BNN Technology Share Discussion Threads

[ltinvestor] 26/2/2017 20:20

Thanks Prophet.I will research further.....My contact , an early investor is very optimistic.LT

[and11] 26/2/2017 17:16

Thanks "The Propoet" for reminding us why BNN is well placed to deliver against its forecasts & recent rns's & why we are invested in the stock... l do agree, we have waited longer then l thought for news, but it will come!! as always be patient...GLA....

[the prophet] 26/2/2017 16:46

Ps, also worth mentioning a number of well respected institutions came on board in the funding round las year

[the prophet] 26/2/2017 16:27

Explains the relationship with Xinhuatong

[the prophet] 26/2/2017 16:19

Hi LTI
Yes, likewise, good to cross paths again. KMS, seems like a lifetime ago now, there were some interesting situations back then.

Re BNN, it used to be called DJI, I think there are a number of early stage investors in the Cheshire/NW area.
Info on BNN is not always that easy to come by. IMO the best source is the Michael Walters web site.
Here's a link to one of his free articles on BNN



There is also a broker's report by Mirabaud from last April or so. Happy to send it to you if you wanted. It's out of date in respect of developments since it was written, a new note is due 'soon', but the old one is still useful for a lot of background info.

BNN is essentially a Chinese company with some 300 working in China, the top management is mainly British, some Chinese. Think there are around half a dozen based at their Cheshire HQ.
BNN have had to reinvent themselves after the suspension of the Chinese on line lottery. They would appear to have done that stunningly well. The December 8th update is comprehensive and shows what they have achieved in the mobile payments area from a standing start. Crucial to their success is the relationship they have forged with Xinhua and Xinhuatong. Xinhua is the official voice of China and this relationship holds the key to BNN's progress.

The shares can be quite volatile and as is usual in these situations has attracted a number of 'can't wait 5 mins' type investors plus the usual talk it down merchants. At the end of the day all that will count is BNN's business progress. This looks a great opportunity for BNN but clearly it is not without risks. If they can pull this off and do anything like the brokers suggestions then a multi-bagger is very possible.
I think BNN have been very clever in the way they have structured deals and relationships and the management would seem to be very capable and ambitious.
At the very least worth keeping a close eye on, imo! Bon chance, hope that helps!
tp

[nurdin] 26/2/2017 15:37

No need to be that despondent.Their 8 Dec RNS was very positive and showed that much had been achieved in a short space of time.It also showed that they now have a solid foundation to build a decent business on.I would just like to see the bricks being laid !

[newmanontheblock] 26/2/2017 14:38

Interested to hear the views of some new board contributors. But cannot believe there will not be a trading update when next RNS comes. That could be fireworks just on its own. Might not hear about Nasdaq, as they applied in a certain way...hence cannot give updates if nothing has been concluded. As for new contracts, who knows?!

[nurdin] 26/2/2017 13:34

Ripplevale....Mike Walters has also hinted at similiar and has said it will be only modestly important ie no fireworks! That is a great pity as the the more important news eg on contract wins,platform traffic, nasdaq etc will be put back even further. Why drip feed the news ? That is counterproductive imo.

[ltinvestor] 26/2/2017 12:42

Prophet.Hi there I was given a tip for this company about 6 months ago when it had a different name.Anyway Zneedless to say I didn't buy but last Friday I was told again to buy from an early stage investor who has a rather large holding.He says it will multibag but I am just not sure.The company is going through a "quiet" period due to the Nasdaq listing.Anyway it is good to see that you are around as I have fond memories of the good old days Kms etc!!!!I need pursuading J.LT

[nurdin] 26/2/2017 12:22

Thanks ripplevale....hope you are right.

[seconduser] 26/2/2017 11:44

The rumours do seem to come out with quite consistent regularity. Re the Nasdaq I think that you will find that there are requirements re revenue before listing. Personally I am more interested in the Chinese licenses as they should lead to increaeed revenue and it's really all about bottom line isn't it?

[mr roper] 26/2/2017 11:17

If I had a quid for every post I've read since Dec saying there will be an end next week I would have retired

[ripplevale] 26/2/2017 11:11

Hearing of an RNS next week that will shine some light; don't hold your breath for fireworks (I have no detail but I still think they can get this through the SEC despite the difficulties encountered).

[the prophet] 26/2/2017 10:11

Recent 48 page report here, 'The Rise of FinTech in China'

gives you some idea of the opportunity to BNN and also different avenues that may open up.
It is well worth reading.

[squiresquire] 26/2/2017 09:40

i suspect that their structure, ie the relationship between the entities they work with and through is very obscure and the regulators wont like that, especially since they are in China. Dont look on Nasdaq as a done deal

[bwilder2] 26/2/2017 08:41

They have had 6 months to find the correct broker. When you apply everything has to be in position. You answer doesn't add up.

[wla2510] 26/2/2017 06:38

I think it is a case of BNN wanting to get the right broker and most importantly to list on NASDAQ with some strong revenue data and other news to attract U.S. investors. There may also be a share issue to factor in. That is just my opinion.

[bwilder2] 26/2/2017 03:13

Why is it taking so long for us to be accepted by nasdaq. The process only takes 6weeks tops. Wonder what the hold up is?

[nurdin] 25/2/2017 14:58

Year end is 31 Dec.

[paulpaolo] 25/2/2017 13:29

They did say in the 8th December trading update, as part of footnote 1, "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". I suppose they might mean a financial year that ends 31st March, with audited revenues being disclosed somewhat later than then. There is no specific promise of anything before then. If you are a confident long term holder then the absence of intermediate small dribbles of progress micro-news will be of no concern. (Having said that, if we've heard nothing by Easter, I will no longer be saying that, as four months would be a long pause).

I disapprove of people posting hints on these sort of boards that they are in receipt of private assurances or information, good or bad, about a firm's affairs. It is not verifiable or properly-released information, and is at risk of creating a false or misleading impression, were it just to be someone hyping up a stock in which they have an interest, with exaggerations or fibs (properly meaning, financial interest, = holding; not just intellectual interest). You just can't tell if it's true; I tend to prudently assume not.

I think the fluctuations between 116p and 126p or so, probably aren't actually "MMs' games" - people are too quick to cite that as an explanation for any share price movement they don't like, especially downwards ones in a stock they hold (they want to reassure other holders that the movement isn't due to PI's, or other holders, selling, lest other holders also decide to sell, so they roll out the "MMs' games" line at once) - but short-term holders gaining and losing confidence over time.

I suspect that anyone buying BNN right now, has more upside than downside, and I even believe that to be so in the medium term were the Nasdaq to be cancelled; of course there'd be a prompt short term dip if news said that, but then it would, I estimate, recover within weeks or months, as the fundamentals look good, and who cares what platforms it trades on; people will buy into a good and growing earnings stream. It seems daft to say that people who buy via Nasdaq have some unique understanding in relation to this stock, that those who may buy on AIM or eventually, perhaps, even a main stock market listing for BNN, lack. Some institutional investors will invest in lower-risk AIM stocks, by the way. Which BNN will move towards, on the AIM risk spectrum.

If I didn't already have 25% of my holdings in BNN right now, I would be buying up to that level - don't like to hold more than that in any stock though, so not buying more.

[seconduser] 25/2/2017 12:22

Myalterego, out of interest what was the future price and timescale that you were willing to bet against?

[knarf] 25/2/2017 11:49

Starting to get a bit concerned about BNN ,this company is looking like the fireworks are soon about to erupt.Bought another load the other day to put into an ISA to save the CGT ,there is no doubt now BNN will be a multi bagger.Such is the anticipation,weekends get in the way and I log in 7am everyday on the RNS announcements with baited breath

[nurdin] 25/2/2017 11:15

To give this opportunity a better focus,refer to their statement in September:

"The partnership[with Xihuatong] has significant potential for enhancing long-term shareholder value at BNN Technology. Xinhuatong is in the process of applying for a national payment processing licence. If successful this gives Xinhuatong, and its partners, greater access to the rapidly growing mobile payments market in China worth USD235bn3 in 2015, more than double the previous year’s figure and expected to see significant growth over the coming years With BNN providing the technology platform to Xinhuatong through NewNet, it potentially gives the company a foothold in another sizeable part of the Chinese payments value chain.

If the licence application is successful, which would not be likely until 2017, as the technology platform provider it will increase BNNs share of wallet in a bigger and higher margin part of the payments market. It is expected that it would also multiply the commission received on any new future payment services. In addition, Xinhuatong has strong commercial relationships in further consumer-facing service sectors attractive to BNN’s technology, not least the retail insurance industry."



We await news on the license application with anticipation.

[the prophet] 25/2/2017 10:21

BNN tweeted yesterday referencing a couple of very interesting articles ...

One on the ft, re Chinese mobile payments being 50 times greater than they were in the US last year and highlighting the strength of fintech companies in China



(may possible neeed subscription, or may get a certain number of free views)


The other tweet referenced an article in the Economist, 'In Fintech, China shows the way'



Both article well worth leading and it's not hard to see what an incredible opportunity this could be for the likes of BNN, who would seem to be right place, right time and with those very important right relationships as well.
Looking good!