The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I suspect still a bit to clear on placing but highly irrelevant by the time news on receipt and acceptance of JDA by all parties that Hanno promised to RNS. Even if the RNS hits mid May which I suspect it will be 2-3 weeks for all parties to review the final draft one last time. Remember this is a binding terms sheet. No mistakes made here. A few weeks wait will allow final churn of placing shares, mid 7s a great position to launch past the 10pps.
Standard ART. Have you got Deliveroo JustEat or UberEats? Numbers fluctuate all the time! Restaurants come on board restaurants leave, some restaurants ammend the hours they’ll accept orders. Some restuarants don’t even feature yet their open on the high street but will come online one day a week when not busy. There’s always a core number. Please be objective. Your concerns have been answered but your just repeating the same argument again and again and again and again. I’ve called you and your multiple account attacks on this BB bang on - your secrets out. Please just stop now.
Looking good! Great price action today off the back of some great interviews on Vox and Proactive. You see folks, the derampers walked it down. Buy in and then vanish. They know the score here. They’ll return once they want more. Such a shame and pretty disgusting behaviour. Thanks to Monty and Angela and Beepo and others for fighting the corner and stating the facts so newcomers don’t get dragged into the nefarious posts of those accounts. Recent updates from Aidan and Sanj have really given optimism and clarified a lot of the doubters and lingering questions. Roll on Q4 2019, can’t wait!
Aidan will be on Proactive again this Monday according to Andrew Scott. Scouting for questions as well on Twitter. Yes, getting that figure to on current revenue. I make at a minimum 130 Restaurants x 5 bookings a day (average) x 2.6 average booking seats x 6 day opening (average) giving potential low estimate income in excess of £400k annually. With Aidan’s and Sanj’s rebuttal to funding and cash balance worries all appears well. Imo the roll out wouldn’t happen if funds so tight in respect of taking in additional staffing. They must be confident on current feedback and numbers to take on additional staff. Two new locations coming online end of April/May and Brighton in pipeline. Sanj at the Sharetalk event mentioning big cities up north as not too far away and in plans. Looking good.
I’ve answered all your points August 2018-Jan 2019 has been woeful Late Feb 2019 onwards good progress 116 restuarants My point is repeatingly posting that your ‘pointing out realities’ regarding slow progress obviously serves a purpose. What’s your average for your holding? I just don’t see the point of posting constant unconstructive posts on your own ‘holding’. Doesn’t add up for me.....
Lacking what numbers exactly? They set a target of 2000 Including ASIA apparently as once poster alluded too. Currently at 116 in U.K Three new locations coming online What figures do you want? Bookings? Cash levels? At some point we’ll see. For now do your own maths. Aidan pointed to the fact he declined placing in February above 3p. Take what you want from that. Everyday repeating - it’s to slow, it’s too slow, oh they’re rubbish, owww how terrible it is. Just sell and find a share you like. GRANTED - progress from August 2018 to February 2019 was woeful. But since Sanj arrived it’s moved. Southampton, Brighton and two more online by end of May. New employees refreshed website and hopefully app. Cash generating (not large sums granted). Be objective - Cash generation currently - unknown Cash position - unknown Bookings - unknown Any annoucement that could potential make the share a target for being driven down. Let the figures pick up. Locations be added . And the company be in a position to announce something meaty and substantial and put itself in a good position for any future undertakings for an aggressive roll out.
Same criticisms - repeated! The price of buy in is the problem - not the level of progress If you bought at 1.8p December time. Why would you complain. You’d sit and bide your time. If you bought at 2.20p, you wouldnt really be sweating. If you bought at 3p, then okay a little concerned at 30% down but can always average down If you bought at IPO levels, then more fool you. That’s not BigDishs fault so to speak. Progress since February, imho has been decent.
Whats the point of this concerted effort to keep repeating the same line; “They said 2000 restaurants and their going so slow”. But keep repeating that line everyday just for the sake of it. If it’s SO SLOW, why be here? Take your money and go elsewhere. Why flog a dead horse so to speak of that’s how you view BigDish? But my guess is 75% of the complainers don’t hold a position as they are waiting for it to drop lower and then BUY IN. Busted
Sanj only arrived in February. I’d say he’s done well so far. All this talk and complaining. 1 - are you actually invested here? 2 - If so, are you complaining because either; 1, you bought at a silly price or 2, your a naive impatient investor who thinks everything happens overnight? 3 - you have nefarious intentions and simply wanting to scare investors into selling so you can load up cheap? And then dump for your 10%? 4 - your short? Not sure what platforms are giving short positions on BigDish 5 - your genuinely not happy? Then why trash talk your investment and drive the price down? Why not talk it up and offer proactive interpretations of what needs to be done and how. See this pattern constantly across many LSE BB’s.
Nice update. So the people downplaying the Share for their own gains so they can buy cheap and now gone amiss now SP hovering above 2s. No doubt buying back in. Once SP starts to move, let’s say nearer 2.7p+ they’ll return to start complaining again. From Sanj’s arrival in Feb there’s been real progress. If we continue at this pace I’m happy. Obvious things could be ‘better’, but no different here then any other share. I’ll cite JustEat, Deliveroo and UberEats. Anyone who had the app initially noticed locations available but no restaurants or riders especially outside of London. Then after a few months things started moving. A few restaurants but hardly any riders. Then after 6 months to a year loads of restuarants and loads of riders. Same thing going to happen here!
Notice how quiet the board has gone since the resident serial so called ‘concerned investors’ posted nonstop negativetivity. That was their aim! And it appears they have succeeded. But take heed, this is the EVIDENCE! They’ll only appear once reasonable posters restart conversation. Just WATCH and SEE!
Caterham and Oldbager - same person?