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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 42.00p 41.00p 42.00p - - - 0 06:40:25
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
15/12/201716:07BNN Technology plc8,531
25/8/201712:07shorting3
18/8/201710:54Nasdaq9
28/7/201710:33micro app6

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DateSubject
15/12/2017
08:20
BNN Technology Daily Update: BNN Technology is listed in the Travel & Leisure sector of the London Stock Exchange with ticker BNN. The last closing price for BNN Technology was 42p.
BNN Technology has a 4 week average price of 42p and a 12 week average price of 42p.
The 1 year high share price is 144p while the 1 year low share price is currently 40.75p.
There are currently 222,987,523 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of BNN Technology is £93,654,759.66.
28/9/2017
19:04
wla2510: Newbie - I share those fears. I will be amazed if the revenues are anywhere in the ball park of the forecast. If they are the share price should recover by April 19. But I just can't see the revenues from new co tracts being strong, there is a reason the share price fell fell fell. If the contracts are good as we were promised then this juncture whilst trading isnsuspend is a golfen opportunity for BNN and one which it will. It have again IMHO. It must get appointments right, PR right, DMs role right so deal making is maximised but he can't take the p*ss out of us with his remuneration whilst loss makings. One big thing in our favour here is that DM stands to make the most if the share price recovers so it is surely in his best interests to act in the best interests of BNN now?!
23/8/2017
13:49
greenarrows: BN1 - don't worry, we all see it. There is ZERO credibility. I loathe Topaz, but I simply cannot bring myself to filter the awful cretin. Stumbled across these beauties earlier looking for the MirabAud numbers - from May when the share price was c.75p: "Frenzied wealth for Topaz is coming here, all those on the sidelines should jump in now x" "Another little nibble for me this afternoon at these levels. Looking forward to £8-10 share price in two years ;)" "Please stop pretending you know better than myself, I added yesterday and will add more as and when it pleases me. I am holding this for the medium and long term and my target is £10. You can believe it or not but I now see a HUGE future for BNN. I'd stop moaning and get in here, lots of riches waiting as far as I'm concerned!" "This company is going places, the next set of figures are going to blow you lot (yes all 3 of you) out of your cloistered minds." "You really seem to be getting desperate with your deramping, more than likely for you to be able to close your sinking short position? Anyway, each to his own, let's see what happens when the money starts flooding into BNN's coffers $$$$$$$$$$$$$$" "Well, to me a $50 billion valuation now comes to mind for BNN in 5 years, very very exciting!" "Yes I stand by my valuation if all the platforms take off and the world hears about BNN, the Chinese will also want a slice of the company, power in numbers. Twitter, which has lost money ever since it was born got to over $50 Billion very quickly. BNN could go 1000% UP in the first year and then upwards from there at a slower pace, I don't see why you seem so shocked."
23/8/2017
11:33
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.
27/7/2017
07:47
perfect choice: Yesterday was a very busy day for me so only really looking now at detail of yesterdays RNS and comments on here. First the RNS, good expansion of football partnerships and a notable expansion into the business-to-consumer (B2C) marketplace through the huge Tmall online store owned by Alibaba. See comments on why Alibaba mentioned. First thought why not, they own Tmall so why not promote relationship, would you prefer it hidden? However it does seem this is another stage of further involvement with Alibaba and further collaborations are expected so right to "mention" them. They could even possibly be the Telco whose name cannot be officially stated under NDA? See comments on Telco news, I only know they are not allowed to state the name of the Telco unless they are given permission under the terms of the NDA and form AGM Q&A comments, they may try to include more detail in August but I thought that was part of the interim results due in August, not as a separate RNS. I would be more than happy to see another specific RNS but the source of that possibility is not me. In terms of the question why not a separate RNS in the first place, then my take is that as the AGM included the Nasdaq delay into 2018, it was used as a counterbalance news statement. On the BNN web site, yes somebody hasn't been keeping an eye on it and underpins the need for some new PR which they in the final stages of selecting a new PR partner who should therefore keep an eye on such matters. The team in the UK is small and the much larger resources in China are focusing on product development so yes needs some focus and they need to tighten up on such detail. Sounds like they have reacted to PIs emailing them so expect a web site update shortly. On financial news going forward, think a reality check is required as I cannot see anything substantial short term. Interims will be out hopefully next month. They can only reflect H1 income so none of the new initiatives and I calculate myself revenues will be £3.2M but higher operational costs (extra resources) and a cash pile of around £39M. So nothing dramatic and expected for H1. There maybe a forward looking statement but key news maybe a trading statement in October after Q3 is completed unless they decide to report a single month position e.g. the first month GTVs exceed £1Bn in a single month. Keep reading snippets of the Telco deal being well above £1.1BN in annual GTV value which is excellent. But we may have to wait until October for evidence of that IMHO. On share price, disappointing to see weakness. Nothing wrong with yesterdays RNS in fact good expanded football sector news and new revenues for BNN on B2C business. But seems PIs maybe wanting more significant news and saw this is "minor news" only? Buy on weakness is my policy so this is a good top up opportunity IMHO. News flow for the autumn is very positive IMHO so looking for to September onwards where the news flow should become more active. Last comment is that deals like yesterday RNS just shows how well BNN is getting embedded with the really big players along with their XNA partnership. I recall a comment from Wei Qi (China CEO & Chief Operating Officer) at the AGM (found his comments very significant actually) referring to the performance of the BNN transaction platform versus others and a particular high volume day when other platforms were failing while the BNN platform stood up well. This was noted by the big players and so BNN is seen as resolving a "transactional headache" for them. IMHO expect more business to come and BNN has a solid future ahead of itself, it is already now well beyond "speculative initiatives". Personally I have no doubt of handsome returns from BNN and 2018 will be a substantial growth year for share holder value. So if you are not a trader (like me), sit back and enjoy the ride (with its ups and down on prices) and top up if you want and when you see fit. Back to work now and another busy day for me.
29/6/2017
21:29
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
19:05
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
08:32
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
15:43
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:
13/5/2017
14:03
bossno1: Hi The future of the BNN share price will be driven for the most part by its financial performance independant of which stock exchange we are listed on. Nasdaq will deliver benefits in terms of share marketability and demand dynamics but cannot be an end in itself. BN1
27/4/2017
19:31
benstamp: I have been watching with interest the comments on this board for some time and have up to now kept my thoughts to myself, but as an investor in BNN I have been shocked by the recent negative and in my opinion false comments regarding the company by a number of new posters, I assume as others have mentioned it may well be the shorts posting these comments as they are become more and more concerned regarding their positions following the recent fund raise and various new initiatives announced. They are simply trying to scare shareholders into selling some or all of their holdings with the aim to reduce the share price in the short term to save their own bacon, In my opinion their days are numbered and this simply will not be the case. If you sit back and look where the company is, in my view it is very simple. I am not into looking back as that is easy to do but instead am taking a forward looking view as the market will do in due course. (I personally have bought in at prices between £1.60 and 68p and like many others am still under water) The company we know is now cash rich and yes although it currently has a monthly cash burn of c £2m this burn should shortly if it has not already begin to reduce due to the various income and profit generating activities coming on line via its unique partnership with the Chinese news agency and others. I would have thought that if only a small number of these opportunities are harvested in H2 then the cash burn would have reduced significantly and the company may even be in a cash generation position by the end of the year. (The auditors were happy that the company had sufficient cash prior to the recent fund raise) I could list the myriad of opportunities the company has already carved out in this high growth mobile transaction and app arena but I am sure that you are all aware of these from the last 12 months RNS feeds. If a stand alone company had just one of these opportunities pre earnings and pre revenues, (Chinese Student gateway with government backing or the Petrol Station wallet partnered with the leading petrol forecourt players) the rights to just one of these opportunities would justify a significant valuation on that company before it had even started to trade. BNN with its multiple opportunities is looking amazingly interesting in the short, medium and long term, I understand a number of investors are looking for a short term gain and others who have been stakeholders since the initial lottery days have seen the stock rise, fall and rise and fall again in BNN and to all those investors I wish you well and I am sure that in the not too distant future you will get a significant return on your investment even if you bought at the high of £1.70 share price last year. However lets for a minute take a little longer term view (which I know will be taken into account by the various analysts who will follow BNN after its`nasdaq listing) They will look at each opportunity re potential revenues/timing and anticipated margins and then apply a multiple then they will then discount this back to present day valuation. I have done my own numbers and to be honest the numbers look incredible. Look at the Listings of Amazon, Facebook, Snapchat etc. Yes some may have had significant revenue streams pre IPO but just look at their valuations, it was the future earnings that excited the market and put such a high valuation on these companies IPO's. Did anyone complain about what they had lost historically or how much the cash burn was the day they listed? I don't think so. I suggest you take a look at listed J.D.com which is still a loss making business that is on nasdaq and is today valued just shy of $50bn. BNN now has the blocks in place to become a significant player in its market but what is that market,? Football? Mobile top ups? fines and utilities? Students? petrol payment mechanism? .....etc. Although each individual initiative in its own right will generate significant revenue and profit streams the holy grail is Data mining. and when the various users from the above initiatives, the sticky content and all the transactional and other data is woven together as I read in the recent RNS from the company New even more significant opportunities will become reality not only credit scoring as per Experian but a whole host of other data revenue generation opportunities. Once this occurs the company will have a valuation none of us can today imagine. I wish all investors the best over the bank holiday and I personally am excited at the prospects in the short, medium and long term for BNN,I am a holder and buyer.
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