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Aidan Bishop clearly says in his recent ProActive podcast that the territory/regional managers are on roughly £35K per annum. I assume that someone sent in a question and that is why he gave the figures. He does not say that they are on a low salary or a commission based salary, or that they work for free for the benefit of the rude rampers on this board or anything else.

He also says there are 2 at the moment.

Please DYOR.

I've just been checking through my posts and I posted on 10th April that a doable target seemed to be 20 new signings per territory per month - funnily this is exactly the same figure Mr Bishop came up with in the ProActive podcast a day or so ago.

Believe it or not my posts are not that far off the truth throughout.

Year 2 - Sanj and the regional managers can work to get the small and large chains on board. Each chain will have it's Head Office in one or other of the territories as not so many are based in London these days as many are regionally based.

Hardly rocket science.

I see the 2 new areas are live on the App/website now!!!!!!!!!

ATB.

It's hardly rocket science.

12 territories - 12 regional managers - £35K each to include expenses - totals £420,000.

Each regional manager can sign up to 20 per month = up to 2880 per year - which is more than the current target for independent restaurants (which is 2000) so the whole national roll-out can be done at a minimum of expense and in a relatively short period of time.

I repeat this is hardly rocket science.

AJMHO. AJMOF. IYDAPO

They actually need to give themselves a big kick up the a*se. Sanj for all his past record comes over a very laid back/lethargic and the rest seem to be going even slower.

Even in March (when things were going much better as far as restaurant signings are concerned) the share price was 3.10p on 1st March and 2.28p on the 29th March so obviously irrelevant of anything said on this bully board the market - which dictates the share price - obviously did not rate this as any great progress.

The market - which dictates the share price - appears to be looking for much more - maybe all the territories set up as quickly as possible.

Otherwise, I'm afraid it's all just talk, talk, talk.

AJMHO

AB has said in his recent podcasts that the 'national roll-out' is little more than appointing 12 regional managers and them then getting restaurants added in their respected regions. It will still only progress at the speed of each territory manager working on one town/city per month.

Some of the posters on here have built it into something that is more than this but at the end of the day it is just a case of employing some managers.

If some of the rude and critical posters here actually read my posts they would find they are on the whole positive and at worst constructive criticism - again usually aimed at the slow rate of progress.

I am not someone who just listens to management talking the talk - which is very easy with all the podcasts these days - but prefer to see real action. Funnily enough, the share price works in the same way and has reflected the lack of real progress here over the past 8 or 9 months.

For example, I posted ages ago that a reasonable doable target for London should between 600 and 800 restaurants and now it turns out that AB has in fact split London into 3 territories and with the current target of 200 per territory that should give at least 600.

I also posted a while ago that it won't be feasible to get any big chains on board until all of the territories are live as the territories will need to exist first so that the chains fit into the Big Dish locations. So they need to get on with this and appoint the territory managers or the chains will just be another dream.

AJMHO.

Can't see Exeter and Basingstoke on either App or website as yet. Target was for on or around 30th April - though I suppose it would have been unusual for this outfit to manage anything on time.

More talk, talk, talk on the podcasts. I think that if the management here carried out interviews for regional managers as keenly as they turn up for podcasts then they might be making some real progress with this business. They have 2 regional managers according to AB - and that's taken them 9 months!!!!!

They'll also need to get busy signing up new restaurants soon as well as they already seem to be dropping off the platform. Bournemouth is down to 47 from 49, Bristol is down to 37 from 40 and Bath has lost one and is now 19. Southampton is still at 20.

And these are not closures but some restaurants will find that this yield management idea is not for them and will not stay onboard. There is churn in every business and to stay ahead of it companies need to stay signing up new business.

Total sign-up in March was 32 and in April was 16 so it would be nice if they now try and get back on track.

AJMHO

The idea of using leaflets is to get customers to use the restaurants that have already signed to the platform and not to get the restaurants themselves to sign up, silly.

My predictions on numbers for self-signing for one year would be 0 (that's nought). And there are 0 (nought) so far otherwise there would be the odd restaurant on the platform in say the Lake District or Scotland (somewhere) or anywhere else. There are no self-signed restaurants anywhere.

What a ridiculously naff idea and totally bonkers.

AJMHO. AIYDPO.

Beepopalula

I should forget about self-signing. That is quite delusional.

Sorry - 18 - I cannot count. So 123 altogether.

drax

I did not post yesterday about a placing. That was someone else.

Southampton seems to have lost one and is back to 17 but that did happen once before and then whichever one dropped off reappeared.

Still slow though!!!!!!!

Personally I bought more here yesterday so I would like 2p to be the old 1.5p and to hold for now until the next share price rise. I'd be very disappointed if this fell below 2p. I think it is a bad habit to keep buying more of any share if the share price keeps falling - especially here where there is no excuse for a falling share price as the company have the whole of the UK before them with no other competitors and every opportunity to grow both the company and the m/cap.

AJMHO

That's better. I would always rather my posts be positive but then that needs a marked increase in the rate of signings.

Bath now at 16. Assuming B'mouth is still 49 and Bristol 40 and Southampton at 17 that makes a total of 122.

When I say that my opinion is that this share was vastly overpriced at flotation doesn't have too much bearing on the current share price as obviously the company has made some progress since the IPO.

It's just that it is a much better way for a company to float at a fair value and then for the share price and m/cap to rise as the company grows rather than see what has happened here where it looks like the share price will be under water for most of the whole of the first year of trading.

Of course, some shareholders who came across this share several months after the IPO, angelaj6611 and others, and who only bought in when the share price was around the 1.5p mark will not know otherwise or agree with this as they have only known the share price to be at the lower level.

There were a number of exaggerated numbers in the IPO which one can only see in retrospect which aided the company in getting away with the silly high valuation and m/cap at flotation.

And of course none of this would matter at all if the management were getting on with the job and making light work of signing these restaurants to the platform. My prediction is that the shareprice should be back to the IPO price of 4.5p when there are around 250 restaurants live on the UK App/website.

Now it the management were to get their fingers out and apply some management skills and get T1, T2 and T3 up and running with territory managers and get them signing up restaurants as a full-time occupation then at a rate of 20 per territory per month to get to the IPO share price of 4.5p would only take a couple of months. And from that point if this modest momentum is maintained the share price could double again within anther 3/4 months.

AJMHO. AJMOF. IYDPO.

In fact 1.5p and a £4M+ valuation was probably on the generous side looking at what has gone on here since flotation. Probably a share price of 1p and a m/cap of £2.85 Million would have been much fairer.

AJMHO.

My last post was all just my humble opinion of course.

Share price down 9.78% today. The chart was at a pivotal point where the share price should have started moving back up but with the lack of enthusiasm from the management a further fall looks inevitable.

I think the real problem here is that this share was vastly overpriced at floatation. I think a share price of around 1.5p for a m/cap of just over £4Million would have been much fairer. That way round the management could take as long as they damned well want and the beta trials could last as long as they want and no-one need care.

Poor effort.

Just a thought - maybe the territory managers are just on a beta launch (soft launch) for now.

I'm disappointed with the slow rate of progress here and this is also reflected in the share price.

Big Dish spent a whole year (2017) setting up Big Dish Asia as they changed from a dining card to yield management and most of that time was spent in the beta phase. They then came to the UK and did the beta phase all over again for months on end.

They clearly have been working with territory managers in Asia for several years so that is something they shouldn't have even needed to think about. They should have been recruiting the team straight away and quickly got on with the job.

Poor effort all round so far - as is reflected in the share price.

AJMHO