Member Info for havealot

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.

Restaurants 595 ie plus 20 for week so far.

Discoeats have 99 in London on my count. Fake news!

Agreed, locations are OK, the man/woman does not know what he/she is talking about as usual.

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.

Reading and Malvern added.

Art/Bottmzup

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.

Dewsbury, Llandovery, Surrey, Winsford added +1 each.

Derby added

Fleetwood and Thame added.

I missed Blackburn added today also. More in other locations current total 283 I think. One loss in Bristol?

Bushey and Watford added one in each. Though I would have included both under watford.

Soulboy

Many more shares on issue now as a result of dilution.

'A fund raising before June 2020 looks a certainty unless very, very rapid progress is made with sign-ups'.
I fully agree with this statement made above. I estimate with running cost of £1.5m pa excluding promotion costs it will require a minimum of 1500 restaurants to break even. If this number is not achieved by FY end (March 2020) then fundraising and dilution is inevitable.

The question here, and probably depressing the SP is whether VOG are going to need more funding/dilution. Assuming payments from ENEO are received without further delay, they should have around $5m operational cash flow this year. They then have update to processing plant and Well 108 recovery costs to fund which are unknowns. They may well have payments re legal case. It could be a close call and that does not include an Matanda obligations further down the line. I do believe that we now have better management in place. Hopefully we have seen the worst here.

It wasn't the EU in 1974, it was the Common Market with a few west European countries as members. EU is a completely different animal.

Concentrating on signing up restaurants is fine, but without punters ie App downloads in the respective areas it will be a waste of time Ie restaurants will get disillusioned and drop off the site . Bigdish will need to promote their App in the respective areas to get punters onboard. To what extent Bigdish are advertising is not be clear. They only have limited funds available which will restrict their promotion efforts and hence their rate of growth. Restaurants are obviously interested in the concept otherwise would not sign up in the first place. The attractiveness of the business model will be dependent to a large extent in the variable/fixed cost proportion of total costs. This could vary from region to region to region, country to country and could explain why this model has not been much of a success in the Philippines.

Cannot imagine why they chose to halve dividend and buy back shares. This was an income investment for many investors. If I was cynical I might suggest increasing earnings growth is better for directors bonuses or share options. Only surmising.