BNN Technology Share Discussion Threads

[ripplevale] 08/1/2017 13:45

NOMAD and broker will be back at work properly this week and any RNS (if there is news) can start to be worked on as the city returns. My expectation would be of at least one RNS in January and 2-3 more in Q1.

The PR agency also needs to create some noise in the UK as the trading volumes and general awareness of BNN (mCap of over £250m remember) is unsatisfactory. The limited interest in bulletin boards, news coverage etc is telling. The RNS in early December could easily have been divided into 2-3 separate releases as there is considerable information (strategic and operational) contained within it of material significance. Momentum is important.

My own view is that a sizeable re-rating may happen in Q2 when both the NASDAQ submission and clarity on revenues comes through.

[and11] 08/1/2017 13:25

The revenue numbers provided in Dec! Showing the revenues for Sept,Oct,Nov were very significant & should have provided a very good feel good factor for pi's going forward... further RNS's will come soon enough required revenues & future revenue streams as we head towards to listing date.. A Nas listing is very rigerus & different to an aim listing...a little patience required gents. This is happening just about timings! Rome wasn't built in a day!!

[nurdin] 08/1/2017 11:26

Dont lose sight of the fact that we are already capitalised at some £270m which, for a Chinese company, listed on Aim and showing no profit yet, might appear a bit stretched.I think that is the point which was well made by TP in his earlier post.Any progress from here will have to be justified by some further hard numbers which will take a little while to materialise I feel.Good positive newsflow would however help sentiment.

[perfect choice] 08/1/2017 10:49

"lunatic" may be an OTT phrase here, some people may be nervous, but equally there really is no need to think every day as a buy or sell decision day unless you are really good at trading.

BNN is a good trading share if you are good at it as it does move significantly on relatively small trades but that is also the risk. You can easily be out of this share and a 10p jump happens before you can get back in for example. I prefer to review my position quarterly unless a range breakout forces my decision.

The value for BNN right now is that it really does appear to be at the start of a substantial revenue curve. Those TCR values already says it all and well ahead already of the old analyst report. That is why I say the trading report is so significant to further demonstrate the exponential route BNN is heading for. Nasdaq is just the icing on the cake for that.

[the prophet] 08/1/2017 00:12

Credock If you're getting nervous because we've not had a rns for a few weeks then, imo, you will be ill suited to the volatility this share will display this year.Folks need to get a grip, but there again a lot of pi's are 'happy' to buy high and sell low, the market just loved that, eats them up and spits them out.Gawd knows why BNN is attracting a load of lily livered 'don't panic' Dads Army types. Can't see a happy ending for them, first 5p profit and they will be off. Good riddance to.

[credock] 07/1/2017 21:45

You have to laugh on these share boards dont you . LUNATIC FRINGE ha ha . These boards are read by a MONEY MAKING FRINGE or money losing fringe and that's that. People invest money into these little companies hoping to make loads more than they can with the pathetic bank interest rates and that's about it . When no news is forthcoming they start to panic as many of them have been ripped off before with false dreams and lies . So it does not matter how many words some of you write about this and that etc the average punter just wants hard facts and good news. When there has been no news at all for as long as we have been waiting people will get NERVOUS. Everyone will have there hands on the button ready to sell or buy at 7am weekdays until it comes.

[snowyflake] 07/1/2017 20:52

Perfect Choice; I agree with you that we await a trading update. The 8th December RNS stated that news on new arrangements was expected by the year end. That news was not forthcoming by the end of last year and that in itself leads to nervousness among private investors. Let the negotiations take their course.

In my opinion there is great deal of trading going on with the stock. Investors are buying and selling and not just in that order, to make money on the margin. For my part I am currently fully loaded but that is not to say that I have not sold and bought back part of my stock over the past six months to suit my needs and impression.

I think, like many, that Darren Mercer has done a great job. The company is now effectively a Chinese company. The Chinese business mentality is far removed from the western business mentality. None of us, as private investors, can remotely do the job that the ceo is doing. We struggle to understand what it is to do business in China. I have no business interests in China and I doubt that the majority of those who post on this thread have any or much experience. I welcome discussing Chinese business mentality with those who do have that experience and I have been lucky enough to meet two such people unconnected with BNN. What I have been told leads me to learn to be patient with BNN.

It is therefore wrong to criticise the board. As far as the Nasdaq listing is concerned, I agree with and11 that it would be wise not to expect the listing before March; that is no bad thing if it enables the board to deal with the application properly and not rush it to suit the requirements of nervous private investors. There are deals to still fall into place plus, following that news, an update from the company's broker which should include turnover and profit forecasts. That information whether through that update or through information supplied by the board to their American sponsors (still to be announced) direct will assist in the application for the listing and the roadshow to present the application.

If it is too much for investors and their ability to deal with risk, it might be better to sell and move onto to something less speculative. For my part I stay confident (despite watching the share price daily (!!) in the abilities of the ceo, the fco and the other members of the board and background staff.

[the prophet] 07/1/2017 20:36

It's worth pointing out that BNN's share price more than trebled last year, which was fantastic.With a market cap of some £250m or so, there's surely no surprise to see a healthy if at times volatile consolidation around these levels.These guys know what they are doing, let them do their job and , imo, it's not worth sweating over every twist and turn.All is set fair.

[newmanontheblock] 07/1/2017 20:21

Let's await the next RNS. The single share theory says it might be on Monday? Exciting times...

[charlesdarcy] 07/1/2017 20:10

Nursin ; well said ,

With the news since October the share price has not reacted as well as most thought ( IMO : due to a large seller and a mix of MM manipulation + a little better PR from the company )

However we are where are and it is exciting 12 months ahead .

[value king] 07/1/2017 19:55

I sold in October but bought back in yesterday, I have a feeling these are set to go back on the upward direction after a consolidation in the past months.

[nurdin] 07/1/2017 19:46

There is no lunatic fringe here.It is natural that when the share price fails to react to a fantastic story such as that is evolving here, it casts doubts in the minds of some holders.After all the market is strewn with companies whose management have painted a very rosy picture of the prospects ahead for their companies only to reveal down the road that it was all a figment of their imagination, and some elements of their projections were pure fabrication..I am not suggesting for one moment that that is the case here,but it makes the nervousness of some holders perhaps more understandable.

[squiresquire] 07/1/2017 19:10

Its just a lunatic fringe on here giving some the willies because there is nothing else to read.

[mr roper] 07/1/2017 18:29

Patience required here. Just sit back and let the BoD get on with it.

[perfect choice] 07/1/2017 18:15

Yes chill out on Nasdaq, only expecting broker decision this month and its only the 7th January. More interested in trading statement and further agreements right now.

[midas 123] 07/1/2017 17:58

I also agree with you both.

Had this share shot up on the recent announcements I would have had a much smaller holding so as I'm positive about the future this short delay in the price catching up with the companies remarkable progress has helped me greatly.

GLA

[and11] 07/1/2017 15:28

Agree "Prophet"...no reason for people to have jitters. Everything is moving along nicely with excellent rns's during December! The roadshow will happen in conjunction with there appointed broker in the states. Which I'm sure will be announced during Jan... as l have previously predicted I expect the listing to happen between March & May imho...l Would think they are probably trying to maximize new agreements & appointments to add to BNN's listing notes, to ensure they get the best value for the stock on the day of listing on the Nas..will also be interesting to see how revenues have progressed in December & in yo early 2017...very exciting times for BNN in 2017

[the prophet] 07/1/2017 15:19

Surely worth a read for some on here?......

RNS Number : 2599R

BNN Technology PLC

08 December 2016

8 December 2016

BNN Technology plc

Strategic & Trading Update

-- Gross sales(1) of approximately RMB 1.3 billion Q4-to-date. Exceeded RMB 1 billion (cGBP120m) in November 2016 after four-fold increase in volumes versus October

-- Acceleration of business activity, supported by investment brought forward into FY 2016
-- Entry to fast growing Chinese digital advertising market with significant new contract
-- Further contracts, including prestigious content agreements, expected before year-end

-- Investment in data and R&D: world-class specialist team to maximise revenue generation and deliver new products

-- Xinhua News App update: All 12 targeted provinces now successfully signed by the company's partners Xinhuatong and NewNet

Trading Update

As outlined in the interim accounts, we are pleased to confirm that the Group has returned to substantial revenue generation in the second half of this year, with strong month-on-month increases in trading volumes.

After extensive platform testing in August and September, as well as further mobile top-up contracts, we saw a dramatic acceleration of B2B transactions fulfilled by our platform in October and November. We expect further growth of B2B volumes in December and into Q1 2017 as further payment services are launched and new contracts enacted.

We have been making considerable commercial progress this year and, as a result, a number of opportunities and investments which we anticipated would materialise in 2017 are now materialising this year. As such we are now investing heavily in R&D, developing our advertising strategy and pursuing content partnerships, in addition to signing all 12 provinces targeted, through our partners Xinhuatong and NewNet, to the Xinhua news mobile app. This development is welcomed by the Board as a firm indication that our plans are advancing at a faster pace than originally expected.

Below is a chart showing the Group's gross sales(1) by month in the second half of 2016 to date. In November, more than 95% of gross sales were driven by our B2B mobile top-up business.

Gross Sales(1) in second half of 2016 to date (GBP Millions)



(1) Gross sales are the total transaction value of all payments/services that the Group processes in a period. We receive a small percentage commission from the transactions we process and this is what will be recorded in our disclosed revenues at year-end. We receive a modest commission on the B2B transactions, however strategically we aim to transfer customers from B2B to B2C customers in the future which will drive higher margins, and greater data acquisition, for the company.

Investment in new contracts

Advertising

Through our partnership with NewNet, the Group is pleased to report it has been awarded key advertising and content provision rights. In return for an upfront fee and revenue share, it represents a unique and exciting opportunity for the Group to add an additional revenue stream when the advertising sales start in 2017.

To support this contract win, BNN Technology and NewNet is expected to announce, before the year end, significant content agreements with prestigious partners that we hope will drive significant customer traffic to the Xinhua News Mobile app, through our technology platform, thereby accelerating monetisation of the large user base being built and managed by the Group.

Investment in R&D Team

As reported previously, the data that can be captured through the mobile app, and exploitation of that data, offers the opportunity to create substantial shareholder value from 2017 and beyond. With the introduction of unique mobile content and expansion of payment services, we are pleased to announce the recruitment of a world-class specialist data team to focus on product development with our partners.

The team brings to BNN Technology substantial leading edge experience and capabilities of large scale, blue chip organisations, having worked with a number of Fortune 50 companies on platforms handling high volumes of data, as well as building analytics and data mining teams. The team will also focus on developing, testing and delivering a number of new products to the market over the coming months.

Further initiatives

In addition, we are in advance stages of negotiation on several significant contracts. These include contracts to support new B2C services launched on the Xinhua News Mobile App, working with prestigious national partners. Our technology will allow consumers in these sectors to make payments and update information with ease and security using their mobile phones. We are hopeful these services will go live in the first few months of 2017. Together with the contracts and initiatives announced today, these new revenue streams represent significant potential for both higher margins and valuable customer data.

Xinhua Rollout

The Group is very pleased to announce that all 12 provinces targeted for the launch of payment services (utilities, mobile top-up, traffic fines) on the Xinhua News Mobile app have been signed by our partners Xinhuatong and NewNet ahead of the year-end schedule originally indicated. Our technology platform will be launched in these provinces, through our partners, with a total population of c.800 million, representing coverage of approximately three-quarters of all existing utility payments in China.

Nasdaq Update and FTSE Reclassification

The Nasdaq process is well underway with both the SEC and the Nasdaq exchange and we look forward to providing further updates in the new year. As announced on 2 December 2016, FTSE Russell has confirmed that BNN's FTSE Industry Classification Benchmark will change from "Gambling" (ICB Subsector Code 5752) to "Internet" (ICB Subsector Code 9535). The change in industry classification appropriately reflects BNN's current business model and will be effective as of Monday 19 December 2016.

Darren Mercer, Chief Executive of BNN Technology, said:

"We are delighted with the progress we have been making in 2016. Our key partnership with Xinhuatong, through NewNet, and activities within the Xinhua News Mobile App, have returned the Group to revenue generation during the second half of 2016, with a circa four-fold increase in gross sales(1) between October and November. This growth gives the Directors considerable confidence in the scalability of our platform and prospects for growth in December 2016 and beyond.

"Our strong balance sheet has enabled us to execute quickly on investing in key contracts in the areas of advertising, content provision and new services to be offered on the Xinhua News Mobile App, utilising our technology platform through our partner Xinhuatong. All of these represent sustainable, high-growth revenue streams, supported by our own new, world-class resource in R&D. With significant cash reserves of in excess of GBP30 million at the end of this calendar year, several attractive opportunities remain open to the Group.

"Good visibility for additional revenue through existing sales channels for December and well into 2017, together with our on-going development of multi-revenue channels, gives the Board confidence that next year and beyond will see a substantial enhancement in shareholder value. I am excited by the huge opportunity ahead of us. Our robust platform is pivotal to capitalising on our strong relationships in China as we expand the business to move into significant complementary areas. With our Nasdaq process well advanced, we hope to be placed in a peer group of like-minded Chinese internet technology companies in the new year."

- ENDS -

For further information, please contact:


BNN Technology plc [phone]
Darren Mercer, Chief Executive
Scott Kennedy, Chief Financial
Officer
Stephen Benzikie, Communications
[phone]
Brunswick Group (Public Relations) 5959
Brian Buckley / Diana Vaughton

Strand Hanson Limited (Nominated [phone]
& Financial Adviser) 3494
Andrew Emmott / Ritchie Balmer

Mirabaud Securities LLP (Broker) [phone]
Peter Krens 3362



About the Group

BNN Technology plc (AIM:BNN) is a Chinese technology, content and services company that builds long-term partnerships to deliver China's citizens with value-added services, content and evolving opportunities.

Listed on AIM since 2014 the Group principally engages in providing technology to partners to facilitate fulfilment of payments online and on mobile apps through partnerships or affiliate agreements with corporate and key government partners, and, developing digital content, both online and mobile. Through its partnership with Xinhuatong and NewNet, BNN facilitates mobile payments through its technology platform on the Xinhua News mobile app in 12 provinces in China. The Chinese consumer shift to 'life on mobile' is only just beginning and BNN's platform technology enables urban and rural communities across China to access exclusive content and pay for more services online.

The Group employs over 300 professionals throughout China.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[the prophet] 07/1/2017 15:04

Not sure why folks are getting all jittery, strikes me as a bit ridiculous.We had a very full and excellent update on the 8th December, that was just a few weeks ago.That update included a Nasdaq update, all progressing well.That was followed up a few days later by more excellent news with the signing up of Barcelona.I mean, do folks here need a daily 'hold your hand' RNS or something.It strikes me that the progress in less than a year has been truly remarkable and the best thing to do is add on any dips, as they won't last for long.As ever, please dyor, but this looks to be a fantastic opportunity and the company are making exceptional progress.

[credock] 07/1/2017 14:56

Its getting all nervous on here that's for sure . Im in in a big way and thought we would hear about Nas around 5th Dec ???. Good news Monday could see £2 or on the other hand no news next week will see a drift again towards £1. Do you feel lucky punk , as Clint said ?. Lets hope so !.

[nurdin] 07/1/2017 09:25

Alas no comment in SCSW.Sorry.

[midas 123] 06/1/2017 21:15

Can you send a link if there is a comment on BNN please nurdin ?

Thanks

[nurdin] 06/1/2017 20:13

Nope tomorrow.

From their website:' 1 day left until next issue
(Jan 7)'

ps. I also thought it was the 14th,as previously indicated on their website.They appear to have changed their mind

[wildchild] 06/1/2017 19:57

I thought SCSW was out on the 14th.

[nurdin] 06/1/2017 16:00

I am sure SCSW will have something to say in their next issue which comes out tomorrow.