period is long over. It was announced by the company as officially concluded in the RNS of 16th January 2019.

Re: Alphabetical listing

Little things make a lot of difference and at the end of the day it's all down to professionalism. This looks much better now.

Yes, as they have said they will need a more sophisticated method for listing as all of the territories come on board. Looking as Just Eat you can enter your postcode for a list of nearby outlets and there is also a link where you can select popular locations or view all locations. If you do the latter then it brings up a list of all towns and cities (in alphabetical order) and then if you select the town/city you want it further breaks it down into areas and postcodes.

I'm sure Big Dish will get this sorted when they need to.

Funnily enough there were always 6 restaurants in Brighton on the Table Pouncer website before it was shut down so it has taken all that time to lose 1 restaurant. Make of that what you will.

Beebopalula

You are a total crank.

Old posts are nothing.

Everything changed here when the share price recently rose from 2p to over 9p. Or it did for me anyway. I'm very happy now. I have made a very nice profit and I don't give a toot anymore what happens. Yes it will be nice to make further profits but if I didn't I wouldn't give a toss. I am just here to make money. I wouldn't bother with shares for any other reason. I also know the limitations of the market and a fair bit about risk and I am certainly not in any way a gambler. If a share looks to be a high risk I will stay very well clear of it. Fortunately Big Dish is not a risk share at the moment.

Many other LTH's here have also derisked, top-sliced, profit taken during the recent rise and have noticeably chilled out and no longer seem to feel the need to post here every minute of every day. Unfortunately Beebopalula doesn't seem to be one of them as he still keeps posting non-stop, continually bragging about his holding, telling everyone everytime he tops up and still continues to be as rude as possible to anyone who doesn't quite fit into his somewhat myopic agenda.