BNN Technology Share Discussion Threads

[credock] 16/2/2017 15:07

I don't get that ???. So a short term holder who buys these for £1.19 today and if they rise with news next week to say £1.70 sells them is stupid ???. Hows that work then.

[tbrock2] 16/2/2017 13:59

The only people who are getting upset with this share are short term holders, which is a stupid position to occupy. Traders and mid-long term holders will be laughing all the way to the proverbial. I have traded to increase my holding and now hold long term. These sorts of companies in these sorts of economies are not overnight marvels. I wonder if the critics of the share price have ever done business in Britain or Europe nevermind China? I know my company BOD doesn't move as fast as shareholders of BNN expect! My company has been transferring to a new software platform/transformation for years and whilst frustrating, it is pretty normal and this is UK. Delays are part of business.

[bergsy] 16/2/2017 13:53

hxxp://bnntechnology.com/key-partnerships.php?tab=Xin

[bergsy] 16/2/2017 13:53

Genesis, bnn technology own 10% of xinhuatong not xinhua!!! Xinhuatong is a software company that deals with the xinhua mobile app.
As far as I am aware anyway.

[genises] 16/2/2017 12:56

Here a remind what was on their site

Xinhua network limited is a company mainly invested by the Xinhua News Agency, founded, specializing in media development and utilization of information, mobile payment, e-commerce, prepaid card issuing and accepting funds, Fund collection, supply chain management, financial information services business.

BNN technology owns 10% of xinhua

Launched In October.
Xinhua through mobile payments.

Non-financial institutions, mobile payments platform, has been included for several State-owned commercial bank of China, China Construction Bank, commercial banks and local Bank support for Internet shopping and consumption as the main content of the e-commerce, Enterprise Fund collection, management and transfer, the provision of financial services. --The China welfare Lottery and China Sports Lottery sales agent. Get the Ministry of Civil Affairs and the State Sport General Administration permission and signed an agreement on Internet sales of the welfare Lottery and sports lottery.

Company is expected to become the first Internet lottery to get permission from the State licensing and marketing enterprises. --Traffic fines collected payment.

To provide users with query traffic violation fines and collecting payment for services, removed from the user to the specified window to pay the fine of commuting, convenient, saving manpower cost, time cost. --Insurance sales agent. One-stop mobile Internet consumption platform of insurance products.

For insurance companies, insurance brokers provide products, services, online presence and sales platform, to provide Internet consumers with insurance products online search, advice, compare, trade and consumer protection. --Guizhou maotai liquor sales. Build an e-commerce platform, with Xinhua publish media channel, dissemination of Kweichow moutai brand.

Company currently has cloud computing, big data, social networking and other new technology to create innovation-driven strategic, sustainable evolution of the platform, and with a number of commercial banks, mobile operators, traditional brands have established strategic cooperative relations, gradually integrating the mobile Internet industry chain resources to better serve our users.
Looking to the future, the company will strive to form brand, innovation and core competence of enterprises, promote innovation and development of enterprises, to provide the community with distinctive high-quality products and services, while focusing on economic efficiency at the same time, active commitment to corporate citizenship, establish a good social image of the brand, giving back to the community
Companies committed to providing businesses and consumers with innovative, safe and efficient financial and e-commerce and traditional industry with a combination of innovative products, is the first domestic-leading cross-integrated payment services, intelligent financial information service, mobile application service of mobile finance and mobile e-commerce service platform of the industry chain. The company has e-payment, e-commerce platform and fund collection, financial information services as a representative of a range of high quality products and services, designed to provide businesses and individuals with a full range of payment and application services

[newbie17] 16/2/2017 10:20

The day trade possibilities are indeed very good, I can see the temptation, but they will be eclipsed by the long term possibilities.

[budding buffet] 16/2/2017 09:32

I think checking hourly is all part of the fun, if your in your in and when it drops your thinking of increasing holding, when it rises you get all optimistic about the afterburners coming on, problem is, it's a great day trade stock, knowing my luck I'd sell out on my tidy profit and wait for a fall and it will never happen

[perfect choice] 16/2/2017 08:12

Sounds to me that somebody jumped the gun on news on that detail genises. Maybe MoU or LoI in place but agreement not formally signed off yet so cannot be declared yet either by Xinhuatong or BNN. Almost there but not quite. Will be interesting to see when Nomad tells BNN they need to issue an RNS but rules apply both ways and until such deals are fully signed off and contracted there in no RNS no matter what snippets or leaks come out of BNN.

Very confident of the future here though and any no news weakness is just a top up opportunity for me right now.

[charlesdarcy] 16/2/2017 07:56

I agree again with Ayesha4;
We are looking at this stock on a hourly basis and it's not good for the confidence .
I agree that the silence has not been what we were expecting but the company had said in December that exciting new deals are being progressed .

I believe someone also spoke by telephone in January to the FD and he confirmed things are moving well.
If that is now not the case and the wheels have fallen off ( which they haven't ) then again a announcement would be required by the company .

But I am sure this is a case of a delay in getting a couple of big deals signed up which is not easy time wise in China and these deals will get the US listing much more exciting as well so a knock on affect .

BNN was spoke about 2 months ago as the most exciting stock on AIM and for me it is still a very good long term investment and news is very soon and the stock will recover ground very quickly from then .

IMO !

[nurdin] 16/2/2017 07:17

Genises..I have for sometime now been trying to find some information about Xinhuatong but have drawn a blank.I am particularly interested to know 1) the size of the company and 2) if they are a subsidiary of XNA or are independent.

I daresay that information is probably available on their website but unfortunately I cant read mandarin!Will be obliged if you could do me the favour! Thanks

In the meantime looks like another down day on BNN with no news yet again.

[genises] 16/2/2017 00:54

interesting to note this info is no longer on Xinhuatong website
just shows some one from the company is looking in.

[genises] 16/2/2017 00:11

looks like some are trying to deramp the shares.
As said before Chinese companies are not the fastest in signing contracts which Bnn are finding out.

If you search deep you can find snip bits of news such as a New e-commerce platform which already has the second largest chinese spirit company joined up
same size as Diageo.
exciting times specially when the lottery comes back. Xinhuatong Network Co., Ltd are saying they are top of the list as a distributor.
compare to when Bnn had the distribution rights the company has many millions more customers using their mobile app.
what will 10% of Xinhuatong Network Co., Ltd be worth if the company gets listed on the Chinese stock market.
share issue yes their will be one to the USA market and at such a price.
cant see it been a issue,(expecting assets to increase this year}

[ayesha4] 15/2/2017 23:13

I have not sold one share. I have stopped looking here on a daily basis.

[newbie17] 15/2/2017 23:05

Ayesha4 ,, agreed. I bought today and likely will again tomorrow. The hysteria over no news is amusing at times. The frustration levels will ease if you stop viewing on an hourly basis. Set a news alert and wait. GLA

[credock] 15/2/2017 22:26

Exactley Ripple bang on and dead right. I have heard of deals that have been struck with Chinese companies and still no news.S omething is going on and I hope for our sakes its good . You people who say you will buy tomorrow just hold tight because if we have still heard nothing this time next week you could get in below a pound.

[ripplevale] 15/2/2017 22:12

I have not sold. But am genuinely frustrated with the NOMAD and may go formal on this. Dribbles of news from a city contact and an accountant in Cheshire is not good enough given what is going on in this nascent, rapidly evolving company. For them to say, in effect, nothing has gone on over the last two months is nonsense. No news on AIM is bad news even if that means a delay on good news.

[credock] 15/2/2017 22:07

But didn,t he mention a specific date of Feb 14th for news in his last write up ?

[midas 123] 15/2/2017 21:37

Creock as it's a subscription site (well worth the annual payment IMHO) it would not be right to publish it, however it was very positive about the companys potential.

He also mentioned that investors should not hold the company to specific dates as there is so much going on within the business timelines may slip but don't take this as a negative.

[credock] 15/2/2017 21:20

What did he say then ?. Thanks

[shutittrev] 15/2/2017 20:59

A nerve calming Mike Walters article....I will be adding to my holding tomorrow.

[knobbly] 15/2/2017 20:09

Agreed. Nice confident artical from MW

[midas 123] 15/2/2017 20:03

Just read it Perfect Choice - I'm a buyer tomorrow !

[perfect choice] 15/2/2017 20:00

MW update article tonight, timescales are never exact in this game but I'm comfortable with my holding is all I will say.