ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

DISH Amala Foods Plc

0.10
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Amala Foods Investors - DISH

Amala Foods Investors - DISH

Share Name Share Symbol Market Stock Type
Amala Foods Plc DISH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.10 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.10 0.10
more quote information »
Industry Sector
TRAVEL & LEISURE

Top Investor Posts

Top Posts
Posted at 22/3/2021 22:33 by 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.
Posted at 29/1/2021 16:34 by mcrudden
The buying certainly doesn't look like investors jumping ship to me. Guess the shorters will find out soon enough
Posted at 30/12/2020 22:16 by 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!
Posted at 08/12/2020 12:44 by figtree99
No placing - stop adding BS.
Last RNS states cleary they do not wish to dilute -
And current recent funding can be stretched until 3rd quarter 2021 - i.e 9 months away, and by that time they will have benefited from their new business stratgey and goal to become fully sustainable by premium attained on sweat for equity venture build diversification strategy.

Good opportunity at this price for new investors.
All info is in the last 4-5 RNS by DISH. READ and you will see that they now build on systems for other sectors outside of food technology area.
FTH.
Posted at 03/12/2020 18:39 by 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)
Posted at 03/12/2020 18:34 by figtree99
+33% - we are stll 1.2p

Investors/ Buyers interest in new announement into Venrture Builder Diversified Company

Company to update on Agreements for Equity Stakes”
On: “signed agreements with several significant startup and early stage technology companies” whereby BigDish will provide the technology in return for equity stakes.  There will be no cash contribution required from BigDish to support these businesses.

- Own equity stakes in exciting ventures with no capital outlay. TBC
- ‘several businesses that have been identified” that the Venture Builder will build technology for and the Company will update the market in due course.  TBC

DISH - Looking Forward Statement
BigDish is expected to grow into what is termed a “Venture Builder diversification̶1; company. Own equity (%) stakes in companies across the technology spectrum.
It is envisioned that the new, larger company, having fully developed will be able to “increase the value of the assets at a significant premium to the present market implied valuation”.

Current share price = 0.095p
High = 0.9p. Low = 0.082p
Current Market cap= £3.28m
Shares issued = 364m issued
Free float 71% = 275m shares
25%=: 94.1m shares held by Lac Ventures, Executives and Paul Scott
Employees = 27 TBC

An announcement of new “Venure builder diversification̶1; of the company will transform the direction of the company. Owning equity stakes in technoilogy spectrums which grow from acorns to larger companies is where assets grow significantly. (DYOR/ GLA)
Posted at 03/12/2020 16:22 by bishopawn
Very nice 600,000 buy at 3.39 pm.
Still under radar.
Savvy investors getting in ahead of the crowd. GLA!
Posted at 23/11/2020 07:45 by bishopawn
Fails to see the obvious that BigDish has big backers with deep pockets.
£500,000 loan.
USD 5 million investment by high net worth individual.
Lender and Investors like what they see.
In due course we will see too. For now, we could buy on weakness, sit on the sidelines sniping, or sell at a loss.
Posted at 27/8/2020 08:17 by 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
Posted at 20/8/2020 17:30 by 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

Your Recent History

Delayed Upgrade Clock