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
  +0.00p +0.00% 42.00p 41.00p 42.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2.1 -18.2 10.1 4.2 93.65

BNN Technology Share Discussion Threads

Showing 8901 to 8924 of 8925 messages
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DateSubjectAuthorDiscuss
16/1/2018
23:47
Well you have to use a matched bargain facility to buy and sell shares if they are not trading on a recognised exchange following a delisting. There will be many more sellers than buyers I can assure you so if you think back to your economics A level : if more buyers than sellers effectively supply has shifted to the right and the clearing price falls. If you are bullish on the future of BNN you can hold on and ride out the uncertainty. However I would have a quick look at the report for the subsidiary Brookfield UK, talking about the Group needing to severely cut costs. Given the text was I suspect written recently, as it cites the CFOs departure, then my guess is that trading is weak. But then again maybe your "sources" tell you differently.
vegpatch
16/1/2018
23:23
Veg! Why would it go towards zero? Please explain.....
and11
16/1/2018
22:17
Well PC there is no chance of recall for the shorter and no dividend to cover. So probably 3% to 5% pa ? Either way when it 1) relists - it's going down or 2) delists it's going towards zero. So if I were a shorter I would feel relaxed in the paddock !
vegpatch
16/1/2018
22:04
Stressed shorter alert - mfelt registered today and that was "its" first post on ADVFN. I wonder what the month charge is for an open short you cannot close as cannot buy shares to close short?
perfect choice
16/1/2018
21:40
My sources tell me that BNN have so far approached 12 possible new Nomads and all have rejected advances. Looks grimmer by the day. I expect a delisting RNS.
highasakite
16/1/2018
20:02
Do you people ever do any real research? How about you go and look on the accounts submitted at companies house in December for the UK Brookfield subsidiaries. £21m of group debtors have been fully written down along with the £10.2m investment in the Chinese subsidiares, or in the other words, Deloitte have finally woken up and stopped buying Mr Mercers bs. I did however hear a rumour on one of his new deals he is working on, something to do with flying char siu pork...
mfelt
16/1/2018
18:06
charlesdarcy15 Jan '18 - 14:52 - 8911 of 8918 0 1 0 Interesting comment on Mercer but sounds like another wriggle for me ------- I agree, it can easily be proved where he has been living, his passport will have Chinese visa stamps in it, so not hard to prove one way or the other. The HMRC also check credit card statements and debit cards to see where charges occurred.
andy
16/1/2018
15:41
From what I know I would say BNN will remain a "A Chinese Technology, Content And Services Provider". But I am sure there will be a review of all initiatives and some may be killed off as a result, if not seemed viable for the future. If the snippets of DM working on new contracts is true there may be even expansion of services. But the last focus stated at the AGM was to grow existing initiatives rather than add to the range of new services they are working on, so new contracts will be for new clients of current initiatives. However in current circumstances the AGM now seems a very long time ago and comments back then are probably worthless today. Despite all the changes now in management,there is still Wei Qi and Dong Jinhua in place with 200+ staff working in China. Their roots are in mobile telecoms and payments sectors and "government collaboration" (very important in China), so they are simply not going to walk away from this sector. I could be completely wrong of course and these assets I have just mentioned could be hived off into a separate business to leave a cash shell, but just don't expect that to be the route. Believe it will not be long before we find out intentions, so Jan/Feb are going to be active months for news, as has to be the case anyway with NOMAD and suspension deadlines coming up!
perfect choice
16/1/2018
13:24
All this was pre-new chairman anyway. Would be very surprised to see the company back in its previous guise, more likely now a cash shell vehicle?
errezia
15/1/2018
16:01
gemstar215 Jan '18 - 13:54 - 8907 of 8914 0 1 0 And Walters makes the interesting point that Mercers tax liability arose from the company changing his tax residence from Hong Kong to UK, without him being fully consulted..... While it may be true that the CFO believed Mercer to be UK based for tax purposes, and may have tipped the wink to HMRC, the reality is it isn't the company CFO who changes a person's determined country of residence for tax purposes, it is HMRC. If Mercer disagreed with that interpretation he could challenge it and if HMRC disagreed and said "No, you're UK based" it's hardly the CFO's fault. All Scott Kennedy might have done by interfering is to accelerate the date the tax change was recognised. If true, it does suggest of course that Mercer wasn't spending as much time in China as we'd understood. The important point now is whether the company survives; if it does and prospers then Mercer's loan and tax situation are comparatively irrelevant to the future and will become merely an expensive lesson of poor governance from the past. Personally I'm still in "wait and see" mode.
redhill9
15/1/2018
15:49
DM is now Director of Strategic Partnerships and Business Development, he is not on the Board (because there isn't an exec board right now) and I posted previously the careful wording of the RNS indicating he may not be when a new executive board is finally launched. Like it or not, he is actually pivotal to new business generation and is focused on securing further new contracts right now. For all the talk on this BB, it is only talk. The PWC report did not find anything which would require his dismissal. He may have a fair complaint about the liability causing the loan. It was not his fault he was granted an additional bonus, he asked and was given so the fault lies with those who gave it to him (now gone of course). So legally and contractually (employment wise) he is clear. Ethically though in the UK may be different depending on who you believe, but DM has support of the IIs I understand and he is pursuing new business right now. Like it or not DM is going nowhere now he is in his new role.
perfect choice
15/1/2018
15:29
Errezia . Correct but shareholder and board member and bad debt are all unfortunately muddled up here
charlesdarcy
15/1/2018
15:18
Unless there is a dilution event, Mercer is still a substantial and therefore influential shareholder.
errezia
15/1/2018
15:08
Sorry CD . But I don’t see how this company can move with Mercer involved other than strictly as a introducer of new deals in China to be agreed by the new board . No way should he be on the payroll as for the loan he should put at least treble that amount in Escrow in stock if he has no cash and the company can place that stock over the following 12 months as repayment . IMO
delboy39
15/1/2018
14:52
Interesting comment on Mercer but sounds like another wriggle for me If that was the case I am sure his appeal would of stood up unless he had spent too long in the U.K. ? Revenue are hot on that one ...
charlesdarcy
15/1/2018
14:49
PC . I book you right , not back trading yet and I am sure some poor trade numbers to show . But money in Bank and day to day business working I am hopeful our new guy can push things on now . Delboy is right a clean new future and we can see new investment coming back .
charlesdarcy
15/1/2018
14:33
Nobody is perfect on predictions, we would all be millionaires if that was the case. Game is to have more winners than losers, VRS (especially today) and JAY are MWs star performers right now and yes there have been a few disasters as well. hopefully BNN does not join that list. Yes gemstar, we are starting to find out some of the history, previous CFO created the liability by that move. Now you can appreciate the "aggro" between the 2 I guess, but more interested now on what Mark Hanson is going to do and he seems busy for the right reasons at the moment. But nothing done until the RNSs are issued as far as I am concerned.
perfect choice
15/1/2018
13:56
Everyone has howlers Andy You heard of GGP ?
gemstar2
15/1/2018
13:52
PC, The trouble with tipsters like MW is they have a positive bias. He's had some howlers in the past, Minmet being one if memory serves me correctly.
andy
15/1/2018
12:47
Article issued by MW this morning after the latest RNS with Mark Hanson taking on the role of Chairman. Can tell he's been investigating details with the information presented. Another case where a potentially more positive view (but still nothing is guaranteed) is taken, as has been shown with other posters last week. News flow should ramp up soon as you hope for delboy39. Mark Hanson seems to be making an impact and with full II support. Definitely "phoenix raising from the ashes" potential but want to see those RNSs coming out first!
perfect choice
15/1/2018
11:58
Let’s hope for a lot more news coming out from BNN now . Us shareholders have had a tough time 2nd guessing here for the past 12 months . It’s the new Chairs chance to get as much bad news out to shareholders as needed . And then start following up with the future and new clean future
delboy39
13/1/2018
14:20
Andy,thanks for your comments. the new team should run an analysis of total expenditure by DM (on overheads and investments) over the last two years relative to the return to the company. They should also look at the past five years of company announcements and broker forecasts against what actually happened. They should then decide whether it is appropriate to present DM to the market as part of their new team going forward. This decision should be entirely disassociated with the company's recovery of the loan, which is a separate matter.
balance1
13/1/2018
10:20
Balance1, I agree, I think the undisclosed bonus was a step too far and they decided to disassociate themselves at that point. I agree with your Harry comments too, you have to ask why how was given the position, with no relevant experience, and so remote to both the head office and the field of operations? A new fresh team team brings hope for sure, but DM, the recipient of the undisclosed bonus, is still there, and I wonder if that will be an issue going forward? And DM still owes the company money, and one wonders if he will repay the sum owed, or whether another way will be found to offset some or all of it?
andy
12/1/2018
17:51
No surprise in the RNS OUT WITH THE OLD IN WITH THE NEW BOARD
genises
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