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Iceman, download the Bigdish app. You can then track daily the locations and number of restaurants in each of those locations. I wouldn’t invest here without having the Bigdish app to check progress yourself, without the need to rely on RNS’s. This is quite a unique share, and a great opportunity imo, where you can keep a daily check on progress yourself simply by downloading the app. With this share we are not reliant on regular news flow / RNS and we don’t have to gamble on the CEO’s vision. All the info we need today, this early in the companies plans, is available via the app, kind of like inside info .......... a very transparent way to track the progress being made .
Art, for clarity, I wasn’t mocking your valuation as such. More the case of the method to value the company 100 restaurants = 1p. Which means, on that basis, that if we see an SP of 3p this week with no further restaurant acquisitions then we should all sell as the company is only worth 215 restaurants = 2.15p. A bit is light hearted fun, and no offence meant. By the way, do you know what a yatch is ?
I’m looking forward to 6 months time and being in a position to look for a new ‘yatch’ Ronnie ........ Whatever that may be ;-)
I am impressed though how both yourself and Art have figured out how to value a Company such as this. I don’t know why no one else here, including myself, has ever thought of it. 1p per 100 restaurants added. 2500 restaurants 25p. 3000 restaurants 30p. Pure Genius ! ....... Anyone doubting you guys just has to work it out for themselves. With the current shares in issue 2500 restaurants (25p) gives a MCap £87Million. 3000 restaurants (30p) gives a MCap £104Million. And this is going to happen in just 6 months, wow, I might buy two ‘yatchs’ ! ;-)
I can’t help but think with Tom’s strategy of adding new locations and increasing our footprint we will become more appealing to the Chains. I also don’t for one minute think Sanj’s experience won’t bring in results. He was not CEO material, but as a consultant he has to show results to earn from Bigdish. He can no longer just draw a wage. I have a feeling with Sanj’s experience and contacts, Tom’s strategy starting to show results, we’ll soon see the Chains coming on board. It is all about timing and I think some on this BB were simply too impatient in regards to Sanj signing up Chains. I am really pleased Aidan recognised the previous strategy wasn’t bringing in the results and growth rate as quickly as they wanted. Acting promptly to change the strategy and personnel was a great move from Aidan. And I am of the opinion keeping Sanj close to the Company as a consultant will also prove to be a good strategic move.
Long long way to go yet, imo. I feel the SP will be way North of here by the end of the month. I’m looking forward to seeing where we are at the end of Q1. Let’s see what this new team can achieve by the end of the first three months. I have very high hopes.
Nice subtle deramping there :-). Four weeks notice is generally the period of time the majority of employed staff have to give when terminating their employment. I know of many companies that ask the employee to leave immediately and not work their notice period once they have made the decision to move on. Placing ? ........ Being invested and keeping up to date with company news flow would tell all that the company has sufficient funds until Q3. More funds may be, and most likely, will be required in Q3. This is quite normal for a start up company. The last placing for £2.1 million was at an SP of 7.2p, and at the time the American family office that invested made clear there were more funds available if needed. Some do like to use the word ‘placing’ to spread fear ;-)
Mid October Brighton had 6 restaurants signed up. Just 2 months later 40+. Mid October Bigdish had a total of 145 restaurants signed up. Just 2 months later 215 (50% increase). Now let’s remind ourselves these additions have been added during what has been described as a ‘failed period’. ......... Now imagine what could be possible with the new CEO, Tom, and the new strategy ! The company identified immediately their original plan with the TM’s was not bringing in the results as quickly as they desired. They want to achieve rapid growth and didn’t hesitate to make personnel changes and adapt the strategy. Very pleased with their decision and proactive attitude. This has huge potential imo.
One ‘dropped off’ in London, yes, but no restaurants have ‘dropped off’ in Brighton. And easy to check all other locations if you wish.
Interesting how you mention the one restaurant ‘dropped off’ in London, but failed to mention the one added in Bournemouth last week, 3 in Birmingham and 5 in Brighton !
ATB ;-)
1 question for you Ronald :
Why are you spending so much of your time posting on this Bigdish BB if the company, and share, is the waste of time you repetitively keep insinuating it is ? ..........
No need to answer, I am sure I’m not the only one that’s worked out your agenda ;-)
- 18 new signs ups this week. No restaurants ’dropping out’ this week. ......... This is starting to gather momentum. I would expect the rate of sign ups to increase at a more substantial rate as the momentum continues. Art, you may disagree.
- Aidan Bishop left Manila to head to London on 5th November. Shrewsbury Chocolate Festival is on the 16th -17th November. ....... Art, maybe Aidan has flown over nearly 2weeks before the Chocolate Festival just to do some sight seeing in London !
- A number of successful businesses operating in the UK have their operational teams in other parts of the world ........ Art, I suspect you already know this ;-)
- The last post on the Bigdish IR page was indeed on Oct 17th. ....... Art, I am sure you have also noticed on the Bigdish App page on Twitter they have started to post every day, and more than once a day. They are increasing the awareness, again I’m sure you already know that ;-)
Oh I see. So with no intention of investing here, and therefore for no personally gain, you are spending your own personal time here rather than be with loved one’s, to worn those of us that are invested in what we believe to be a company with great potential. What a great guy. You haven’t meet us and yet you’re willing to offer your help and advice.
What a wonderful good Samaritan you are, From the bottom of my heart ..... Goodbye ;-)