The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Change comes at a cost for BNN https://www.investorschronicle.co.uk/shares/2017/08/23/change-comes-at-a-cost-for-bnn/
Not sure price action wholly attributable to MMs... BNN is traded on SETS so anyone with direct market access can be a MM of sorts...
The mms are going to test 39p at some time
Telco will more than double the growing income read the recent rns .This income will be in next quarter announcement. All my holdings are loss making on aim .here for the growth success and everything is in place for that! Bnn has a massive upside from here imho.gla
Another company with interests in China on a slow decline to zero. Loss after tax of £15.5 million, that £25M placing money wont last long.
Or lower, no profit here for the foreseeable.
RNS OUT! Loss after tax of £15.5 million (H1 2016 £6.5 million loss) "Whilst there is much to achieve in the second half of this financial year and timings can often be uncertain in the markets in which we operate......" 40p soon???
Into your heads they still haven't applied for nasdq yet and they've got all that cash from the writes issue. Becareful
Get out whilst you can!!!
Should get the news on telco very soon. One month trial of the robust platform is up .gla
Back to normal, buyers are queuing, not many sellers on the Ask.
Best ignore inthedetails, he is doing the same deramping with old news over on advfn. The points he makes are old and have already been discussed on boards over 9 months ago. Turns up out of the blue with no past history and starts deramping. Hmm short position me thinks!!
Everything suggests that a little patience with BNN, which has been moving at a rapid pace, ought to pay off in the months ahead. The shares appear to have been hammered by dumping from one non-investment source which has hit trouble, and are beginning to regain their poise. There has been a beauty parade in New York to narrow the number of potential US advisers to help with the Nasdaq listing, and after a brief wobble on the Trump election, interest in new flotations has rebounded. There are no guarantees in the share game, but BNN still looks an outstanding gamble on ecommerce in China, with so many opportunities beginning to unfold. If it was easy, instantly concluded, they would not be so well worth chasing. But if BNN can do clinch the deals, watch out. I have a holding in BNN. http://www.michaelwalters.com/stories/news.phtml?num=5153
Xinhuatong is the software arm of XNA. Go back to the BNN announcement of the DJI rebranding and so on from September 22 (as mentioned in the message from BNN finance director Scott Kennedy posted on our bb by ongreenhill on November 17) . BNN has taken a 10% stake in Xinhuatong, and has a seat on the board. Xinhuatong has the exclusive rights to develop services on the Xinhua News mobile app, and so BNN has access to future commercial opportunities XNA may develop with Xinhuatong. Refer again to the September 22 announcement, and BNN chief executive Darren Mercer is quoted as saying "We are tremendously excited about the opportunity to deepen our relationship with Xinhuatong through New Net (MW note - BNN) . New Net's investment further secures a long term partnership in which we are one of the leading technology providers to the company, allowing us to benefit from its strong commercial relationships in major industries such as insurance and other key financial services markets. "Xinhuatong has the exclusive rights to provide payment processing facilities within the Xinhua News Mobile App and is in the process of applying for a national payment processing licence. Upon a successful application, the benefits to our company will be significant, not only in allowing us to participate in one of China's largest industries, but also to substantially increase the net margin across our platform." It can be hard to follow, but piece it all together, and you have BNN playing a key role (providing the technology platform) as XNA builds a bigger presence in mobile in China - and mobile is the fastest-growing, most dominant strand of growth. If Xinhuanet has come to market at a staggering premium, what could happen should the XNA mobile operation come to market at some future date? The value could be breath-taking, and the impact on BNN's balance sheet staggering. This is speculation at this stage, of course, and might never come to pass, but adds to the many exciting possibilities. Short term, the ability to develop new trading links, new businesses, is the pay-off, but longer-term there could be an enormous capital enhancement. The Xinhuanet premium reflects the respect in which XNA is held, and underlines yet again the importance of relationships in China. BNN is tightly allied to XNA, and has been moving with Government support in the background, step by step. That is not won easily, and it must be no surprise that each deal takes time to reach a formal conclusion with the Chinese Government involved.
21/11/2016 (119264) Singles Day Winner This Thursday, November 24, families all across America gather to spend the day stuffing themselves with turkey and cranberry sauce as they celebrate Thanksgiving. Then, as darkness falls, it is off to the Mall to grab a place in the queue for bargains on Black Friday, the nation's biggest spending day of the year, with stores open from midnight and local TV stations lighting up an orgy of consumer abandon and idiocy. Last year, Black Friday brought sales of $4.5bn. Amazing - yet in China this year they rang up more than $5bn in the first hour on Singles Day, November 11. It is a new festival, devised to encourage single people to treat themselves and celebrate, and has become the planet's biggest online shopping day ever. This year, sales hit a staggering $17.79bn, up from $14.3bn, with Alibaba hosting a four hour show with founder Jack Ma performing magic trick, and the ubiquitous David Beckham and wife on hand to lend a little spice. They are bickering a bit about the precise figures, returns and such, but by general consent, over 80% of sales was spent using mobile phones, up from maybe 69% a year earlier. The surge in smart phone use in China means mobile is taking over from online. Which brings us somewhere close to BNN Technology (BNN), and will bring us even closer given time. Among the many beneficiaries of China's internet boom is Xinhua News Agency (XNA), the State-backed agency through which the President speaks to his people. XNA owns 82.5% of Xinhuanet, the online platform of XNA. It floated on the Shanghai Stock Exchange on October 28, with a public offer price of Yuan 27.69. It immediately soared by the daily limit, and kept on soaring until the last few days, when it has eased off, but still trades at Yuan 118.73, a massive premium. As Xinhuanet floated, it raised new money to expand internet services and such and upgrade in a way which will enhance all of the XNA operations.
I see links are removed. So you for the first link you can google David Mercer "insider trading". For the second link use xinhuatong . com . cn without spaces For the third link google: "new media Lottery Services" suspension For the interview with Darren Mercer google "msn darren mercer barcelona"
Are investors in this company aware that the CEO was banned for insider trading on horse races: http://www.telegraph.co.uk/sport/horseracing/2382696/Owner-banned-for-six-months.html How realistic is it that this man has somehow converted a failed gambling business into a payment system for China worth millions? China does not allow even paypal to run a payments licence, yet somehow Darren Mercer, who worked for a tiny broker in Manchester before starting BNN, has managed to do so? supposedly by owning a 10% stake in this company: xinhuatong. Given the gambling business is worth almost zero, we are meant to believe BNN's 10% stake in xinhuatong is the entire value of BNN (£141m market cap), and therefore xinhuatong is worth £1.41bn! Very unusual that its website doesn't even work, given its meant to be worth £1.41bn: hxxp://www.xinhuatong.com.cn/ Do investors in BNN know that the previous Chairman Lord Mancroft was chairman of New Media Lottery Services that was listed on AIM but went to zero? Interestingly this used to be mentioned under Lord Mancroft's biography in older versions of BNN's website, but has now been removed. hxxps://www.trustnet.com/Investments/Article.aspx?id=200903130730018087O BNN claims between 2003 and 2006 China CEO Wei Qi, was CEO of International trade at "Beijing Holdings" which had over $1bn of revenues. This is entirely fabricated. There is no evidence that he worked for Beijing Holdings. This entire business generated less than $1bn of revenues between 2003 and 2006, so it is impossible that the "international division" generated over $1bn of revenues. Has anyone downloaded the Xinhau News App on their iphone by the way? Interesting that there is nowhere where payments can be processed withing the app... Has anyone seen this interview: hxxps://www.msn.com/g00/en-us/news/politicsvideo/what-do-barca-bnn-tech-andxinhua-have-in-common/vp-AAltGSz It seems he is making it up. BNN made £2m revenues last year yet Darren Mercer paid himself over £580k, and granted himself an additional loan of £438k. In my view this company will carry on getting investors excited with endless talk of listing on the NASDAQ and paying themselves huge wages until eventually going to zero like so many other AIM stocks and indeed Lord Mancroft's previous stock listed on AIM.
If it carries on like the last 12 months it will soon be nearer 10p a share
Their was speculation last year that alibaba would eventually take over bnn .I'll take £10 ashare please
Looking good Houston......or should that be Beijing?
Blue just crossed red line and with support from buyers shold head up
seems they still cooperating http://marketingdeportivomd.com/kopi-singa-nuevo-patrocinador-regional-del-fc-barcelona/
Are you on the right board, knuttsfotdnotary? Sounds like that should be on the BMN board, not the BNN.
Nice to see analysts forecast of 175 .article on 21st July