Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I see that once again misinformation is being spread in this chat room...no mafia involved. See this article which talks about Rodriguez who owns 30% of JVC and will lead product and commercial development, and will initially hold the position of CEO of the JVC.
http://peopleasia.ph/archie-rodriguez-a-matter-of-taste/
This article mentions two others: Miguel Zubiri and Jean Henri Lhuillier. Zubiri is a senator and Lhuillier is a billionaire. Key message is the co have some very successful partners.
http://legacy.senate.gov.ph/senators/sen_bio/zubiri_juanmiguel_bio.asp
I have been investing in US hypergrowth stocks..v pleased...I just thought its worth giving the new strategy the benefit of doubt...I don't blame Co changing strategy as pandemic was a a huge curve ball..prior to pandemic things were going well finally..anyhow, strategy completely changed
You should all follow @MatthewMcCall on Twitter and his YouTube "Moneyline"....best to subscribe to his monthly but expensive...his focus is on early stage growth companies that fit themes such EV, AI, biotech, future of healthcare Transportation 2.0, Solar etc...I'm making v good money nowadays since I switched from AIM...his one UK has been and still is ILIKA ...I'm on Twitter @MonteithNick...sometimes I will mention stocks but recent ideas as unfair on subscribers.
Sad about Bigdish...I still monitor but it was clear things weren't going right so I exited around 2.25p...it may be turned around but who knows. Good luck to all.
No. I'm not invested at the moment but keeping a watchful eye on proceedings. .at the moment been investing in numerous US early stage growth companies..am not really hearing much if anything from Aidan as was the case in the old days
The fact is big chains are joining the app. They obviously like it. Why pay 30% commissions to Deliveroo etc..bigdish will be much lower cost and it makes sense to not charge anything in the short term to gain traction and onboard the restaurants and chains...and appears to be working.
a SaaS model shifts primarily to a B2B model for restaurants to use as they wish to their existing and new customers. Also the restaurants will be able to have delivery and pick up on their own website (powered by bigdish) and later dish will add reservations.
So restaurants have complete control as to how they want to engage and DISH take zero transactional fees or commission
Dynamic pricing hasn’t disappeared but it is now more flexible and DISH
are not trying to shoe horn restaurants into accepting a set of rules.
“The pricing strategy of the SaaS model has yet to be determined, as this will be partly determined by the functionality of the platform as it evolves.”
"“The key advantages for a restaurant are:
-- No commissions or transactions fees but rather a fixed monthly fee;
-- The merchant owns the customer relationship;
-- The merchant owns the data; “
Marketing and SaaS models.....
Dish will be more of a b2b platform which is why we will enable restaurants to receive delivery and pick up orders on their own website not just on bigdish app and later reservations.
the onus is on the restaurant to use the platform as they wish. A transactional model makes money from user activity and as such needs a big marketing budget eg uber, Deliveroo etc. SaaS model don’t need that
So restaurants are more likely to push bigdish to their customer base coz DISH not taking a percentage of the bill. For examples if I am a restaurant and my customers are ordering via deliveroo and i am paying 35% i have every incentive to steer the traffic to bigdish or to my website with delivery powered by bigdish and save the 35%.
That is why a SaaS model gives the restaurants the tools to engage how they want too and when they want too
DISH will of course still have the app for consumers but now consumers will have more reasons to use bigdish and not just booking a table with a discount
So marketing is different
With regards to charging fees there are a number of points to consider: 1) DISH are migrating to a SaaS model which means disabling the billing server and developing a new one; 2) everyone knows revenue is negligible and as such isn’t material at this point; 3) DISH want to generate as much goodwill as possible with restaurants to firstly bring existing partners back live and secondly whilst they fully develop the SaaS model generate goodwill and valuable feedback; and 3) they have stated that they have sufficient runway to the end of the year and did not assume any revenue generation into that assumption so the statement doesn’t need updating.
Costs go down with a SaaS model versus an aggregator model. For example the SaaS will give restaurants a white label of the technology on their own website and not just on the bigdish app.
Restaurants are in the driving seat with a SaaS to empower their customers to book a table or delivery or pick up via their site or bigdish. The SaaS places greater emphasis on the restaurants using the platform how they want to use it.
A great example in the USA is Chow Now. They have a SaaS delivery model. They have 14,000 restaurants and spend zero on marketing to consumers as they empower the restaurants to reach their customers in a way that they want too..Digest that last point again - 14,000 restaurants on Chow Now are paying a SaaS fee with zero consumer marketing paid for by Chow Now.
The change of strategy at DISH can simply come down to solving two problems - 1) restaurants have too many devices and platforms that they need to run their business and 2) consumers have different food apps for different things. SaaS and increasing functionality seeks to address these problems.
They have not abandoned yield management - it is still there but with greater flexibility without ‘forcing’ a restaurant to do something...“.... many apps within an umbrella app, as a complete dining solution”