Amala Foods Investors - DISH

Amala Foods Investors - DISH

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Stock Name Stock Symbol Market Stock Type
Amala Foods Plc DISH London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.025 -2.5% 0.975 11:00:10
Open Price Low Price High Price Close Price Previous Close
1.00 0.925 1.00 0.975 1.00
more quote information »
Industry Sector
TRAVEL & LEISURE

Top Investor Posts

DateSubject
15/6/2021
23:26
terminator101: Woof woof. Soon be under 1p again as investors waking up to Bishop and his useless clowns really have led investors up the garden path again.
31/5/2021
18:17
sharetalk: "The plant-based sector is experiencing exponential growth globally & the Company is confident that its range of products will be well received." (DISH, 9/8/2021) "The plant-based food sector is growing exponentially within Asia & the Company believes that it is in the right place at the right time to capitalise on the opportunity." (DISH, 2/6/2021) "Dupont Nutrition & Biosciences determined that plant-based meat demand in key asian markets will grow by 200% within five years. Zion Market Research released a report finding the global plant-based meats market will reach $25 billion by 2025 with Asia-Pacific holding the largest market share. Furthermore, New York based Polaris Market Research estimated that overall market size of the global plant-based meats will reach $35.7 billion by 2027. Growing vegan and flexitarian populations as well as increased awareness of the health benefits of plant-based meats are cited as key drivers for growth." (DISH, 3/2/2021) AMALA FOODS Formerly BigDish, became Amala Foods in March 2021, with new interest in plant based (meat alternative) foods for Asian markets & old interest in BigDish App for restaurant bookings. INTERVIEWS & PRESENTATIONS 30/3/2020: hTTps://www.youtube.com/watch?v=INHx2Qg2UH8 NEW GROUP COMPRISES 1) Amala Foods - High-growth plant based foods for Asia: - Website: hTTps://www.eatamala.com/ - Twitter: hTTps://twitter.com/amalafoods?lang=en - 22/9/2021: -- New website launched. -- Plans being finalised to launch first product with established pizza chain next month. - 9/8/2021: -- R&D phase completed & preparing for commercial distribution of plant-based alternative meat products. -- Initial products: Pepperoni; Mexican Sausage; Breakfast Sausage; Tuscan Salami & Sopressata; Hotdog; Chicken Galantine; various Jackfruit products; & Meatballs. -- Will initially supply restaurants & B2B (business-to-business) customers, then launch to retail customers Q4 2021. -- Process underway to gain FDA approval for export of plant-based products. -- "The plant-based sector is experiencing exponential growth globally & the Company is confident that its range of products will be well received." (DISH, 9/8/2021) - 23/6/2021: -- Operational & moved into purpose built premises, with cost savings. -- Culinary team increased & food scientist hired. -- Key Performance Indicators on target: Plant based products completing R&D, & will now enter commercial development. Holding discussions with distribution channels. - 2/6/2021: -- On target, substantial progress on product development, branding, packaging & distribution. -- New website development, to be completed July 2021: eatAmala.com -- New company formation approved by SEC, 27/5/2021. -- "The plant-based food sector is growing exponentially within Asia & the Company believes that it is in the right place at the right time to capitalise on the opportunity." (DISH, 2/6/2021) - 25/2/2021: -- Production & distribution of minimally processed plant-based meat products, initially within Asia. -- Move into leased production premises, March 2021. -- Initial 6 month target: --- Complete development of up to 6 products to be commercialized via direct-to-consumer & business-to-business (B2B) sales. --- Substantial progress on product development & expect some product launches within initial period. --- No additional funding required during initial period. - 3/2/2021: -- Joint Venture Company - Amala Foods Plc own 70%, Archie Rodriguez owns 30%. -- Rodriguez will lead product & commercial development, & initially be CEO of JVC. -- Focus on high-growth plant-based meats sector in Asia. -- Premises initially in Philippines. -- "recent research report conducted by Dupont Nutrition & Biosciences determined that plant-based meat demand in key asian markets will grow by 200% within five years. Zion Market Research released a report finding the global plant-based meats market will reach $25 billion by 2025 with Asia-Pacific holding the largest market share. Furthermore, New York based Polaris Market Research estimated that overall market size of the global plant-based meats will reach $35.7 billion by 2027. Growing vegan and flexitarian populations as well as increased awareness of the health benefits of plant-based meats are cited as key drivers for growth." (DISH, 3/2/2021) 2) BigDish - App for booking and promoting restaurant meals (& adaptable for other uses): - 9/9/2021: Company monitoring effect of pandemic on UK hospitality industry & considering strategies to adapt BigDish tech to business-to-business (B2B) platform for restaurants. In talks with potential partners for this & will update market in due course. - 3/2/2021: BigDish platform will continue to operate. Progressed tech goals & will revisit on improved outlook for UK restaurants. - 16/11/2020: Company in dialogue with investor re staffing BigDish & seeking new CEO experienced in international tech-led sales. - 12/10/2020: -- Company approached on various occasions re utilising BigDish tech platform for other sectors. Current platform enables bookings, dynamic pricing, search & discovery, payments, delivery & pick up, & analytics. Tech team can modify code for applicability to other sectors. Opportunities multiplied due to pandemic. -- BigDish business to be funded privately & non-dilutively. -- Over next few weeks, sign agreements with significant startup & early stage tech companies, whereby BigDish will provide tech in return for equity stakes & be paid to maintain & develop further tech updates. No cash contribution required from BigDish. Opportunity to diversify, grow asset portfolio, & own equity stakes at ground floor valuations in exciting ventures without capital outlay, could set path to sustainability. -- BigDish will bring in new experienced tech focused management, plus Non-Exec Directors. -- Aidan Bishop will step down from Board but (as largest shareholder) continue to help progress opportunities presented & originate new ones. -- New, larger company, having fully developed, will increase value of the assets at significant premium to present market implied valuation. - 2/10/2020: Completion of beta testing, will now progress to live App & restaurants will be added progressively. BigDish-to-GO also incorporated payment functionality. - 24/9/2020: Funding Update, Letter of Intent with investor for US $5m non-dilutive investment, subject to technology conditions. Investment to be into Special Purpose Vehicle to operate BigDish business in international markets, incl. UK. Investor would own 20% of SPV. 3) Venture Builder Model: - 3/2/2021: Venture Builder will become separate entity, with experienced management & public listing in which the Company will own stake. Progressed & several ventures in development pipeline. - 16/11/2020: -- Company restructuring tech development in India, where more staff candidates & costs half of Philippines. Will stretch funding further. -- Venture Builder model extremely attractive, developing tech in return for equity stakes in businesses, to create diversified tech portfolio. Several businesses identified that Venture Builder will build tech for. - 12/10/2020: Developing Venture Builder model to gain 'sweat equity stakes' in portfolio of tech business assets with no cash outlay, & benefit from leaner management team & low cost base with focus on tech development in privately funded businesses.
22/3/2021
22:33
terminator101: Why not make the investment case then instead of complaining that not everyone shares a view that it's not amazing? How much cash do they have for example. Give ya a clue it's almost none. What about how Bishop got his shares in the first place from the IPO? Anyone looked carefully at the books from that period and seen what the money paid for? Give ya a clue, it was used to buy out the debts from previous failures. Then what about the countless strategy failures from failed acquisitions of table pounder (where they failed to keep any customers) or move to a boots on the ground strategy(another failure) or a telesales strategy( yes indeed another failure) or a give it away for free strategy (funnily enough another failure) or the most recent which is abandon everything and invest in some kind of food business (seems like a burger van outfit) Come on, tell us how this is going to make investors money, or even prove that I'm wrong in my assessment.
29/1/2021
16:34
mcrudden: The buying certainly doesn't look like investors jumping ship to me. Guess the shorters will find out soon enough
23/1/2021
08:31
terminator101: Only 5 trading days left before we hear the latest waffle from the mighty Bishop and his next hair brained scheme to rinse investors.
31/12/2020
16:32
terminator101: @aidenbishop70 been silent on twitter since September. Wonder why, could it be that he has gone into hiding from angry investors.
30/12/2020
22:16
topazfrenzy: Worth the punt you all know I'm not a fan of AB whatsoever but the tech could well be put to use in lots of other contexts and could well surprise everyone this year anyway, 3p could easily happen fast depending on what is announced in January all the bad news is baked in now, and funnily enough all the bitter investors are still watching it so FOMO will kick in and this could double in a day GO for it! I have! We may all be pleasantly surprised. GLA!
03/12/2020
18:39
figtree99: New CEO appnt - TBA - (experienced in technology-led sales in international markets) New NED: TBA New enhanced Mngt Team - TBC Change of Co name: DISH to XXXXX - TBC Further Update on Co strategy with private investor -TBC Geographical segments:India, Jersey, Hong Kong, Indonesia and the Philippines. Its subsidiaries include BigDish Limited, BigDish Inc. and PT BigDish Ventures Indonesia. ———;——̵2;——R12;——212;———————————;——̵2;——R12;——212;—————- New Business goal - Developing a “Venture Builder” business model to gain sweat equity stakes in a portfolio of assets with no cash outlay. New Business Strategy - Update on investing in business technology companies aquiring % shares stake for software development as alternative to payment. I.e. developing a Venture Builder model to diversify into having a portfolio of technology business assets, which would include the BigDish platform. *Funding - BigDish business to be funded privately and in a non-dilutive manner. $5m Private Investor to aquire 20% stake of SPV* The investor” would own 20% of the SPV*.  This investment would be made into a private company, a *Special Purpose Vehicle (SPV), that would operate the BigDish business.  The SPV would operate BigDish in various international markets including the UK *Funding - yes beyond the 2nd quarter due to lower cost in India offshore IT tech team. DISH -India based software development team The technology team is able to modify the code to make the technology applicable to other sectors. Therefore, the Company has decided to commercialise the opportunity, especially given that opportunities have multiplied in technology and online applications, due to the pandemic. (Awaiting updte on Development Progress)
27/8/2020
08:17
blueskyventurer: IS this A bishop, a bigdish director ramping his own shares? Small Cap Dog of the Day Bigdish, DISH Aug 6, 2020 by blueskyventurer 6 comments •451 Reads• Edit Bigdish – Buyer Beware The share price has declined from a high of 9.2p to 2.25p. (I have no position) There are many reasons to avoid putting hard-earned cash into this company, but most importantly because the company is a vehicle whose the only purpose seems to be to move wealth from investors to management. I’m still trying to figure out where has all the money gone? With limited resources (Management and cash) Bigdish plan to take on dining reservation and delivery service apps. Investors have to believe that the current zero-revenue business model generating zero cash will generate a critical mass network of restaurants and users of value. All this must happen with the current cash and without mass dilution as the company raises more funds for shareholders to profit. Why this should be on every private investor’s barge pole list Late to the party – Competition has already achieved critical mass and networking-effect. Competing companies have already achieved a critical mass and networking effect. The competition includes; • OpenTable have 5m+ users, it also pays customers to use the app with a reward scheme • Deliveroo 10M+ users, • Uber Eat 100M+ users, • Just Eat 5M+ users. The larger restaurant group have their own personal app all for free. Bigdish with 50k+ users will need to spend substantially on marketing to reach any meaningful size. A musical chair for CEO’s and Strategies • Aug 2018 Listed with Joost Boer, CEO • Aug 2018 announced Asia company acquisition and strategy. • Nov 2018 (3month later) consider the sale of Asian business. • Jan 2019, Bigdish hires new CEO Sanj Naha and refocus strategy to the UK. (No more news on the Asian business). • Dec 2019, Tom Sumner as the new Chief Executive Officer • Mar-2020, Saved by covid-19, Furloughed employee saved cash burn. The company engaged/pay foreign advisory to raise additional funds • Jun-2020 Announce will require more funding by year-end 2020. • Jul 2020 With money running out, new strategy decided to change to zero-fee model for reservation platform (No money), move to a SaaS model (more cost, revenue delay), and launch BigDish-to-Go to take on giants like Deliveroo, and Uber Eats (more cost). • Announcement coming out quicker than hot dinners about new restaurants on the platform note all at zero cost. I assume this is to raise the share price before they tap investors again. The only successful strategy the company has executed so far is to tap investors for cash and pay it to management. (see below) Raising Cash, raising more cash, and dilution • Aug-2018 Listed with 285M shares at 4.5p raising £2.2M. • Jun-2019 placing 29.2M shares at 7.2p company says its fully fund until 2021. • July 2019 issued more share 23M shares issued apparently to pay management (Salary sacrifice) what happened to the cash raised in June? • Aug 2019 13.8M shares issued to for Poucher shareholders. • 24 Jul2020 More dilution as employees asked to take shares instead of pay. 24M shares issued • 29 July BigDish Plc (LON: DISH), announces that Jonathan Morley-Kirk, Non-Executive Chairman, sold 349,045 shares that were recently issued under the Salary Sacrifice Scheme, at an aggregated price of 2.3 pence per share on 28 July 2020 Needs to raise significantly more than £2M to have a viable business I’ve modeled out Bigdish's cost curve (see below). The cost of building an app can be approximately £250K-£500K, Bigdish has already raise £4.5M, and the money used has struggled to build the user base. The largest cost will be the marketing cost for building the user base and network. Using the model at a 50% growth rate they would need to spend close to £15-20M to gain any meaningful scale of business. With a limited network of restaurants and users and more successful competition it hard to find any value in this company. Possible they can tap up investors for more cash indefinitely, but I only see this share being valued at 0p at some point. Models cost for building a network. Finally, I leave you with what employees have to say on Glassdoor (employee company feedback website), and you can come to your own conclusion. hxxps://www.glassdoor.co.uk/Reviews/BigDish-Reviews-E1622525.htm
20/8/2020
17:30
blueskyventurer: Small Cap Dog of the Day Bigdish, DISH Aug 6, 2020 by Bluesky Ventura 6 comments •757 Reads• Edit Bigdish – Buyer Beware The share price has declined from a high of 9.2p to 2.25p. (I have no position) There are many reasons to avoid putting hard-earned cash into this company, but most importantly because the company's only purpose seems to be to move wealth from investors to management. I’m still trying to figure out where has all the money gone? With limited resources (management and cash) Bigdish plan to take on dining reservation and delivery service apps. Investors have to believe that the current zero-revenue business model generating zero cash will generate a critical mass network of restaurants and users of value. All this must happen with the current cash and without mass dilution as the company raises more funds for shareholders to profit. Why this should be on every private investor’s barge pole list Late to the party – Competition has already achieved critical mass and networking-effect. Competing companies have already achieved a critical mass and networking effect. The competition includes; OpenTable have 5m+ users, it also pays customers to use the app with a reward scheme Deliveroo 10M+ users, Uber Eat 100M+ users, Just Eat 5M+ users. The larger restaurant group have their own personal app all for free. Bigdish with 50k+ users will need to spend substantially on marketing to reach any meaningful size. Musical chairs for CEO’s and Strategies Aug 2018 Listed with Joost Boer, CEO Aug 2018 announced Asia company acquisition and strategy. Nov 2018 (3month later) consider the sale of Asian business. Jan 2019, Bigdish hires new CEO Sanj Naha and refocus strategy to the UK. (No more news on the Asian business). Dec 2019, Tom Sumner as the new Chief Executive Officer Mar-2020, Saved by covid-19, Furloughed employee saved cash burn. The company engaged/pay foreign advisory to raise additional funds Jun-2020 Announce will require more funding by year-end 2020. Jul 2020 With money running out, new strategy decided to change to zero-fee model for reservation platform (No money), move to a SaaS model (more cost, revenue delay), and launch BigDish-to-Go to take on giants like Deliveroo, and Uber Eats (more cost). Announcement coming out quicker than hot dinners about new restaurants on the platform note all at zero cost. I assume this is to raise the share price before they tap investors again. The only successful strategy the company has executed so far is to tap investors for cash and pay it to management. (see below) Raising cash, raising more cash, and dilution Aug-2018 Listed with 285M shares at 4.5p raising £2.2M. Jun-2019 placing 29.2M shares at 7.2p company says its fully fund until 2021. July 2019 issued more share 23M shares issued apparently to pay management (Salary sacrifice) what happened to the cash raised in June? Aug 2019 13.8M shares issued to for Poucher shareholders. 24 Jul2020 More dilution as employees asked to take shares instead of pay. 24M shares issued 29 July BigDish Plc (LON: DISH), announces that Jonathan Morley-Kirk, Non-Executive Chairman, sold 349,045 shares that were recently issued under the Salary Sacrifice Scheme, at an aggregated price of 2.3 pence per share on 28 July 2020 Needs to raise significantly more than £2M to have a viable business I’ve modeled out Bigdish's cost curve (see below). The cost of building an app can be approximately £250K-£500K, Bigdish has already raise £4.5M, and failed to capture a user base. The largest cost will be the marketing cost for building the user base and network. Using the model at a 50% growth rate they would need to spend close to £15-20M to gain any meaningful scale of business. With a limited network of restaurants and users and more successful competition it hard to find any value in this company. Possible they can tap up investors for more cash indefinitely, but I only see this share being valued at 0p at some point. Models cost for building a user base and network. Finally, I leave you with what employees have to say on Glassdoor (employee company feedback website), and you can come to your own conclusion. hxxps://www.glassdoor.co.uk/Reviews/BigDish-Reviews-E1622525.htm
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