I've made my peace with the too-early IPO. Being allowed to invest at this early stage means we can pickup shares for a penny. That wouldn't be the case if they floated once established (less risk less reward etc)
Re delivery ramp-up - I was hoping that they were holding back until the delivery feature updates had been rolled out to iphone and the website (currently you can only book delvieries via Android), but we've been waiting a while now.
+ Markshares, the big delivery players take a huge slice of the bill for themselves. I think I read it can be as much as 45% under some circumstances. They also settle payments at the end of each month. With BigDish, it will be a fixed monthly cost with settlement on the day of order. They also get restaurant bookings (yield managed by discount), payment at table, covid spacing technology in venue. Management app etc. They can also white-lable the whole service to their brand, so it appears to be their own tech.
What makes you think they've given up on the platform? A new venue signed up for delivery yesterday. They are going to be looking at providing technology to startups., but this will be in addition to running the BigDish as we know it.
Art, I had to use an example of a company people had heard of. I mentioned Amazon too, but I'm not suggesting they are the next Amazon either.
I simply see this RNS as informing us that, alongside operating the BigDish platform, they're also going to become a technology provider in related areas. I'm very disappointed we're not getting news on delivery and lastmile today - I would've preferred updates on that.
Ocado started out selling groceries online. Now they sell their platform skills and services to others. They retain a major stake in the original grocery retail business.
BigDish, the platform, will continue as we know it, but horizons for the company have grown as they look to expand into other areas with their technology. I'm not comparing them to Ocado in scale - just the principle of growing to become a technology provider based on their experience. Amazon sell books. They also run half the Internet on AWS - tech they developed and resell. We've often talked about how the yield management principle could be flexed to other settings (theatre tickets / services requiring appointments etc etc). Now they have a division of the company dedicated to this and other tech developments.
Aidan stepping down as chairman means he can focus on the tech division and Dish can have a chairman who isn't also thinking about jackfruit, gold, chocolate, asian IPOs, mining. They are already advertising for a CTO in India.
Monday will probably be an announcement that delivery is fully going live to the public. Android (already live), iphone and web. I think that will be it, and that they are actively trying to expand the bigdish-to-go service as a priority.
A bonus would be more details on the last mile delivery partner
News was expected today, but they have delayed until Monday. Despite that, the area of the graph of today's share price is almost all above previous close level. Given that news is delayed, I read that as a sign of confidence.
The now-public new delivery service looks great and hedges their appeal nicely. No 2nd lockdown - greater growth in the dine-in side of the service 2nd lockdown - rapid uptake of the delivery service
I'm looking forwrd to the announcements on this next week.
Good chance of news tomorrow, I agree Fast. RNS last week about delivery trial advancing from closed beta to public stated: "The Company expects to make further announcements next week on various developments." There is only tomorrow left to meet that expectation.
+jsmith - thanks for checking the iphone app status
No change in numbers for dine-in. I don't think I should report the number of potential delivery venues as the counts require some assumptions about the data, so risks being misleading. I will count delivery when it becomes more public and absolute.
It must be any day now that the iphone app & website catch up with the Android app. Glad to be fully loaded here. Resisting the tempation to sell other stuff and buy more.
On Android, when I open the BigDIsh app, I see: * Choice of 'Delivery and pickup' or 'Reservations' * Select delivery, enter 'W60AA' as postcode There are two restaurants offering delivery or pickup to the general public (not a closed beta).
Can this be seen on iphone yet? Perhaps someone would be good enough clear data / re-install and see if it's live
RE: bigdish-to-go - 213 restaurants configured for delivery05 Oct 2020 18:16
I see Grinchyface's earlier note of caution, about restaurants being unlikely to give up using big players to exlusively use BigDish, as a positive.
If restaurants lose 35% on a Deliveroo order, then the receipt in that order should state that future orders can be placed via BigDish for a 10% discount. This way they lose only 10%, the customer gets the same order cheaper and they slowly migrate regular users to the more profitable BigDish platform. They'll continue to use Deliveroo / Just Eat for organic customer growth until such time that BigDish is well-known enough to do it for them.
RE: bigdish-to-go - 213 restaurants configured for delivery05 Oct 2020 12:47
Across the three delivery 3 locations, there are a further 152 advertising-only restaurants that are identified as able to provide delivery. This includes some pizza hut, harvester etc. Hopefully this means they are starting to integrate further with the platform.
bigdish-to-go - 213 restaurants configured for delivery05 Oct 2020 11:57
I'm surprised the share price hasn't reacted more positively to the public release to Android of the delivery service. It looks really good.
I think we're waiting for the same updates to come to Apple. The Apple Store has more rigorous checks on updates than Android Play Store, so it takes a little longer. The website needs updating too, but that should be a near instant push-button process.
I've been pouring over the data this morning and delivery is still just in Brighton, London and Portsmouth. However, instead of the usual handful of trial restaurants, there are now 213 fully-integrated restaurants configured for delivery.
Once the three user interfaces are updated: Android(done), Apple(pending) & website(pending), then Dish will be free to update the market.
175 fully-integrated delivery-enabled restaurants in London alone. Share price is depressed while we wait for this news to break. Looks like there is a small window of opportunity here before all of these updates go live. I've topped up a large chunk this morning.