BNN Technology Share Discussion Threads

[topazfrenzy] 22/10/2016 13:22

nurdin, they did when they announced the Xinhua deal around March time (as DJI).

[nurdin] 22/10/2016 13:01

Dont think BNN have ever mentioned their commission rate or the duration of contracts.

Perhaps you would like to give us a reference to your source?

[topazfrenzy] 22/10/2016 12:55

The first leg down when the figures disappoint should be 60-80p on its way to 0.

[topazfrenzy] 22/10/2016 12:48

There is a minimum guaranteed to each province, whether the transactions happen or not, and the contract is for 3 years only from early 2016. So not only can all of it be pulled from beneath BNN when the contract ends, they are also roped into payments, profits or not.

The very stiff competition is pointing clearly at the failure of this business, namely BNN Technology, that is why it is listed on AIM. It is doubtful it will ever list on Nasdaq, thus the endless delays, and smokescreen about the name change and business profile. It's only a stupid platform at the end of the day, nothing new about it and certainly years behind some.

[nurdin] 22/10/2016 11:11

Good post Rampair.

However do remember they gave us an update on the progress only about 22 days ago with their interim results.I am expecting a further update soon.

[charlesdarcy] 22/10/2016 08:34

Excellent Rampair ; I agree completely , the risk on this share is well worth the potential .

I am sure it is difficult the CEO putting out info until 100% sure which because of its location is like treading on egg shells to start with .
I think we will hear news very soon

[rampair] 22/10/2016 00:56

The article appears, in the main to use data to the end of 2015, the first charts were
compiled Mar 16.
If you look up Xinhuanet it has an English version- it's clear that this will be a very influential site.
The Government of China have certain bills for payment the same as all Governments.
Car tax, speeding, parking,toll roads,Electic, housing - the list is endless
If the Ruling party so chooses all these services could be routed through Xinhuanet.
In actual fact the Govt. Have stated that they want Xinhuanet to be the point of contact for Government news and information- quite a traffic driver!
We need to see figures and we, in the West need more information than we are getting imho - it may indeed be going to plan and everyone is happy - a few comments from the Chief of either BNN or David Mercer would clarify matters.

Government, particularly Chinese government- cannot afford to have a system go " live"
and then have problems. I'm surprised that this hasn't been sorted by now & comment on Any live provinces progress made.

So far; opportunity 10/10
Communication to shareholders 5/10

Let's not throw the baby out with the bath water,and instead, look at the valuations of competitors- a massive difference, and one which we only need fractions, just the same as the fractions made from hundreds of millions of payments projected.

It's down to BNN now & maybe the broker could give an update?

R.

[genises] 21/10/2016 23:18

Surprise topazfrenzy you didn't buy at 132p and sold them At 148p like some on here did
News soon.
Great share if you buy at the right time to day trade.

[charlesdarcy] 21/10/2016 22:25

Well now is your chance Topaz and shut us all up with facts why BNN or its partner are much more expensive than its competitors

I do agree we will all want to hear of turn over turning into profits early in the year and the famous Naz listing .

I don't see any huge share dumping going on from anyone behind the scenes and most of the long term share holders remain very positive who I hope all have a great weekend .
As for you Topaz please get your facts in writing back to us over the weekend please 🤔

[shutittrev] 21/10/2016 20:53

Clearly menopausal.

[w6yns] 21/10/2016 17:12

Topaz yet again we have to read more of your 'facts'. You state that BNN are more expensive than their competitors. Please produce a comparative rate table so that we can all start believing your "facts' suggest you change your name to Rafa.

[topazfrenzy] 21/10/2016 16:17

Well nurdin, whatever it's called there it is not included on the list in the article so it must be totally irrelevant.

[nurdin] 21/10/2016 15:34

You are missing the point completely.They may not have heard of BNN but I bet you your bottom dollar most will have heard of Xinhuatong and their mobile payment app.BNN are NOT fronting the initiative,it is Xinhua, which one is of Chinas biggest News agency and which is also partly owned by the Government.Do you really think the Government will stand by to see foreigners take control of on-line payments market in China?

BNN are just supplying the technology and the platforms.They also appear to have struck a deal with the Company whereby they get commission on per transaction basis.Just think of the potential there!

[topazfrenzy] 21/10/2016 15:15

Check out this analysis, hot off the press, and ascertain the amount of competition that is already there and charging much less than BNN intend to do, and then see whether it could ever compete.

BNN Technology is going to be destroyed by its competitors Alipay, Tenpay, UnionPay, Apple Pay and Samsung Pay, who all have a huge advantage already, and with many more peripheral offerings for people to use their payment platform over another, they are all cut throat. There is no mention of BNN anywhere, that is because NO ONE has heard of it! If you think it is a godsend for China mobile payments I suggest you think again. It's going to go under much faster than you can imagine I'm afraid, sell while you can chaps.

[topazfrenzy] 21/10/2016 14:52

I deal with facts, not fiction.

[charlesdarcy] 21/10/2016 14:14

I think by now any comment by Topaz is only taken as fun and really has no impression on any long term share holders .

[shutittrev] 21/10/2016 13:34

Topaz, dear, surely you must have some housework to do or meals to prepare?

[snowyflake] 21/10/2016 12:48

Topaz - It does not only clarify the matter, as you say, but it is information that was readily available to you and the world if you had been bothered to look.

Instead of that, you alleged information which is patently untrue.

You have no shares in the company having made it very clear that you had sold out. Therefore may I suggest that you keep your discredited information to yourself and desist from posting on this board in the future.

[toyin] 21/10/2016 12:31

topazfrenzy

I strongly recommend you do something more usful with your time. Conner Davidson is just another person with an opinion, nothing more nothing less, and to be honest I dont care what Conner Davidson writes and if you do your a mug! You are putting to much effort into the wrong kind of research.

All the best.

[nurdin] 21/10/2016 11:46

Never heard of Connor Davidson.Looks like a kid in his picture on twitter.

[value king] 21/10/2016 11:34

Yawn again!

[topazfrenzy] 21/10/2016 11:31

I strongly recommend you read posts by Connor Davidson (who also contributes to Seeking Alpha) on Twitter before falling for this story, he has pointed out some very lucid reasons why this company is a lot of hot air at the end of the day, its promises totally unachievable. His share price target for the company is 0.

[topazfrenzy] 21/10/2016 11:27

Ok, that clarifies the Woying matter, but should also clearly make you very very wary of all goings on at this level in China, jam tomorrow stuff which ends in disaster. Woying is clearly just one of many companies that have flopped dramatically over there, and with DJI actually having wanted to buy them before the lottery halt. Hmmm

[davroc] 21/10/2016 10:06

Topaz your posts are becoming more frenzied. You really do want us to sell. Are you a MM looking for stock?

[midas 123] 21/10/2016 09:18

Thank you for putting things straight Perfect Choice, perhaps you would like to respond topazfrenzy ?