Member Info for Hitthattarget

They are negatives but negatives that were already known before this rns.

True, the problem for me now is the bar has been set so low that my expectations are minimal. I’m hoping James has learnt from his mistakes of last year and isn’t relying on a last minute cash in hand deal.

Warrant, I think break even would be unrealistic, in my opinion.

I would be very pleased to see revenues for the year being around the £3mil mark (and that’s very pleased based on historic evidence), the probably leading into 1st half of next year hit month on month break even.

But I don’t think this would satisfy the market so I’ll be looking to top slice on any spikes following the fundraise

And the key to point 1, they appointed stifel for a reason, this isn’t some small junky broker.

This is an international broker, if they can get a fundraise done at a reasonable price, then that will do us the world of good. There will be dilution, but it’s necessary in these instances, it’s dilution or bust. I don’t like dilution but I’ll take it.

Warrant - this is his last chance saloon he needs to deliver in 2020 otherwise I feel it will be game over for bids.

But like a poster said earlier, what is “material” is it £500k, £1mil, £2mil.

I’m sure we all have different thoughts on what material would be, but for me, this shows progress:

H1 2020 has revenues higher than full year 2019. Okay that’s not huge, but at least it shows progress.

The chancers, I don’t get why it would now be shorted? Is there anything new we learnt from the results, we already knew cash balance and profit for full year, plus confirmation that they need to raise cash, which everyone knew anyway (except count for some reason)

I don’t really see anything new in the annual report

Jsmith the problem with takeaway and comparing with deliveroo is the delivery side.

If dish offer discount on the food then expect the restaurant to deliver as well then where is the money made for the restaurant?

If it’s takeaway and the customer has to go pick up the food then that could work.

The alternative is dish do the delivery but don’t think the 50p per order would cover the cost of this

Quick maths for Ronald. If someone is down 50% in a share it will take a 100% rise to get back to break even, so a 2% rise will mean another 98% to go.

But being a seasoned investor you know all this.

Lumen aren’t just some small research company, this part of the rns caught my eye:

Lumen Research's clients include a number of FTSE-350 companies.

So intrepid/winnifrith questioned the independence of the research, and bidstack answered that they paid for it.

That’s why it was released.

Lol £45,000 in big dish. Which means one of fout things:

- you have a portfolio worth £2.5million
- you’ve never heard of asset allocation and have put all your eggs in one basket
- you are Paul Scott
Or the most likely
- you are talking complete bull****

6th June RNS: Further to the announcement on 30 May 2019, BigDish was approached by an institution to provide an offer of significant expansion capital. Whilst already being funded to execute its current strategy, the Company felt that this additional capital could further accelerate BigDish's growth beyond this.

21st June: BigDish has received the £2.1 million from the placing, directly from the investor, a family office in California, USA. As previously announced, the Company is fully funded to 2021. This will transform BigDish from its current eight locations to being present all over the United Kingdom.

Annual report cash: 43,504
Interim report cash: 1,296,042

12th November RNS: The Company has sufficient funding until the period of the third quarter of 2020.

Most recent rns: The Company has determined cash preservation is of paramount importance in this challenging environment. As such, immediate cost reduction measures have been implemented. Based on current information available it is expected that the Company has sufficient funding runway until the end of the year. This is well beyond Q3 according to previous guidance, and should reassure shareholders in the wake of recent pandemic related events.

Wow, so didn’t need cash. Was a lie.

Fully funded until 2021 was a lie (although is now true due to Covid)

But we are in capable hands. That’s good to see.

Trump, those funds raised last year, are they the funds dish didn’t need, but when the accounts came out showed they only had £50k left?

Yeah I thought so, very capable and trustworthy hands.

It’s potentially fair value, £4mil market cap, will allow for growth.

But until they have cash this is going nowhere, let’s say they need to raise £5mil. They will do this at a discount, possibly 0.75p. Which means an additional 666million shares issued, giving a total of over 1billion shares in issue. So for dish to hit the heights of 9p it would need to be a £90mil market cap company.

Once this raises cash we could see a good rally but it won’t get anywhere near back to the 9p price we’ve seen previously. Until it gets that scale required

That is some severe dilution, cash will last 9 months.

Trump, it’s for restaurant managers to be able to manage and view stats for their bookings.

Not for self sign up and hasn’t had any updates to it in 5 months. Something Tom doesn’t see as a priority I guess

You said “the self sign up” quite matter of factly as if it already exists.

It is a good idea and would help, but your whole argument so far hangs on a functionality that doesn’t exists.

The positives behind dish is the tech. But the longer the current conditions go on for the less money dish has and and worse the fundraise will be for investors.

On the flip side, if restaurants open up quickly and dish gets the funding sorted and traction on restaurant growth then the investing opportunity here is strong as the change in management seem to be moving things a lot quicker then the old one (is sanj still being used or have they finally cut ties)

There you go, nice balanced argument.

He invested his own money because there was a gap in the market and the tech itself is pretty good.

But, coronavirus has smashed a big hole in any plans dish had of growing.

The story has changed a lot since he invested his own money so you can’t base it on that, otherwise every single business would still be running as they started on founders money.

Good debate today Tanya, you really provided some interesting views which I hadn’t considered

In that case if people are queuing there is no need for big dish.

Sorry Tanya, let me try and get my thick head around this.

Big dish put “seats on bums” when restaurants are quiet. I.e. discounts at quiet times to attract more customers.

You’ve just told me people will be queuing out the doors for restaurants.... doesn’t sound like busy periods to me.

And I disagree that people will be queuing out the doors, I think a lot more people will be hesitant to get out and about. It will take a while for people to be confident to go into busy places