Amala Foods Share Price (DISH)

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Share Name Share Symbol Market Type Share ISIN Share Description
Amala Foods Plc LSE:DISH London Ordinary Share JE00BG12QT70 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
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  0.00 0.0% 0.425 0.00 00:00:00
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Travel & Leisure 0.03 -4.13 2
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.425 GBX
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Amala Foods (DISH) Latest News

Amala Foods News

Date Time Source Headline
04/1/202307:00UKREGAmala Foods PLC Result of AGM
22/12/202208:00UKREGAmala Foods PLC Notice of AGM
23/5/202213:41ALNCNewsAmala Foods agrees to buy rare earth elements company Terra Rara UK
23/5/202206:35UKREGAmala Foods PLC Suspension Of Listing And Proposed Acquisition
23/5/202206:30UKREGOfficial List Suspension - Amala Foods plc
25/3/202208:56UKREGAmala Foods PLC TR-1 Notification of Major Holdings
16/3/202211:35ALNCNewsIN BRIEF: Amala Foods says will complete rare earths acquisition soon
16/3/202207:45UKREGAmala Foods PLC Rare Earth Elements Potential Transaction Update
10/3/202207:01RNSNONAmala Foods PLC Rare Earth Elements Market Opportunity
02/3/202219:27ALNCNewsTRADING UPDATES: Eden Research, Abingdon guide for weaker results
More Amala Foods News
Amala Foods Investors    Amala Foods Takeover Rumours

Amala Foods (DISH) Discussions and Chat

Amala Foods Forums and Chat

Date Time Title Posts
12/1/202312:49Small-Dish-A completely open un-moderated thread7,354
29/6/202207:48Amala Foods - Looking Tasty - Could 100x bag74
15/3/202220:40THE YEAR OF BIGDISH COMING BACK STRONGER320
02/6/202114:43BigDish - The fully moderated thread 4,590
08/1/202122:291 mil @ 1,26 was a trade off, not difficult -

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Posted at 07/2/2023 08:20 by Amala Foods Daily Update
Amala Foods Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker DISH. The last closing price for Amala Foods was 0.43p.
Amala Foods Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0.83p while the 1 year low share price is currently 0.43p.
There are currently 364,170,795 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Amala Foods Plc is £1,547,725.88.
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Posted at 04/11/2022 07:47 by dave4545
Amazing how they can go all this time without even providing a update.

Shells used to be all the rage but after seeing what has happened with my MMM and this DISH I'd not touch another one, they get suspended and then you have to flip a coin to see if they return.
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Posted at 23/5/2022 08:08 by uknighted
RNS
Share suspension and proposed acquisition

“ Aidan Bishop, Director, Amala Foods Plc, commented:

"The execution of the SPA is a significant milestone towards a complete rebirth of the Company that provides value to shareholders in excess of the current share price. Rare Earth Elements are garnering significant market interest and for good reason. The Angola and Ugandan projects are located in close proximity to other world class REE projects that are being developed. I am confident that following solid expressions of interest of finance provision in bringing this opportunity to fruition that shareholders in the company stand on the cusp of a new and exciting beginning".”
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Posted at 04/5/2022 09:12 by arborfieldinvestor
The share price here has fallen a lot over the past year, what is the reason and is it worth a punt? Can't see a lot of news
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Posted at 03/5/2022 12:59 by tenapen
Hi dave,
101 is right up to now - DISH hasn't delivered, but people should be allowed to do thier own research / make thier own mistakes or find a multibagger without being ripped on these bb's.

I looked at DISH but didn't buy as soon as i noticed ShareTalk had started a thread, but i keep an eye just incase .....

Cheers.
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Posted at 02/3/2022 18:51 by ken chung
So what's the deal? 30% stake in some new company, then see that diluted as it's followed by years of share issues to fund exploration for and if found extraction of, some unspecified rare earth mineral in some unspecified location.Not enough visibility about the medium and long term.And don't assume 30% would automatically translate into 2p on the share price. Expectations of further dilution to fund the rare earth venture and food side, may mean little if any upside in the share price. At b at it could drift for years and could go down.
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Posted at 09/11/2021 08:30 by davemarn
Dish - does it want to recover?

Next Up


Angus Energy 0.90p
Share Price Predictions?
• Harmonics showing 2-3.5p target?
• Management believes 3.5p per share is Fair Value vs. 0.90p share price
Positives
• Equipment should be arriving on site Nov 21 – Feb 22 proving this isn’t hot air!
• Permitting and Approvals expected early December 2021
• First time in 2 years a Project is about to become a reality early 2022
• Huge rise in Gas Prices (300-400%): 51% stake in onshore Saltfleeby Gas Asset
• 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap)
• £12m fully funded for Saltfleeby
• Sidetrack to Gas Project Planning Permission in place to try and double output
• £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment!
• 2x Director Buys of 1m each mid 2021
• £8m potential funding with Aleph and Associates for a valid Geothermal play
• 165m Warrants of £2.1m at 1.36p average potentially available
• 26m Employee Options at 1.5p but fully vesting at 2p too
Negatives
• A group of Locals persistently fester on UK Share Forums to stop any buying momentum, the success in market cap makes it harder to stop any of their projects dead in its tracks!
• A substantial undercurrent set of Short Sellers who seem to be betting against delivery and pre-gas price rally; now hurting and desperate to close out their positions – towards First Gas Q1-Q2 2022. Their short positions could create a dramatic squeeze to 2p alone IMO.
• Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders
• Geothermal Progress Seems Slow
• Delays seem to bother some impatient traders but Aleph have stumped £12m loan!

GLA WTFDIK DYOR
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Posted at 26/7/2021 09:32 by george gently
Archie Rodriguez does indeed have a good track record. DISH share price could move quickly once they start launching their veg based food products.
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Posted at 31/5/2021 17:17 by 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

- 2/12/2021:
-- The Company has purchased additional equipment & able to commence roll out of products as part of initial commercial phase.

-- Amala developed bespoke plant-based pepperoni product for American pizza chain, California Pizza Kitchen in Philippines - now featured on their menu. The Company hopes this will be a success & lead to a wider roll out.
-- Company in the latter stages of negotiating supplying its plant-based pepperoni to another pizza chain & its plant-based burger to restaurants of well-known local chef.
-- Company negotiating with global restaurant group, which if successful would set the Company on an exponential growth trajectory in 2022.
-- Company sponsored plant-based trophy for 25th anniversary of notable culinary school where contestants are using Amala's plant-based pepperoni.
-- Management will be in California (USA) during December, meeting restaurant groups who have expressed interest in Amala's products.

- 9/11/2021:
- Several restaurants undertaken testing of Amala plant-based pepperoni products & expressed willingness to incorporate into their menus, with first being launched by the end of this month. Company is also meeting various restaurant groups in USA in December, with a view to secure supply agreements.
- Company remains active in research & development, & substantial progress has been made including technical breakthrough in developing a gluten-free product range.

- 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:

- 8/12/2021: Company will own substantial stake in the venture builder & is currently in the early stages of preparing for a public listing with a target admission date in Spring 2022. The venture builder has a lead investor & expects to achieve a non-brokered listing. This venture builder is a tech business that originated from the BigDish technology platform & is developing innovative technology that has application in the Food and Beverage sector.

- 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.
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Posted at 27/8/2020 07:17 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
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Posted at 20/8/2020 16:30 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
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