A great early stage growth company6 Feb 2019 12:42
- no imminent placing. Chairman has made that abundantly clear recently. No doubt, selling off Asia will give good cash. Medium term, all growth cos need cash so no bad thing so I think it's wrong to get too hung up on it
- Companies in EU interested in deals,
- focus is on UK 100% thus aim spin off Asia.
- Current revs is fee per diner seated but don't focus too much on revs at this stage.with early stage growth cos best focus on market fit, product, user experience & revs will flow from all that . Remember Facebook paid 19 billion dollars for WhatsApp yet WhatsApp made no revs then
- Also scope for increasing pricing with possible premium slots, monetise data and maybe go into food tech on payment side.
- Tastecard bought for 100m yet #DISH only 6m but more dynamic model
- New CEO ex Bookatable and TripAdvisor with great track record of growing no. of restaurants on platform..Best buy into his experience now when sp is low. They plan to breakeven in 2h of this year in first two territories.