Member Info for spero

NT to buy.

I think the large sell occurred before the news broke.

It's not going to be just Pizza Hut delivery, as it clearly states it's part of the 'eat out to help out' initiative, which is for dine in not takeaway.

I am fully back in. I tried to keep quite / remain an ally while out.
Positivity returning. Numbers climbing qucikly. Promising news on vaccines etc.

Total location count: 18
Total restaurant count: 141

interesting to see numbers creeping up during business hours.

my 0.72 buy showing as sell

This year it makes little difference that the service is being offered for free. On the old system, revenue would've been minimal, perhaps enough to pay half the wages of one telesales agent. Dish continue to have funding for the rest of the year. The focus continues to be on restaurant acquisition. The difference now is that they are offering a much better feature-rich platform that will massively simplify running a restaurant in these times (and beyond). Once the service has proved invaluable, conversion rate from free trial to paying subscriber will be high.

If Dish get to the point again this year this where restaurant numbers are 600+, then things will be looking really positive and fundraising will be easy. It'll stall the climb for a while when they do it, but it's not a given that it'll cause the share price to crash. If things are going well and funding's a positive move to continue expanding then there'll be nothing to worry about.

So many services I pay for started as free trials. Amazon Prime, Netflix, Strava, DavidLloyd, Duolingo etc. Use it for a while, see it improves my life, keep it.

When restaurants use the new Dish platform, start filling tables, start getting regular deliveries, then it will be worth a couple of hundred pound a month at the end of the trial. Especially if they trial phasing it in to replace the expensive big players (JustEat, Deliveroo etc). It would not be a large business cost. They really only need to be have their service known within a few mile radius in order to migrate local custom. If they white label the service (to look more professional and distance themselves from JustEat burger bars) then there's even more reason to use it for ever.

I'm largely an outside observer here, stalking for a re-entry point (a few weeks away yet I think). I certainly still think it a compelling story share.

Back up to 77 restaurants today.

If, as you say jsmith, the live restaurants are signed up to the SaaS service, then things aren't looking as bleak as they appear from the raw statistic of 623 (peak) -> 60.

From the live location names, it looks like they are being reconfirmed alphabetically (Poole is basically Bournemouth & excluding London).
Of the total that were on the platform at peak (in the current live locations), 21% have been reactivated. Of the remaining79%, a significant percentage of these have not reopened yet, so are invisible on the platform.

If the accounts team could speak to all of the open restaurants today (from a-z), that reconfirmation rate of 21% suggests about 135 would immediately reactivate. A huge pile of them are closed, so will reactivate later. From our current position, this could stabilise with 200-300 venues on the SaaS model, which would be a pretty good pivot. Once the telesales team are back up and running, they'll start steadily growing the numbers again with a much better revenue model.

pretty easy to count at the moment
Basingstoke 1
Birmingham 14
Bournemouth 21
Brighton 7
London 16
Poole 1
Total location count: 6
Total restaurant count: 60

good spot with the 10% discount

11% more restaurants than yesterday (thanks Art). Do that every day and Dish will be back on track in no time.

That video cleared something up for me. The process produces an immediately usable product, not crude oil.

Crude oil was reportedly trading a negative cost per barrel, due to lack of demand through the pandemic, but the price of th stuff that TomCo produce never dropped below $40 per barrel.

dammit, typed £350/mo instead of £250/mo earlier. Please ignore both

RT, the £350/month is my fault. I seem to have plucked the figure out of thin air. I don't think it's been establish how much the monthly fee is.

Greenspan posts on the BIDS board. Everything he says is ...positive.. It really freaks me out after putting up with his negativity here for so long.

https://www.youtube.com/watch?v=lbMK0Tx-K1E&t=1578s
Paul Scott talking about his investment in BigDish (from the end of May, so a little dated)

apologies, thought I'd read £250/mo. That doesn't seem an unreasonable business cost for bookings with yield management, epos, social distcance management, delivery facilites. Might need pricing tiers to encourage smaller venues to join, but the smaller venues are more likely to be wedded to Deliveroo / UberEats / JustEat and paying larger fees than that anyway, so could be happy to switch to a complete restaurant service (especially if they have their own delvery drivers)

It would be interesting to discover that the 54 restaurants currently live are subscribed to, or have agreed to become subscribed to, the new SaaS subscription model. (54*250)*12 would be a significant step-change in revenue (though I maintain that revenue still isn't really the focus yet)

I'm holding a small amount still. Going to try and grow my cash elsewhere and return here later. I couldn't face another period of faith and hope in dish. I still think eventually this will be on overyone's phone and 40p+, it's just going to take longer than I thought.

I think Tanya is possibly the Iraqi Minister of Information from Gulf War II :)

down to just 86 in four locations.
Birmingham 14
Bournemouth 21
Brighton 7
London 44
I know I said not to measure by restaurant count, but such low figures is too large a red flag for me.
I hope to be back if they turn this around