Given the surprise RNS on ii funding my guess is next RNS on partnership will probably be Monday...best to spread out the good news...anyhow, they did say "around" the 7th...I maybe wrong but that's my guess...in a way, I would rather prefer a fresh new positive RNS at the start of a new week
Remember just to reach Tastecard's valuation of Â£100 million which they were bought out for, would imply a share price of 32p for bigdish ..and remember that Tastecard's subscription based, fixed discounts model is inferior to BD who are offering dynamic pricing one where the diner pays nothing to use the app and the restaurants only pay Â£0.5 to Â£1 per seat booked depending on size of discount they offer. So it's v easy model..the CEO has already indicated that they are targeting Tastecard 's 6000 restaurants but their initial conservative targets are min 200 restaurants per territory of which there will be 10, so 2000 restaurants..v conservative forecast particularly as now they have extra money in the bank from the ii placing today which will accelerate the expansion.
Therefore, I see a potential share price well north of 32p...to be honest, anything is possible in terms of upside...if the ambition is there, and I sense it is definitely after meeting management twice, why can't this share price really love...look, Just Eat came from nowhere and listed with a valuation of over Â£1 billion..yes, admittedly they weren't a start up on listing obviously but at some stage in their brief history they were a start up...I say all this cuz we can all get nervous about how much the shares have risen so far..I too have been and top sliced and bought back that top sliced portion..BUT we should really be looking at the future upside...I remember I used to have shares in Telecom Plus at 30p and sold at 80p and now they are Â£14..I know there are many examples..in any case, believe in the management to deliver. They haven't let us down yet. Also Sanj Naha has proved himself at Bookatable and TripAdvisor transforming their platforms.
Aidan was v clear on that interview..with this additional money they can now accelerate the customer acquisition i.e. the diner plus spend on increased functionality...all good stuff...
As I wrote earlier today guys can smart that he promised no need for funding and yet he did...he again repeated in today's interview that co was funded for current strategy but when someone approaches you offering big bucks at a good price, and 7.2p is a v good price given that we were at 2p not so long ago, you take it..in a few months time, those funders may not be be willing to offer so best to take when offered...makes a lot of sense..
I am buying...short term valuation are meaningless with tech...the market will try to discount the next 12 months..our market cap is in the £25 million area vs Tastecard sold for 100 million and latter is an inferior business model. Bigdish now have extra cash to speed up the expansion..they had enough already for the rollout but when someone comes begging to come on board offering you extra dosh and you know you can speed up the expansion you are not going to turn them away...this is a stonking buy...I'm not ramping ...I'm being realistic...I bought some alas at high of the day...but who cares given long term potential
Someone posted this on ADVFN:
"You cannot build a significant business on just 141 live sites....
These guys have to drive restaurant sign up's quickly from here, and they have to hold onto sites to be successful.
I cannot see Dish being a 'Buy' until they significantly more cities and restaurants live and they prove their model works."
"You are thinking of excuses not to invest. By the time the company succeeds in fulfilling your wishes the stock will be significantly higher. The model does not need to be proven in the UK because it's already proven abroad both in Asia and with TripAdvisor's The Fork. Get on the bandwagon and don't worry about short term issues...you obviously haven't done your research as u clearly say that the model is not proven when it has been abroad and in the uk. It was proven in the UK with Table Pouncer who bigdish acquired."
Someone on advfn was concerned that no of restaurants showing on app had gone from 140 to 147 a week ago and now 141...Can we finally nip this in the bud once and for all
The simple answer is seasonal factors - some restaurants during busy summer periods will no longer want to offer discounts in which case as part of an account management review bigdish temporarily remove their listing from BigDish until their busy period is over. So restaurant numbers on the app are "live" but the signed up number could be more..only restaurants willing to be "live" and thus offer discounts will appear on app. If they are not there it doesn't mean they are not signed up.
I know that bigdish are also constantly reviewing restaurants to ensure they deliver value for money, quality of food and service excellence. Failure to do so via feedback from diners may also result in a restaurant's removal from BigDish.
So don't read too much into up and down fluctuations over a short period..
I hope this helps.
By the way, annoyingly, I bought back a very small part of my top slicing today. Drat triple drat...lol
Stout, u obviously don't understand investing in tech...Shares generally discount ahead and this is what the market has done...if you wait to see the official results then you will have missed the boat..read the link I sent the other day on this...I substantially top sliced today above 8.2p. Nothing goes up in a straight line...I maybe wrong but I'm looking for a short term set back to buy into...it's not overpriced...it just overbought short term..there is a subtle distinction
Beep, good luck. My vision of short correction not happened yet. I was hoping to buy more into that short-term correction and because the stock is very overboard but then there is a lot of news coming through which may propellers even higher
This just rebutts those who say that share price rise is false...well, the rise is supported by the facts that the business is growing and users clearly like the tech !!!! Furthermore, the rise is starting to discount the future too. People who continue ask for cash situation and financial numbers don't understand investing in tech. Amazon didn't turn to profit till about a year or so.
In little over a week bigdish app has increased from 179th to 99th on App store..an increase of 80 places. Bookatable by Michelin is 55. Sanj used to work for Bookatable and they had similar no of restaurants when he joined as bigdish and he then took them to several thousand...guys, we are on the rise..soon everyone will know us and the sp will be multiples of where we are now
A V bullish...regular RNS s will come out...I get the v positive impression that a lot is going on behind the scenes which is good....downside on sp may prove v short term which is annoying as I top sliced today with a view to get decent downside to buy back into