BNN Technology Share Discussion Threads

[and11] 19/4/2017 12:31

Guy's! Yes the share price is very disappointing at the moment, but don't talk rubbish! Stop making stuff up!!! Read the facts from the last RNS's & judge on that, not on speculation posted on boards, which is not factual & pure guess work... it's a solid hold for me... this will soon turn....GL

[credock] 19/4/2017 11:59

Same here mate , in at £1.32 & £1.10. Rubbish im afraid but just holding and hoping for the best. Kick myself every day at the moment for not selling at £1.70.

[nurdin] 19/4/2017 11:59

They have raised £75m in last 15 months by issuing new shares, according a poster on MW site.Go figure.

[customise] 19/4/2017 11:51

It's plainly clear no one at the moment has any confidence in the short term position of the company,there is no guaranteed good income.I am an investor in BNN stuck with shares north of £ It's very disappointing that they have allowed the share price to fall unless they are in a poor position and they are not being forthcoming about the position the company is inLoad of rubbish

[credock] 19/4/2017 09:54

In what way Mr Smith ?

[tsmith2] 19/4/2017 08:47

Could be an interesting day here..

[mlf51] 19/4/2017 08:03

All of which was the case when you were so pro bnn

[nurdin] 19/4/2017 07:51

PC..in the past they have raised cash to help make upfront 'investments' in their so called joint ventures partners They made payment of £6m last year to the 12 provinces as part of their profit sharing agreement.That was paid from £10m cash they raised from the market.They also paid £2.3m to Xinhuatong.I am sure there have been other hand outs which I am not aware of.So the cash burn of £2m that you state could be very understated if they have to cough up cash to their partners in the motoring and the students ventures.

Also bear in mind they have to pay 40% of their profits to XNA for the previledge of working with them !

[perfect choice] 19/4/2017 06:31

The answer on cash burn was stated in the full year results RNS, its £2M per month. Calculation is simple namely £28M end 2016 - 4 x £2M to end April + £25M placing = £45M right now. This has also been verified with the company this week. That is reality.

Need for cash pile is to demonstrate financial strength to secure deals being made in China. The student platform is for the entire student population in China for example. This is a government supported initiative. Basically its cash upfront if you want the business.

[and11] 18/4/2017 22:42

Sure your not!!! The additional monies were raised to finance the 2 new contracts & day to day capital....so what are you suggesting they have burnt since December from the 28million they were sat on???? This should be interesting investors...hold tight

[pj 1] 18/4/2017 22:24

p.s. I am no part of any 'crew' or shorting conspiracy

[pj 1] 18/4/2017 22:21

As at end December BNN had 28m cash. The key question is what the cash burn was from then until the date of Results on the 13th April 2017.

newmanontheblock18(hint in the name) clearly stated an incorrect fact.

If you assume he was correct even, why would they raise such a vast amount if they indeed have that Cash? (plus surplus debtors to creditors).

[and11] 18/4/2017 22:13

Absolutely PC!! This shorting crewe aren't the brightest & clearly can't read numbers correctly!! Oh yeh, part of a group grasping at straws... amusing they are... they will get burnt imho! If I was them bail now before they lose all...

[chorus1] 18/4/2017 22:10

PJ1 - done your research? Me thinks not

[perfect choice] 18/4/2017 22:05

Here speaks somebody who cannot read a balance sheet correctly (e.g. look at net assets) with only £6.1M of borrowings due to be paid in next 12 months.

[pj 1] 18/4/2017 22:01

newmanontheblock18 Apr '17 - 19:06 - 3081 of 3091 0 0

''......But to suggest this share is only worth the cash on its balance sheet is not valid.........''
====================================================================================

Totally correct. The cash on the last reported Balance sheet has gone. Hence the Placing to raise yet more funds. Therefore, the share is worth much less than the cash on the Balance sheet last reported, hence the delayed sell off as the true facts ring home.

[and11] 18/4/2017 21:45

PC! Totally agree with your comments..I'm sure the company also is aware of the short term requirements for news & imho opinion l think very soon, we will be awash of news. As MW has stated news will follow soon, & cash, cash & cash is king which is what BNN has...

Hold tight!!! This will tern & burn them shorters....GLA

[charlesdarcy] 18/4/2017 21:40

PC ;
I agree with your post completely , and my point is this stock could easily still be £1+ if BNN had kept the news flow ( good or bad ) going last Dec/ Jan /Feb .

They decided to hide in the corner and wait which saw the share drop 40% and still no comment , so it is not hard to improve from this point .

[perfect choice] 18/4/2017 21:29

I partly agree BNN have not been proactive enough on news, that needs to change. They have reported but its be less frequent and with gaps i.e. it took some time for them to be clear on Nasdaq delay. Not a great day for BNN it has to be said.

Views that BNN is worth cash only are wrong and manipulative statements for the gains of shorters to maximise their profit (cannot argue that they haven't done well here). But BNN are revenue earning now on the base payments platform with some legacy revenues continuing, roughly £1.7M a quarter I make it and to grow, plus petrol app revenues to start in H2 along with advertising revenues as well. Current revenues are not cash breakeven but they are there and helping to reduce the rate of cash burn. BNN currently has something in the order of £42-45M cash right now. Mobile sports content is also due to go live in Q2 2017 with advertising revenues in H2.

Point here is that it is not a dead stock, it has reserves and is making progress. The disappointment is lack of progress, regular communication and timelines where everything is H2+, while we have only just entered the second quarter of H1.

I have no doubt of recovery here as revenues climb and then get a significant boost in later in H2. But I see a 3 month gap right now where progress news is key to fill that gap. That is the dilemma right now as I see it. It "should" be a great investment time to drip feed buys for anybody who still has the cash.

[and11] 18/4/2017 21:10

Nurdin! I really am surprised by you recent comments! You think you had been led inside information, which was incorrect & now you fall on the side of idiot shorters like Topaz & the new crewe of wolves!!! Either sell up & move on or, as l have said before get s grip & read the facts not the rubbish that us posted on here to get pi's to panic & sell up.....

The company has pkenty of cash for 2 years, revenues flowing, new opportunities to bring in great margins, a great strategy for development, & s route to take the company off this lifeless market onto Nasdaq where life will be hugely better...

Start being positive or sell up & go please

After the dust has settled the right investors will come in, the price will move up & the will be in a different market & away from these vultures...

Be brave & strong. This will turn soon enough & when it does l hope you dhoryers lose the lots...

[genises] 18/4/2017 21:02

unless someone tells me what this Xihuatong is all about I will remain sceptical about BNNs prospects in China.

Xinhuatong is the software arm of XNA. Go back to the BNN announcement of the DJI rebranding and so on from September 22 (as mentioned in the message from BNN finance director Scott Kennedy posted on our bb by ongreenhill on November 17) . BNN has taken a 10% stake in Xinhuatong, and has a seat on the board. Xinhuatong has the exclusive rights to develop services on the Xinhua News mobile app, and so BNN has access to future commercial opportunities XNA may develop with Xinhuatong.
Refer again to the September 22 announcement, and BNN chief executive Darren Mercer is quoted as saying "We are tremendously excited about the opportunity to deepen our relationship with Xinhuatong through New Net (MW note - BNN) . New Net's investment further secures a long term partnership in which we are one of the leading technology providers to the company, allowing us to benefit from its strong commercial relationships in major industries such as insurance and other key financial services markets.
"Xinhuatong has the exclusive rights to provide payment processing facilities within the Xinhua News Mobile App and is in the process of applying for a national payment processing licence. Upon a successful application, the benefits to our company will be significant, not only in allowing us to participate in one of China's largest industries, but also to substantially increase the net margin across our platform."

[newmanontheblock] 18/4/2017 20:54

Nurdin. Stop dodging bullets! You were a big supporting and now you are not, based upon...??? Vegpatches point on institutions is a throw away opinion. It would not stand any scrutiny if you polled the top 200 fund managers in the country. Basically he is saying that funds do not care or do any research...which of course not true. Sure, some share punts that institutions take fail...but vegpatch is just trying to use his argument to talk down the share.

[nurdin] 18/4/2017 20:28

I think you have had an excellent comment about institutions from Vegpatch....and I cant recall ever suggesting share price of £2-£3 !

[newmanontheblock] 18/4/2017 20:19

Nurdin. You seem to be caught up in the hysteria of this share slide. The basis of your 50p prediction is a factual as your wish for the share to go over £2/3 a few months ago. Going against some views on here, institutions would not be investing unless they saw something. I am eyes wide open but pointless selling out and at this stage at a definite loss. This is a long term investment so all this short term nonsense you just have to live with.

[nurdin] 18/4/2017 19:50

Charles..what if they have nothing to report? I talked to the house brokers at the time the share price was sliding and they insisted the company had 'nothing to report'.Alarm bells should have rung then but with my heavy investment, my mind wouldnt accept there was anything amiss...I in fact blanked out any possibility of bad news.

That is the problem we all have faced with this stock.The prospects as projected by the company have seemed immense,the company appeared to make lucrative money spinning deals and with some well known so called pundits and some other bulls projecting fortunes ahead,we were completely blinded.Even now the bulls cannot accept that we all have been been led astray, images of treasures on the horizon have just been mirages created by companys hot air!

I dont agree with Topaz 20p forecast.Hope and cash on the balance sheet will support the share price but not at the current level imo.My estimate is around 50p...unless the company comes with a convincing deal backed by some hard numbers..rather than hope!

Anyway good luck to you all bulls.