|Yeh, right. Will speak soon at 200p
All the best
|Mirabaud is the house broker and therefore cannot be taken objectively whatsoever, sorry!|
You can see what the Mirabaud report says, like nurdin says you credibility is shot. We are all adults here and know the risks, if you don't like the share go away because your criticism is not constructive it just looks bitter.
All the best|
|oh FFS..you have lost all credibility....why keep posting drivel?|
|SO for a £10 bill they get 0.2% commission amounting to 2p, then split by 2, I'm sure I saw different figures, will have to dig them out.
For 1-2 p a transaction (I assume that utilities are much cheaper in China than here) you're going to have to get a huge amount of trade for this to be viable, especially since mimimum payment guarantees are in place for each province in the three year contracts.
Best to wait for those figures, I can guarantee you will all be disappointed and that more excuses will be forthcoming from the board.
Not worth the valuation and not worth the risk, it's a cut throat sector and no one has heard of it yet. TenPay are still losing money I read somewhere too(and they have their foot firmly in the door), I think in the WSJ article which I posted a while ago.|
|Imagine a world where an authoritarian government monitors everything you do, amasses huge amounts of data on almost every interaction you make, and awards you a single score that measures how “trustworthy” you are.
|Good morning all
Have been away for weekend, but here is a small part of the Mirabaud update on the Xinhua update 25/4/16
"Assuming the Xinhua app captures no more than 5% of the relevant consumer spend next year, on which a 0.2% commission will be earned, this translates into £58 million of Xinhua-related net revenue. On top of that, assuming the Shandong lottery app attracts no more than 1 million downloads out of 15 million regular players, this translates into a further £25 million of net revenue."
All the best|
|Just one additional point to my post is the utility commission rate at 0.2% was published prior to the XH link-up. This figure was net to BNN but should be revised upwards following the amalgamation. The next brokers report and certainly the NASDAQ submission will provide clarity on this point.|
|Michael Walters article, printed in April is not short of enthusiasm ! Also very useful as a background read.
|Excellent Posts today from all thank you it is much appreciated
I am surprised the stock has not had a better following lately and the price a little higher ( 1.70)|
|Yes, he is right. They wanted the whole of October before they made an announcement ideally but they keep their cards close to their chest. Announcement is probably going to be week after next.|
|Very useful info rippervale,cheers.|
|The utility commission rate is 0.2% but higher for the traffic fines (latter is surprisingly high projected income). Other commission rates will be negotiated higher as I understand it.
For example,one important point that appears to be missed, in the competitor analysis by posters, is that Alipay and Tencent etc will be utilising the XH / BNN platform in several regions and in particular in the XH offices (if they are given access).
And just to throw into the discussion, Tencent are struggling to make an impact and ApplePay is a small player (iPhones are uncompetitive).
My understanding is that the bulk data transactions across the regions has gone well and hopefully a couple of RNS announcements will emerge within the next 2-3 weeks. The administrative preparation around the NASDAQ application is done but they need the income stream nailed down before the roadshows.|
|Thanks for your updates and clarification of the FACTS all.
I have to say the more topaz keeps coming up with misleading and false information the more shares I buy, so thank you so much topaz, I have no doubt that this will be a great success and thank you for spurring me on to increase my holdings 😄|
|Well done PC..i couldnt find it.However thats what the CFO told me when I asked him in my conversation with him on the phone.I even posted it here, if I recall.|
|Yes well done Perfect C that is more like it .
Topaz has a lot of black dots floating around in her eyes looking for a problem with BNN .|
|Checked multiple sources and last April I can only find a commission rate of "from 0.2%" being quoted not 2% (source is broker Mirabaud), with higher rates for items like traffic fines, etc. Feels like somebody is having a decimal place problem!|
|She won't to that because it is exaggerated if it were 2% split 50/50 it would be to high , I think it will be around 1% to be split
I can't see why this would stop a Nazdac listing .
But thanks for the response Topfrenzy and giving your opinion please back up your thoughts now with the evidence .😜|
|Nope cant find it.The only RNS related to the Xinhua deal that I could find is this,which makes for a very interesting read by the way:
There is no mention there of the commission rate or the contract duration.
Perhaps you could post the link if you have it handy?|
|nurdin, they did when they announced the Xinhua deal around March time (as DJI).|
|Dont think BNN have ever mentioned their commission rate or the duration of contracts.
Perhaps you would like to give us a reference to your source?|
|The first leg down when the figures disappoint should be 60-80p on its way to 0.|
|I understand Apple Pay to be 0.7% commission and others not far off except BNN at 2%, which is shared with Xinhua. Deduct how competitive that is yourselves!
What's more there is a minimum guaranteed to each province, whether the transactions happen or not, and the contract is for 3 years only from early 2016. So not only can all of it be pulled from beneath BNN when the contract ends, they are also roped into payments, profits or not.
The very stiff competition is pointing clearly at the failure of this business, namely BNN Technology, that is why it is listed on AIM. It is doubtful it will ever list on Nasdaq, thus the endless delays, and smokescreen about the name change and business profile. It's only a stupid platform at the end of the day, nothing new about it and certainly years behind some.|
|Good post Rampair.
However do remember they gave us an update on the progress only about 22 days ago with their interim results.I am expecting a further update soon.
|Excellent Rampair ; I agree completely , the risk on this share is well worth the potential .
I am sure it is difficult the CEO putting out info until 100% sure which because of its location is like treading on egg shells to start with .
I think we will hear news very soon|