Share Name Share Symbol Market Type Share ISIN Share Description
BNN Technology LSE:BNN London Ordinary Share GB00BNBNSF91 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +11.25p +16.61% 79.00p 80.00p 82.00p 80.75p 69.00p 69.00p 2,241,258 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2.1 -18.2 10.1 7.8 176.16

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Date Time Title Posts
23/4/201715:30BNN Technology plc3,295.00
18/4/201709:39micro app4.00

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BNN Technology Daily Update: BNN Technology is listed in the Travel & Leisure sector of the London Stock Exchange with ticker BNN. The last closing price for BNN Technology was 67.75p.
BNN Technology has a 4 week average price of 62p and a 12 week average price of 62p.
The 1 year high share price is 174p while the 1 year low share price is currently 62p.
There are currently 222,987,523 shares in issue and the average daily traded volume is 1,275,216 shares. The market capitalisation of BNN Technology is £176,160,143.17.
desmondd: First post for me on here, followed this share closely for the past year. Fascinated by much of the discussion and would make the following observations: on the positive side, the company has clearly found several potentially lucrative applications for its technology and its movement into the payments sphere, while hardly lucrative at present, shows its platform to be robust in handling huge transactional volume and has consequently opened up a range of revenue streams. The petrol deal alone is, I believe, a game changer, whilst the most significant future revenues may well come from the huge potential value of the data it is collecting. I will leave it to the analysts to attempt to quantify the potential value of these revenue streams and await the next Mirabaud note with interest - hopefully a more accurate attempt than some of their recent analysis. On the negative side, BNN's PR and consideration of its shareholder base has been appalling. Like so many small companies who successfully raise funds in the market (especially on AIM), once they have got the cash they rush to do all the exciting things that money allows them to do (nothing wrong with that in itself, indeed precisely what shareholders want them to do),but forget to keep their investors properly informed along the way. In a vacuum of information, a share price only moves one way. BNN have learnt this to their cost - the deals recently announced, (in themselves further evidence of an energetic company making good strategic partnerships and opening up exciting new revenue streams) were overshadowed by the chaotic share price movement ahead of the announcement and placement details. Consequently the company has been forced to raise money at probably a 30% discount to where it would have expected when it first entered a closed period to discuss the fund raising with its institutional shareholders. Everybody loses, with many of us smaller shareholders feeling ignored and disillusioned by the share price decline. So which way now ? Despite the mismanagement of information flow, for me the exciting potential of BNN remains and I expect the share price to move ahead strongly ahead of the Nasdaq listing. Perversely, I find the comments of some of the new bears on this stock most reassuring - when the likes of Lucian Miers of Shareprophets proudly announces that he "had not heard of BNN before last Wednesday" and then states, after cursory inspection, he has opened a short position at 80p, I am interested in his reaction following the news of the placing at that price, the deals it funds, and how the company is now positioned ahead of its proposed Nasdaq listing. Somewhat arrogantly, he suggests BNN should be congratulated for persuading those institutional shareholders, all of whom have known and understood the company, its management and business model for considerably longer than "last Wednesday", to continue to support the company. That support is likely to continue, now that those institutions and insiders, previously prevented from buying shares during the closed period preceding last week's news, can once more buy shares in the market. The next significant move in the share price looks to be to the upside.
topazfrenzy: From Connor Davidson on Twitter yesterday now that you mentioned him, this chap knows what he's talking about, I would strongly recommend you read all his posts regarding BNN. From yesterday: 'BNN Technology has burned >£22M of investor money since April. Cash burn averaging £3M per month. Time to get the confetti blaster ready...' 'BNN Technology is massively over-promising and spectacularly under- delivering.NASDAQ listing going to take almost 1 year (normally 6 weeks)' 'Trading in BNN Technology today was very suspicious. Shares crash on open then recover. Then update published resulting in a second crash.' 'Despite the relentless decline in BNN Technology's share price it is not cheap. Still very expensive. Much further to fall.' Connor writes for Seeking Alpha.
waronbuffet: Chaps, There is seldom anything new in heaven and earth. Nothing whatsoever has changed BNN's trading prospects. Today is simply the last day of the tax year and an already volatile stock has suffered and been appropriately gamed by the more able professional investors on the back of too little news. They (Topaz ? Iamrich ?!?) should be applauded as a lot of you clearly bought into and fell for the long game Topaz has been playing for many months now, to their doubtless considerable profit, when it was (and remains) obvious that this is a long term play with strong fundamentals, the relatively poor PR and lack of early results notwithstanding. I suggested a few months ago that you should all log off for a few months but am probably betraying my age by suggesting that the fall in share price has more to do with the desire for instant gratification and cynical manipulation than any general strategic understanding of or disappointment with a considered business plan. BNN will I have no doubt prosper but Rome wasn't built in a day (or a tax year) and nobody promised you news before the ISA cut off date. If I traded more often I could have made a killing today but I have stuck with my promise to look at this share price only infrequently as it is a long term play, I am heavily invested and too long in the tooth to worry about day trading losses, particularly today. Given the lack of immediately positive news, the nature of AIM stocks generally and the nervousness this particular board seems to engender I am not at all surprised to see where the share price sits tonight. For the record Topaz, I suggested to my wife last night that this is what would happen today but I will not however be selling (despite a considerable six figure paper loss today alone) until this lists, which it will. Keep on dancing ...
monts12: Statement re share price movement and Trading Update The Board of BNN Technology (AIM: BNN), a London-listed Chinese technology, content and services company has noted the share price reaction over the past week and is not aware of any reason for today's share price movement. Trading Update Gross Transaction Volumes (GTV) through the company's platform have continued to progress well in recent weeks. Gross transaction volume has grown by 46% to over GBP400 million in the three months to March 2017, following GBP273 million in the three months to December 2016. The company's financial results for the 12 months ended 31 December 2016 are scheduled to be released by the end of next week. The company's NASDAQ listing process is also progressing, as previously announced. We are working towards completing the listing in Q3 2017. Supported by the launch of the recently announced motorist platform, which we expect will generate revenues in H1, we continue to expect significant revenue growth for the Group in the current year. Since the initial announcement, we have added a second major fuel retailer to the motorist platform, in addition to the market-leading operator already reported. The company continues to operate with a strong and healthy balance sheet, and began the calendar year with approximately GBP28 million of cash and cash equivalents.
and11: It would be good to have some news! Ideally early April showing results from 2016 & Q1 2017 providing solid growth with revised forecast no's, update on Nas listing, update on new agreements/partnerships & an update, review & latest forecast/ targets for BNN share price from our brokers! Hopefully this will arrive ahead of the new ISA allocation 2017/18 which is now 20k from April 6th... come on BNN..GLA
d_gould: For me the deal with T-Mall looks very promising too. 'The cooperation agreement also allows for NewNet to work with local partners on a broad scope of payment services in addition to the motorist platform that are proposed to launch through the national Xinhua News Mobile App, provincial Xinhua news apps and T-mall store (Taobao)' This means more B2C and B2B transactions being made and therefore more revenue for the company. This is a huge marketplace for B2B and B2C, T-Mall furthermore having a massive market share and being part of the Alibaba group - all very positive. Good to hear update on NASDAQ, this may take longer than expected IMO and I think the company will IPO later this year when they have sorted all requirements from the SEC.I think if the SEC were to reject the application (remember DJI tried to register a previous listing before the lottery ban, but the this time BNN has announced F-1 Submission and Formal listing process after initial applicational announcement, which did not happen the first time)it would have been done by now. This is now simply a case of whether BNN can meet the SEC requirements, I believe it will as the year progresses. Would have hoped to see some advancement regarding live services being launched in this RNS, however this maybe subject to delay and referring to the Motorist services being launched in H2: (Any thoughts people?) 'In addition, we are in advance stages of negotiation on several significant contracts. These include contracts to support new B2C services launched on the Xinhua News Mobile App, working with prestigious national partners. Our technology will allow consumers in these sectors to make payments and update information with ease and security using their mobile phones. We are hopeful these services will go live in the first few months of 2017. Together with the contracts and initiatives announced today, these new revenue streams represent significant potential for both higher margins and valuable customer data.' Overall for me a very positive RNS, it would be nice to have some more transparency regarding financials. Although we will have to wait for the end of year results I imagine. I am not expecting massive revenue generation from 2016, as we only were told of 120 million gross sales through one B2B revenue stream (mobile top ups). On one hand this shows how much revenue even one payment sector can generate in such a small time (I know BNN take a commission)and shows the great potential for how much revenue can be generated through further deals. But at the same time i'm not sure how much profit the company would be making from this revenue stream alone. For me the company and its partners' exclusivity for these transactions with the National Chinese News Agency is a great opportunity. I see it as the government trying for a market share in Fintech payments and online presence, which is dominated by two main companies. BNN and its partners will be the sole providers of the payment processing for the APP and could not be doing it for a better / bigger institution. Hopefully we will furthermore see the ban being lifted for online lottery sales this year, (which BNN has now moved its lottery assets to its partner with 48% ownership)and will generate a lot of revenue with further state deals and provisions. I still think we are in very early stages of seeing the true potential of BNN and the rollout of its services, but a very promising start nonetheless. Maybe people were expecting more, which is why the share price has dropped? But I'm not sure personally. I don't think the massive investment banks / institutions invested in BNN (check their website) are worried about the day-today share prices as they see the future potential of the company, but i'm sure shareholder value will be increased as the year goes on and more is revealed. GLA
perfect choice: Yes target date for listing The prophet to tie in with other listings of a China nature. Progress detail will come before then as you say, notably the decision by BNN of their advisor from the 3 currently short listed. credock seems to see the Nasdaq listing is a key dependancy for the share price, I do not. It may well help on a re-rate but it is not a key factor for BNN's valuation. BNN is valued on its prospects it can deliver so news on revenue enhancing deals is what will propel BNN forward with or without Nasdaq, which I regard as a potential accelerant to the success of BNN. It is not a "do or die" situation on the future of BNN as some seem to want to think. Fully expect it to happen, just not putting an absolute deadline on it. AIM stock, Nasdaq and China all spell out the worst combination for accurate tilings.
khitchen: Something needs to be done to have a marked increase on on the BNN share price
knarf: The USA one China policy has now been settled so it's business as usual.This should settle the Trump question once and for all,and have a marked increase on BNN share price.
credock: Yes thankyou , all the best , but the best help would be a BNN share price of £2 plus LOL.
BNN Technology share price data is direct from the London Stock Exchange
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