BNN Technology Share Discussion Threads

[chorus1] 25/4/2017 23:58

Yes, the discontinued operations revenue relates solely to those through Woying which was disposed of...

[and11] 25/4/2017 23:53

Jaknife! I think you will find BNN are clear on this too! Hence why they've brought in new contracts that will increase margins more inline with previous numbers, supported by there expected GTV forecasts to head towards profitability..

Glad this is cleared up!

Signing off for the night

Cheers

[chorus1] 25/4/2017 23:43

Look at the discontinued operations revenue table on p79. By your reckoning, there was no land revenue over the course of 2015, which implies m that there was no revenue relating to 'lottery ticket machine sales and scratch cards'.Or could it be that there was, it's just it's in the 'continuing operations'?

[chorus1] 25/4/2017 23:37

Show me where it states that the lottery is a discontinued operation then..

[and11] 25/4/2017 23:19

Jaknife! Just to clear this up! GTV is the gross revenues collected by BNN! BNN revenue is the commission receives from the GTV transactions...as the business has transformed from an online lottery operation to mobile payment processing business, you will note, as explained in previous rns's that the mobile processing commission's are a fraction of 1% where online lottery commissions were substantially higher, as seen by the difference in the revenues versus GTV from 2015 & 2016

The new BNN business is expected to have substantially higher GTV throughout 2017/18 & onwards with increasing margins as the new apps/products are rolled out, which will move the company into a profit, after partnership & provinces fees are settled...

Hope this explains the revenue question!

[chorus1] 25/4/2017 23:13

Jaknife - no apology required. Turn to page 79 and you will find the answer. Digital revenue refers to 'historic online lottery revenues as well as new mobile payments business' while land revenue refers to 'terminal lottery ticket machine sales and scratch cards'. Not sure what led you to believe that 'continuing operations' excluded the lottery.

[chorus1] 25/4/2017 22:47

Jaknife - you have honestly just suggested that GTV and revenue are not linked? Do you not understand the background to this company and perhaps why the inverse GTV and revenue change from 2015 to 2016 has occurred? This is why it is so hard to have a balanced debate on here - so many critics come flooding on without doing ANY research. Sorry but the above is very, very basic knowledge.

[and11] 25/4/2017 22:41

PJ1 you could say the same about you shorting boys! Very damages game your playing hear... l would leave it to the professional's... wouldn't want you to get burnt..GL

[chorus1] 25/4/2017 22:37

PJ 1 - as much as your comment made me chuckle, I'm just going to refer you back to my previous post. Let's focus on BNN and not semantics.

[and11] 25/4/2017 22:35

Jaknife! It's quit desperate reading your posts...you have no understanding what your talking about, more guessing... so the company is now making numbers up! Pure class...

Be careful what your trying to suggest, the company may have issue with your comments..

You are short, desperately trying to justify your lose/ potential loses...

[pj 1] 25/4/2017 22:28

chorus1- I fear you are making a big mistake in not recognising the difference between averaging down and topping up (adding to a winning position). They are miles apart from each other, and both carry very different Risk to Reward criteria

'Averaging down' is a very risky practice best managed by very experienced and successful Investors. Or you just get lucky. Judging by your comments to date I get the impression you are not in the category of 'very experienced and successful'

You can off course ignore my comments, that is your decision.

[perfect choice] 25/4/2017 22:26

Wrong yet again, keep digging that hole you clearly like to get into.

For anybody who actually knows BNN or more importantly DJI, 2015 GTV is the legacy lottery GTV which ran at a higher commission rate, but is now history as suspended indefinitely by the government (unless they change their mind but I account for no revenues form any source for this). In 2016 BNN changed its whole model and moved to the online payment platform starting with mobile top-ups. This has a lower commission rate (but massively higher market to be accessed) as reflected in revenue/GTV figures and is well known (unless you are ignorant), and is BNNs base revenue going forward, to apply to both Q4 2016 and 2017 GTV figures. There is some permitted legacy digital and land revenues still permitted from items like scratch cards and lottery machines, but I won't bore the BB with such finite details.

So the first (of many) misleading statements above is that GTV has nothing to do with revenues. Its actually the Xinhuatong contractual agreement which generates the BNN revenues in the area of mobile phone top-ups. The £413.4M for Q1 2017 is specifically stated in the AR as being for mobile top-ups for which the commission rate applies. Other areas of incremental GTVs such as fines and the motorist app/platform, carry higher commissions rates, mobile top-ups are just the base "bread and butter" service for now. And lets also mention this is the B2B business only for now, with entry into the B2C market also on the way.

This is the important detail as it blows apart the smoke screen shorters try to make that BNN is not generating revenues. Revenues are actually directly linked to GTV so a direct marker of incremental income.

So cash burn is progressively diminishing with £45M in place as of April 17, revenues are growing with GTV as the key marker to tell you that. BNN will be cash generative later in 2017 (needs motorist app launch IMHO) and profitable in H1 2018. The route to achieve that is already in place with the declared expansion of the portal/platform and additional services.

Enough said for now, good night!

[knobbly] 25/4/2017 22:25

It's very difficult to not get irritated by these seagull shorters
(fly in, sh*t everywhere, fly off)

But, like most here, I've seen them before, prying on other companies and know that they'll have their play here, then move on.

Best not feed them. It's what they thrive on.

[chorus1] 25/4/2017 22:07

'It's a made up number that BNN are putting into their accounts' - just to make sure I'm getting you correctly, you're saying that BNN are fabricating GTV figures?

[chorus1] 25/4/2017 21:59

PJ1 - comments like that are really disappointing. There is just no need. Have you got nothing else to say but critique one's language? Shame on you.

[pj 1] 25/4/2017 21:52

charlesdarcy25 Apr '17 - 20:05 - 3431 of 3433 0 0
Newman ;
I have much respect of your posts and many others on here
Just be warned of the web being spun here by Jaknife .

I say no more other than I am ready to top up again on any drop .

Some great moves by BNN in the last week and it is going to be a successful listing my opinion is it could be as high as $2.50 ...

================================================================================
Don't you actually mean that you are ready to average down again on any further drop, NOT 'top up'?

A 'top up' happens in an already profitable investment.

[perfect choice] 25/4/2017 20:59

Its hardly worth a reply and11 (post 3426) but simply shows tactical game being played here and not reflecting facts going forward, but simply looking backward.

Refer to financial review on page 18 of AR and read "Overall, we have seen Q1 2017 GTVs grow to £413.4 million versus £269.5 million in the fourth quarter of 2016 and we anticipate continued growth in 2017 as new services come on line through the year."

2015 revenues are based on legacy online lottery now suspended by China government. 2016 revenues on new platform only started in volume in October 2016 (£120M GTV), so 2016 results only had initial start-up revenues in the last quarter of 2016. Q1 2017 GTVs are a 53% increase from Q4 2016 GTV with a directly proportionate increase in BNN revenues as will be at same commission rate. As also stated in the AR, these revenues are solely from mobile top-up commission rates across no more than 10 of the 12 provinces as of April 2017 (may have been less provinces when the GTVs were accounted for since part of a rollout programme). Thus reason in previous post for stating incremental apps and so further revenues due in 2017 to reach a cash generating position.

If some people want look backwards then that is up to them. If they bother to turn around they will see a very different revenue growth picture developing for BNN.