Paulypilot.15 Feb 2020 16:28
His view on dish.
Very good to see the locations growing fast on the app.
Last year's price surge (and then fall) was based largely on hope. Whereas this year, we can see genuine progress on the national roll-out, and quite rapid too. That feels a much more solid base to me.
A city friend attended a tech conference in London last week, and told me that there is vast money sloshing around in VC/PE funds, who are paying crazy valuations for rapidly growing tech startups. For this reason, I reckon DISH is not likely to have any trouble at all raising more money later this year. Not from the stock market, but from those kind of strategic investors. After all, DISH managed to raise £2m last year at 7.2p from a US family office, which was quite modest dilution for the rest of us, so well played by the company.
I'm not interested in the mistakes made in the past, valuation of the share is all about the future, which is looking better now than it has at any time previously.
Well done to the new CEO and telesales team, they've clearly made a good start.
How to value this share? Absolutely no idea!! But I'm going to just run with it. Ever increasing restaurant numbers is a good driver for the price, and I really don't see another fundraising as being a problem, because the rapid growth tells a bullish story to investors - especially tech investors, who understand the potential value in the customer data.
Regards, Paul.