Underlying figures much better than you imply stt. Exceptional one off share based payment cost, impairment and 'right of use' depreciation. Take these out and you are looking at underlying pretax of around £32m and adj EBITDA of £47m. This cannot be bad p/e of 7 !
Is there any reason why this App cannot be adapted to include takeaway meals ? It would appear to me that there is an advantage in encouraging customers to order outside peak hours. Obviously this is not something that can be instigated overnight but might be introduced with minimum software change. Any comments.
The revenue will be significant when they have 6000 restaurants onboard. There will be no difficulty raising additional funds providing a trend towards this total is being demonstrated. Just do the maths.
The lack of revenue will have minimum impact on Dish over the next 6 months as revenue was not expected to be relevant/significant anyway. The main criteria for future success is that they continue to sign up restaurants.
The only information available on revenue was supplied in the interim report to 30th September. Over this six month period an average of around 120 restaurants generated revenue of £11,766. This equates to a revenue per restaurant of £98. Assuming an average number of restaurants in the current half year of 440 would give second half earnings at £100 per restaurant of $44000. An estimate therefore of current F/Y income from restaurants as £55000. This would assume no other income and no increase in advertising. We could expect improved yield from restaurants going forward. £98 represents (assuming two persons per sitting and an average of £0.75 per person ) about 65 bookings per restaurant over the six months ie less than three per week. There is obviously considerable scope for improving this yield and with possibly 7500 restaurants eventually, I would imagine that profitability is achievable.
Target 91 in next 7 days could be working days so not promising 435 by end of this week. There will always be a lag between sign up and posting on App, though it could reduce if turnaround is speeded up.
Do you two have nothing better to do other than post reams of drivel on this board, do you not have work to do even housework or gardening if you are unemployed. Most of the criticism you raise have been answered numerous times by other posters yet you keep going on like two broken records.
Why locations with only one restaurant , we would all like 50 in every location but that is not doable overnight. As someone who lives at a location not yet covered I am eagerly waiting for the opportunity to use Bigdish even if for a time there will be limited choice. We do not all live in a large metropolis. Finally does anyone still use websites for restaurant booking when a smartphone App is far more convenient. I would have thought Art and B'zup would be up with the times in this respect. I would imagine the company are aware that getting the App slick and attractive is of greater priority.