BNN Technology Share Discussion Threads

[and11] 13/4/2017 10:32

Wow!!! Very bitter Nurdin... you've made your choice now move on! GL with your new ventures

[nurdin] 13/4/2017 10:28

There is no business case here really.Suspect XNA much rather deal with Alibaba than a poxy little company run by Brits!Suspect all the app activities of BNN will ultimately be taken over by Alibaba who will do a much better job than BNN have been able to so far Sorry not trying to deramp , just expressing my opinion.

[bwilder2] 13/4/2017 10:21

Still havent completed the forms for nasdaq yet.

[and11] 13/4/2017 10:21

Today's news sets BNN up nicely for entry to the Nasdaq! The broker update will make interesting reading especially with the current & new contracts on board & how this will be priced in... clearly BNN are creating a monster of a company that is growing rapidly! Most of the cash burn in the last 12months has been on new contracts, which is hardly surprising with the requirement for diversification! I believe BNN had set there contract aspirations some time ago & now seemingly have been rewarded with these opportunities. Now time to maximize the potential of these contracts! With the cash in the bank they are well positioned to exploit these markets... even if they only achieve a small fraction of there targets this business will be huge & probably on the radar of the big boys in China, although l would think they are probably already on there radar as a takeover potential as they would be considered a cheap stock...

[bwilder2] 13/4/2017 10:19

Placings have to be worked out well in advance.It just doesnt happen over night.So how did they know to make the dilution 80p ?Would they have taken the offer if we were still a pound.How can you ramp this share .

[wla2510] 13/4/2017 10:17

Nurdin, hope you got out with a profit. BNN definitely isn't for everyone and the last few weeks have been miserable but for those who can wait a few months longer I feel the rewards will be considerable and the funds seem to see it this way too IMHO.

[nurdin] 13/4/2017 10:05

Cant afford to lose any more money on this and11 !

[and11] 13/4/2017 10:03

nurdin! Interesting choice at this stage.... GL..

[nurdin] 13/4/2017 09:56

I am out completely now.Didnt like the cash call to chase yet another avenue.No guarantees that it will not go the same way as their previous ventures.

More worrying is the fact that Alibaba are now forming a joint venture with Xinhuanet to develop a range of technological capabilities and services for XNA



Perhaps not a threat to BNN but I am not prepared to take the risk.

[bwilder2] 13/4/2017 09:53

Still not completed application form for nasdaq and shares drop 30% last week.Is there anything else ?

[tbrock2] 13/4/2017 09:52

I just don't see how they can pivot/diversify YET AGAIN, into one of the most competitive industries (monopolies) in the world. There are 4 credit reference agencies in the UK, 3 main ones, 2 major ones. Unless there is something I'm missing I don't see how they can do this as well. In terms of software, talent, the market, experience. Everything. I bought the pivot from lottery but I do not get this. The competition worldwide wouldn't let it happen. Absolutely cutthroat, I've dealt with them.

[astralvision] 13/4/2017 09:45

A lot to take in.
Not really sure at this point why Q1 was so bad, seems to be just from mobile phone top ups.
It looks like they will make a loss this year, with a loss expected in first half and possibly an 'operating profit' in the second half. Brokers note will help, but my best guess would be for something like £5m-£10m loss this year, c.£10m profit on 2018.
Revenues last year came in pretty much where I said they would be with a loss around thoe sort of levels I was expecting, perhaps a tad less.
They do seem to be doing a lot of deals, but it would be good to see the initial deals bed down first. Going to have to do a lot of reading.
The cash raise was a good idea and puts to bed any questions of having enough cash. Shame they had to do it at 80p when the shares have been substantially more than that for long period this year, but that's just the way it is.
Potential is undiminished, no, that's wrong, potential has increased but on execution, imo, the jury is still out.

[bookbroker] 13/4/2017 09:26

This will continue to burn cash at a tremendous rate, they raised £50mln. last year, now another £25mln. today, yeah, yeah yeah, keep ramping all, it's what is keeping the price above 0p!

[charlesdarcy] 13/4/2017 09:21

If US investor money is leaked then expect a big jump after in the
Afternoon when US market opens as lots of followers of fund activity

[tsmith2] 13/4/2017 09:02

building up for another surge.

[and11] 13/4/2017 08:51

Fantastic news flow today! Sets BNN up nicely for its development now in 2017 & for 2018 & beyond!! it seems from whispers & blogging sites the new II investors are in the top 2 in the world! Incredible DM! Well done.... good job they spent heavy in 2016 early 2017 to gain contracts! Game changing again for BNN... if they can gain a small proportion of the Chinese potential with these new contracts they will be imho equivalent to experian, but would be valued many more times - upwards of 10 Billion dollar Mcap!!! Role on Nas listing.. the future looking very bright.....

[newmanontheblock] 13/4/2017 08:38

Wow!! A lot of detail in RNSs, and now more money to invest in future revenue streams. Cash call needed due to minimum cash balance requirements of NASDAQ listing, IMHO....so a timing issue rather than running out of cash. At least we investors can calm down a bit now and await the future quarters. share price will slowly move up to beyond previous highs but this will take time and delivery of these new revenue streams. All set up for an exciting ride. GLA.

[goldie40] 13/4/2017 08:22

ALWAYS FOLLOW THE MONEY THE BIG BOYS KNOW MORE THEN US PLACING COMPLETE

[perfect choice] 13/4/2017 08:19

Oh what a shame, shorters seem to have been caught out today. The accelerated book-build went like a rocket, £25M raised in a flash at 80p, price up 5% as well. Ignore some of the garbage being posted on here, you know what their game is.

[charlesdarcy] 13/4/2017 08:17

Was the crash last week , close to inside the house ??

[tsmith2] 13/4/2017 08:13

But illiquidity works both ways..