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Ap, come on mate...it's becoming dull...you have made your point.
Anyhow, RNS stated "At 30 September 2019 (interims reporting period date) the Company had total cash of GBP 1,288,666 and immaterial cash liabilities. The new strategy will result in substantial cost savings well in excess of GBP 250,000 per annum. A new budget has been worked based on the most conservative basis possible. The Company has sufficient funding until the period of the third quarter of 2020. This has been estimated using purely a cash burn assumption - the most pessimistic scenario."
And if by the 3Q next year the new team replicate their performance at Tastecard etc here and get 1500 plus restaurants on-board then the sp will be multiples of where we are now and I wouldn't mind another placing for further expansion capital...this thread is for sensible debate not outright deramping nor ramping.
Strange how posters here ignore the fact that he was behind Tastecard's growth...one can always dig up dirt if one searches hard enough..re the restaurant that I introduced to bigdish , the reception manager had never heard of bigdish when I went to eat...however, I discovered that the owner of the restaurant confessed that she had forgot to tell the restaurant manager...these things happen and it wasn't Bigdish fault..the owner had said she would inform the manager...if an ordinary punter had gone to eat the restaurant there would have had bad review...it is really pathetic now how desperate people on this bb have lowered themselves to. It used to be intelligent discussion but now it's just digging up any dirt.
Imo I don't care who is CEO so long as he has proven himself elsewhere and gets the job done...no need to have an old CEO...younger the better I believe...more hungry to do well. On Sanj, we will have to see - main asset are his connections to the chains...
Ronnie, my understanding is the new team will be moving into a serviced office at beg of Dec...so it probably is a Regus type place where everything is included...so no delays expected..I would buy mate....we have had the rinse today of the short termers offloading
ART, it's time for you to move aside and say goodbye..nothing will ever please you..you are a sore loser...anything is better than the failed TMs...I much prefer this telesales approach which worked elsewhere....anyway, your reaction today is a poor one and you have lost a lot of credibility in my eyes.
Well done bigdish for a great RNS
An excellent RNS !
- A new CEO who helped transform Tastecard and Gourmet Society. Sanj Naha to stay on in new role acquiring chains and integrating the technology with ePOS companies
- A move away from the failed Territory Manager approach to a proven telesales approach..proven with with Tastecard etc. The Brighton and Birmingham TMs to stay on.
- The cost of the telesales will be "considerably less" than the TM approach.
- Cash position as at 30th Sept c. £1.29 million and new strategy will result in cost savings of approx £250,000 per year. Cash position sufficient till 3rd quarter 2020.
- Tech team to remain in Manila
- Bigdish app to be made more flexible with more discount options and ability to book up to 7 days in advance.
- A premium product with different revenue model will become available in 1st quarter.
All in all, I feel today's RNS addresses many of the concerns that people had regarding slow restaurant acquisition, the need for a new CEO and keeping Sanj on-board and making the app more flexible..a win win in my opinion. The shares have to be a Strong buy
https://twitter.com/aidanbishop70/status/1193930204349161472?s=19
Something is afoot
Why has Aidan and co lost interest? ART, you wanted him off interviews, off twitter etc. Art, u r schizo.. you are wrong about suggesting moving the Tech operations from Manila to the UK given the fact in the Philippines it's much much cheaper to run there then run in the UK
Stix. To answer your question your answer is yes definitely that is why I'm continuing to buy. I bought a bit more this morning and my holding is now up to 3.5 million.. I'm not buying anymore everyone else has had huge opportunities to buy as well