BNN Technology Share Discussion Threads

[ripplevale] 07/4/2017 09:14

To Perfect Choice

I would be hesitant to invoke the £50m figure as it was based on the Mirabaud report on projected transaction volumes on the XNA app.

We now know usage of the app has flatlined and possibly even decreased on a monthly basis rather than the spurious quarterly comparison in the hastily prepared RNS.

Volumes are running approximately at 10% of what was projected from the 4/8/16 report. These figures are disappointing and proof of the business model is some way of.

There are other concerns I could go into but the app numbers are the bottom line.

[and11] 07/4/2017 09:14

This industry is all about crabbing registrations/Data!which costs huge amounts of money, but the big picture is massive revenues/returns on investment, acquisitions, takeovers & then ultimately consolidation in the sector!! BNN is well positioned to maximize in this sector in china, with revenues going from strength to strength. loses will turn into Proffitt's & pi's will be rewarded!!! Be patient & ignore TP & here crew of sad individuals....

[squiresquire] 07/4/2017 09:02

Yesterday!!! Sheer hatred venom and spite, no logic or company knowledge at all.

topazfrenzy - 06 Apr 2017 - 14:03:51 - 2730 of 2766 BNN Technology plc - BNN

Very likely this will close in the low 60s even the high 50s today I think ... peeps who think they are buying the dip are in for a shocking finish ...

[bookbroker] 07/4/2017 09:00

Best to get out and stay out, this stock is al about chasing rainbows, the evidence in the statements does not match the bravado!

[perfect choice] 07/4/2017 08:53

TP is driven by any tactical way to improve her position. Yes cash burn is happening and reflecting £36M per year. The motorist RNS alone is forecast to generate £50Mpa when full up and running and they already have agreements to cover 80% of all petrol stations in China for pre-pay fuel purchases. I can potentially see some additional finance being raised when BNN go onto Nasdaq (which will happen) but apart from that, BNN already has a defined route (even before more deals are announced) to cash flow breakeven and beyond. End 2016 results may only show a few million revenues (early stages of ramp up) so expect garbage to be posted on running out of money, etc. Those revenues are actually expected and it will be the forward looking statements and new revenues growth already in the pipeline which will be the driving factor and interest at results time.

[wla2510] 07/4/2017 08:49

I don't see a 30% drop or an unsustainable business. I see re-assuring information w/c 17th April supporting a return to the £1.20 mark give or take 10% but maybe higher dependant upon how the market reacts to the potential which is becoming clearer. There will. I doubt be ups and downs but as the other revenue streams kick in the value of the business will build and so will the share price just as BNN finally get their wish to list on NASDAQ around Aug time

[squiresquire] 07/4/2017 08:45

TOPAZ

Your continued and somewhat frenzied posting said yesterday it was going down to 20p.
Now you are saying its going down to 56p. Are you mad or simply vicious, what is it that is driving your hate so much.?

Do you not realise how ill you make yourself look by these rantings you continually post?

Youu are clearly driven by spite and hatred, but of what i find confusing.

[ipeesquint] 07/4/2017 08:44

I will settle for £50 a share £120 - 130 may be too ambitious !

[topazfrenzy] 07/4/2017 08:40

Get out before the results, Connor Davidson on twitter is spot on regarding this one, you have been warned many times. I see a 30% drop minimum after results, cash burn at £3M per month ... pathetic revenues, unsustainable IMO

[squiresquire] 07/4/2017 07:38

so we recovered from the shock drop fueled by all the posts that simply lied but in volume post after post spouting nonsense people believed then sold on only to find the posters then buying stock. It went up over the last couple of days and now we are due the results next week that look like being quite stunning.

The give away RNS has pointed out the hugely acretive actions BNN has taken recently with its mobile top up vouchers and insurance aimed at car drivers. Millions and millions of 'em. Wonderful and massively profitable. Roll on the results and roll on the £120-130 area we are heading back to before results are RNS next week.

[charlesdarcy] 06/4/2017 22:43

90p + tomorrow

[tsmith2] 06/4/2017 22:30

Defo felt like a bear raid. Shades of paysafe which has more than recovered. Tomorrow will be interesting

[topazfrenzy] 06/4/2017 22:10

Chorus, I admire your input very much and you are right Connor certainly woke me up to the reality here.

Each to his own, GLA, I warned at around £1.50, I sold luckily at £1.60, people should certainly heed the crash yesterday, which HAD NOTHING to do with me!!!

[genises] 06/4/2017 22:00

Not the first time a bear raid has been done on a stock on Aim and won't be the last.
Hence why I never use a stop lose.
Yesterday was hair raising.
Look forward to results and news on new Ned and all other news.

[charlesdarcy] 06/4/2017 20:45

Agree ;

The Cheshire Mafia swoops again 👀

[newmanontheblock] 06/4/2017 20:44

Tbrock2. Honestly, a share cannot drop that fast without some sort of bear raid, given no official news from company. People need to start getting real here. This is a share, not without risk...but it is certainly being manipulated. The company is heading towards exciting times, but IMHO, the CEO and FD have been naive in their stance on communication. Sure, they are somewhat tied with what they can say regarding get Nasdaq, but they maybe fluent in Chinese...but they need to improve quickly and become fluent in AIM language!!

[tbrock2] 06/4/2017 20:23

If it was a bear raid (yet to be seen), it just highlights how lightly regulated AIM is. Hope someone has reported.

[ilovetowin] 06/4/2017 18:07

Small free floatSets tradedEasy to raidIf you noticed yesterday WINS was selling this hard and now its mostly on the bidHats off to the raid. It's over now.

[ilovetowin] 06/4/2017 18:04

It was a bear raid.

[and11] 06/4/2017 17:15

Seeking Alpha! Really! If that's what your basing you reasearch on Topaz! Good luck...move on please! Lol

[ssc85] 06/4/2017 17:09

He's written 9 'articles' in 2 years, 3 in the last year. Hardly a trading guru. None of which are on BNN FYI.

[topazfrenzy] 06/4/2017 17:03

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.

[topazfrenzy] 06/4/2017 16:52

Well we shall see, as what makes things go down hard happen for a reason.

I don't believe anything this company says any more, they have continually misled regarding the Nasdaq listing (years late and now Q3 lol) and the growth of the company, figures will clarify the latter matter soon enough.

[wla2510] 06/4/2017 16:46

I had a little respect for you when it dropped to 66p yesterday as you sort of predicted it. Now you are talking nonsense. The underlying business based on solid profit estimates which will be borne out soon supports £1-£1.20 IMHO and there may well be some
great new revenues coming from new areas and in the next 3 months the Chinese Government are going to restore the lottery and BNN have a very decent chance of benefiting from that given their connections. Every prospect for £2-£3 in the medium term (6 - 18 months) IMHO.