RE: DISH:-31 Jan 2019 07:28
Hi beebopalula,,, Sorry for the delay in response. Yes the company raised 1.8m at IPO in August but we have yet to receive any real indication of cashburn in the development phase. We do know that the margins are tight on revenue given that they have just reported 200 bookings for which they receive very little at this stage. I also refer to the below from the recent RNS on strategy update:
"Depending on the outcomes of the Asian business strategic review, BigDish may require substantially less capital for growth than previously anticipated, which the Directors believe will benefit shareholder value."
It would be logical to assume that we can expect a placing at some stage irrespective of any proposed sale given the above disclosure. To be fair i really like the business model and it is a market disruptor for sure so the SP is largely irrelevant in the short term but the higher the SP of course the better for fund raise.
Just my opinion of course. Regards DJ