Share Name Share Symbol Market Type Share ISIN Share Description
Bigdish Plc LSE:DISH London Ordinary Share JE00BG12QT70 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.45 16.98% 3.10 11,993,807 16:22:46
Bid Price Offer Price High Price Low Price Open Price
3.00 3.20 3.25 2.65 2.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 11
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:44 O 297,000 3.10 GBX

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DateSubject
18/1/2020
08:20
Bigdish Daily Update: Bigdish Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker DISH. The last closing price for Bigdish was 2.65p.
Bigdish Plc has a 4 week average price of 1.10p and a 12 week average price of 1.08p.
The 1 year high share price is 9.30p while the 1 year low share price is currently 1.08p.
There are currently 351,875,208 shares in issue and the average daily traded volume is 5,056,105 shares. The market capitalisation of Bigdish Plc is £10,908,131.45.
18/1/2020
09:37
paulypilot: The way I look at things is this. Last year, the company raised money at 7.2p from a US family office, so that should have underpinned the share price at (at least) 6p. That's why I didn't sell any of my shares (regrettably in hindsight, as they plunged to 1p by the end of 2019). What went wrong last year, is that the "boots on the ground" strategy of recruiting 10 area sales managers didn't work. Or rather, it only worked in Brighton and Birmingham, whose area managers have been kept on. As it became apparent that the strategy wasn't working (which we can follow from the App), people sold up, trashing the share price. However, the turnaround strategy was announced on 12 Nov 2019 here; https://www.investegate.co.uk/bigdish-plc--dish-/rns/appointment-of-a-new-ceo-and-operational-update/201911120700019611S/ This is to pivot to a telesales model, led by a new hands-on CEO called Tom Sumner -w ho looks very young on his LinkedIn profile, but has experience which is a perfect fit - proven success in telesales for a much larger competitor. Because of peak, higher margin, full-priced sales over Xmas & New Year, restaurants won't be interested in discounting until January, when of course we're now into the quietest 3 months of the year, where empty restaurants are desperate to get bums on empty seats. E.g. I used BigDish yesterday, to have a nice lunch at the best local fish restaurant in Bou'mth. The 25% discount on BigDish drew me in. I was the *only customer* they had that lunchtime, it was crazy! I couldn't understand why the share price continued falling after the new strategy had been announced, and when it dropped below 2p, I bought more shares. When it dropped to 1.3p I backed up the truck, and bought more, and carried on when it neared 1p. I've ended up with nearly 5m shares now, at an average cost of 2p, so the recent bounce has been very pleasing. What's driving the share price back up again? Well it's obviously (as evidenced by posts here) that we're all tracking the app, and seeing the proliferation of new towns/cities, and that restaurant numbers are growing nicely (from a low starting point). Given that the telesales operation has only been up & running a couple of weeks (it started in early January, I believe), then the early signs look promising. I don't have a specific price target, because the valuation depends on how many restaurants are recruited, and how quickly. Apparently the telesales staff are target/bonused to sign up 30 new restaurants each month, per sales person. Therefore, a team of 10 (I don't know how many have been recruited so far) should be adding 300 restaurants per month. In practice, not everyone is likely to hit target, but maybe 200 per month could be possible. With many more restaurants on the app, then I think the share price is very likely to move up in stages, over H1 of this year, maybe to 6p, then 9p (roughly £20m, then £30m market cap). I think that's realistic. I also think a bid approach from maybe TripAdvisor, or others, is possible, hence why personally I'm not trying to be clever by dipping in & out of the shares. I've taken my position, and will just wait to see what happens. The important thing is that the strategy now looks to be right - growth through telesales. Growing restaurant numbers on the app provides an ongoing stimulus for the share price. Hence a sustainable growth in share price looks more likely now, than in 2019. I don't imagine the share price would spike up and collapse again, as it did in 2019, because the failure of the original strategy in 2019 shouldn't repeat now the company has a better (and half the cost), telesales strategy. Rome wasn't built in a day, so I'm expecting periods of consolidation and pullbacks, but overall my view is that we're now in a bull phase, which should take this share significantly higher. Fingers crossed! Regards, Paul.
14/11/2019
11:19
hairballradical: Outlaw, you probably add more value to DISH share price than these DISH acolytes. At least you keep a balanced view where as these sycophants just purr DISH with no analysis other than 4p next week or it'll be blue end of today or 3000 restaurants soon. Don't they realise that anyone can do that, that it's very transparently ramping and that that's what drives people away?
13/11/2019
08:28
bishopawn: Restaurant chains joining BIGDISH will catapult the numbers very quickly and push the share price into much higher territory. Any predictions for the share price with 3,000 restaurants on the BIGDISH App within 6 months (by May 2020)? The trolls can do the math too! :))) Shall we say 4 pence by Christmas?
22/10/2019
22:45
paulypilot: Obviously I'm disappointed with the share price, as an existing holder (and bought 2 clips of 500k more today), but as a user, the BigDish app is absolutely brilliant. Hopefully they can draw more attention to it, and thus both increase the number of restaurants using it, and more importantly maybe, that the public get to know about it. For example, tonight I couldn't be bothered cooking, so looked on BigDish in Bournemouth, and booked a 50% off food deal at The Cottonwood Boutique Hotel - on the seafront here, which I had never heard of. Ended up having a superb 3-course dinner (Italian ham & salad, with strawberries, then trio of fish fillets with new potatoes & fresh veg, with poached pear + meringue + chocolate), plus a pint of cider. All in a beautiful, ornate dining room, with superb courteous service, proper linen tablecloth, etc, even sea views. Guess how much that all cost, with BigDish discount? Just £18 Obviously I added a generous tip, but all in all, went home immensely satisfied. What has the restaurant gained? Their otherwise empty dining room had a few more people in it, thus encouraging more to come in. They can precisely control how many covers, and at what times, they want to offer discounts to. Above all, it's been a brilliant marketing tool for the restaurant, as I would never have otherwise discovered them. Now, I'll become a regular customer. It's such a great app. They just need to somehow turbocharge the number of restaurants using it, and above all to make the public aware of it! In a cost-effective manner. I'm not aware of any other dining app or discount scheme that allows restaurants so much control over the time, number of covers, and discount levels, in real time. Seems bonkers that the company did a recent placing at 7.2p to fund its roll-out, and we can now buy at 2.0p in the market. There's clearly a massive seller(s) in the market, but also plenty of people buying - big volume every day. Therefore, hopefully when sellers are done, we could see a big (%) & rapid recovery. I hope. I acknowledge that management have made mistakes, but that doesn't alter the fact that this is a really great dining app, that works brilliantly. Hence why I bought (and have bought more) shares in it. Obviously kicking myself for not selling when it spiked up to 9p, but there we go! What's it worth now? Who knows, how long is a piece of string, it's very difficult to value. I would have thought that maybe 4-5p would be more reasonable than the current level of only 2p. Especially as it shouldn't need to raise cash for a while. On a vastly larger scale, the bid interest in JustEat does flag up what an interesting sector this is. BigDish is early stage, but it has a working, terrific, product out there. So much more than just a concept stock. Hopefully TripAdvisor might buy it (10p a share would be enough for me), given that DISH's CEO is ex-TripAdvisor. Highly speculative obviously, just my personal opinions, DYOR as usual. Regards, Paul.
31/7/2019
08:32
montynj: A great post from mart on LSE "The dish rollercoasterToday 09:20Here's my current thoughts around Dish, and why I remain invested, for what it's worth. I first bought in, in August 2018, at about 4.5p, and watched the share price fall, over a few months to 1.5p. I was originally attracted to it having used Pouncer myself, as did several friends. I scaled in over a few months, particularly when Sanj was recruited and I saw his track record. If you're worried, have a Google as he has grown platforms by many thousands of restaurants. From day one, dish set out their end game which is to be bought out, the example often cited being Tastecard for 100m some years ago now. It's a hot sector with lots of acquisitions for eye watering amounts. The thing that makes a company attractive to acquire in this space a target is the numbers signed up. Their fundamentals may not even be that relevant, its more likely to be a strategic fit. Sanj was of the view that at around 750 plus restaurants other companies will start to sit up and take notice. I can see that as a start by end if year. IF they execute. People are obsessing over the restaurant numbers now, and that they aren't being added to. They have literally stopped acquiring while they prepare for roll out in Sept. Understand that. It's a priority call. For a few more weeks. What I am focused on is how many restaurants they can sign up, and how quickly, when they actually have a full sales team in place. Having an actual sales team helps, right?It's not unrealistic for them to sign up a couple of hundred a month with a full team, I'm hoping for a couple of thousand over 12 months. They are already engaged with chains, which could add numbers quickly. Have been on this rollercoaster a year from 3.5p to 1.5p to 9p and back down and I am still here because I'm focused on the end game, acquisition, and I can see the road ahead to that. If you want certainty and stability and are someone driven by fundamentals then you probably shouldn't be in dish at this point. I am not worried about restaurant numbers in the past, but will be closely watching how they execute the plan over q4.Bear in mind Aidan has 100pc of his original holdings, and has seen massive paper gains and massive paper losses and still holds every one of his original shares. Sanj is excited about the future and in Manila in August building the infrastructure there. He has said he is loving it at Dish and excited about the future. I have a number of great shares that have risen and fallen back and I ask myself 'is anything different to a week ago? Or a month ago?'. 'Has the story changed?'. Ironically most are in a stronger position, so I keep a cool head and top up. Ask yourself these questions before you panic. Dish is, IMO in a better place now than it was at 9p.Make your own minds up, people. Take responsibility for your investment choices. It's not without risk but its potentially high reward. Acquisition in this space could be in 100m to 300m range at thousands of restaurants scale vs"
06/6/2019
16:28
montynj: Remember just to reach Tastecard's valuation of £100 million which they were bought out for, would imply a share price of 32p for bigdish ..and remember that Tastecard's subscription based, fixed discounts model is inferior to BD who are offering dynamic pricing one where the diner pays nothing to use the app and the restaurants only pay £0.5 to £1 per seat booked depending on size of discount they offer. So it's v easy model..the CEO has already indicated that they are targeting Tastecard 's 6000 restaurants but their initial conservative targets are min 200 restaurants per territory of which there will be 10, so 2000 restaurants..v conservative forecast particularly as now they have extra money in the bank from the ii placing today which will accelerate the expansion. Therefore, I see a potential share price well north of 32p...to be honest, anything is possible in terms of upside...if the ambition is there, and I sense it is definitely after meeting management twice, why can't this share price really love...look, Just Eat came from nowhere and listed with a valuation of over £1 billion..yes, admittedly they weren't a start up on listing obviously but at some stage in their brief history they were a start up...I say all this cuz we can all get nervous about how much the shares have risen so far..I too have been and top sliced and bought back that top sliced portion..BUT we should really be looking at the future upside...I remember I used to have shares in Telecom Plus at 30p and sold at 80p and now they are £14..I know there are many examples..in any case, believe in the management to deliver. They haven't let us down yet. Also Sanj Naha has proved himself at Bookatable and TripAdvisor transforming their platforms. GLA
22/5/2019
09:41
hairballradical: Looks like it's settling ready for the next leg up to 3.5p, if it breaks through that (highly likely with Brighton incl 12+ restaurants) then on to 3.75p. Depends very much on management of rollout and management of communications. . My guess FWIW is 4.25p by 5th June. Future big news releases and forecast share price: - Brighton and others confirmed as recently RNSed - share price - 4.25p - Territory managers employed - share price 4.25p - Results to 18 months end March - expecting little income and big loss at this stage - 4.25p - Other significant cities / regions rolled out along the way - share price 5.5p - London rollout - share price 7.75p - Major tie-in with significant chain 8.75p - UK rollout - 12p But WDFDIK? HBR
27/4/2019
15:25
montynj: A very good post from angelaj6611 from LSE bb:Quote"This is just one small place for commentaries so has little effect on anything at all on events.Some PI's have the idea that everything happens on time without hiccups or delays so expect results specifically in relation to the share price almost immediately.It rarely if ever happens in that way, time and again the AIM has shown that, yet Pi's either have a short memory or no knowledge of how companies grow so get impatient with their investments and invariably lose out. Here their is a product designed to meet a 'new' market with exceptional demand that proves itself instantly viable to customers who take on DISH by increasing cash their flow, cutting down food wastage, motivating staff, better kitchen utilisation etc.,As soon as a sign up is completed its path to monetisation is speedy virtually from day one of the restaurant opening on DISH's APP etc., so giving DISH's income a rolling snowball growth effect on incoming cash flow.Few understand that the singee's customer base is instantly available to DISH on the %age discount base.The snowballing of DISH's income is one sound reason why the BOD have been so insistent there will be NO fund raising.It is easy to see how in a past post I then estimated income closing £400k+ pa.Basically every single sign up adds to that cash flow from day one.Ok its a tech company with the invariable BETA snags and differing parameter requirements to meet all types of demand requirements, nevertheless few realise the cost of running such a company in terms of staff requirements is minimal when set against the speed of potential income growth.Max staff numbers is given as 30 nothing when set against exponential growth.It seems few if any realise the major asset DISH have given every single investor which is the ongoing opportunity to personally investigate at random either by comms., or trialling any restaurant on their books thus enabling an eye to be kept on the reality of how an investment is working.My colleague has said DISH has no idea just what it has by the tail. The above are why I and others are seriously invested in DISH to percentage points of the company"Unquote I think the next few weeks will be the last opportunity to buy at these kind of levels before the share price seriously flies.
02/2/2019
17:44
montynj: Very interesting peer analysis from jyee7 on the LSE bb which I've copied and pasted here:-Quote """""Peer transaction analysisDue to the early stage nature of the business we are not putting together revenue and profit forecastsfor BigDish at this stage. Instead, in order to ascribe a valuation to the shares we take note of theongoing food tech investment trends and look at several transactions amongst what we consider tobe the company's closest peers.Eatigo is perhaps BigDish's closest peer in terms of business model, location of operations and size,although as a private company details of funding rounds are limited. Founded in 2013, the company isa yield management and restaurant reservation platform operating in Bangkok, Pattaya, Singapore,Kuala Lumpur, Hong Kong, Manila and India, offering time-based discounts of up to 50% on restaurantfood. According to the company's website it has seated over 5 million diners at more than 2,000venues, with the app downloaded by more than 1.5 million users.BigDish believes that its current stage of development is comparable to Eatigo when in December 2015(18 months following launch) Eatigo received a Series A investment, estimated at c.$5 million accordingto media sources (Source: Crunchbase). At time the company reportedly had c.400 restaurant partnersand was operating in two countries (Source: https://www.techinasia.com/offpeak-restaurantbooking-startup-eatigo-raises-series-a-funding) With series A rounds typically seeing issuers give away c.15-25% of their equity we thereforeestimate that Eatigo was valued at $20 million (£15.73 million) at the time of its Series A funding(assuming a 25% equity stake was taken). As a floor valuation, applying the same numbers toBigDish, implies a share price of 5.5p at current exchange rates. This could prove to be a conservativecomparable on a restaurant number basis however as BigDish currently has just over 700 restaurantpartners signed up across its Asia and UK operations vs Eatigo's 400 at the time of the investment. Inaddition, BigDish has exposure to the more mature and higher priced UK industry, whereas Eatigo doesnot operate in the territory.Eatigo completed a Series B fundraise in October 2016 at which point it reportedly had grown to 700partner restaurants, with media sources suggesting that c.$10 million was invested by travel andrestaurant website owner TripAdvisor. A further round, described as a pre-Series C fundraise, in July2018 saw a further raise of c.$10 million (Source: Crunchbase).In July 2017 the business then acquired the operations of Pune-based (India) Ressy, a mobileapplication that provides last-minute discounts at restaurants, and formed part of its expansion intoIndia. Being interviewed by the Hindu Business Line around that time, Siddhanta Kothari, ChiefFinancial Officer of Eatigo, suggested the business had a valuation of $70 million (following theTripadvisor funding round) and expected to be valued at $100 million following its launch in thePhilippines and India. The $70 million (£55.06 million) valuation could therefore be applied as apotential benchmark to BigDish, with its current 700 restaurants being comparable to Eatigo's totalat the time of the Tripadvisor fundraise. This would equate to a share price of 19.26p"""""Unquote
02/2/2019
16:05
johnyee 7: Peer transaction analysis Due to the early stage nature of the business we are not putting together revenue and profit forecasts for BigDish at this stage. Instead, in order to ascribe a valuation to the shares we take note of the ongoing food tech investment trends and look at several transactions amongst what we consider to be the company’s closest peers. Eatigo Eatigo is perhaps BigDish’s closest peer in terms of business model, location of operations and size, although as a private company details of funding rounds are limited. Founded in 2013, the company is a yield management and restaurant reservation platform operating in Bangkok, Pattaya, Singapore, Kuala Lumpur, Hong Kong, Manila and India, offering time-based discounts of up to 50% on restaurant food. According to the company’s website it has seated over 5 million diners at more than 2,000 venues, with the app downloaded by more than 1.5 million users. BigDish believes that its current stage of development is comparable to Eatigo when in December 2015 (18 months following launch) Eatigo received a Series A investment, estimated at c.$5 million according to media sources (Source: Crunchbase). At time the company reportedly had c.400 restaurant partners and was operating in two countries (Source: https://www.techinasia.com/offpeak-restaurantbooking-startup-eatigo-raises-series-a-funding) With series A rounds typically seeing issuers give away c.15-25% of their equity we therefore estimate that Eatigo was valued at $20 million (£15.73 million) at the time of its Series A funding (assuming a 25% equity stake was taken). As a floor valuation, applying the same numbers to BigDish, implies a share price of 5.5p at current exchange rates. This could prove to be a conservative comparable on a restaurant number basis however as BigDish currently has just over 700 restaurant partners signed up across its Asia and UK operations vs Eatigo’s 400 at the time of the investment. In addition, BigDish has exposure to the more mature and higher priced UK industry, whereas Eatigo does not operate in the territory. Eatigo completed a Series B fundraise in October 2016 at which point it reportedly had grown to 700 partner restaurants, with media sources suggesting that c.$10 million was invested by travel and restaurant website owner TripAdvisor. A further round, described as a pre-Series C fundraise, in July 2018 saw a further raise of c.$10 million (Source: Crunchbase). In July 2017 the business then acquired the operations of Pune-based (India) Ressy, a mobile application that provides last-minute discounts at restaurants, and formed part of its expansion into India. Being interviewed by the Hindu Business Line around that time, Siddhanta Kothari, Chief Financial Officer of Eatigo, suggested the business had a valuation of $70 million (following the Tripadvisor funding round) and expected to be valued at $100 million following its launch in the Philippines and India. The $70 million (£55.06 million) valuation could therefore be applied as a potential benchmark to BigDish, with its current 700 restaurants being comparable to Eatigo’s total at the time of the Tripadvisor fundraise. This would equate to a share price of 19.26p
Bigdish share price data is direct from the London Stock Exchange
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