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In the 4-6 weeks leading up to each event Bigdish get personally introduced to the finalists so those are likely to be good restaurants
In addition they will market the co to their database of restaurants and consumers
+ don’t forget to read the part of the RNS about trialing a group and how it works ie trial to pilot to rollout..
This collaboration will certainly help the rollout...it cannot do anything else
Drax, you are absolutely right re Brighton but, as i tried to explain in my most recent long post, these are the trials and tribulations we all have to accept with a very early stage growth company trying to find its feet..they could have stayed private..they went public early instead..great cuz I can buy v cheap prices but have to accept the ups and downs in my blood pressure along the way..relax...gla
Drax, I'm surprised at you...I thought u understood model...summer months is peak time and restaurants don't, repeat DONT, want to offer discounts and hence be on the app. Surely u can understand this ! I hope also u understand all my previous posts over last few weeks explaining what's been going on in T1 and T2 etc...anyhow, I really don't want to repeat all again.. just remember u r investing in v early stage growth company so put up with the ups and downs...it's normal
I think we all need to take the following into account...i quote what foolsgold07 on LSE wrote and he is right:
"The company is implementing a business strategy which is in keeping with any small
embryonic entity at the beginning of its Life,,,,,
A) A small number of restaurants per city
B) Ensures costs are kept to a minimum, retaining working capital levels
C) Ensures any IT problems are more easily rectified.
D) Minimize any potential customer problems during implementation period.
E) Increase staffing levels gradually (with new territory managers) as and when
business justifies these needs.
F) Then nationalize in accordance with Business plan later this year."
All the issues which we all talk each day would be hidden from investors' sights if they were a private company, not public co. I'm sure Just Eat in their embryonic days long before IPO had issues..if they had gone public long before in setup stage I'm sure we would all experience similar anxieties etc...I think we all need to accept that bigdish listed very early in its growth and hence we should accept the pains associated with that...I can only speak for myself but I'm glad that I have the opportunity to invest in such an early co..otherwise, they would stayed private and IPOed at £1 etc...furthermore, the company are very forthcoming than most management at other companies...they are looking at setting up a bigger message group cuz max 50 on Twitter is too limiting.
I was chatting with the company this am and here are some key pointers:-
The reason for starting with 5 is purely due to Sanj having to do Brighton himself and he wanted to experiment with finding a couple of restaurants that would serve to attract. There are actually another 10 or so that will join us but wanted to after the holiday period.....
Sanj is overstretched with recruitment across the UK, being in T1 and 2 weekly, and having to sometimes go to brighton. He was in brighton all day yesterday visiting the restaurants and showing staff how to use the restaurant manager app.
There are no issues in Brighton. Restaurants like it. Brighton has a busy tourist trade
The marketing person DISH currently have is for SEO, building blog and restaurant partner site UX, liasing with bloggers - DISH have over 30 articles ready to go. Email marketing and various other aspects that are also tech dependent. The co currently have 7 persons in the tech team. We need 6 more. 1 is starting on Monday for QA....
They are also looking for someone with consumer e-commerce server experience
Yesterday they had more eyeballs on the app at one time than ever and it affected the servers so they need this expertise.
There are some speed related ux fixes being prepared in addition to this
They can only be deployed when the senior QA person starts
The tech team will be 8 on Monday but needs to be 13 to 16
I asked about TR1 issue. TR1 issue. It is the responsibility of the investor to do a TR1 not the company. Dish cannot force anyone. Most shares are held by a custodian unless in certificated form so in looking at the shareholder register you see the custodian not the shareholder name. They do have american custodians on the register.
I got onto subject of share price volatility. Their response was along these lines. They understand that the nano cap space is very jittery and short term. As a company they are not here to entertain. They are here to build a brand and a business. They think many private investors are looking at the wrong things and too short term. They would encourage everyone to see how things are looking 3-6 months after all TMs are in place and once they have a full tech team
The business model is not unique to bigdish - its tried, tested and proven.
Now the co need to make it work for them and they will.
Aside from tech they are also recruiting in manila the following: graphic design, Increasing the restaurant onboarding team and first responders customer support team. Everything as in everything needs to be able to handle scale.
To give an idea of costs in manila..a new developer c $800 per month. Senior developers c $1800 to 2500, graphic designer c $700-800 and restaurant on-board team c $500-600 per month person and there will be another 2-3. Thats why we are there. They have 120square meter office in one of the best buildings and they pay $3,000 per month..keeps costs down to a minimum..
I hope above is all helpf
To add further balance to misinformation being posted today re the 5 Brighton restaurants here's a bit more:
Manjus Indian restaurant is ranked no 1 in TripAdvisor Indian restaurants in Brighton
and Moshimo see link below
No Art, I'm here...I think problem was they were trying to launch Brighton without the territory manager in place...so Sanj was doing it along with all his other duties..it will scale up when Territory manager 3 is on board from 5th Aug
Imho I think 4 to 5p is the accumulation zone. 4p is strong support on chart now as that was earlier peak when we were going sideways.. anyhow think about this - does it matter if it's 4and 1/2 p 5 p 6 p 3 p if at the end of the day the share price is going to be multiples of where we are now with 10 territory managers or 13 territory managers on board from September and restaurant sign-ups gathering pace. I think we can all get spooked and mesmerised by short-term volatility ignoring the bigger picture down the road. There have been so many negative rumours around in recent weeks concerning restaurant sign ups and that maybe restaurants don't like model. I actually told u the reasons a) seasonal factors- restaurants don't want to be live on app giving discounts during busy summer season and b) before the national roll out bigdish wanted to halt signups in T1 and T2 to focus on account management and iron out any issues first..this was confirmed in yesterday's RNS..this all makes sense..no point running before you can can walk! I would hate issues to arise during the rollout but I'm sure there will be but if there will be any they will be greatly reduced...September onwards will be big ! All territory managers in place by then..Celebrities (Brand Ambassadors) will have skin in the game too. New website for restaurants to self on board too..moreover, people have overlooked this, not one of the board of directors are being paid a salary..their exposure is via shares so they are all aligned perfectly with ordinary investors...so they are hugely incentivized to ensure the company and stock price do well. The CEO, Sanj, so I understand, is paid a salary and I don't think he has shares..no doubt, he will be given options..anyhow, my view is these shares are an outstanding buy..don't forget we all have opportunity to buy into potentially a major growth company around £15 million..alot of these growth companies, like Just Eat, came to market when the majority of the ground work had been done and in just eats case over £1bn. Bigdish bravely came to market very early in its growth and thus has to put up with whingeing moaning private investors in the meantime...Buy buy
Once again ART shows his ignorance of the restaurant industry..during summer and Xmas periods, when restaurants are busy, they don't want to be offering discounts live on the app..Hence the drop off in numbers..very normal..plus, why the territory managers have not been signing has been explained before and in today's interview too...if u don't like the company, ART, then please go away...you are just a short term trader