Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No problem with merger. But why consolidate. My experience of consolidation is that it invariably leads to a reduction in the consolidated price over the subsequent weeks. I cannot understand why company management get sold on this idea.
Any real time test would have to be 100% accurate ie no false negatives. Even if this is technically achievable with your product how do you demonstrate this to the satisfaction of the regulators. I would be interested in Mr Brandon's take on this.
Has anyone tried to use the delivery option. When ever I try using a London postcode I receive the message 'no restaurants deliver in your area' . Tried a number of postcodes same message.What is the point of launching a 'beta' software which as no utility. Will just put users off. I tried Downing Street postcode and obtained message 'invalid post code'. Boris will have to get on his bike!
Any of you tried using the Bigdish App.
Meant to be end of July launch of 'Bigdish-to-Go'. Wishful thinking on behalf of management here (just like Boris's Test and Trace). Software platforms do not get created or modified overnight especially when management is in UK and workers (programmers) are in the Philippines (presumably working from home). Communications must be difficult to say the least.
The issue here, is how do the local authorities get water testing infrastructure in place. Also getting from a few trial successes to a production system could take years. The Covid is unfortunately here and now.
My problem is I do not see what they have delivered so far. Yes they have linked their App to a number of restaurant chains own websites. But this is hardly rocket science, just a few lines of code, nothing to do with SaaS. I wait with interest to see what 'BigDish-to-go' adds to the party. It is not as if BigDish are providing a complete booking software package, which restaurants can lease as an SaaS package, restaurant chains have there own arrangements. Or am I missing something here?
Whilst agreeing that timing is everything, one can hardly say Bigdish has timed it right when they have wasted two years and millions of pounds getting to their new business model!
As far as the chains are concerned, Bigdish App takes you to the restaurants own booking system. If I wanted to book an Harvester meal why would I waste time with the Bigdish App, quicker to go directly to the Harvester App.
Eatigo had first mover advantage and was generating substantial revenue unlike Bigdish which is currently acting as a charitable organisation. In fact I struggle to see how the auditors will be able to sign off the annual accounts on a 'going concern" basis without a substantial fund raise. Bigdish are just demonstrating they are able to deliver a viable business model where is Bigdish to Go for example due at the end of July! To deliver the SaS model and the other promised changes will require substantial software effort, I am far from convinced they have the in house resources to deliver on these promises
Under proposed relaxed lockdown rules, NZ restaurants are moving to home deliveries. This is relevant to BigDish as NZ are ahead of the UK in Covid -19 recovery cycle.
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12325611
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 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.