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@bigdishIR
just recorded video for the UK's biggest online investor show. will go live saturday

I am of the opinion there will be positive news to shout about. If there wasn’t Aidan would have just kept quiet and not confirmed for Dish to be interviewed for the Q&A at the investor show. I think the SP will be given a boost next week

Interesting article Jsmith. As with an awful amount of media reports should be taken with a pinch of salt. How can such an article be taken seriously. I didn’t get invited to take part in the poll, I wonder how many on the BB participated, did you JSmith ? ......... No need to answer, I am talking hypothetically. I am still of opinion, as I have been for several weeks, that we will start to see the restaurants re-opening end of June / early July. By the way, that’s this year Smithy :-)

I agree, the SP should rise nicely once restaurants are re-opened.
Unfortunately I am not expecting that announcement anytime soon, and certainly not today. The PM is due to give another update today but I believe it will be very vague just reiterating the five points they are monitoring before they can start to ease the current restrictions. I will be amazed if we are any wiser when restaurants are likely to be re-opened, I can’t see it, too early. Those buying the past few days on the hope of such an announcement may well be selling tomorrow dropping the SP again. We just need to be more patient.

I am of the opinion some clarity from Aidan & Co in regards to the takeaway service would be a huge positive.

ie .....
- They are going to continue to work on this part of the company in the near future when the U.K. staff are operating again.
- They are currently continuing work on this with additional restaurants to be adding in due course

Just to leave it as it is, a month on from when it was announced on Twitter, I think is poor, and potentially damaging.

I also hope Dish expand the takeaway side of the business. If I’m honest I am disappointed with the lack of restaurants signed up for takeaway service, 8 in Bournemouth and just 1 in London. It was twitted on March 20th (a month ago) that you would be able to use Bigdish to book delivery venues. Technically you can. But come on, just 9 venues, looks bad imo. Either add some reasonable numbers to the restaurants/ locations or it may have been better not to have even mentioned offering this service. I am pro Bigdish but this is disappointing.

On Tuesday 823 new deaths were announced, but most of these happened in the previous days and weeks. Some even date back to March. ......... Peak may be over !

Lemonade, unfortunately many people live beyond their means. Even pre Covid-19 there would have been many dining out when technically they couldn’t afford to. They have worked hard all week and deserve a treat (dining out) will be the mentally. They will use their credit cards / overdrafts. This is the way of the world for a huge number of the population, this will not change. Interest rates dropping to ridiculous lows post the 2009 financial crisis has changed the way many run their day to day lives. Money has been so cheap the past 10 years, and that is not about to change any time soon ! Don’t you worry, people will be dining out as soon as the restrictions are uplifted. ....... you also haven’t considered that many will be financially ‘better off’ due to Covid-19. Many will be continuing to work on full pay but haven’t been out to spend any money, not buying petrol for example, as they work from home, which is quite an expense each month for some. There will even be a number who have been furloughed, retaining 80% of their income, but again not spending money as they were previously so most likely no worse off financially.

If some used just the slightest bit of intelligence when reading the dramatic headings in regards to pub and restaurants not opening until Christmas they would realise the headline is not stating that the pubs and restaurants may not open in their entirety by Christmas. The press are suggesting pubs and restaurants may not get back to ‘operating normally’ until Christmas. There is a huge difference between being closed, not open to the public until Christmas, and operating normally until Christmas (ie as they were pre Covid 19). In my opinion we should expect pubs and restaurants to re-open way before Christmas, my guess would be around the end of May (just 5-6 weeks time) but I would not expect them to be operating the same as they were previously. I would expect temporary conditions, regarding distancing / shielding for example, maybe until Christmas again for example. But they will be open for business ! That is all we need here at Dish, the businesses in our section re-open so we can continue with the growth potential we were doing so well at displaying literally just a short 4-5 weeks ago.

The UK has been in lockdown for 4 weeks. 4 weeks ago we were guessing that restaurants wouldn’t re-open for say 3 months, in June. During that very same 4 week period we have seen our SP rise over 100% from the low of 0.80. The SP was way undervalued. Today, no change as such, the restaurants are still not open and we are discussing the possibility of them re-opening in June. The SP is still way undervalued (because the restaurants have been forced to close) and therefore it wouldn’t surprise me if we see the SP double again before the restaurants are allowed to re-open. Too much focus from some in regards to when the restaurants will actually open, end of May - beginning or end of June, early July ........... and not enough weighing up the investment here. Potential to double your money at least , quite easily, in approx a 2 month timescale, maybe less as I believe the SP will double again the closer we get to re-opening and then some once we do finally see the restaurants opening their doors again. Now is the time to buy imo, and not leave it too late. I don’t understand some people’s mentally, as if there is a barrier where they cannot buy and wait for literally just 2 months. It appears some cannot physically press that buy button unless they think the SP will rise that same week ! Bizarre. Dish SP approaching 5p just 5 to 6 weeks ago, only halted temporarily by this virus, can currently buy for less than half the amount. Bargain imo, but many will miss out

Dish currently has 137 restaurants in London showing on their app. I am sure this number will continue to increase as soon as the current restrictions are uplifted and the restaurants can reopen.

Week commencing Monday 23rd March, the day the lockdown was formally announced, Dish had 630 restaurants signed up over a total of 131 different locations.

Great opportunity here for those that can see past the end of their nose imo.

Which restaurants on the Dish app are going bust Humpa ?

No. Read RNS’s and keep up with recent interviews on Proactive Investor. Current funds should last until the end of year, longer than previously estimated.

Takeaway functionality is being rolled out across other locations.

Spero, well spotted and thank you for sharing. Would be interesting to see if Dish will roll this function out across all locations. You would think so, rather than just offer in Bournemouth. This is a very pro active company and only find ourselves with such a low SP because of the unprecedented pandemic the country is currently facing. This won’t improve over night but we won’t be in this position with restaurants closed for ever !

Very pleased with today’s RNS.

The company has addressed the current cash situation, and we learn that government will cover a substantial part of our wage bill. We are also told we may not need to raise further funds for a bit later in the year than previous expected, very positive news, and great to be kept informed. Will settle some nerves.

I was also particular pleased to learn the company have already started to look at the options for the fund raise. They are being very pro-active and not leaving this to the ‘last minute’. I believe as a result of early planning, and being professional about such a matter, we will raise the funds in an acceptable manner and not be ‘desperate’ to raise cash at any price. I would hope we will be kept informed as these matters progress.

I would not expect today’s news, which was positive, to move the SP to a level I believe the company deserves to be valued at right now, as not a great deal will improve our SP until the government uplift the current restrictions on restaurants not being able to open to diners.

When that does happen I believe our team in Manchester will immediate continue with the success of signing restaurants that has, and let’s remind ourselves, only been halted by Covid-19, this horrid pandemic we are currently living with.

The company has provided a great update today, and can do no more at this moment in time. This should halt the decline in the SP and provide some reassurance to investors that do believe in the company.

Spero, I did the same this morning, had a good tally up. I counted 625, additions in Newport, Northampton and London today ........ not ‘splitting hairs’, 1 restaurant difference between us is hardly going to make a difference.

Like yourself, and I’m sure many others, will be interested to see if we can continue to sign additional restaurants. I appreciate, if we can, i would not expect the numbers to be anywhere near as the amount we were adding previously, as we were gaining traction nicely.

We may still be able to add larger groups. Their ‘front doors’ may be closed but behind the scenes these business you would expect to be as proactive as possible and planning for the future ......... after all life will go on after this horrid virus is under control.

Also very interested to see how the take away section on the app is applied and if it becomes a success. At least our team are reacting to the situation and acting swiftly.

The last time they acted in this way they replaced Sanj with Tom & Co, and that had an immediate positive impact.

A hold from me too, and hopefully a well timed further investment from me also.

An update from the company is due next week, the first business day of the month.

The update will inform us how many restaurants have been signed during March and the new total.

In these unprecedented times we will need the update to contain a significant amount more information to calm the markets reaction towards Bigdish.

Although we do not require investment right now ,with the uncertainty in the marketplace, especially the hospitality / restaurant industry I believe there to be significant importance in realising our current financial position and plans for the future.

If as a company they are confident of future investment, or indeed have started to engage / explore the possibility of an investment / or loan to see the company through these difficult items it would do wonders to halt the decline of our SP and instil confidence.

One extreme positive as a company we have no debt. Always a good thing .

I believe the company needs to be proactive and forward thinking as we face social distancing for what could be a period of a few months, if not longer. Bigdish could develop a ‘take away’ section on the app to help combat the short term downfall if people dining out. This would help the existing restaurants on our app as they could continue to trade, as well as be appealing for new restaurants to join. If the public are told to stay at home for a period of time it could well affect people’s mental health. Food, eating, helps comfort people in times of need. This will pass. As investors we need to ride this out now. The markets have crashed beyond anything we could have predicted and we are now grossly undervalued imo. There will be brighter days ahead imo.

Great bit of digging Spero. I had my eye on Hilton and Ibis. We just need one of those six groups to join Dish and the sentiment will return here in a heartbeat. This is extremely positive imo, and great potential for at least one of those hotel groups to join the party,

Spero & Art, thank you both. Much appreciated