RE: Hugh Potential12 Jul 2019 16:03
The market understands the potential here, thats why it had a strong rise up to 9p.
The company is working flat out to create a very lucrative model, but it doesn`t get built overnight and there will be bumps (delays) in the road.
Nobody in the UK are building the same platform, no membership, the 48 hour booking window, discount for eating out of main busy times etc etc etc.
Now is summer season, some restaurants will be happy with a slight increase on normal numbers, some won`t and will be happy to keep live on the app...its not a secret.
They are clearly a bit stretched for personnel at the moment, thats why their main focus is to get new employees on board, its the right thing to focus on for now.
With what they have planned I see no barriers to the sp being between 20p-30p by xmas..a 6x bagger in 6 months at todays price.
If you bought higher recently expecting 10p on the Brighton live announcement then you`re probably feeling a bit wounded, but after it being flagged as `due soon` for the last month then you should have thought about the `buy on the rumour sell on the news` mantra, and will no doubt have learned a lesson....but, they have stated that they expect the numbers to increase probably on a weekly basis so no need to panic unless you wanted a quick profit.
5p seems to be the support level now so any news flow from here on will more than likely have the share price moving strongly like it did before.
Time is moving on quickly, unfortunately if you love the summer like me, and Sept is only 6 weeks away when they expect to be going in to the hyper growth period.
Chill out, enjoy the summer while it lasts, and look forward to being rewarded for your patience.
Or panic and sell at this price, then look back in regret when the sp bounces strongly and you can`t decide whether to buy back in higher, and then kick your own ass 7 ways to Sunday if you decide not buy back in when the price goes in to the teens and beyond.
Up to the individual, but don`t spend too much time listening to the derampers who only want to talk the price down to get in lower, otherwise why would they bother posting????
They buy, talk the price up and everything looks rosy, then sell and everything is doomed...rinse and repeat!
Think big picture and you will have a very merry Q4 and a happy new year!