Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ron you know what happened to the Asian side....refer back to your ramp posts. As you stated yourself and big dish in one of their interviews the Asian side was put on hold to focus here in the UK market. You probably have more of an answer than I would to know exactly what's happened to it at this moment in time.
Greenspan you only focus on past efforts, I did ask what about the company since having the new CEO. You blanked that question and keep referring to beginning which was a **** show. Trials and errors - now and then, a vast difference.
Greenspan, in regards to strategy yes I agree at the start, it was diabolical. You keep referring to past efforts. How about the progress made since having the new CEO? - covid is not part of anyone's strategy and all progress was halted because of it (as you already know). All new tech companies hardly make any profits or zero in the first few years - app building, branding, creating a presence, marketing etc takes time. Bigdish came on the market in the UK and started from scratch - trials and errors, so far they have shown improvements are being made (especially building restaurant numbers up before we came into lockdown) and what's to come will eventually bear fruit with the delivery side.
You tend to post here and you're not invested. A normal person states their opinion once and moves on. Yet you come back to post your opinions and assumptions - if bigdish is so pointless why do you keep posting here? Especially when Ron has turned his ramp mode off.
Tanya there's no need to be rude tbh. Jsmith you tend to post frantically and your post is similar to Ron's. It's misleading, same as when you posted about deliveroos table service app which has no comparison to bigdish app.
If you read the RNS it does state and is obvious why most restaurants have gone into invisible mode on the app. Most of these restaurants have been closed for 3months - the status is unknown whether they're open as yet, liquidated or still wanting to be on the bigdish app. I'm sure you wouldn't want to book a restaurant which is non existent. They are going through the list as stated in the RNS and the retention rate will be more clear by September - a small few have already come back as you know. This doesn't mean they won't be adding new restaurants or takeways onto the app in the meantime.
You asked if a restaurant can be on the app without paying the subscription fee? - that's like wanting to watch Netflix without paying for it lol. It's a service they're offering!.
Again Jsmith if you did the research on this ASSUMED £250 subscription fee..... I'll copy and paste what I wrote previously -
Uber Eats is taking around 30%, Deliveroo charge an average of 20-25% commission, with a cap at 30%. Just Eat has a lower commission rate of just 14% per order, but also charges a fixed admin charge of 50p for every single order which so do the others - So on average as an estimate if a restaurant/takeaway has 10 orders per day through these apps (possibly be alot more), each bill costing around £20 as an estimate they would roughly be paying around £650 plus (A MONTH) and that's just based on the lower 14% - just for delivery. So having this assumed fixed subscription fee £250 is massively cheaper compared to what restaurants and takeaways are paying plus the bonus of having reservation bookings with yield management. At this moment in time most businesses wil be looking to save costs without losing the same service provided.
The subscription fee is more stable logically with the services provided rather than paying per seat booked - due to covid bookings will be limited as per availablity as most restaurants have had to cut down the amount of customers they can have in the restaurant at anytime. So this is another reason if they remained the same it wouldn't have worked in regards to generating much revenue. Where as this way they will be.
Wake up Jsmith! .......It's nearly 9am lol
Art why don't you read the RNS if you're truly interested about pointing facts (at the moment none posted by art so far)? Then again... could be quite difficult taking all that information in, being so extensive (as you tend to only stick to limited information) or you could have a listen to the share talk interview? I can appreciate both sides whether it's negative or positive being constructive...but your previous post states after so long coming back to this board, you wouldn't invest again....so why now come on the board to state pointless and utter nonsense? Curtains closed? Really. Please read the RNS lol ??
The strategy.... you mean by have everything under one umbrella, improving the same app to include takeaways, delivery, discounted reservations (same as before) - allowing more outlets rather than just restaurants to be added onto the platform and changing the bums per seat pricing, which worked out as 50p or a pound per seat to a more stable revenue by having a subscription based fee.
Ok Ron.
Most restaurants and takeaways are on more than one platform, again Adian stating the obvious whether it's deliveroo, Uber eats, just eat, Groupon etc. bigdish can the offer the same service under one umbrella at a cheaper cost so why wouldn't restaurants and takeaways take it on - bonus is the reservation element side. Most of these companies started from no where and unheard of, your statement is pointless. Assumptions is the mother of all f ups.... No pricing fee has been stated as yet. Ron even yourself has stated in your ramp posts about revenue not meaning anything as it's about building the foundation and most companies not generating any profit in the first few years ....so why does it matter now? Lol
Slipped up? He stated the obvious that there is delivery apps out there lol. Before lock down they were doing well signing restaurants on and that was under a thousand - 650 (it didn't take them that long getting the numbers up either). The UK itself statistics state in 2018 had more than 80,000. It won't take them long to bring back the previous restaurants as well as new restaurants onboard. If you had a look at the app (some restaurants still on there and others in invisible mode), they have actually made some changes to the layout and Is still in progress til it rolls out on 31st with the beta version. Too much trolling here with statements like these and stating worrying for the investors *geesh*.
We have a Ron trump and now a noris Johnson lol who else?
This £250 figure is false and an assumption. bigdish have not confirmed no fee as yet, as for the first few months the restaurants can try bigdish without any costs. Questioning competitors, Uber eats, just eat and deliveroo delivery charges can be expensive for the consumer (depending on offers at the time) as well as the restaurants to use them. Why would anyone want to pay more if they can get the same service at a cheaper cost? And that goes for the consumer and the restaurant. A few people do know about bigdish otherwise you wouldn't be here and when there is more restaurants on the app then it would seem more beneficial for them to place a strong marketing campaign in place at that point. There is no point to advertise the app when most of these restaurants have been placed on invisible mode whilst the new app is being prepared. If anyone has done their research on them, you'll see they do have a good team on their side...who will see this through eventually. Too much assumptions and trolling has brought this panic and expecting this to have been rolled out straight away (the guys have been furloughed for crying out! And have only just got back). The crazy thing is reading some of these posts where posters have stated certain things without actually reading the last RNS. I would have been more worried and have sold out if they did continue the same way as before but bigdish has shown flexibility, to innovate and the willingness to change with the times, to adapt. There is no app that offers discounted reservations, take away or delivery as yet -Just look at doordash and just eats valuations. No one knows what tomorrow will bring but I do think bigdish certainly have something which will prove valuable. I guess by the end of the year we'll know. Dyor!
Jsmith wildwood has always been on deliveroo for deliveries.... I really don't get what you're on about? I've used the app to book at wildwood previously, I received 50% off. I think wildwood do have their own offers on also at certain times.
Monty you're right, I just had a look at the website. It's similar to what weatherspoons has, table service is an app where you can just order your items and pay without having to go straight to the counter or paying the staff from what I gather. Totally different from what bigdish has to offer - no yield management.
How is Bigdish compared to deliveroo? From what I gather bigdish will implement the delivery side similar to just eat where the restaurants own drivers are used. Deliveroo has their own drivers and tbh quiet expensive. Problem I see is people are assuming too much whether it's excessive deramping or ramping, it best to wait and see what the next RNS brings to the table.
To those questioning revenue - Most companies do not see profits/revenue for awhile. New businesses can take awhile possibly 3 yrs plus before seeing anything. I've been following this for awhile now....and it's the same people with their own agendas who blurt the same old or newer lemmings that follow their ideas (with no true understanding or researching the business on what it has achieved so far and what will be).
By the way about coronavirus.....and those who think no one will want to use the app, how are you still living life?? Fact is people have to go to work, go shopping, handle money from person to person, fill petrol in their cars, use public transport etc.... the government is not going to pay for your ass to sit at home confined in your room. Look at the regular Sainsbury's, wetherspoons or MacDonalds still busy as ever despite what you see on the news.
Ive used bigdish quite alot since more restaurants have come on and the concept is good which is why I'm still invested. I've been to the same restaurant about three times now and they've mentioned people are starting to use the app more frequently (which shows it works). For now it will be word of mouth, but once the numbers build up on the restaurant front it will be marketed nation wide - better for consumers to use it frequently with more choices. Despite the news people will go to the restaurants on the app....people will still want to go out and live life. This will go a long way....good luck all.