Member Info for Scottman72

Updated calcs based on latest info.
Taking off the exceptional diamond sale ($190k for 24.9ct), the price/ct reduces from US$430/ct to US$358/ct. A slight increase on previous prices achieved. Updating the expected prices based on this rather than US$340 produces: -

2019 11,900 to 16500 carats at $358 per carat -> $4.26m to $5.9m income. -> £3.28m to £4.5m
2020. 16,200 to 21,500 carats at $358 per carat -> $5.8m to $7.7m income -> £4.46m to £5.9m
Asssuming exchange rate is 1.30
So at market guidance of 40%, these figures reduce to potential Mcaps of
2019. 1.31m to 1.8m
2020. 2.32m to 3.08m
With resulting share prices of
2019. 0.081p to 0.11p
2020. 0.145p to 0.19p

So slightly better than before. Potentially close to doubling if all goes well by the end of 2020.

They were saying "no intention to raise" before both of the last two. Means nothing

If I remember correctly, they stated that the funding from the last raise 'should've see them through to profitability. The inference being that if things go to plan they shouldn't need to raise again. But at the same time doesn't rule out the possibility if things dont go to plan.

I'll provide a reevaluation on expected market cap later. But on initial glance nothing unexpected apart from a slightly higher value per carat. Question is, can this be maintained in a diminishing market?

Good idea.
They would actually have a better chance with that as they have no real cost per seat so any income is a benefit.

OMG

How sad is this. Someone expresses their opinion and details their evidence backing their stance and others take a hump, provide no real evidence to counter an objection to their stance and then complain to the FCA for someone stating the obvious against the precious company they've invested in. I'm sure the FCA have better things to do and most will recognise someone texting to make out someone else's comments are lies inaccurate or misleading when they clearly aren't.

Totally agree ART.

One of important aspects of investing is to take stated company build up and direction with a pinch of salt. What matters is what the company actually does not what it says its trying to do or expects to do.

DISH is currently failing on all fronts.
- Failed restauant signups.
- only small numbers transfering from pouncer.
- delays in important signups.
- Asia buisness in discussions for sell off.
- etc.
When you look at the model, half price meals for most restaurants means you'll be paying about £7-£8 for the meal plus a pint and DISH takes £1 per seat. That's most if not all of any profit so leaves the restaurants virtually nothing. So hows that actually going to work?

As well as other aspects such as player location related ads, short run time ads, variation in ads shown, etc, etc.

Thanks UT, wish you guys all the best too. Hopefully will fulfill your expectations.

Was about 8.5m

Ang, your point is???
UT, yes now invested in better things :-)

Now +9%
Can it hold this as part of early trading or will it fall back a bit?

Monty, what makes you think I don’t do my own research?
I certainly don’t take gossip on BBs as fact, such as unproven models being stated as proven.
When DISH moved over to their current model they hardly added any restaurants to their signups from their subscription based signups. This despite claiming the regions they were in were ideal for this type of model. On top of this they have also in discussions to sell parts of this business. If the model works in a region it’s been run they why even consider selling?
The model has not been proven as well as takeup. If this can be shown within the reports the business will likely fail and as such will be viewed as high risk.

Rave, don’t worry. As we have pointed out before reports are always important. Particularly now when DISH needs to prove that both the model works and they can fulfill on their objective of getting restaurants to sign up. Both of which currently appear a bit lacking. This is the reading I believe JW sold his shares. Currently there is too much risk as the signs are that all’s not going to plan.

Don’t worry Roth. Based on the 2018 report, spend to q2 2019 shares are predicted to drop further. With annual expenditure expected to be in the £3m to £3.5m region BRD won’t be profitable until after 2020 on the current expected returns from production. Expect the share price to drop further into 2020 and only pick up if they can mine at a rate of at least 50% more than current expectations.
Rule of investin, never invest in a startup company until they have turned profitable.

When I sold half my shares I almost sold them all. Should have gone by instinct. All be gone on Monday

I’d say he’s alluring to the potential for BIDS to rise on opening Monday.
No doubt say something in his vid.

Not a good report. Does not convince me with the INCREASING burn rates that this will ever be profitable without a significant increase in throughput.

So no 2018 final year report yet :-O.
Only tomorrow left to issue it.
Cutting it fine.

About to start dropping