Share Name Share Symbol Market Type Share ISIN Share Description
BNN Technology LSE:BNN London Ordinary Share GB00BNBNSF91 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 42.00p 0 06:36:00
Bid Price Offer Price High Price Low Price Open Price
41.00p 42.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2.1 -18.2 10.1 4.2 93.65

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Date Time Title Posts
21/5/201816:35BNN Technology plc10,516
17/4/201811:05BNN & FCA1
25/8/201713:07shorting3
18/8/201711:54Nasdaq9
28/7/201711:33micro app6

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DateSubject
15/2/2018
10:14
dlm2602: I agree with you CD. The company seems chronically short of cash with little sales and acquiring BNN with its c£20m would be a huge coup/salvation for them. I'm astonished it has a market cap of $237m (67m shares in issue x $3.5). This valuation is double the value of BNN at 42p. If this is the sort of valuation that Nasdaq applies to China Tech stocks i'm not surprised that BNN were so keen to move. Given the attractiveness of BNN to Moxian I hope that BNN can extract a full price. For me that would be a minimum of 1 BNN share for 1 Moxian share. 223m BNN shares / (223 + 67) total shares would give BNN shareholders 74% of the total equity of the combined group. Well I can dream!!
13/2/2018
10:47
dlm2602: PJI, Not sure i follow your logic. If a US company takes over BNN they will either pay for it in cash (i.e 50p for each BNN share), pay for it in shares (i.e 2 BNN shares for 1 USD list company share) or a combination of the above. In either of these cases BNN will be incorporated into the US company and effectively disappear. It would be the individual shareholders of BNN that will own the US shares and not BNN itself. If the US companies walk away, or BNN cannot agree to a deal, then BNN will remain a private company. The last RNS suggested strongly that a deal would be struck that would be greatly enhance shareholder value i.e higher than 41p as I read it. Shareholders who still want to be part of the BNN China story would prefer the US shares option rather than cash. It would also (I think!) have CGT benefits as CGT would be deferred until the US shares were sold. I'd imagine this would be the preferred choice for the large investors including DM. If you have had enough of BNN and want to get out as quick as possible the you would sell your new US shares.
11/2/2018
23:10
dlm2602: trevordw could be correct. If BNN receives a takeover approach from a company much smaller i.e the US company is valued at $10m and it offers $100m for BNN by way of issuing more shares. All things being equal, after the deal has completed, the combined company would be valued at $110m but BNN shareholders would hold 100/110 = 91% of the US company equity. i.e a controlling interest. The shareholders of the US company would have to agree to the deal as would the BNN shareholders. This is a classic RTO as the small company takes over the big company, but is then effectively owned by the shareholders of the company taken over. This is a neat way for BNN to list on a US market but it doesn't necessarily result in the "greatly enhanced shareholder value" as suggested in the RNS. The new US company may be savaged by the market when it starts trading because investors do not like the deal or the new board of directors etc. The only certain way that shareholder value could be greatly enhanced would be if there was a large cash element which was guaranteed. That's why I think that any deal will involve a large cash element which will dwarf the share price at suspension. At least that's what I hope!! GLA
17/1/2018
15:54
redhill9: Andy, are you deliberating misunderstand my posts or just being obtuse? For the final time, the point I was making is that whether the BNN share price goes up or down on lifting of suspension depends on an individual's perspective or point of view. I used those actual words. Let me explain again: As I have written down the value of my BNN shares to zero in my portfolio (based on not being able to ascribe any value) then anything above 0p is an increase in value (to me). If anyone is still reflecting c.40p as the latest share price and therefore current value then anything below that on lifting of suspension will be a decrease (to them). Do you get that? Incidentally, recognising 40p just because it was the last traded price makes no sense at all to me. It is a share price that is over 4 months old. You might just as well compare the share price on resumption to a share price of 6 months or a year ago. One thing perhaps we can agree on is that the "value" of BNN will, on resumption if it happens, prove to be something higher than 0p. Like you, I'm not convinced by the recent emergence of comments about the cash having been spent. As I recall the RNS after suspension reflected a reasonably encouraging cash at bank position suggesting operational trading post-June hadn't been too bad, and presumably since then cash outflow should have been reasonably controlled, plus hopefully there should have been some continuation of income. But until at least that is demonstrated and the market recognises it by ascribing a market share price at which my shares can be traded I shall consider the current share price to be 0p. You are free to consider the current share price to be whatever you choose. I did say in a post earlier that all opinions are valid, but comments do need to be in context. Regarding my comment about you being pompous, apologies if that's upset you.
17/1/2018
12:31
balance1: Thanks mfelt for pointing out the Brookfield Interactive account filing at Companies House, it is quite enlightening. Brookfield is a wholly owned subsidiary of BNN. It looks like Brookfield has written off its £10.2m investment in Beijing Interactive Science and Technology Ltd which in turn controls half a dozen Chinese companies for BNN, including Beijing New Net. The investments, and most of the £17m debt that was also written off, looks to date back to 2013 and 2014 and the lotteries business BNN was promoting itself on (when it was called DJI). In fairness, the company had more or less dropped the lottery "story" as part of it new business thrust last year, but these write-offs will puch a hole in the balance sheet. The 2016 Brookfield filing basically ducked its "Strategic Report". The auditor's state that "material uncertainty" exists in the ability of the parent (BNN) to continue as a going concern. It needs to refinance £6m of loan notes due in July 2018 and also needs to "materially reduce" the group cost base so it can execute new revenue streams over the next 12 months. This would imply there has been a serious shortfall in revenue streams expected in the second half of 2017. This is backed up by a note deep in the accounts "On September 4, 2017, the parent company (BNN) announced the resignation of the Group's CFO which led to the suspension of trading of the parent company's shares on Aim. The impact of the suspension has had a material impact on the execution of new revenue streams in the period between December 2016 and the approval of these financial statements (14 December 2017) resulting in a deterioriation of the results forecast." We know that the company only brought in £4.6m revenue in the first half of 2017, and the Brookfield account have now informed us of a material deterioration of results forecast from Septemebr 2017. So what was that forecast? The 2017 interims stated that the company has been targeting an operating profit in the second half 2017. Given that costs in the first half were around £15m, simplistically, we could suppose that the company had hoped to make about £15m revenue in the second half, although it had already stated this could be "challenging". This was the picture painted before the CFO resigned. Putting all this together, we might deduce that the company only achieved perhaps around £5m in the second half. This means that BNN 2017 revenues may (at a guess) have only been around £10m for all of 2017, with maybe an operating loss of £20m+. In contrast, the company Brokers Mirabeau had been forecasting revenes of £85m for 2017, with strong profits, when it raised all that money back in 2016. So there will be some pretty grumpy insitutional shareholders at BBN. It is becoming very clear that everyone has been seriously misled, and large amounts of money poorly invested, by the previous management. On suspension, the company had a market cap of £100m. Looking at these numbers, the only way for the share price on re-listing is south. Given that a certain amount of financial information, and clues, are now in the public domain thanks to the Brookfield accounts, it would be apropriate for BNN to provide a detailed update on the company prior to re-listing, so shareholders can figure out what roughly the floor for the share price should be. We should be told how mch cash is left in the bank and how quickly that is running down. The fact that Mark Hanson has agreed to to chair the company, however, leads to some hope. There should still be a certain amount of cash in the pot, with dead wood, in terms of investments, debts and people being shed. Despite the auditor's comment, the company will most likely remain an on-going concenrn if operating costs are cut, hinted-at new revenues are forthcoming and institutional investors are prepared to throw good money after bad. The new team also has some work to do in convincing the market that remuneration and incentives will be tied to operational performance, and there will be an end to the era of kung fu goverence.
23/8/2017
12:33
ayesha4: In line with what was reported by the Chairman and Board at the AGM, much of the new trading activity had not started by 30th June 2017. Despite this, the gross transaction volume for the six-month period had multiplied in to £900m and commission increased to BNN £4.6m. The loss for the period of £15.5m incorporates a significant amount of investment cost (c.£5m) relating to the development of BNN’s technology platform, the interfaces with the Xinhua News App and the football microsite activities, as well as more than £1m of NASDAQ listing costs. Importantly, the overall loss is in line with expectation. The trading update that accompanied the results includes a number of key statements, which I have summarised as follows: The Company reconfirmed its strategy, as a technology company at the forefront of China’s consumer shift to ‘life on mobile’ that enables its partners to access valued added services and fulfil payments online and on mobile apps, enabling both urban and rural communities across China to transact and pay for more services via digital means. BNN also develops exclusive content and offers such content online and over mobile apps with the aim of attracting customers to utilise its services, as well as facilitating the sale of advertising and the collection of consumer data. As one of its many key partnerships, BNN facilitates mobile payments on the Xinhua News App in 12 provinces across China (these provinces account for c.70% of China’s GDP) Despite some uncertainties around timings the Board is confident it can achieve an operating profit in the second half of 2017 and also in early 2018. The uncertainties they are referring to relate to the launch dates of several of the new activities and platforms. These uncertainties typically exist due to the fact that a number of key partners and government bodies are required to give approval, as a result of which delays can sometimes arise. It shouldn’t be ignored that it will be an impressive feat for a fast-growth technology company to achieve profitability in such a relatively short space of time; for example, it took businesses such as Facebook, Instagram, Twitter, LinkedIn, Google, Snapchat, Tencent, Baidu and ANT Financial significantly longer. Furthermore, all these companies have market valuations for more than £10bn and in many cases more than £100bn. This fact should be picked up by the market and factored into valuation and share price once BNN is listed on NASDAQ. B2B mobile top up transaction were tracking at £1.9bn per annum during the first half of 2017. As mentioned within the AGM Statement on 28th June 2017, the Company recently signed a significant new contract with one of the largest Telco’s in China. Trading under this contract commenced in July 2017 (i.e. after the end of the reporting period), generating a material increase in both revenues and margins. The Company has reconfirmed that it aims to transfer as much as possible of its B2B sales over to its higher margin B2C platforms. A key focus of BNN has been to collect the consumer data of its B2B customers to enable it to achieve this conversion and also cross-sell its other services. To date, the Company has obtained valuable consumer data from more than 50 million mobile telephone customers. The B2C fuel card top up platform was launched over the Xinhua News apps in July 2017 (which now has more than 200m registered users) and is on track to be a key driver of revenues in the second half of 2017. Other motorist services will be added to the B2C platform over the coming months, including motor insurance, car park payments, car maintenance services and traffic fines A B2B fuel card top up platform is expected to launch within the next few weeks, following the recent completion of contract negotiations with a number of high profile e-commerce partners. These activities are also expected to generate significant Gross Transaction Volumes and Revenues during the second half of 2017. The margins on the B2B motorist platform will be significantly higher than on the B2B mobile telephone top-up platform, thereby enhancing revenue growth and cash generation. Having hosted 13 football related competitions since May 2017, BNN has generated more than 350,000 unique user registrations, thereby creating one of the largest football related databases in China Following the success of the initial phase of trialling the football microsites, BNN is in the process of launching other new, complimentary and innovative microsites, with the aim of multiplying the level of registrations within a few months This implies that BNN is aiming to achieve more than 1 million registered users within a relatively short space of time, which should prove to be very valuable for the purposes of generating advertising sales, cross-selling BNN’s services and undertaking various data-mining activities. As part of its marketing activity relating to the football related competitions, BNN’s promotions team has so far visited 160 universities across China, building relationships and brand awareness with those universities The first stage of the student services platform, the recruitment portal, is on track to launch in September 2017, with revenues being generated from Q4 2017. The Company expects to conclude agreements with a number of China’s largest part-time employers, including fast-food restaurants (McDonalds, KFC etc) and super-market chains and high street retailers. Other areas of the student services platform, including the online retail of mobile telephones, mobile data and IT equipment /gadgets is planned for launch by early Q1 2018. The Company’s credit reference platform expects to sign its first partners by Q1 2018 In summary, the trading update and outlook confirms that the Company is broadly on track against expectation and whilst some activities were delayed by a small number of weeks against plan, a number of other areas are ahead. This bodes well in relation to the Company achieving the forecasts published by Mirabaud and reaching their short-term share price target of 208pence. If the Company can remain on track by the end of Q3 2017, with clear visibility of breaking into profit by the end of the year, it can forge ahead with the completion of the NASDAQ listing during Q4 2017. The Company’s share price has fallen further over the summer as several shareholders have decided to sell shares or been forced out of margin positions, without there being sufficient buying activity to match the sales over this seasonally quiet period. It will be interesting to see how the price performs once we move into September and news-flow starts to increase.
29/6/2017
22:29
benstamp: Jaknife.. a friend who purchased a large holding of BNN, like myself, just called me and told me about a twit on another forum.. after seconds of my friend briefly explaining the actions of another, i immediately thought of you, which was quite a guess before realising it actually was you, on another site, spouting your nonsense and doing your upmost to twist and turn everyone against BNN. You are like a bad itch, one that withers in the bottom of the shoe, and not just mine.. Its very sad that you spend your days on multiple sites behaving as you do. You are so see through it untrue. Strong & long my fellows. Extremely exciting times indeed. I must admit, my hopes to see a great push forward on the share price, through a Nasdaq listing, in the coming months, was crushed yesterday. However, on reflection, looking at what gives the shareholders the best value long term, I trust and am excited that the decision which has been made, for BNN to have time to deliver on existing new contracts, and let the revenue speak for itself on each new contract, in the coming months, will be more than fantastic for all holding BNN stock. It is clear that Harry is already getting BNN focused and in line, and shaping up the strategy moving forward. At a good guess, it would seem that this is actually something Harry initiated, to give the company and the shareholders the optimum value moving forward. Although I had hoped for BNN to be listed soon, and then out with a healthy profit on part of my stock in the not too distant future (I have been holding for 10 months), I have reviewed my options and have decided (it's a no brainer)to stay long and strong as I believe and back this company 100%. I topped up today and have released funds to top up again tomorrow. Yes, there have been PR issues and other frustrations along the way, but looking at what this company has secured in the last year is phenomenal. Moving from a lottery company to creating BNN as it is today, and the opportunity it has on the path in front is quite remarkable. And hats off to DM for bringing such fantastic contracts to BNN. together with the support of the new additions (Harry & Miguel), BNN is positioning itself very, very nicely. This is the most exciting company I have ever invested in, and I am totally optimistic for the future of BNN. GLA, Ben
29/6/2017
20:05
newmanontheblock: Just finished some meaningless amateur analysis. My and others opinions has been that there have been some professional shorters taking this share down over the last 6 months. Let's assume we have been correct in this assumption. Now pro shorting works best when the shorter knows something the general market does not. So for this analysis, let's assume the knowledge that the shorter had was that BNN was going to postpone Nasdaq listing. They have this knowledge, and are super confident their bet is going to pay off. The share price is driven down. Now what actually happened in the case of BNN is that the shorter successfully drove the share price down to 45p, but crucially they closed out their bet before the AGM. Why? If they actually knew the truth through insider information, they would not have closed their bets!! After the AGM news about the Nasdaq delay had been released, the share price could have hit 20p, if they had not closed their shorts. Instead, they closed their shorts, the market pre AGM RNS drove the share price towards 70p. Then we heard the Nasdaq delay news, and market quickly reversed through ordinary investors running scared again. Share price drops to 50p. Conclusion. The shorters were taking a complete punt, and had no insider information about the delay in the Nasdaq listing. They bet big and won, but they had no real knowledge that the company was not on track or had something bad to tell the market. Why does this all matter? It matters because we all now know about the Nasdaq delay, and that H2 has the potential to be better than forecasted. Therefore, in theory, this share cannot now be shorted with any confidence. Hence, I think we will see a steady share price rise over the next few months, as general market confidence builds in the strategy of BNN. GLA
25/6/2017
09:32
perfect choice: All the resolutions for the AGM are known and on the BNN web site, all standard. Its trading statements, etc which are key right now so expect to have more than the usual all resolutions past RNS next week. Some strange posts on here this weekend I would say and always suspicious when first time posters suddenly appear. Notice odd comment about AR, been through that before. BNN changed strategy in 2016 and 75% of the financial period reflect old discontinued online lottery business. The new strategy commenced in October 2016 only allowing 3 months of initial revenue income from the lowest commission earning service (mobile top-ups). BNN have around £40M cash right now I make it and have record GTVs and subsequent commission revenues form mobile-tops, plus launch of 3 new higher earning services she already generating their initial income. BNN is well founded for its planned growth and maybe actually ahead of target. Going back to that AR, it was stated "the results for the first half of 2017 will reflect continued investment, whilst we remain hopeful we will generate an operating profit in the second half of 2017." So the target is to actually be generating an operating profit in 6 months time not going out of business! I will be validating this statement at the AGM as will provide an indicator of the health of the company. Trouble with formal financial results is that they are always behind the curve of what is a actually happening. It is for that reason I will be pushing for more regular trading updates at the AGM which BNN can issue at any time. Expecting one in July when the Q2 GTVs can be issued. Finally none of this weeks events impact on Nasdaq listing, accounting criteria, asset verification and forward income streams will, not the share price in any week. I will verify status at the AGM this week although most attendees will be looking for an update! As stated before, BNN said Q3 for the Nasdaq launch. Anything else has been speculation IMHO. Key item BNN need to publish is that they have met all the criteria and address all questions and requests. Its not actually the date which is important but that. Indications are that they are there but AGM will need to verify this. Last point, I was actually pleased the price stayed above 50p on Friday and I do wonder if that is a base for this drop. There was no late or after close large trade so whatever tactics where being played by somebody maybe (my guess) with repeat larger or delayed trades appearing each day last week, I wonder if next week could actually be a bounce week especially if the news we want is published around the AGM. Hopefully will not have to "eat my words" on this next week but thinking next week could be a pivotal moment for BNN on the upside, be it from a low price I wasn't anticipating. But overall BNN is actually on firm ground with cash holding and new service launches and subsequent revenue growth. But they need to give the market the confidence of this happening and that starts next week IMHO.
07/6/2017
16:43
perfect choice: Its the 5th April RNS, link is below on ADVFN and have copied the actual RNS as well. Maybe you only read the first part of the RNS title saying share price movement but it is also the last trading update as title below says. http://uk.advfn.com/p.php?pid=nmona&article=74270141&;symbol=L%5EBNN BNN Technology PLC Statement re share price movement & Trading Update 05/04/2017 11:28am UK Regulatory (RNS & others) BNN Technology (LSE:BNN) Historical Stock Chart 3 Months : From Mar 2017 to Jun 2017 Click Here for more BNN Technology Charts. TIDMBNN RNS Number : 6719B BNN Technology PLC 05 April 2017 5 APRIL 2017 BNN Technology PLC Statement re share price movement and Trading Update The Board of BNN Technology (AIM: BNN), a London-listed Chinese technology, content and services company has noted the share price reaction over the past week and is not aware of any reason for today's share price movement. Trading Update Gross Transaction Volumes (GTV) through the company's platform have continued to progress well in recent weeks. Gross transaction volume has grown by 46% to over GBP400 million in the three months to March 2017, following GBP273 million in the three months to December 2016. The company's financial results for the 12 months ended 31 December 2016 are scheduled to be released by the end of next week. The company's NASDAQ listing process is also progressing, as previously announced. We are working towards completing the listing in Q3 2017. Supported by the launch of the recently announced motorist platform, which we expect will generate revenues in H1, we continue to expect significant revenue growth for the Group in the current year. Since the initial announcement, we have added a second major fuel retailer to the motorist platform, in addition to the market-leading operator already reported. The company continues to operate with a strong and healthy balance sheet, and began the calendar year with approximately GBP28 million of cash and cash equivalents. For further information, please contact:
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