BNN Technology Share Discussion Threads

[topazfrenzy] 05/4/2017 18:34

Company still valued at £145M after the drop, totally absurd for the pitiful revenues they will be announcing IMO

Worth £50M max at this stage

[topazfrenzy] 05/4/2017 18:33

All those late trades showing are obviously the big sells that cratered the SP, so the big boy(s) unloading was(were) looking for around 75p

Expect more unloading over the coming days and weeks IMO

40p next

[monts12] 05/4/2017 18:26

ripplevale
thank you for your reply

[ayesha4] 05/4/2017 18:10

Can you copy and paste the note that states $13b for 2017. Please make sure you have the correct year.

[astralvision] 05/4/2017 18:00

Ayesha4No need for that. The broker forecast from Mirabaud from last year for the Xinhua deal was for gross transactional volume of £13bn on which they forecast margins of 0.46%.Today's figures for Q1 look nowhere near those sort of levels, even allowing for growth being more weighted as the year progresses.And don't forget those forecasts are without the further deals released August and December last year and March this year.If you've got a different take on it, fine, let's hear it.How much revenue, as in attributed to BNN, do you think they made in Q1 this year? I would estimate £1m.I'm as disappointed with all this as the next person, but I see no sense in trying to dress up what are pretty abysmal figures. That is partially the fault of BNN for hyping expectations. As for listing on Nasdaq, that is clearly on the back burner until they can gain some real sales traction.

[perfect choice] 05/4/2017 17:42

Been really busy this afternoon so missed the action since this morning. Well what a day, that's wiped out all my profit in 2016-17 in one go, the challenges of deciding to hold through these events. At least I do have 1 buy earlier today which is profit still, its all the rest which are in a loss though! Recovery starts tomorrow at the beginning of the new financial year.

[paulpaolo] 05/4/2017 17:30

I don't think it is good for posters to call one another a "nasty piece of work", and I'd avoid excessive exclamation marks as it doesn't read well. BNN looks well-priced now for buyers. Funny old world. I think there will be a recovery, don't know when though. When I have lost patience and sold out before in similar circ's e.g. FOG I have usually regretted it. So I'll not sell.

[and11] 05/4/2017 17:14

10million + shares traded!!! Plenty of big buys at close!! New tax year tomorrow!lets see what tomorrow brings! Hold on tight! GLA

[bobbyshilling] 05/4/2017 16:56

The board haven't said the figures are not up to expectations and a 46% compounding rise in transaction volumes every three months will make pretty impressive reading in the not too distant future. The rns was issued to keep shareholders informed, which I think most of us appreciate; better than being left wondering. I can't understand why the share price has dropped so much in the last few weeks and especially today, but we know the share price moves quickly with this share in either direction. My take on today's rns is that the board seems more surprised than alarmed.

[pre] 05/4/2017 16:42

always dyor as there will be posters who sold today judging by the tone of some posters..nice UT at end, dyor etc folks:-))

[astralvision] 05/4/2017 16:30

Prospects don't look quite as enticing now, as the figures look rather mundane.

[gswredland] 05/4/2017 16:24

You are brave

[nurdin] 05/4/2017 16:23

Yes I agree,this will start moving once the dust has settled down The prospects havent changed,just the execution is taking slightly longer than expected.I will buy back if drops any further,although with a nervous hand.

[wla2510] 05/4/2017 16:19

No point pretending it's good but these volumes are not that high. BNN is mostly owned by a few who wouldn't be permitted to sell ahead of the financial update. This was at 60-70p this time last year as I recall before pushing on to £1.74 was it. Since then everything has improved though NASDAQ listing has clearly taken longer than expected! I see this up above £1 quite quickly and further up as NASDAQ listing approaches.

[topazfrenzy] 05/4/2017 16:15

Biggest volume ever and with a drop to match, this is certainly ugly ... someone dumping without hesitation, next stop 40p

[someuwin] 05/4/2017 16:09

Exceptionally high volume today. Multiples of what has been seen before (see long term chart in the header).

Huge drop on such high volume can not be good.

[monts12] 05/4/2017 15:58

Ripplevale
you stated earlier in the day that you had bought large volume. Does this mean you are a holder/buyer at these levels?
I ask because of your post 2635

[pugugly] 05/4/2017 15:57

Yet another Chinese takeaway - Blee velly clarfull with Chinee - velly often egge on face -or Losse face !!!!!!!!!!!!!!!!

[astralvision] 05/4/2017 15:52

the figures look like they've gone ex growth to me, figures are plain rubbish, imo.
I'm out.

[pre] 05/4/2017 15:48

should see strong bounce tomorrow....new start of tax year...nice rns and all going nicely imo...dyor etc

[and11] 05/4/2017 15:48

Nurdin! Thanks, & you maybe right, but let's see what the results are! They still have plenty of cash & growing revenues month on month! Time to just wait after the trading game playing this afternoon! If there is s big seller it will be interesting to know who it is!! GLA

[wla2510] 05/4/2017 15:45

It's not a normal trading day it's 5th April