BNN Technology Share Discussion Threads

[charlesdarcy] 27/7/2017 08:48

1 large sell , rest small bits
No real buys yet so MM can shake the stock .
Very strange again after RNS ..
PC might have left the stock or gone on holiday .

But And11 I think you are right trail in July on telco .

Again sit tight and pick up on the dips .

[perfect choice] 27/7/2017 08:47

Yesterday was a very busy day for me so only really looking now at detail of yesterdays RNS and comments on here.

First the RNS, good expansion of football partnerships and a notable expansion into the business-to-consumer (B2C) marketplace through the huge Tmall online store owned by Alibaba.

See comments on why Alibaba mentioned. First thought why not, they own Tmall so why not promote relationship, would you prefer it hidden? However it does seem this is another stage of further involvement with Alibaba and further collaborations are expected so right to "mention" them. They could even possibly be the Telco whose name cannot be officially stated under NDA?

See comments on Telco news, I only know they are not allowed to state the name of the Telco unless they are given permission under the terms of the NDA and form AGM Q&A comments, they may try to include more detail in August but I thought that was part of the interim results due in August, not as a separate RNS. I would be more than happy to see another specific RNS but the source of that possibility is not me. In terms of the question why not a separate RNS in the first place, then my take is that as the AGM included the Nasdaq delay into 2018, it was used as a counterbalance news statement.

On the BNN web site, yes somebody hasn't been keeping an eye on it and underpins the need for some new PR which they in the final stages of selecting a new PR partner who should therefore keep an eye on such matters. The team in the UK is small and the much larger resources in China are focusing on product development so yes needs some focus and they need to tighten up on such detail. Sounds like they have reacted to PIs emailing them so expect a web site update shortly.

On financial news going forward, think a reality check is required as I cannot see anything substantial short term. Interims will be out hopefully next month. They can only reflect H1 income so none of the new initiatives and I calculate myself revenues will be £3.2M but higher operational costs (extra resources) and a cash pile of around £39M. So nothing dramatic and expected for H1. There maybe a forward looking statement but key news maybe a trading statement in October after Q3 is completed unless they decide to report a single month position e.g. the first month GTVs exceed £1Bn in a single month. Keep reading snippets of the Telco deal being well above £1.1BN in annual GTV value which is excellent. But we may have to wait until October for evidence of that IMHO.

On share price, disappointing to see weakness. Nothing wrong with yesterdays RNS in fact good expanded football sector news and new revenues for BNN on B2C business. But seems PIs maybe wanting more significant news and saw this is "minor news" only? Buy on weakness is my policy so this is a good top up opportunity IMHO. News flow for the autumn is very positive IMHO so looking for to September onwards where the news flow should become more active.

Last comment is that deals like yesterday RNS just shows how well BNN is getting embedded with the really big players along with their XNA partnership. I recall a comment from Wei Qi (China CEO & Chief Operating Officer) at the AGM (found his comments very significant actually) referring to the performance of the BNN transaction platform versus others and a particular high volume day when other platforms were failing while the BNN platform stood up well. This was noted by the big players and so BNN is seen as resolving a "transactional headache" for them. IMHO expect more business to come and BNN has a solid future ahead of itself, it is already now well beyond "speculative initiatives". Personally I have no doubt of handsome returns from BNN and 2018 will be a substantial growth year for share holder value. So if you are not a trader (like me), sit back and enjoy the ride (with its ups and down on prices) and top up if you want and when you see fit.

Back to work now and another busy day for me.

[marmar80] 27/7/2017 08:32

I guess Tottenham fans are selling since yesterday haha

[marmar80] 27/7/2017 08:12

Funny how good or even neutral RNS can change the mood here. Now, tree shake.

[and11] 27/7/2017 07:30

Email the company & ask them Nurden! Might be wrong but I'm sure they said July was a testing period & official rns would follow, but I'm sure Pc can also confirm this.

[nurdin] 27/7/2017 06:53

The question is ,why didnt they issue a formal RNS when that deal was clinched? Why bury such a seemingly important news within the innards of the AGM statement?

[astralvision] 26/7/2017 23:38

CDRe 'news of the telco deal'Isn't that old news in that has already been released in the AGM statement?So can't see re releasing this news would do much for the shares or am I missing something?From agm statement:'Specifically, we have signed a significant new contract with one of the largest telcos in China, which is expected to generate material revenues and increased margins from July 2017 onwards, materially exceeding those achieved to date.'

[charlesdarcy] 26/7/2017 22:38

Well the prospects were exciting last week and we have had positive news today perhaps different to what we hoped .

The UK side needs to be run better for sure .
But the next 3 months are going to be very important for me .

Some strong figures and news needed to see this stock get back over the £1 it can get back by end of August if we get news of the telco deal

[andy] 26/7/2017 21:39

ssc8526 Jul '17 - 11:30 - 6083 of 6095 5 0
Oh Andy, you are quite a wordsmith aren’t you. It’s a good tactic overinflating a comment to make them appear negative whilst understating your own position to make you seem reasoned...!

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No, I am just stating my honest opinion, this is a discussion board and the last time I checked the rules allowed me to do that.

You obviously don't agree, hence the personal attack. Such a shame you cannot debate without being personal.

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"The ‘bellyaching’ you refer to is because up until the RNS the general tone had been positive for some time. Yet somehow from two pieces of good news, as soon as we start to specular/discuss the inference of Alibaba yourself and others start to spin it as in someway disingenuous".


I wasn't the person that mentioned "bellyaching", I was responding to a post!


The reason people had been positive recently was there was no news to comment on, and some people spent their day posting "70p by Friday", "80p next week", £1 by September" type comments.


Today there was real news, which was positive, but then people starting talking about Alibaba and BNN and suggesting a business connection, when in fact BNN have done a deal with the Chinese equivalent of Ebay, Tmall is a wholly owned Alibaba company set up like Ebay. So they have a shop on Ebay, hardly a 'deal with alibaba' is it?

Why do you not pull people up on such things?



"Topaz’s comments are welcome (as are anyones) as long as they fall within the boundaries of reasoned conversation/debate."


But not mine apparently, where were my opinions not "reasoned"?

[charlesdarcy] 26/7/2017 21:37

Agree Newman .

It really needs a change round on day to day running .

Telco needs to have news update and figures for the first quarter in a month or so

[credock] 26/7/2017 20:45

Is Telco the new Nasdaq now !

[newmanontheblock] 26/7/2017 20:13

Blinking hec and11 and charlesdarcy. Company blaming 3rd party for non updated website is a poor show! No excuses here!! If these guys are worthy of running a Ltd company they need to be more on the ball. Basics count. I am still in but these boys and girls now need to deliver...and big time.

[charlesdarcy] 26/7/2017 17:56

And11 .
Agree company needs to focus on the direction in China .
But good housekeeping is a very low cost out of 25m raised .

Still let's hope for some stronger RNS in the next few weeks and some news on telco numbers very soon .

No PC comment as yet ?

[and11] 26/7/2017 17:46

Silly talk today on the chat (making a mountain out of a mole hill comes to mind)!!!🤔
29300;🤔 Although I do agree poor housekeeping, but clearly the key guy's are focused on delivering results from the China operation. I've just spoken to the company regarding the website, which they explained is ran externally & should have been updated. this is now being updated, following investor comments received via email.. clearly they need someone in the uk office to keep on top of basic stuff like this...A little frustrating, but as long as the real work in China is Being achieved, that's what counts... onwards & upwards... cheers all

[credock] 26/7/2017 17:15

Should see low 50p,s in the next week or so with no proper good news. Getting real fed up with this .

[delboy39] 26/7/2017 16:52

It's not good though 300 staff and not one of them for share holder communication .
Bit of a sham still with these people .
Surely a good MD would get these things in place within a month of being board .
Delegation is all that is needed

[topazfrenzy] 26/7/2017 16:40

maybe they're getting someone to translate English to them in China

[astralvision] 26/7/2017 16:34

I did a bit better, only took them 4 weeks to get back to me, they must be very busy.

[topazfrenzy] 26/7/2017 16:32

3 months!? That's insane if you haven't heard back yet, so I should not expect anything then!

[neurolodger] 26/7/2017 16:22

I also sent them e mail about 3 months - no response from them.

[marmar80] 26/7/2017 16:11

Dropped too much imo. Tomorrow back up.

[and11] 26/7/2017 16:00

Fair enough Topaz...I'm also awaiting feedback from an email l sent to BNN..if l don't here anything l will ring them tomorrow

[topazfrenzy] 26/7/2017 15:57

and11 I did let go of some to lock in my profit, not going to lose money over it, whatever the future holds ...

and still have not heard back re my email ...

[neurolodger] 26/7/2017 15:45

Hi CredockIn my humble opinion till they start giving figures in RNS show improved revenue, the market will react differently even though the news is good one!I have been holding this share for such long time hoping it provide good return.Hopefully the coming news will have a positive impact on share price

[and11] 26/7/2017 15:44

No reason for the drop! Good rns today.. it wouldn't be you selling today Topaz would it?🤔🤔;🤔