time will soon tell.
In the mean time I see you all will be posting a lot more regularly trying to lower the price as it goes up.
Watch out for the several RNSEs about to come out from the USA.
May be the directors would like to buy a few shares on the open market which will get rid of the shorters very quickly.
Back to work lunch break is over.
Onwards and upwards
Don't take it personally.
Stock markets owe you and I nothing. I am merely pointing out what I feel to be inconsistencies. Interestingly you didn't answer my questions / points in the post.
Read this and have a think. It was written by James Montier, a well known behavioural economist:
"James Montier wrote: "It never ceases to amaze me that whenever a major corporate declines the short sellers are suddenly painted as financial equivalents of psychopaths. This is madness, rather than examining the exceptionally poor (and sometimes criminal) decisions that the corporate itself took, the short sellers are hauled over the coals."
Incidentally BNN qualifies for the James Montier holy trinity of traits that he looked for when shorting a share.|
|remember you shorter boys!!! As hard as you try to disrespect this company l & many others will knock you back... if your hoping for a great return in your shorts, unlucky you lose big time... pitty as it was fun talking but you will end up bust...😂8514;😂ԅ14;😂|
|Oh!!! & by the way all you shorters are in for a hard time...bless you😩😩;😩😩|
|Listen vegy boy! Nice try.. but you & your friends are suggesting that BNN is pure made up!! Which is quit amusing as the business has been around for 10 years + which is probably 10 years more than your short legs have been around here....you will lose & by s long haul...|
|A small correction benstamp to one of your statements. (The auditors were happy that the company had sufficient cash prior to the recent fund raise)Not true. Going concern is tested when the accounts are signed not at the balance sheet date. So the 25m was committed at that point. Even DM would struggle to burn through that within a year.|
stories are fantasy.
What part of what I have said is made up?
did you check out the web links?
were they as advertised with mistakes? or error free ?
can you name many multiline businesses from the outset that have been successful?
over to you|
|What a lovely story Vegpatch!!! I almost had a tearful moment... you shorters are pure class...lol...nothing else to say.. just amusing...😂😂😂28514;|
I was having a think about what you said. I understand where you are coming from in terms of thinking about potential. We invest in the future, not in the past. But we must learn from teh past or we are consigned to making the same mistakes in future. In BNNs case I am not sure that history is on your side.
The most successful companies that I can think about start out as monoline businesses eg Facebook - social media, Amazon online shopping (but the real jewel is AWS), Ocado (great growth but not in terms of ROCE), AO.com - appliances online, admiral insurance - motor insurance, Google - online search. Once they start to dominate their space they branch out. But BNN appears to be branching out before it has done anything of financial relevance. BNN bills itself as a "Chinese Technology, content and services provider"
BNNs primary activities are engaging "in providing technology to partners to facilitate fulfilment of payments online and on mobile apps through partnerships or affiliate agreements and, developing digital content, both online and mobile.
BNN is now attempting the:
Creation of a student services platform in China encompassing recruitment, financial services and private equity funding
Establishment of a credit rating platform with local partners in a largely unexploited market
Actually there are some REALLY worrying mistakes on the website. I went on it it when I was searching for what BNN actually does
1. on a mobile (iphone) go to www.bnntechnology.com - i have tried it on 2 different iphones and get a messy, scrambled landing page (this could be mine and my wifes phones) but try it for yourself
2. hxxp://bnntechnology.com/results.php - look at the top left box about the recent placing and the date is wrong. basic error
3. hxxp://bnntechnology.com/news.php my web browser shows the £ signs as ? marks
This smacks to me of a company that is cutting corners and not taking time to do it well.
I dont necessarily think you will agree with me because we clearly see things from different ends of a telescope. But doesn't it make you feel just a little bit uneasy ?
Finally a market cap of c£200m.
Thats a lot of potential already in it. The risk reward just doesn't stack up in my view.|
|Be stamp ;
Just read your post ,, excellent ,,
I got the feeling very well connected 😊|
|I'm firmly of the belief that this sector is the one to be overweight on, tuck in here while the goings are cheap still! Huge growth ahead, the company has turned a massive corner IMO.
|newmanontheblock you are so right !|
|Blinking heck PJ 1. I have not read or heard more tripe when looking at investments in a long while. And that's saying something on this BB. Go read some Harry Potter, you muggle.|
|benstamp27 Apr '17 - 20:31 - 3537 of 3537 0 0
If you sit back and look where the company is, in my view it is very simple. I am not into looking back as that is easy to do but instead am taking a forward looking view as the market will do in due course
'' Those who forget the past, are condemned to repeat it''|
|Benstamp. Great 1st post.|
|I have been watching with interest the comments on this board for some time and have up to now kept my thoughts to myself, but as an investor in BNN I have been shocked by the recent negative and in my opinion false comments regarding the company by a number of new posters, I assume as others have mentioned it may well be the shorts posting these comments as they are become more and more concerned regarding their positions following the recent fund raise and various new initiatives announced. They are simply trying to scare shareholders into selling some or all of their holdings with the aim to reduce the share price in the short term to save their own bacon, In my opinion their days are numbered and this simply will not be the case.
If you sit back and look where the company is, in my view it is very simple. I am not into looking back as that is easy to do but instead am taking a forward looking view as the market will do in due course. (I personally have bought in at prices between £1.60 and 68p and like many others am still under water)
The company we know is now cash rich and yes although it currently has a monthly cash burn of c £2m this burn should shortly if it has not already begin to reduce due to the various income and profit generating activities coming on line via its unique partnership with the Chinese news agency and others.
I would have thought that if only a small number of these opportunities are harvested in H2 then the cash burn would have reduced significantly and the company may even be in a cash generation position by the end of the year. (The auditors were happy that the company had sufficient cash prior to the recent fund raise)
I could list the myriad of opportunities the company has already carved out in this high growth mobile transaction and app arena but I am sure that you are all aware of these from the last 12 months RNS feeds.
If a stand alone company had just one of these opportunities pre earnings and pre revenues, (Chinese Student gateway with government backing or the Petrol Station wallet partnered with the leading petrol forecourt players) the rights to just one of these opportunities would justify a significant valuation on that company before it had even started to trade.
BNN with its multiple opportunities is looking amazingly interesting in the short, medium and long term, I understand a number of investors are looking for a short term gain and others who have been stakeholders since the initial lottery days have seen the stock rise, fall and rise and fall again in BNN and to all those investors I wish you well and I am sure that in the not too distant future you will get a significant return on your investment even if you bought at the high of £1.70 share price last year.
However lets for a minute take a little longer term view (which I know will be taken into account by the various analysts who will follow BNN after its`nasdaq listing)
They will look at each opportunity re potential revenues/timing and anticipated margins and then apply a multiple then they will then discount this back to present day valuation. I have done my own numbers and to be honest the numbers look incredible.
Look at the Listings of Amazon, Facebook, Snapchat etc. Yes some may have had significant revenue streams pre IPO but just look at their valuations, it was the future earnings that excited the market and put such a high valuation on these companies IPO's. Did anyone complain about what they had lost historically or how much the cash burn was the day they listed? I don't think so. I suggest you take a look at listed J.D.com which is still a loss making business that is on nasdaq and is today valued just shy of $50bn.
BNN now has the blocks in place to become a significant player in its market but what is that market,? Football? Mobile top ups? fines and utilities? Students? petrol payment mechanism? .....etc. Although each individual initiative in its own right will generate significant revenue and profit streams the holy grail is Data mining. and when the various users from the above initiatives, the sticky content and all the transactional and other data is woven together as I read in the recent RNS from the company New even more significant opportunities will become reality not only credit scoring as per Experian but a whole host of other data revenue generation opportunities. Once this occurs the company will have a valuation none of us can today imagine.
I wish all investors the best over the bank holiday and I personally am excited at the prospects in the short, medium and long term for BNN,I am a holder and buyer.|
|Astra and Charles,
You have restored my faith in Institutional Investors. It seems they don't necessarily fritter their monies away without due diligence after all.|
I agree with a lot of your post , and for sure
The investor would of been calling 80p when the stock was around 1.10 .
Cash is king and taking stock in a Aim company for cash is always a discount for sure .
But it is very good news that they have the money now and also who has put the money in
It will be interesting DD as we get close to the listing .|
|I'm not sure it's that great an achievement raising £25m @ 80p when the shares were pushing 140p at the beginning of the year and 120p a matter of weeks ago.
The shares had been on a declining path for some time. Who knows, leaks from the company re the poor Q1 figures, or perhaps the institutions called the shots and said 80p top wack. Having said that, it's a good thing that they have got the cash, as they are going to need to spend a lot to capture market share, that is all normal for a company at this stage.
I have a reduced long position here, happy to see how it pans out but the company have got a lot to prove. They need that sales traction, last year they told us it was coming via all the different deals and initiatives. This year? A different set of deals and initiatives, perhaps they will fare better. But , going on past form, you can't bank on BNN to give you a straight answer as to how they are faring.
I accept it's all about potential, but a sobering thought is they earnt a pittance on Q1 GTV. Market cap of £175m is ,imo, taking some of the forward growth in the price.
Wonder where that broker note is, seems a long time coming?.....
The extra scrutiny of Nasdaq will be most welcome, but as they have been promising a listing for years, it will be something of a relief when they finally manage it.|
|Actually Jaknife, forget that. I notice from your Fools profile that you describe yourself as a 'relaxed/value/patient/lazy investor'. You probably didn't need to specify the lazy bit though, it's quite obvious|
|JakNife - please, what is your opinion on the fact that BNN successfully raised £25m* in equity this month from institutions? One of these was The Capital Group inc. which appears to be a pretty venerable US fund manager and now holds over 11%.
As far as I can see, there were no onerous clauses attached, and I'd have thought these people were as clear-sighted as yourself. I've known institutions to be pretty dim in the past: maybe that's the simple explanation?
Incidentally, I don't hold BNN and never will: the name "China" is red flag enough. Nor am I short - I wouldn't know how!
* Actually, it's up to £25m, depending on a vote.|
|Jaknife - I hate to butt in to such a reasoned debate but you clearly displayed your limited knowledge of the company on Monday. How about you put all of your pressing concerns about the company into a succinct and well-mannered post and they can be answered for you.|
|lol lets have a look at a pass recent post
It would be polite (but not essential) to warn the registrar and Chairman of what you intend to do in advance. I had to do this once for my employer and, despite following the above protocol, the Chairman made sure that he "fired laser beam eyes" as well as firing derogatory comments about time wasting, etc, etc|