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BigDish #DISH – Exercise of Warrants

BigDish Plc (LON:DISH), a food technology company that operates a yield management platform for restaurants, announces that it has received a Notice of Exercise from a warrant holder in relation to an exercise of warrants over 500,000 common shares (“Common Shares”) of no par value in the capital of the Company at an exercise price of 4.5p.  The proceeds for the Company in relation to the warrant exercise is £22,500.

Following the Admission of the Common Shares, the total issued share capital of the Company will be 315,514,186 Common Shares.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)

Enquiries:

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

Julia Tilley

Notes to Editors

BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.

The Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.

Andrew Hore – Quoted Micro 10 June 2019

NEX EXCHANGE

Proton Partners International Ltd (PPI) has asked Woodford Investment Management to subscribe for £25m worth of shares at 176p a share. This is part of an agreement with Woodford that was outlined in the prospectus and it comes at a time when the fund manager is coming under pressure for poor performance and it has closed redemptions from one of its funds. The cash will pay off a loan and provide working capital.

NQ Minerals (NQMI) is making a £155,000 investment in Tasmania Energy Metals and the two companies will evaluate whether they should develop an integrated facility for the treatment of metal concentrate. NQ also has an exclusivity period until the end of July during which to decide whether to acquire Tasmania’s assets.

Sativa Investments (SATI) has signed an offtake agreement with a Swiss supplier of cannabis oil. This will be used to manufacture cannabidiol products.

AfriAg Global (AFRI) has invested £300,000 in Apollon Formularies for a 0.71% stake. Apollon plans to open a licenced retail medicinal cannabis dispensary and processing facility in Jamaica by the end of the month.

Newbury Racecourse (NYR) says that it is unlikely to return to paying dividends or return capital to shareholders before 2022 at the earliest. There is uncertainty about future revenue streams from fixed-odds betting terminals and how this could impact UK betting. It could reduce prize money levels. The onsite hotel has increased revenues by 15% so far this year.

Trading in shares of Equatorial Mining (EM.P) has been suspended ahead of publishing accounts. They should be published at the time of the general meeting to gain approval of the acquisition of Rwanda-based miner and explorer Eastinco. A £1.2m fundraising is also planned.

Altona Energy (ANR) has signed a memorandum of understanding with Shaanxi Qianyan Vanadium and Magnesium Mining, which owns a vanadium mine in China. The plan is to forma joint venture where Altona will be the controlling shareholder. Due diligence will take up to six months and there will be a JORC-compliant mineral resource classification report. The estimated reserve is 190,000 tonnes of vanadium.

Formation Group (FRM) has secured a £10m subscription at 7.71p a share through the acquisition of Zandra Holdings, whose asset is £10m in cash. This takes the Kennedy Private Trust stake in Formation to 89.99%. A £10m loan facility ahs also been secured.

The Little Bear mine area has been transferred to Panther Metals (PALM) and the Little Bear vein is a high priority drill target in order to see if the bonanza grade gold mineralisation still exists at depth. Panther has also applied for a licence over the Annaburroo gold project in Northern Territory, Australia.

Walls and Futures REIT (WAFR) has secured a £600,000 secured revolving credit facility and spent £465,000 on a bungalow in Didcot to be redeveloped into a home providing specialist support for four adults.

Valiant Investments (VALP) is raising £263,000 at 1.5p a share and it is changing its name to Eurocann International as an indication of the change in strategy to investment in the medicinal cannabis sector. Jeremy Rose will become chief executive and he has a number of directorships including of Speakeasy Cannabis.  Burns Singh Tennent-Bhohi will become a non-executive.

EcoVista (EVTP) had £419,000 in cash at the end of February 2019 and it is seeking further investment. The interim loss declined from £238,000 to £202,000. Net assets were £1.19m at the end of February 2019.

Share trading in Wishbone Gold (WSBN) has been suspended because it has not published its 2018 accounts.

AIM  

The smart machines division of Vianet (VNET) is going to be the source of profit growth for the coming years. Profit can be improved by converting the vending machines that came with the Vendman acquisition to Vianet’s contactless technology, as well as winning new business. The smart zones pub dispensing technology division should be able to maintain its contribution with lower UK profit due to pub closures being offset by an improved performance in the US. Pre-tax profit is expected to improve from £2.7m to £2.9m, although earnings per share will be hit by a higher tax charge.

Interim revenues at smart home devices supplier LightwaveRF (LWRF) increased 120% to £2.5m, although there was still a pre-tax loss of £1.35m.  New distribution channels are helping to accelerate growth in revenues. The company could move into profit next year

Bad weather in the US has hampered the progress of Somero Enterprises (SOM) and led to forecast downgrades. Demand for concrete levelling equipment is normally stronger in the spring. This year’s earnings have been cut by 12% and next year by 11%. This will also reduce the potential dividend. The forecast 2019 normal dividend plus payout of surplus cash has been cut from 27.8 cents a share to 19.8 cents a share.

Waste-to-energy technology developer EQTEC (EQT) is acquiring a 19.99% stake in North Fork Community Power, a biomass gasification power project in California. EQTEC will supply $2.5m worth of equipment from its Newry site in return for the stake. It also expects to generate €2.2m from selling additional equipment.

Microsaic Systems (MSYS) has signed a distribution agreement for the Microsaic 4500 MID MS detector with CM Corporation for the South Korean market.

A shareholder owning a 17.2% stake in Rurelec (RUR) intends to propose an AGM resolution for the appointment of Gordon Fisher as a director. He is a former boss of a freight forwarding and customs brokerage. The electricity generator reduced its pre-tax loss from £5.8m to £600,000 in 2018, mainly due to lower overheads, exchange gains and a disposal gain. NAV is 4.4p a share, which is more than four times the share price.

Driver (DRV) had already said that its interims would be disappointing and pre-tax profit slumped from £2.11m to £762,000. The Middle East and Asia Pacific were tough markets with lower contributions. The expert witness operations made a reduced contribution. A 0.5p a share interim dividend was announced, and the ex-dividend date is 19 September. The company is also buying back shares in order to put a floor under the share price.

Chemicals-focused shell Wilmcote Holdings (WCH) is in exclusive discussions with Arclin Inc for a potential acquisition. Trading in the shares has been suspended.

Acquisitions consultancy K3 Capital (K3C) has confirmed that trading is in line with previous guidance and EBITDA is at the upper end of the range of £4.5m to £5m. An 80% payout would mean a reduction in dividend from 11.2p a share to 7.2p a share.

Osirium Technologies (OSI) has won a contract with a European telecoms services provider. The three year contract covers cyber security software and services.

MAIN MARKET 

A strong first half has continued into the second half trading for automotive information publisher Haynes Publishing (HYNS) and pre-tax profit for the year to May 2019 is expected to exceed expectations by 10%. This suggests pre-tax profit of around £2m. The results will be announced on 12 September.

Caffyns (CFYN) reported a small improvement in underlying pre-tax profit to £1.45m in the year to March 2019. New car sales were 10% lower, which is more than three times the market decline. However, there was growth in used car sales and aftersales revenues.

Positive news from Argo Blockchain (ARB) where results for May were well ahead of the company’s budgets. New cryptomining hardware has started contributing faster than expected and rising cryptocurrency prices have improved mining yields. A further £2.85m is being invested in equipment. There was £685,000 generated in May, based on a bitcoin price of $8,575, while cash operating costs were £280,000. Second quarter figures will be better than expected. If the bitcoin price is maintained, then there will be £2.85m of crypto assets at the end of the second quarter.

BigDish (DISH) has raised £2.1m at 7.2p a share and this should be enough cash for the restaurant platform until 2021. The UK rollout will be accelerated.

Pembridge Resources (PERE) is acquiring the Minto mine from Capstone Mining. Pembridge will pay up to $20m out of future cash flows. Commercial production could recommence before the end of the year. A $10m loan has been secured.

Symphony International Holdings (SIHL) has made an investment in Soothe Healthcare, which manufactures feminine hygiene products under the Paree and Pariz brands.

Andrew Hore

BigDish (DISH) Raise £2.1 Million Through Institutional Placing

BigDish Plc (LON:DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce that it has raised, in aggregate, £2.1 million through a placing of, in aggregate, 29,166,667 new common shares (the “Common Shares) of no par value in the capital of the Company (together, the “Issue shares) at a price of 7.2 pence per Common Share (the “Issue Price”) via an institutional placing.

Highlights:

·    Fully funded until 2021

·    Acceleration of the UK rollout

·    Acceleration of customer acquisition

·    Acceleration of new production development

Further to the announcement on 30 May 2019, BigDish was approached by an institution to provide an offer of significant expansion capital.  Whilst already being funded to execute its current strategy, the Company felt that this additional capital could further accelerate BigDish’s growth beyond this.

The additional capital will enable BigDish to accelerate the development of new features and functionality across all the BigDish platforms, as well as enable the development of further revenue streams.  It will also accelerate the UK rollout and, through increased marketing spend, help increase the rate of user acquisition.  All key metrics within BigDish are growing, such as the number of restaurants, bookings and diners seated.  This is now expected to increase at a more rapid pace.

Following the Admission of the new shares, the total issued share capital of the Company will be 315,014,186 Common Shares.

Sanj Naha, CEO, commented:

“It is truly an exciting time for BigDish and to have now gained the confidence of an institutional fund is fantastic.  BigDish is now entering the hypergrowth phase and the additional capital enables us to achieve our goals for the UK rollout, customer acquisition and positive cashflow.

“Over the past few weeks I have travelled to various parts of the UK, laying the foundations for the BigDish national expansion.  The BigDish yield management value proposition is being well received by the restaurants and restaurants groups that I am meeting with.  Furthermore, I am having positive discussions with various media groups and other potential partners.

“I have also spent time visiting some of our existing restaurant partners and it has been great to meet restaurant owners who are now regularly seeing diners seated at their restaurant via BigDish. One particular restaurant recorded over 600 diners in April, which was a BigDish record.”

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)

Enquiries:

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

Julia Tilley

Notes to Editors

BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.

The Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.

Brand CEO Alan Green talks i3 Energy #I3E, ECR Minerals #ECR, BigDish #DISH & Thomas Cook #TCG on Vox Markets podcast

Brand CEO Alan Green discusses i3 Energy #I3E, ECR Minerals #ECR, BigDish #DISH & Thomas Cook #TCG with Justin Waite on the Vox Markets podcast. Interview is minutes seconds in.

BigDish #DISH Founder & Chairman Aidan Bishop discusses the App rollout and growth strategy on Vox Markets podcast

Aidan Bishop, Founder and Chairman of BigDish #DISH and Justin Waite discuss the new locations being rolled out as part of their expanded growth strategy. Vox Markets podcast.

The Tray Now Standing on Platform BigDish #DISH could Head for Brighter Prospects – ShareProphets

by Malcolm Stacey

Hello Share Munchers. Now here’s a novel idea for the technological age. You’ve heard of Late Rooms which began as a way of filling empty hotels at the last minute. Well, BigDish (DISH) aims to perform similarly for restaurants. The company helps to fill tables at quiet times by offering quickly applied discounts.

Folks can get these bargain meals through the BigDish app or its website platforms. In return, the restaurants pay a fee for every customer. The share rose by 17% this week. This was on the news that a new BigDish platform has gone live in Swindon. Reading has also been added as a new location. Then BigDish comes to Taunton in a few days time. Winchester is also on the list. You may have noticed that most of these towns are within commuter distance of London. Earlier this month, it launched in Basingstoke and Exeter. Brighton will come soon. In fact, the company plans to expand throughout the UK.

So we could be looking at an early opportunity to take part is something which becomes really tasty. Though we shouldn’t perhaps get too carried away as all good ideas attract competition. And it could be from a firm with more expansion money.

Nevertheless, BigDish has a good idea here. And it should help overcome the trials that mid-range restaurants are said to be going through at the moment (like Jamie Oliver’s). In fact, the more restaurants struggle to put bums on seats, the more BigDish could flourish.

The share price has shot up since mid-April, but as expansion continues in what seem to me like wealthier southern areas, it’s possible that the share price will climb on each new location. After all, it doesn’t require too much dosh to keep adding locations. It’s not like buying a new lorry every week.

And now let’s rejoin the Punter’s Return.

Link to the full ShareProphets article here

 

Proactive Investors – BigDish #DISH aims to bring customers for restaurants and discounts for diners

The company’s website and phone app aims to help restaurants fill spare capacity by offering discounts potential diners during quieter periods.

The platform currently offers tables in Bath, Bournemouth, Bristol and Southampton, although more expansion is planned across the UK

• Platform designed to match restaurants with diners during quieter periods

• Operates through website and mobile phone app

• Rapid UK expansion planned

What BigDish does

BigDish PLC (LON:DISH) is a technology company that operates a platform that aims to help restaurants fill spare capacity by matching them with potential diners during quieter periods.

The BigDish platform does this by offering discounts to diners for reservations at restaurants at certain times of the day, usually when general demand is lower and the restaurant is looking to get people through the door.

The platform, which is operated through both a website and a mobile phone app, currently offers tables in Bath, Bournemouth, Bristol and Southampton, although more expansion is planned across the UK.

Inflexion points

• In an update in April, BigDish announced plans to add review functions, reservation sharing on social media, ‘new restaurant’ markers and search-by-region capabilities to its platform in the second quarter of 2019

• The company said it planned to hire three to four new developers for its team in Manila “as soon as possible”, with the additional cost expected to be “minimal”

• In March, the company partnered with award-winning digital advertiser Loud Mouth Media to help drive brand awareness and app usage across the UK

• The group is targeting a launch of its platform in Brighton in April or May as well as another launch in Essex in the same period

Blue Sky

Speaking to Proactive in March, BigDish’s chief executive (CEO) Sanj Naha said when seeking new regions and restaurants the company undertakes a “hands on” approach that involves not only online research but also speaking to local people and restaurant owners in order to select the best businesses for its platform.

He adds that the firm has an “aggressive target” of around 20 restaurants in the first month of operating in a new territory, with the ultimate aim to build up 200 per territory as an initial milestone.

“Twenty is a good number to launch with,” Naha says, who became CEO of BigDish in January having previously held senior positions at companies such as review site Tripadvisor and online restaurant reservation service Bookatable.

He also says that while the group is currently looking to target independent establishments, BigDish won’t shy away from approaching restaurant chains in the future.

“The sales cycle is much shorter with [an independent restaurant]” Naha says, which is better for a growing business. However he adds that BigDish is already having conversations with larger chains.

“I think the right mix as we go forward will probably be having a third of independent restaurants, a third of chains and groups, and also a third of smaller restaurant groups … once we have more of a UK presence you’ll start seeing more of those popping up in our territories.”

Naha adds that having around 6,000 restaurants using the platform within two years is “absolutely achievable”.

He cites the example of Deliveroo, which over three to four years amassed around 18,000 UK restaurants on its platform.

BigDish #DISH – Now Live in Swindon, New Locations to Go Live Shortly

BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce new locations as part of the expanded growth strategy.

Highlights:

  • BigDish is now live in Swindon
  • Reading added as a new location

The Company is pleased to announce that Swindon is now live on the BigDish platform. Furthermore, Taunton is expected to go live on or around 28 May 2019.

In reference to the announcement on 8th May 2019, it is now expected that a new location, Reading, will go live prior to Winchester. This is part of the Company’s plan to expand into the London commuter towns.

Sanj Naha, CEO said: “We are very pleased with the successful launch of Swindon on the BigDish platform. We are also excited to announce that Reading will launch in the near future as part of our plan to expand into the London commuter towns. Following successful launches in Exeter and Basingstoke at the beginning of May, it is hugely encouraging that the Company is on track with its growth strategy. We look forward to updating the market next week on further significant plans regarding our roll out across the UK and a new partnership which will coincide with the launch in Brighton.”

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)

Enquiries:

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

Julia Tilley

 

Notes to Editors

BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile app.

The Company helps restaurants in the UK fill their spare capacity at quiet times and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish app and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas

Brand Communications CEO Alan Green talks Cadence Minerals #KDNC, RA International #RAI & BigDish #DISH on Vox Markets podcast

Brand Communications CEO Alan Green discusses Cadence Minerals #KDNC, RA International #RAI & BigDish #DISH with Justin Waite on Vox Markets podcast. Interview is 37 minutes in.

BigDish #DISH – Operational Update

BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce further progress in the UK and an expanded growth strategy.

Highlights:

  • BigDish now live in Exeter and Basingstoke
  • Brighton, Swindon, Taunton and Winchester to go live around the end of May

The Company is pleased to announce that both Basingstoke and Exeter are now live on the BigDish app (the “app”) as part of Territory 1 and 2 respectively.  In addition, Winchester in Territory 1, Swindon and Taunton in Territory 2, and Brighton in Territory 3 are expected to go live around the end of May. Furthermore, the Company is pleased to announce that it is preparing to set its sights on the London commuter towns.

Sanj Naha, CEO said: “We are very happy with the expansion progress at BigDish. Since our successful launch in Bournemouth in January, we have added a further five locations, most recently Exeter and Basingstoke at the beginning of May. We are delighted to announce that we expect Brighton, Swindon, Taunton and Winchester to go live around end of May. Beyond that, we are preparing to set our sights on the London commuter towns, which we expect to provide strong exposure to growth. I look forward to updating the market in the coming weeks.”

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”) 

Enquiries:

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

Julia Tilley

 

Notes to Editors

BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile app.

The Company helps restaurants in the UK fill their spare capacity at quiet times and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish app and website platforms. Restaurants pay BigDish a fee per diner seated.

BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.

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