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BigDish rallies on overhang clearance

BigDish is rolling out its yield management platform across the UK
BigDish helps fill tables at quiet times

Restaurant booking app group BigDish Plc (LON:DISH) rallied as it said a stock overhang that had weighed on the shares had been cleared.  

Joost Boer, chief executive, said: "We note the recent share price volatility on the back of thin volumes but believe the overhang in the market has now been removed and we look forward to future positive market updates."

READ: BigDish launches upgraded app for restaurants

BigDish has launched the beta UK version of its yield management platform in Bath and is targeting up to 6,000 restaurants across England, Scotland and Wales by the end of 2019.

The firm’s app enables restaurants to offer customers discounts at quieter times to boost revenue and is already in use in the Philippines, Indonesia and Hong Kong.

Shares rose 13% to 2.25p in early trading.

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