The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
a healthy amount of discussion on this BB. Nice to see
I’ve been checking the app regularly ART, it appears pretty seamless. Are you accessing the app via your own phone data or WiFi?
Still going strong. Our resident 5% man was adding yesterday. I beleive we’ll get that confirmation of where we are heading in next few weeks. Looking good.
Ahhh,
So I think whats happened is that LSE crashed whilst I was posting my message, I had tapped the post button several times before it took me too an error slq database error.
It's now posted my message the number of times I bashed the mouse button. Consider it a healthy echo.
Some key points to takeaway from that interview.
-6000 restaurants after 2 years achievable. 2000 independents/2000 small chain venues/2000 large chain venues
-20 new restaurants coming online in Southampton soon
-Focusing on next area after Southampton
- attended annual pubs and bar chain gala. Met CEO's and discussed what role BigDish could play in chains.
Some key points to takeaway from that interview.
-6000 restaurants after 2 years achievable. 2000 independents/2000 small chain venues/2000 large chain venues
-20 new restaurants coming online in Southampton soon
-Focusing on next area after Southampton
- attended annual pubs and bar chain gala. Met CEO's and discussed what role BigDish could play in chains.
Some key points to takeaway from that interview.
-6000 restaurants after 2 years achievable. 2000 independents/2000 small chain venues/2000 large chain venues
-20 new restaurants coming online in Southampton soon
-Focusing on next area after Southampton
- attended annual pubs and bar chain gala. Met CEO's and discussed what role BigDish could play in chains.
Some key points to takeaway from that interview.
-6000 restaurants after 2 years achievable. 2000 independents/2000 small chain venues/2000 large chain venues
-20 new restaurants coming online in Southampton soon
-Focusing on next area after Southampton
- attended annual pubs and bar chain gala. Met CEO's and discussed what role BigDish could play in chains.
Some key points to takeaway from that interview.
-6000 restaurants after 2 years achievable. 2000 independents/2000 small chain venues/2000 large chain venues
-20 new restaurants coming online in Southampton soon
-Focusing on next area after Southampton
- attended annual pubs and bar chain gala. Met CEO's and discussed what role BigDish could play in chains.
For any newcomers or those sitting in sidelines check out who holds the majority of stock. The free float is small and this moves quick on a few buys. Not far away from setting the final steps towards completion of a $billion dollar project. Willing partners in CMEC and GE. Approvals given from Ministries and Tarrif agreed. Most advanced coal to power project in its region. At sub 7p there’s huge upside here. Having been here for two years and watching the milestone completion in progress, NCCL presents a great opportunity at these levels.
And there we go Looking good!
Yes that’s balance needs to be redressed. At the moment food venues are taking a tonne of Deliveroo and UberEats orders, (especially the chains) whilst their tables and chairs sit empty. How can they justify the costs and the overheads? Those orders aren’t as profitable as sit in diners. No drinks no alcohol, no atmosphere to pull in diners. I’d rather dine out then dine in if there’s a motivation (discount) that’ll make me do so.
Yup for sure I think once the price hits 6p we’ll see a renewed interest from those who don’t hold. I think it’ll make those sitting on the sidelines more inclined to buy in.
Obviously outside of all the points highlighted below there are other concerns such as future funding, cash burn, speed of roll out and market challenges that some have highlighted. It'll be interesting to see what the cash burn is and if they do seek funding how that will be done.
However, I'm more concerned with the potential of this disruptive tech and changing consumer behavior as a long term investor. Weekly price fluctuations shouldn't be of too much concern. This is a real good opportunity here in my eyes. My only caveat would be that like every investment, there's always risk.
Slowly slowly getting there...
When I first downloaded the app there were two working locations. Now we have four.
As for customer uptake, it'll be about changing the psychology of dining out.
When we order takeaway, we jump straight to Just Eat, Deliveroo and Ubereats.
5-6 years ago how many people did that? How many peoples first instinct was too jump onto an app when thinking of ordering food to their front door?
We all had our takeaway menus and local favorites we'd turn too time and time again. JustEat, Deliveroo and Ubereats have democratised consumer choice, and liberalised the takeaway market a takeaway. Customers are no longer scrambling to find the old takeaway menu tucked under a pile of old post on the dresser. Now at a tap of a button you have endless choice.
So the same thing needs to happen with these yield management apps and dining out. The good thing about BigDish is that its direct and concise. In my opinion most of discounting apps are muddled, fuddled and confusing. Their business models are too vague and not direct enough. Deals come in all shapes and sizes and often change.
BigDish offer one choice - discounted meals; and within that the options the customer can select are time and therefore level of discount. Its clear and concise.
So now BigDish need to create their own market within consumer behavior whereby
dining out=BigDish
So when you decide to dine out, the first instinct is too go to your phone and check BigDish. The initial stage of decision making could be one of three options:
1- I want to dine out at restaurant 'X' or 'W'. Lets go to BigDish too see whether their discounted tonight/this week
2- Lets dine out, but I don't want to spend too much, lets see what offers are on BigDish and decide from the choices they offer.
3- Should we go out for food or get takeaway? Well actually there's a strong case to say the total cost could be considerably lower when dining out with BigDish discounting vs full pricing structure on the delivery apps.
If BigDish can crack that then big things can happen in the yield management space...
Moving now. Spreads gone from 4.90-5.40 range to the next level. Slowly and surely as new buyers enter in anticipation of news. 17 trades today to move it 11%.
https://twitter.com/aidanbishop70/status/1105442508753043456?s=21
Yes a decent amount of trades popping in in that Mm spread of 2.60-2.80 Shows where the buyers are and that there’s appetite
Let’s consider something as a possibility That there’s a short by a MM on this share Their now running scared as ORR cash position strengthens but shorters need shares to close the position Hence the price action It’s ridiculous that with good news there’s no movement. Let’s hope their blown out the water in coming weeks