Business Updates Of Two Software & Computer Services Stocks: DISH, BKS

  • Dec 12, 2019 GMT
  • Team Kalkine
Business Updates Of Two Software & Computer Services Stocks: DISH, BKS

BigDish Plc (LON: DISH)

As most of us want to get a good deal and eat out, the restaurants also want to fill up their empty seats. So, here lies an opportunity. This opportunity is capitalised by BigDish.

Jersey-based, BigDish Plc is a London Stock Exchange listed early-stage food technology company, which facilitates the restaurant industry through its yield management platform. The company owns a mobile application and an online restaurant reservation platform. The company has presence across various geographies such as the Philippines, Indonesia, Hong Kong and Jersey. PT BigDish Ventures Indonesia, BigDish Limited and BigDish Inc are some of the subsidiaries of the company.

Yield Management platform has been doing wonders for the airline and the hotel industry, as it based on the strategy of dynamic pricing, which understands and influences human behaviour. Yield Management platform has been very effective in maximising revenues from fixed and limited-time resources.

The company believes that Yield Management platform can help in optimizing revenues and benefit restaurant businesses by bringing diners to empty tables. The customers can apply for a discount through the mobile application (BigDish App) or through its website and book a table. The company receives a fixed fee per diner seated at the restaurants.

Through this dynamic pricing platform, customers can make reservations in restaurants with up to 50 per cent discount on the food bill depending on the specific time slot in which the booking is made on the day.

The company provides the restaurant business owners with its Merchant App, which allows the users to create and promote offers on a weekly basis. This application comes along with a cloud-based facility known as Web App along with the admin panel. Thus, this application serves as an interface for restaurant business owners, through which they can manage and keep track of their incoming bookings. The application is available for both Android and iOS users.

The company got admitted to the Main Market of the London Stock Exchange for trading, after a lengthy process, on 2nd August 2018.

DISH-Recent News

The Group's former CEO, Sanj Naha has entered into an agreement with the company for consulting, where he shall provide the company with advisory services on the acquisition of restaurant businesses and technology aggregation with Electronic Point of Sale (ePOS) providers and other third-party companies which provide restaurant technology platforms.

In addition, the group acknowledges the importance of abiding by a high standard of corporate governance.  The company, therefore, is looking forward to reviewing its corporate governance procedures and processes.

The company recently appointed a new CEO in December 2019. From 2 December 2019, Tom Sumner was appointed as the new Chief Executive Officer by the group. For the last six years, the new CEO has worked in the restaurant discount industry. In the industry he has a proven track record of restaurant acquisition.

DISH-Financial position (Interim update)

The company released an interim update for the period ended 30th September 2019. The company’s total cash stood at £ 1,288,666 by the end of the above period. A new budget has been worked out by the company with a conservative strategy. The company possesses enough funding which shall last till third quarter of 2020, even in worst case scenario.

The company's business support and technology operations (in Manila) shall cost around £ 19,300 per month.  The company has presently 13 representatives in its Manila office which cost considerably less than equivalent functions based out of the United Kingdom.

The Company runs a Salary Sacrifice Scheme to make sure that cash costs are kept to a minimum.

DISH-Stock price performance

(Source: Thomson Reuters) Daily Chart as on Dec-12-19, before the LSE market close

On 12th December 2019, while writing at 08:14 AM GMT, BigDish PLC’s shares were clocking a current market price of GBX 1.32 per share, down by 0.75 per cent from the previous day. The total market capitalisation of the company was hovering around £4.62 million while writing.

In the last 52 weeks, the shares of BigDish PLC have touched a new peak of GBX 9.39 on 06th June 2019 and reached the lowest price level of GBX 1.20 on 11th December 2019. The company’s shares were trading at 10.00 per cent higher the 52-week low price mark and at 85.94 per cent lower mark from the 52-week high as can be seen in the price chart at the current trading level.

The stock’s 5-day daily average traded volume of the company was 3,443,389.00; 30 days daily average traded volume- 3,299,598.07 - and 90-days daily average traded volume – 4,239,358.26. The beta of the company’s stock was recorded at 0.90, which indicated slightly lesser volatility with reference to the benchmark index.

In the last three months, the shares of the company have delivered a negative return of 57.94 per cent. The company’s stock plunged by 22.06 per cent from the start of the year to till date. The company’s stock has given investors 39.77 per cent of negative return in the last month. 

Beeks Financial Cloud Group PLC (LON: BKS)

AIM-listed software and computer services company, Beeks Financial Cloud Group Plc is primarily engaged in providing automated trading infrastructure services in the Forex, Futures, Equities, Fixed income and Cryptocurrency-based financial product offerings to the domestic market as well as international market.

BKS-Business performance for FY19 period ended 30th June 2019

Beeks Financial Cloud Group released its full-year results for the period ending 30th June 2019 on 5th September 2019. The company’s revenue surged by 31.6 per cent to £7,352 thousand in the fiscal year 2019 in contrast to £5,583 thousand in the fiscal year 2018 due to the growth in institutional sales.

The company’s gross profit was recorded at £3.65 million in the fiscal year 2019, which grew by 22% in comparison to the previous year. The company’s Underlying EBITDA increased by 27 per cent to £2.48 million in the fiscal year 2019 from £1.95 million in the fiscal year 2018.

The operating profit of the company surged to £1,188 thousand in the fiscal year 2019 from £900 thousand in the fiscal year 2018. The profit before taxation of the company surged to £1,043 thousand in the fiscal year 2019 as compared to £747 thousand in the fiscal year 2018. The Profit of the company attributable to shareholders increased to £1,063 thousand in the fiscal year 2019 from £757 thousand in the fiscal year 2018. The company’s earnings per share (basic) stood at 2.10 pence in the fiscal year 2019 as compared to 2.37 pence in the fiscal year 2018.

The company had shown decent growth in the financial performance for the fiscal year 2019 despite an increase in the operating and non-operating expenses during the period. The top-line and the bottom-line performance of the company has shown significant improvement during the period. The company is surrounded by positive market sentiment and has enriched its sales pipeline. In addition, in the approaching years, the company looks to add more Tier 1 customers. The company is foraying into new asset classes such as Fixed Income and Cryptocurrency offerings. The company has also entered into a partnership with BeQuant Exchange (a cryptocurrency exchange) based in Malta and London.

The company looks forward to investing heavily in innovation and systems maintenance to continue the growing momentum and improve its brand’s equity of being a Software & Computer Services company.

BKS-Stock price performance

(Source: Thomson Reuters) Daily Chart as on Dec-12-19, before the LSE market close

On 12th December 2019, while writing at 08:28 AM GMT, Beeks Financial Cloud Group Plc’s shares were clocking a current market price of GBX 86.50 per share, which remained flat in comparison to the previous day. The total market capitalisation of the company was hovering around £43.90 million while writing.

In the last 52 weeks, the shares of Beeks Financial Cloud Group Plc have touched a new peak of GBX 132.85 on 26th February 2019 and reached the lowest price level of GBX 74.10 on 02nd July 2019. The company’s shares were trading at 16.73 per cent higher the 52-week low price mark and at 34.89 per cent lower mark from the 52-week high as can be seen in the price chart at the current trading level.

The stock’s 5-day daily average traded volume of the company was 33,731.80; 30 days daily average traded volume- 38,269.80 - and 90-days daily average traded volume – 92,440.64. The beta of the company’s stock was recorded at 0.81, which indicated lesser volatility with reference to the benchmark index along with a dividend yield of 0.40 per cent.

In the last three months, the shares of the company have delivered a positive return of 4.85 per cent. The company’s stock plunged by 21 per cent from the start of the year to till date. The company’s stock has given investors 0.58 per cent of positive return in the last month. 

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