Member Info for ART123

Students go out on the piss. They frequent the pubs and clubs. They do not go out to spent £20/£30 per head plus restaurant priced drinks on a fancy dinner. This concept is not for students. They will go home and order a takeaway.

Students eat takeaways. They do not go out noshing at expensive restaurants however much the discount. Nor do the posh and highly recommended (on Trip Adviser) restaurants that get selected to be on the Big Dish platform want or need scruffy broke students turning up. They like to get tips for starters and they won't get many of them from in debt students. Wrong market altogether. Do your research. The restaurants on Big Dish are all £20/£30 per head - students wouldn't spend that in a week on food.

AJMO

Students eat takeaways. They do not go out noshing at expensive restaurants however much the discount. Nor do the posh and highly recommended (on Trip A

monty5662

Don't worry or post about me. I am in charge of me thank you very much. Just keep your posts to Big Dish or yourself thank you.

Don't worry or post about me. I am in charge of me thank you very much. Just keep your posts to Big Dish or yourself thank you.

Why should we trust you.

And Big Dish management we know are very good at the old talk, talk, talk but not so good at the action so what does it matter what they have said.

This business is all about numbers and for now it's all about the number of restaurants they get signed up to the platform and nothing more. Later when they cover the whole country or at least a fair part of it it will be about driving customers into the restaurants.

I happen to have looked at the track record of the management in Asia and they are not great performers. They do however have the opportunity to create a successful and profitable business in the UK but they don't seem to be making much of a job of it so far - as is reflected in the share price.

All just my opinion.

That post answers nothing. It's just an excuse to pick on other posters who have a different opinion to you.

And absolute bunkum I may add.

"checking daily sign ups at this stage is meaningless as they may have signed up but not put them live yet.." - this is completely false information.

And I personally am wasting half my life on this damn company for not a lot at the moment which is what pisses me off the most. I don't even like long term holding a share - I like to be in and out with a nice chunky profit. Not much chance of that happening here at the moment though.

Would this be a happy board if the share price was 10p or 15p - yes, we all know it would. Is it a happy board while the share price is 2.20p - no, everyone is pissed off and ratty and picking on and attacking everyone else's posts and it's all a bit of a warzone.

Unfortunately, the only thing that is now going to get the share price to move upwards is signing up more and more restaurants.

AJMO

I'll repeat the first part of my last post as it sums up what is happening or rather not happening here:

Obviously everyone posting here wants the company to succeed and the share price to rise by many multiples of today's' figure and by many multiples of the IPO starting SP but the reality is that with the progress so far that is just not going to happen.

AJMO

Obviously everyone posting here wants the company to succeed and the share price to rise by many multiples of today's' figure and by many multiples of the IPO starting SP but the reality is that with the progress so far that is just not going to happen.

And unfortunately, after a marked improvement in January, February and March, when the share price actually rose for a while and reached as high as 4p since the dire RNS on 19th March 2019 all the progress seems to have ground to a halt and the share price has reversed back down again. This is very poor.

The stock market is a harsh environment. Shareholders always expect too much and obviously want the share price to be as high as possible but they will also leave in droves if things are not going very well or moving fast enough.

And don't forget that this concept is as yet unproven for restaurants in the UK.

AJMO

Yes, my opinion is that beebopalula lives in a fantasy world.

"Market doesn't like it? Evidence please" - just look at the share price. And this is the only market indication for any share anyway. If you're not going to look at the share price don't bother with shares. And all of the trades today have been sells.

I agree. The management here, including Sanj, are very good at talking the talk on numerous podcasts and at presentations but not much good at getting on with the action.

All talk and no action.

AJMO

I'm still being quoted 2.22p to buy and 2.165p to sell so looking at the trades above all are sells. Only small amounts but it shows a lack of buying interest here.

This is why the management have said they need to sign up the independent restaurants first, then the smaller chains and then the larger chains with a target of 2000 in each.

However even to get 2000 independents signed up in 2 years will be a tall order and yet everything else depends on them doing this first. 2000 is 200 per territory which is fine but with 8 months already gone of the first 2 years then that would mean adding nearly 120 restaurants per month for the next 16 months to reach this figure.

Figures: 2000 less 111 = 1889 divided by 16 months = 118 per month.

Some posters are talking chains suddenly appearing on the platform but that is not going to happen yet for several reasons.

One obvious one is that big chains do not want to be used a guinea pigs for a new concept which is as yet unproven in the UK for restaurants.

Also the big chains which have restaurants spread around the country will most probably not be added until all of the territories are up and running.

anjelaj6611's figures as posted by her are inaccurate. I'm not going to accuse her of posting false information but it is little better.

8 out of the 9 current restaurants in Bath were signed for the beta testing and they were added in October of last year. Also 47 of the current 49 in Bournemouth were migrated straight from Table Pouncer so they haven't been added either. Finally 1 restaurant from Bristol and 1 from Southampton were also on the Table Pouncer platform.

So 57 of the current 111 on the platform were either added last year or came from Table Pouncer so the true figure of signings since the end of January is 54 - which is 5.4 a week (and not 9 a week).

More importantly, 22 restaurants were added in February followed by 32 additions in March. This was a marked improvement on last year and January and seemed to be a turning point for the company. However this seems to have now slowed down in April as we are already 10 days in and only 4 new restaurants have been added.

The best performance so far per territory is the 20 added in Bristol in one month (February or March) so a good starting target would be 20 per month per territory and with T1, T2 and hopefully soon T3 up and running that could be as many as 60 a month. Though of course this is getting ahead of what is actually going on as of today as that would give a total pro rata of 20 signings so far this month but in reality we only have 4.

AJMO. AJMC (which stands for "All just my calculations") and could also read AJMF (for "All just my figures")

Let's hope we don't get a poor trading update here. That would be the final icing on the cake.

And don't forget this company is Main Market listed and a trading entity. It would be easier if they were an AIM outfit to get away with this lacklustre performance but in the Main Market they are far more accountable. The share price will reflect their financial results more than anything else.

The management here does not seem to have a particularly responsible attitude towards revenue and profitability (as can be seen by their historical accounts in the IPO Prospectus).

Any poor trading update and we'd be seeing more like 1p than 2.25p.

All just my opinion.

I'm glad drax has got something to be excited about in this rather drab market because there is precious little to get excited about here.

Oh and he's happy because the share price has risen on another of his holdings which is more than can be said about Big Dish's share price which is still at a 50% discount to the flotation SP. It doesn't even look like moving upwards at the moment either.

This is just a joke the company not getting a move on and starting up the next 2 or 3 territories. There is no excuse for such apathy.

I actually like the new website. The photographs are better, though some are just slightly blurred. but the problem is it is a bit thin on the ground with restaurants in only 4 UK towns.

AJMO.